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Archive for October 25th, 2010

Stamford CT real estate…to list or not to list??? that is the question.

Monday, October 25th, 2010




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We all realize that it is not the ideal time to try and list your home, but if you are buying in the same area, say, Stamford CT for example icon wink Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate then your lowered house price will also be reflected when you buy your replacement house. Nothing is lost therefore – or is it?

Sometimes we can become aware of the fact that we really must move. Maybe the children are too big and we really need to move for that extra bedroom; perhaps there is a need for a bigger rec room, or an extra bathroom.

Many circumstances make house-moving come to mind, but have you worked out the cost of remodeling as opposed to the cost of moving? When we think about moving, we often think of all the irksome things about our home, but we do not remember all the conveniences that might not be available in the next home.

What about the qualities you really like about this home? Even small things like the sun shining into your kitchen in the morning are priceless to some people.

One of the first things to consider is your ‘gut feeling’. Do you want to move because you want to get away from something that is bugging you in that house? If so, think about including that in a remodeling project (as long as it is not an irritating neighbor!)

Write down all the things that are missing in the house you are in, that you know you can afford to buy in the next house. For instance, a third bedroom is one reason you must move, and you would like a big yard. But have you checked the prices of three-bed roomed homes with a big yard in your area?

Cost is really the biggest factor that we all have to takeinto account. Obviously the comparative costs of moving versus re-modeling may play a part.

It is easy enough to calculate the cost of remodeling, you simply ask a builder for a quote. (Use several builders.) If you are doing it yourself, then it will take longer to calculate everything you need to buy. Some hardware stores offer a quotation service. There are on line services for instance on the Home and Garden Web site, where you can pick out your kitchen or bathroom type, choose cabinets and colors of your choicer, one click and it all whizzes into place!

There are also short cuts you can take to get your dream kitchen, like just ordering new cabinet doors and drawers instead of refitting the whole kitchen. These replacement doors come in various price ranges starting from inexpensive white laminate up to classy dark cherry wood.

The cost of moving is harder to calculate, as it contains many hidden costs. For instance all the small costs like a day off work to move, the cost of moving boxes, the paint costs to touch up the outside of the house and those extra shrubs you will buy to make the yard look good.

The larger expenses are easier to spot, for instance: the fee to the realtor, the difference between the cost price of selling your home and buying the new home, the closing fees and legal fees for both houses.

Then there is the actual cost of the physical move, will it be by a removal company or do you plan to do it yourself? Once in the new home, what of drapes and any extras that will be required.

Once all the figures are in, and you have done the math, you may find it easier to make a logical decision and you also feel better in knowing all the cost factors involved – so there will be no surprises. If you do decide to sell, i would love the opportunity to provide a FREE no- obligation market analysis for your Stamford, CT real estate! Just email: nicole@thepropnet.com for an appointment!! icon smile Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate



  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate
  • wp socializer sprite mask 16px Stamford CT real estate...to list or not to list??? that is the question. | CT Real Estate

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Economic Update – October 25, 2010

Monday, October 25th, 2010




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Last Week in the News
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Industrial production at the nation’s factories, mines and utilities fell 0.2% in September, following a 0.2% increase in August. Economists had anticipated a gain of 0.2%. Capacity utilization fell to 74.7% in September from a revised 74.8% in August.
The National Association of Home Builders/Wells Fargo housing market index rose three points in October to 16. Economists had anticipated a reading of 14. An index reading below 50 indicates negative sentiment about the housing market.
According to the ICSC-Goldman Sachs index, retail sales fell 0.7% for the week ending October 16. On a year-over-year basis, retailers saw sales increase 1.7%, the weakest reading since May.
The combined construction of new single-family homes and apartments in September rose 0.3% to a seasonally adjusted annual rate of 610,000 units. Single-family starts rose 4.4%. Multifamily starts dropped 9.7%. Applications for new building permits, seen as an indicator of future activity, fell 5.6% to an annual rate of 539,000 units.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending October 15 fell 10.5%. Refinancing applications decreased 11.2%. Purchase volume fell 6.7%.
The index of leading economic indicators — designed to forecast economic activity in the next three to six months — rose 0.3% in September after a downwardly revised 0.1% increase in August.
Initial claims for unemployment benefits fell by 23,000 to 452,000 for the week ending October 16. Continuing claims for the week ending October 9 fell by 9,000 to 4.39 million, the lowest level since the recovery began.
Upcoming on the economic calendar are reports on existing home sales on October 25, the housing price index on October 26 and new home sales on October 27.

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  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   October 25, 2010 | CT Real Estate

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