Fab Real Estate Blog

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Brookfield, CT Home For Sale: Major Fixer

Brookfield, Connecticut Real Estate For Sale 

35 Old New Milford Road, Brookfield, CT 
$210,000 

***   SOLD AUGUST, 2008   ***   MULTIPLE OFFERS   ***

35 Old New Milford Road Brookfield Connecticut

  • Major Fixer 
  • Ready for a Project?  This is it! 
  • 4 Bedrooms, 1 Full Bath 
  • Formal Living and Dining Rooms 
  • It Needs Work - A Lot of Work 
  • Conveniently Located near Federal Road 

Real Estate for Sale: 35 Old New Milford Road Brookfield Connecticut     Real Estate for Sale: 35 Old New Milford Road Brookfield Connecticut

 

 

 

 

 

 

 

 

Fix it up and make it your own. 


Don't miss this great Brookfield home! 


Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 

Keller Williams CT Realty
CT Home Group
don@FabRealEstate.com
www.FabRealEstate.com

Brookfield, Connecticut Real Estate

 

 

   

Danbury, CT Home for Sale: Remodeled Single Family Home

Danbury, Connecticut Real Estate For Sale 

1 Thorpe Street Extension, Danbury, CT 
$186,000 

***   SOLD NOVEMBER, 2008   ***

1 Thorpe St ExtDanbury Connecticut

  • Turn-of-the-Century Home Remodeled in the 1990's 
  • 3 Bedrooms Plus Den 
  • 1.5 Baths 
  • 1,597 +/- Square Feet 
  • One Car Garage 
  • Convenient Southern Danbury Location 
  • Needs Work - Make This Your Affordable New Home Today! 


Don't miss this great Danbury home! 


Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199

Keller Williams CT Realty
CT Home Group
don@FabRealEstate.com
www.FabRealEstate.com

Danbury, Connecticut Real Estate

 

 

 

Danbury, CT Home For Sale: Multi-Family Fixer Opportunity

Danbury, Connecticut Real Estate For Sale 

48 Locust Avenue, Danbury, CT 
$185,000

***   SOLD   ***   March, 2009   *** 

48 Locust Ave Danbury Connecticut

  • Two Homes on One Lot - Wonderful Multi-Family Fixer Opportunity 
  • Main House with Formal Dining Room, Formal Living Room, Wood-Burning Fireplace 
  • Rear One-Bedroom Cottage 
  • Plenty of Off-Street Parking 
  • Needs a Lot of Work - Fix it Up and Reap the Rewards   

Real Estate for Sale: 48 Locust Ave Danbury Connecticut     Real Estate for Sale: 48 Locust Ave Danbury Connecticut

 

 

 

 

 

 

 

 

 

 

Fix it up and make it your own. 


Don't miss this great Danbury home! 


Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 

Keller Williams CT Realty 
don@FabRealEstate.com 
www.FabRealEstate.com 

Danbury, Connecticut Real Estate 

 

 

 

New Milford, CT Home For Sale: Affordable Condo

New Milford, Connecticut Real Estate For Sale 

Willow Springs 
69 Willow Springs, New Milford, CT 
$135,000 

***   SOLD JUNE 2008   ***

69 Willow Springs New Milford Connecticut

  • No more need to rent! 
  • Affordable Southern New Milford Condo 
  • 1 Bedroom  
  • Spacious Living/Dining Combo   
  • Wood-Burning Fireplace   
  • Large Master Bedroom with Walk-In Closet 
  • Private Patio with View of Pond 
  • One-Level Living 
  • Community Amenities Include Pool, Clubhouse and Playground 

Real Estate for Sale: 69 Willow Springs New Milford Connecticut     Real Estate for Sale: 69 Willow Springs New Milford Connecticut

 

 

 

 

 

 

 

Enjoy this affordable condo - make it your home today. 


Don't miss this great New Milford home! 


Contact Don Fabrizio-Garcia today for your private showing 
203.746.1199 

Keller Williams CT Realty 
CT Home Group 
don@FabRealEstate.com 
www.FabRealEstate.com 

New Milford, Connecticut Real Estate

 

 

 

Multiple Offers...They're Baaaaack!

Welcome back to the world of multiple offers.
Are you ready for them?

This month alone, I've been in six multiple offer situations - four on the buyer side, and two on the listing side.

Home in Ridgefield, Connecticut.  Priced at $1,000,000.  Two offers.
Major fixer property in Brookfield, Connecticut.  Priced just under $200,000.  Three offers and counting.
Condo in Brookfield, Connecticut.  Priced under $250,000.  Two offers.
Another condo in Brookfield, Connecticut.  Also priced under $250,000.  Two offers (that I'm aware of).
Yet another condo in Brookfield, Connecticut.  Priced right at $250,000.  Three offers.
Condo in Danbury, Connecticut.  Priced just over $250,000.  Two offers.

All this while other homes are languishing on the market.

What's the trick?  Price your home right!

OK, OK, there is more to it then that:
Price your home right.
Make your home easily accessible by other agents.
Price your home right.
Keep your home in show condition.
Price your home right.

Some of these homes were on the market for about 2 months before the offers came in.  But they came in all at the same time.  Buyers are out there.  They want to buy a home.  But, the home must be...you know it:  Priced right!  And easy to show.  And it must show well.

Of course, we cannot guarantee multiple offers on your home.  But with a little bit of teamwork between the seller and the listing agent, we can make your home stand out from the rest.

Buyers are out there.  Are they viewing your home?

 

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

 

 

Buying a Short Sale Property in Connecticut

"Short Sale" properties are becoming more common in our area.

A short sale is when the seller is "short" on funds - they are selling a home for less than what is owed on the mortgage.  This occurs either because the market has declined and/or the home has been refinanced and cash taken out from the home.

Is a seller owes more than the home is worth in today's market, and they need to sell, they can attempt to have their lender approve a short sale.  Many lenders are now agreeing to - and approving - short sales under certain circumstances.  If the alternative is foreclosure, then it may be in the lender's best interest to approve the short sale.

However, there are issues with buying a short sale property that buyers need to be aware of:

  • Short sale homes are sold strictly in as-is condition.
  • Short sale homes are not necessarily huge bargains.  Lenders will have an appraisal done on the home prior to approving the sale, to ensure they are receiving fair market value for the home.  Otherwise, it may be more beneficial for the lender to foreclose on the home.
  • Short sales can take a long time.

Let's consider that last point a bit more:  Short sales can take a long time.

In ideal short sale situations - when the seller has already provided their lender with their financial paperwork and other required documents - it is still typical to wait for 4-6 weeks before the lender will even let you know if they accept your offer.

Yes, that means that you, as the buyer, will have to wait at least a month to find out if your offer will even be accepted by the lender.

So, if you're in a hurry to buy, or have a time line of when you want to be in your new home, then a home being sold as a short sale is not for you.  We have no control over how long a lender will take to approve the sale and accept your offer.

Buying a short sale property is not for everyone.
Be prepared to wait.  And then wait some more. 

I have a client who needs to be in their new home within two months.  We will not be able to consider short sale properties - their time frame for moving in is too short.

I have other clients who have an apartment they rent on a month-to-month lease.  They're willing to wait for the right place to call home.  For them, we are certainly considering short sale properties - they have the time to wait and are willing to do so.  Because of their flexibility, the homes available to them is greatly increased to include these short sale properties.

Are short sale properties for you? 
Consider your needs and your time frame.  Speak with your REALTOR and make an informed decision.  If you decide to move forward with a short sale home, just be prepared to be patient.  We'll work through it together!

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

 

New Milford, CT - March, 2008 Real Estate Market Report

New Milford, Connecticut Real Estate Update 
March, 2008

Closed home sales in New Milford, Connecticut:

Single Family Homes:
There were 19 single family home sales closed in New Milford, CT.
List Prices ranged from $204,999 - $1,795,000.
Closed Sales Prices ranged from $200,500 - $1,600,000.

The average closed real estate sales price for single family homes in New Milford was $501,389.
The median closed sales price was $400,000.
On average, these homes sold for 93.7% of their final list price.
Days on Market ranged from 4 - 710 days, with the average being 230 days of market time.

This compares to 20 single family homes closed in March, 2007, with an average closed sales price of $407,485 and a median closed sales price of $327,500.

Condos:
There were 5 condominium sales closed in New Milford, CT.

The average closed real estate sales price for condos in New Milford was $190,000.
The median closed sales price was $175,000.
On average, these homes sold for 97.8% of their list price.

This compares to 19 condos closed in March, 2007, with an average closed sales price of $207,255 and a median closed sales price of $182,000.



Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 248 single family homes for sale in New Milford, CT.
List Prices range from $144,900 for a bank-owned fixer to $4,200,000 for a restored 1800's home on 65 acres.

Condos:
Currently, there are 70 condos available for sale in New Milford, CT.
List prices range from $69,500 for a studio unit to $539,900 for a detached unit in an active-adult community.


New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County.  The town borders the northeastern shores of Candlewood Lake.  Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities.  New Milford enjoys a population of about 28,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

 

Brookfield, CT - March, 2008 Real Estate Market Report

Brookfield, Connecticut Real Estate Update 
March, 2008

Closed home sales in Brookfield, Connecticut:

Single Family Homes:
There were 9 single family home sales closed in Brookfield, CT.
List Prices ranged from $365,000  - $759,900.
Closed Sales Prices ranged from $330,000 - $687,000.

The average closed real estate sales price for single family homes in Brookfield was $474,111.
The median closed sales price was $480,000.
On average, these homes sold for 94.3% of their final list price.
Days on Market ranged from 45 - 559 days, with the average being 279 days of market time. 

This compares to 9 closed sales in March, 2007, with an average sales price of $405,197 and a median closed sales price of $354,275.

Condos:
There were 4 condominium sales closed in Brookfield, CT.
The average sales price was $317,250
The median sales price was $283,050
These units sold for 96.7% of the most recent list price.


This compares to 7 closed sales in March, 2007 with an average sales price of $219,357 and a median sales price of $2205,000.



Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 156 single family homes for sale in Brookfield, CT.
List Prices range from $189,900 for a 2 bedroom foreclosure home to $1,595,000 for an expanded and renovated antique home on over 5 acres.

Condos:
Currently, there are 36 condos for sale in Brookfield, CT.  List prices range from $185,000 for a one bedroom unit to $629,900 for a newer detached unit.




Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Brookfield enjoys a population of about 16,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

   

Danbury, CT - March, 2008 Real Estate Market Report

Danbury, Connecticut Real Estate Update
March, 2008

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 20 single family home sales closed in Danbury, CT.
List Prices ranged from $208,900 - $614,900.
Closed Sales Prices ranged from $203,000 - $600,000.

The average closed real estate sales price for single family homes in Danbury was $371,760. 
The median closed real estate sales price was $342,500.
On average, these homes sold for 96% of their most recent list price.
Days on Market ranged from 44 - 797 days, with the average being 240 days of market time. 

This compares with 28 closed sales in March, 2007, with an average closed sales price of $376,885 and a median closed sales price of $337,500.

Condos:
There were 28 condominium sales closed in Danbury, CT.
The average closed real estate sales price for condos in Danbury was $247,358.
The median closed sales price was $227,750.
On average, these homes sold for 96.7% of their most recent list price.

This compares with 30 closed sales in March, 2007, with an average closed sales price of $285,566 and a median closed sales price of $267,750.



Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 276 single family homes for sale in Danbury, CT.
List Prices range from $79,000 for a summer-only as-is cottage in a lake community to $4,400,000 for an 1840's home on 55 acres.

Condos:
Currently, there are 270 condos available for sale in Danbury, CT.
List prices range from $79,000 - $850,000.


Danbury, Connecticut, a former military depot during the American Revolution, is a diverse community of about 78,000 residents that borders New York State to the west and the southern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Danbury enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  Danbury is situated just about an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

 

Data compiled from the Greater Fairfield County MLS and believed to be accurate

 

 

Sherman, CT - March, 2008 Real Estate Market Report

Sherman, Connecticut Real Estate Update
March, 2008

Closed home sales in Sherman, Connecticut:

There was 1 home sale closed in Sherman, CT.
List Price was $349,900.
Closed Sales Price was $320,000.

Marketing time was 912 days on market.
Note that the original list price was $499,000.  Such a high list price on a home that sold for $320,000, is the reason the marketing time was so long.

This compares with 4 closed sales in March, 2007, with an average sales price of $383,725 and a median sales price of $365,000.


Currently available homes for sale in Sherman, Connecticut:

Currently, there are 56 homes for sale in Sherman, CT.
List Prices range from $299,900 for a small cottage with beach rights to $3,250,000 for an 18th century colonial on 37 acres.


Sherman, Connecticut is a small semi-rural community of about 4,000 residents that borders New York State to the west, New Fairfield to the south and hugs the northwestern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  The northernmost town in Fairfield County, Sherman is often cited as being the fastest growing town in Connecticut per capita, yet still retains its rural roots and charm.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

 

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

 

 

New Fairfield, CT - March, 2008 Real Estate Market Report

New Fairfield, Connecticut Real Estate Update
March, 2008

Closed home sales in New Fairfield, Connecticut:

There were 8 home sales closed in New Fairfield, CT.Welcome to New Fairfield, Connecticut
List Prices ranged from $179,900 - $529,900.
Closed Sales Prices ranged from $179,900 - $503,000.

The average closed real estate sales price for New Fairfield was $349,724.
The median closed real estate sales price for New Fairfield was $344,950.
On average, these homes sold for 96.2% of their final list price.
Days on Market ranged from 36 - 448 days, with the average being 172 days of market time.

This compares with 6 closed sales in March, 2007, with an average sales price of $519,000 and a median sales price of $507,500.


Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 107 homes for sale in New Fairfield, CT.
List Prices range from $189,900 for a small, older colonial home  to $2,895,000 for a proposed new construction waterfront home on Candlewood Lake.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

 

Data compiled from the Greater Fairfield County MLS and believed to be accurate

 

Buying a Home, Getting Married, and Cursing

One of my favorite types of buyer clients are those who are also planning a wedding.
They're excited.  It's typically their first home purchase.  Their lives are enmeshed in a rush of positives - the love, the wedding planning, the honeymoon planning, the thought of owning their first home, their plans for the future.

It is fun to work with these buyers.  They want to buy a home.  They want to set up their new lives together.

Recently, I was emailing one of my buyer clients who are also planning their wedding.  I asked the groom-to-be how the wedding plans were coming along.  His response:
"Wedding plans are coming together. Seems like the closer we get to the date the more things there are to do!
Still a few big ticket items but we are cursing along to the finish line pretty good."

Cursing along to the finish line?
That made me laugh.  I knew he meant "coursing," but it was still funny.  A Freudian slip?

Of course, I called him on this. Fortunately, he saw the humor in it. He then went on to explain that he once applied for a job, and in the cover letter he wrote, "I am defiantly interested in the position."  Great.  Just what the new boss wants: a defiant employee!

I won't tell his fiance that he's cursing about the wedding plans.  I'll leave that up to him!

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

New Fairfield is Going Green!

The New Fairfield, Connecticut, Youth Commission is sponsoring the town's Going Green Campaign.

Local residents can pledge to do their part to save the environment.

Visit www.NFGoingGreen.com today to make your pledge.  They have already exceeded their goal of having 250 homes pledge to do their part.  But that doesn't mean there isn't room for more...

 

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale

Agents Should Play Nice

Is your real estate agent rude? 
Does your real estate agent play well with others?

These are important issues to determine when hiring an agent to represent you in the purchase or sale of a home.  They can also be difficult questions to answer.

The first time you meet an agent, they should be on their best behavior.  You should have an opportunity to both talk to them on the phone and meet them in person. 
Are they polite?
Are they friendly?
Do you like them?

Yes, liking your agent is important.  You'll be dealing with them for a while.  If you don't like your agent, then the already stressful situation of buying and selling real estate will be that much more difficult.  And, if they're not nice and friendly to you, chances are they will be even worse when dealing with cooperating agents who may just have the perfect buyer for your home.

Oftentimes, you'll need to go with your gut instinct to decide if this is the right agent for you and your home.

Here is what happened to me today:
I'll be showing homes later this afternoon.  I scheduled all the viewings yesterday - a full 24 hours in advance, which is something we don't usually have the luxury of doing.  One of the homes I would like to show is "By appointment only."

Now, I could write a whole separate post on why showing your home "By appointment only" is not wise.  Why make your home difficult for buyers to view?  It is definitely not in your best interest, if your goal is to actually sell the home.

Anyway, this listing agent finally returned my call to schedule this appointment - at 6:30 this morning.  Gee, thanks for waking up my whole family...her call went to my voice mail.

I asked for an appointment between 2:30 - 3:30 this afternoon.  Her message was "if you want to show it it must be between 1:00-3:00 because I think someone will be there holding an open house."

You think your listing will be open today?  Perhaps you should be sure.  I know most sellers would appreciate knowing whether or not their home would be open...

At 8:15 this morning she left me another message while I was getting my kids out of bed:  "Are you showing the home or not?"  

Oh, wow.  Now, you know I have no desire to show this home.  But, my buyers would like to see it, so I will try to arrange it.

I called this listing agent back a little before 9am.  I kept my cool.  I didn't tell her she woke up my family at 6:30 in the morning.  Guess what?  She was still rude to me!  And, she kept calling me "Dan" even though I corrected her each time.  That seemed to annoy her, too.  Apparently, it is an inconvenience to her to have her listing be shown.  Maybe that's why it has been sitting on the market unsold for 310 days.


Now, for the homeowners, here is the clincher:  If my buyers decide to consider purchasing this home, will I tell them about my previous dealings with this listing agent?  Absolutely.

My clients deserve to know that we will be up against a rude agent on the other side of the deal.  My clients will be made aware that if it was this difficult to simply view the home, it will probably be just as difficult to negotiate the offer, schedule inspections, deal with repairs, schedule the closing, etc.

It will then be my buyers' decision as to whether or not to proceed.  There are many homes for them to choose from in their price range.  If this is their dream home, then we will move forward and get the deal done.  If they have others they are also considering, then this may be the reason another home gets purchased over this one.

Is that fair to the sellers?  Probably not.  But, they are the ones who chose this listing agent.  And that's a shame.

Make sure your agent plays well with others!

Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
Keller Williams CT Realty
203.746.1199
Connecticut Real Estate and Homes for Sale