BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?

See more here:
http://www.simplifyingthemarket.com/en/2016/06/29/brexit-whats-the-fixit-for-u-s-home-buyers-and-sellers/?a=202258-309b4abf7768d7852fea5b2a76afa595


#RealEstateNews #SellingCT #HomeSellingandBuying #SimardRealtyGroupLLC​

PRICE IMPROVED!
7 Crane Pl, Simsbury CT 06070 @ $269k


Come home to this beautifully landscaped jewel set on a cul-de-sac in Simsbury. An idyllic, quiet, wooded, private acre + lot, the home offers just over 2000 sq ft of living area.
View more info here: http://7craneplace.thebestlisting.com/


#PriceImproved #Simsbury #SellingCT #SimardRealtyGroupLLC​

If you are considering selling, IT IS TIME TO LIST YOUR HOME!

http://www.simplifyingthemarket.com/en/2016/06/23/hurry-up-and-list-your-house-today/?a=202258-309b4abf7768d7852fea5b2a76afa595

Source KCM

#SellingYourHome #RealEstateAdvice #StephenSimard​

Now is the time to buy in the Greater Hartford area!

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:
http://m.hartfordbusiness.com/article/20160224/NEWS01/160229964/1002

Find your home at www.homesoldct.com

#Connecticut#NowistheTimetoBuy#BuyingaHome#Hartford#RealEstate #SimardRealtyGroupLLC#TheHouseSoldName



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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 




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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:


Tabarrok:
“Housing is overrated as a financial investment.”


Belsky:
“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.”


Tabarrok:
“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.”


Belsky:
“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.”


Tabarrok:
“You didn’t expect to get a great investment and a place to live in the meantime, did you?”


Belsky:
“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.”


Bottom Line
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


Source KCM

15,000 homes Sold yesterday! Is yours one of them?
Learn why some homes sit on the market and others sell for top dollar. Visit www.homesoldct.com or call me at 860-626-5090.
Find your home value here : http://goo.gl/opyxcX
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