Rent Real Estate

Market Conditions

Norwalk, Connecticut, a coastal city known for its water views and beaches, remains a buyers market at this time. This buyers market is brought about by price reductions and sellers receiving as little 92 percent of their asking prices, giving buyers more room at the negotiating tables. In 2006 CNN Money rated the city as one of the best places to live, with a median home price of $440,000 -- after 12.9 percent home value gains for 2004-2005 -- and a healthy economy. Notes one local expert, "Sellers, this is not a market to get greedy in. If you get a decent offer ... work with them [buyers]! In many cases, that may be the last offer you get for a long time." For information on your area, please click here. Click here to view current Market Conditions in your location.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Commercial Property
Estate and mortgage
Investment property
Primary market
Property Management
Real Estate News
Rent Real Estate
Resales
Residential Real Estate
Technology Transactions
News of the day
Realty Executives International Partners With Mobile Callback
Realty Executives International announced today a partnership with Mobile Callback® - a Realty Times company. This partnership was developed with agent safety in mind, which will allow Realty Executives agents to utilize Mobile Callback® at open houses, home showings and in other cases where safety is a concern.
Popular Articles
pounds till payday

Plain Speaking In HOAs
Good communication relies on common understanding of terms. English is particularly irksome because the same word or phrase can have radically different meanings. Take the military"s translation of "Secure the Building":

Ask Realty Times
Question: I have a buyer and they offered a very good price, perhaps a bit higher than a house of this size and neighborhood has ever fetched. Maybe the low age and excellent condition and extras justify this. Just before the offer, mortgage rates were lower than ever in recent memory, but now they have jumped .75 - 1.5%, which I suppose may erode the value. If I get a lower number from an assessor than our agreed price, and the lender insists on 100% assessed valuation, what are my options as a seller?

© Copyright 2009