Interest rates have come along way in 30 years meaning you can get much more home for your money. Low rates are good for both buyers and sellers. To learn more about where rates are at today and where they may head in the future feel free to visit me at HomeSoldCT.com or call me at 860-626-5090. We can discuss and I'll put you in touch with a trusted lending professional.
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Financial reasons to buy a home
Financial reasons to buy a home
#BuyingAHome #SellingCT #SimardRealtyGroupLLC #StephenSimardRealtor
Find out your homes equity by visiting www.propertyvaluect.com
CoreLogic’s latest Equity Report revealed that one million borrowers regained equity in their homes in 2015. The outlook for 2016 remains positive as well, as an additional 850,000 properties would regain equity if home prices rose another 5% this year.
The study also revealed:
95% of homes valued over $200,000 now have a positive equity position
87% of homes valued under $200,000 have entered a positive position
The 11.5% growth in home equity in Q4 marked the 13th consecutive quarter of double digit gains
Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity.
Significant Equity Is On The Rise
Anand Nallathambi, President & CEO of CoreLogic, believes this is great news for the “long-term health of the U.S. economy.” He went on to say:
“The number of homeowners with more than 20% equity is rising rapidly. Higher prices driven largely by tight supply are certainly a big reason for the rise, but continued population growth, household formation and ultralow interest rates are also factors.”
Of the 91.5% of homeowners with positive equity in the US, 72.6% have significant equity (defined as more than 20%). This means that nearly three out of four homeowners with a mortgage could use the equity in their current home to purchase a new home now.
The map below shows the percentage of homes with a mortgage, in each state, with significant equity.
If you are one of the many homeowners who is unsure of how much equity you have in your home and are curious about your ability to move, let's meet up to evaluate your situation.
#HomeBuying #HomeSelling #SimardRealtyGroupLLC #SellingCT #BuyingCT #TheHouseSoldName
STEPHEN SIMARD HAS BEEN NAMED A FIVE STAR PROFESSIONAL REAL ESTATE AGENT FOR 2015 AS SEEN IN CONNECTICUT MAGAZINE.
Stephen Simard has been named a Five Star Professional Real Estate Agent for 2015 as seen in Connecticut Magazine.
Five Star Professional partnered with Connecticut magazine to identify real estate, mortgage and insurance professionals in the Connecticut area who deliver outstanding service and client satisfaction. The Five Star Professional research team contacted thousands of recent homebuyers, as well as other consumers. Clients may also submit evaluations online. Phone, mail and online respondents rated their service professional on criteria such as overall satisfaction and whether they would recommend the provider to a friend. The research methodology allows no more than 7 percent of professionals in each category to receive the award.
Professionals who satisfied each of the following objective criteria were named a 2015 Connecticut Star Real Estate Agent.
1. Received a qualifying client satisfaction rating.
2. Satisfied the applicable state licensing requirements.
3. Actively employed as a licensed professional for a minimum of three years.
4. Favorable regulatory and complaint history review.
5. Satisfied minimum client volume or production on a one-year and three-year basis (number and volume of transactions or number of client households served).
Five Star Professional surveyed Connecticut area residents who purchased a home priced at more than $150,000 within a 8-month period in 2015.
Connecticut Five Star Real Estate Agents is a select group, representing less than 7 percent of real estate agents in the area. Evaluations were collected by mail, phone and online at www.fivestarprofessional.com/homesurvey.
For more about Stephen Simard and the Simard Realty Group LLC please visitWww.HomeSoldCT.com
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LOOKING TO BUY OR SELL BLOOMFIELD?
Looking to buy or sell Bloomfield?
Bloomfield has so much to offer. Conveniently located. Find your home value and search Bloomfield listings here. www.HomeSoldCT.com
According to the United States Census Bureau, the town has a total area of 26.3 square miles (68.0 km2), of which 26.1 square miles (67.6 km2) is land and 0.15 square miles (0.4 km2), or 0.63%, is water.
Bloomfield is bordered by Windsor to the northeast, East Granby to the north, Simsbury and Avon to the west, and West Hartford and Hartford to the south.
The northern border of Bloomfield is formed by the Farmington River. The west side of the town is flanked byTalcott Mountain, part of the Metacomet Ridge, a mountainous trap rock ridgeline that stretches from Long Island Sound to nearly the Vermont border. Notable features of the Metacomet Ridge in Bloomfield includePenwood State Park and the Tariffville Gorge of the Farmington River, on the borders of East Granby, Simsbury, and Bloomfield. The 51-mile (82 km) Metacomet Trail traverses the ridge.
#BuyingOrSelling #Bloomfield #SellingCT #SimardRealtyGroupLLC #StephenSimardRealtor#TheHouseSoldName
Homes are selling fast! What is your home worth now?
Get started here, and get your home seller guide delivered:
TIPS FOR OBTAINING TOP DOLLAR
Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
1. Price it a LITTLE LOW
This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house
Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. In that way, the seller will not be fighting with abuyer over the price, but instead will have multiple buyers fighting with each other over the house.
Realtor.com, gives this advice:
“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”
2. Use a Real Estate Professional
This too may seem counter intuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.
Price your house at or slightly below the current market value and hire a professional. That will guarantee you maximize the price you get for your house.
#KnowingYourHomeWorth #NowIsThetimeToSell #HomeSoldCT#SimardRealtyGroupLLC#StephenSimard #TheHouseSoldName
HOME OWNERSHIP AS AN INVESTMENT
HOME OWNERSHIP AS AN INVESTMENTIn a recent blog post on Marginal Revolution, economist Alex Tabarrok discussed homeownership as an investment.
Here is what Mr. Tabarrok had to say:
“Housing is overrated as a financial investment. First, it’s not good to have a significant share of your wealth locked into a single asset. Diversification is better and it’s easier to diversify with stocks. Second, unless you are renting the basement, houses don’t pay dividends. Stocks do. You can hope that your house will accumulate in value but don’t count on it. Indeed, you should expect that as an investment your house will appreciate less than does the stock market. You didn’t expect to get a great investment and a place to live in the meantime, did you?”
Here is a rebuttal:
We have reported many times that the American Dream of homeownership is alive and well. Tomorrow, we’ll touch on the personal benefits to homeownership.
Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top financial benefits of homeownership in his paper -The Dream Lives On: the Future of Homeownership in America.
Let’s use some quotes from Belsky’s study to address comments by Mr. Tabarrok:
“Housing is overrated as a financial investment.”
“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”
“You can hope that your house will accumulate in value but don’t count on it. Indeed, you should expect that as an investment your house will appreciate less than does the stock market.”
“Homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”
“You didn’t expect to get a great investment and a place to live in the meantime, did you?”
“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.
Homeowners are able to deduct mortgage interest and property taxes from income…On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”
We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. If you are considering a purchase this year, contact a local professional who can help evaluate your ability to do so.
Find your new home at www.HomeSoldCT.com
Homes for Sale in Suffield Connecticut!
Find your new Suffield home here.
Search them here: http://www.homesoldct.com/listings-search/#/371852545
Suffield is a medium-sized town located in the state of Connecticut. With a population of 15,814 people and three constituent neighborhoods, Suffield is the 73rd largest community in Connecticut.
Suffield is a decidedly white-collar town, with fully 85.00% of the workforce employed in white-collar jobs, well above the national average. Overall, Suffield is a town of professionals, sales and office workers and managers. There are especially a lot of people living in Suffield who work in management occupations (14.57%), office and administrative support (11.72%) and sales jobs (11.58%).
The population of Suffield is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 37.87% of adults in Suffield have a bachelor’s degree or even advanced degree.
Suffield has great schools, a commitment to agriculture, many parks and nature preserves, affordable homes for sale with land, and small town charm. Learn more about Suffield CT and all if offers by contacting Stephen Simard at 860-626-5090.
Source: Neighborhood Scout
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*Homes for Sale in Granby priced between $250,000 -$400,000 *
Search them here. http://www.homesoldct.com/listings-search/#/-1506381137
Granby, Connecticut has a population of 11,243. Granby is more family-centric than the surrounding county with 33.54% of the households containing married families with children. The county average for households married with children is 30.8%.
The median household income in Granby, Connecticut is $97,851. The median household income for the surrounding county is $64,752 compared to the national median of $53,046.The median age of people living in Granby is 45.9 years. Granby has great schools, a commitment to agriculture, many parks and nature preserves, and small town charm. Learn more about Granby CT and all if offers by contacting Stephen Simard at 860-626-5090.
#Granby #HomesForSale #StephenSimard #SimardRealtyGroupLLC
Hartford a top 5 real estate buyers market.
A new study released today says Greater Hartford is the fourth-best market for real estate buyers in the U.S. because of an increasing inventory.
Link to story:
Find your home at www.homesoldct.com