NEWS BITS
12.04.07
There is nothing like attending a high quality real estate meeting to confirm that all is not horrible in this business, at least in the better areas of CT. I attended an annual CRS ("certified residential specialist") Monday and heard lots of good things about the market from people like me, who sell in places like here around the State. Yes, the pace has slowed, but all feel, as I do, that the under- structure of the market it sound. However, as I said last week, the key to "action" right now is correct pricing, or at least "correct responses" when offers are made.
Heating oil is currently well over $3.00 per gallon in the NW corner; this is significantly higher than last season, so I really blew it by not recommending pre-purchase plans back in August. It appears that oil users will pay approximately 20-25% more this year than last. Last year spot pricing declined from the pre-pay plans. Not so this year!
Programmable thermostats, tightly fitted windows, properly positioned storm sashes, and closed dampers when fireplaces are not in use, will all help mitigate some of this painful cost. Of course wood stoves are another means of saving on oil.
The false storm-start of Winter this last Sunday into Monday, did nothing but result in mostly slushy ground conditions around the NW corner. Salt was the solution and, when spread liberally as it often is, made driving more or less normal, once the trucks got it onto the pavements.
Finally, Chives, a new restaurant in Lakeville has opened, and it is very nicely done with the early reports of good to excellent food. I ended up there Monday evening - yes, they are open on Mondays - and had an excellent meal. Try it.
©:2007 R Leech features
I have been looking at properties through ads in the Lakeville Journal. Having lived in Santa Fe and Santa Barbara, I got a tell you that your properties are way over priced. The worst thing that I have seen is a property that has not sold gets a new Broker and the price goes up. An example is a house in Ashley Falls that could not sell with Isgood a pedestrian broker and then taken over by Elyse Harney a snooty agency and the price is raised from $380,000 to $450,00. Who is stupid enought to pay $70,000 for the privillege of working with Elyse Harney. Is she going to tell the New Yorker fthat the house was priced at $380,000 and could not sell but i think it is worth $450,00 so buy it?I am convinced that prices have been driven by real estate brokers who have clients that believe brokers and do not use any common sense. You can't look at what something is selling for in NYC and come here and say what a bargain. People should understand a orange is not an apple.
Thanks.
Peter
12/11/2007