Posted by Linda Edelwich on Monday, October 9, 2023 at 4:22:13 PM By Linda Edelwich / October 9, 2023 Comment
Breaking down the real estate headlines and MLS stats so you, the local homeowner, can stay informed on what matters to our hyper-local Glastonbury market.
Glastonbury's single-family home update:
There are 29 available homes on the market in Glastonbury. Amount of homes listed between:
100-200 = None
200-300 = None
300-400 = 7
400-500 = 5
500-600 = 1
600-700 = 3
700-800 = 3
800-900 = 2
900-1million + = 8
Glastonbury's condo market update:
Currently, there are 2 condos on the market in Glastonbury. Mortgage companies are really scrutinizing condos lately. Any safety issues mentioned in the condo questionnaire or re-sale docs can cause huge headaches for condo sellers. You need an experienced agent in your corner w/solutions!
WHAT ARE CLOSING COSTS FOR A BUYER?
Closing costs are the fees 3rd parties charge when you buy your home; these costs vary & include items such as bank fees, escrow/title fees, 1 year paid premium for homeowner’s insurance, appraisal fee, credit report charges, etc. At least 3 business days before closing, your lender must send you a Closing Disclosure (CD). This form lists all final terms of your loan such as closing costs and the details of who pays and receives money at closing. Typically these fees are about 3% of the purchase price. Time of year can impact this total by the amount of adjustments in taxes owed for example. I am not see buyers asking to roll these into the purchase price right now: this is referred to as “seller concessions”.
WHAT ARE CLOSING COSTS FOR A SELLER?
Sellers pay commission, conveyance taxes and attorney representation fees. Sellers get back pre-paid taxes and money for the fuel left in tanks at time of closing. I have created a helpful guide to start homeowners thinking about those options. If you want a free no obligation copy: https://bit.ly/SellerGuideRequest
Do you have a specific question about the market? Feel free to email me at [email protected] or send me a text.
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