APRIL 2013 Newsletter, CT Real Estate

Housing Trends CT Cassandra Ritone

Welcome to the most current Housing Trends Newsletter. This Newsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends APRIL – 2013 Newsletter:

The Housing Trends Newsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends Newsletter is also filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, community reports that map shopping, schools, recreation and more. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly Newsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours, 

Cassandra Ritone
Keller Williams Realty
29 South Main Street West Hartford CT 06107


29 South Main Street
West Hartford, CT  06107

PROPERTY OF THE DAY! 72 Colin Drive, Torrington, CT 06790

2nd Floor Rental in West Hartford, CT $800 (RENTED)


Cute and clean 2nd floor unit in a 2 family home. 1 BR, 1 Bath.  Can possibly be 2 bedrooms.  Located close to highways and shopping. Washer/Dryer in unit. 1 Pet OK.

If you are interested in viewing this property, please contact me.

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If you are interested in a different property, you can Search for homes in CT here.

Categories: Uncategorized

Thinking About Leasing Your Property Without An Agent?

It’s a proven fact that Landlords and Homeowners who use a Realtor are likely to get more money for their property provided it is marketed correctly!!

Laura, a KW agent, posts:  “Generally, we (agents) will market the property, accept and process applications, do a background/credit check, and write the lease on your behalf for a 1-time fee.  Repairs, rent collection, etc. are all up to you. We get you a qualified tenant and then step out of the picture.”

Right, that is if you have a good agent!

There are so many homeowners and investors out there who are listing with agents and putting their properties on the MLS, but what they don’t realize is some agents are just plain lazy!  They will put your listing on the MLS, let it sit, and have other agents do all the work.  On the other hand, if your property has a sign in the front yard or you put the listing on craigslist or another source and don’t use an agent at all, you are required to keep going over to the property and showing clients who may or may not be qualified to rent your property.

If you want the highest and best amount for your property, you need both.  Period.  You need a Realtor who will not only market in the MLS, but will post it everywhere and follow up with all potential prospects.  As Realtors, we also verify that they are qualified before we bring them into your property.  This makes it more likely for you to get more money and a reliable tenant, whereas you may have just dove in with the first person who called or showed up at your door.

On one of my client’s properties, I rented it for fully $850 when they had been getting $750 for years.  Not to mention they now get an extra $50/month for one of her vacant garages that I pointed out they should be charging for.  I did this by marketing on the MLS as well as craigslist and 350 other websites.  I used every method I can think of, and drove over to meet potential renters.  I am also in tune with the market because I LIVE in it and I know the business (I was previously a property manager as well so that’s double the knowledge for this niche market).

Renters, checking out the MLS is just as essential as looking on craigslist or driving by houses.  You may find a great deal!  If something has been sitting for a long period of time, chances are, they are willing to negotiate.

Bottom line for you homeowners and investors, using a Realtor for a small fee is beneficial in the long run.  I would like to talk to you further about your property and tell you what you should be getting for rent in today’s market and help you get the rent price you should be.  Please contact me to schedule a consultation.  You will be happy you did!

Categories: Uncategorized

Time to buy AND SELL!

The word on the street is that it’s time to buy!  Interest rates are going up a bit and will continue.  I’m seeing a ton of renters out there, and if your credit is good and you are planning to stick around for a while…don’t throw your money out the window.  Please!  I’m seeing it more often than not, and I want to make sure you are doing what is best for you and that your money is coming back to you in the grand scheme of things!

As for you sellers out there, waiting may not prove too financially rewarding unless you are willing to wait about 4-7 years.  It’s time to assess your needs, as the market is only slowly creeping.  Words from Matt Erdmann:

“I log on to Inman News this morning and the first three heads lines read, “Zillow calls bottom for home values,” HUD boosting sales of distressed FHA loans,” “REO inventories drop even as banks hold properties longer.”

What does all of this mean for the market and for our buyers and sellers?

For a while the message being delivered, with respect to the real estate market, was pretty consistent and clear.  It was gloom and doom.  As the media begins to sprinkle in a positive message hear and there it is and will increasingly create confusion and uncertainty with consumers.  As the local real estate economist it’s important that you not only know the data and the forecasts but also know how to interpret it and communicate it to both buyers and sellers.  While not unanimous there is some general consensus that the real estate market is at or near the bottom.  Signs of stabilization combined with historically low interest rates means if you’re riding the fence it’s time to get off of it and plant your feet firmly on the buying side before opportunity passes you by.  The message is more dangerous on the sellers side.  These rays of sunshine can prompt sellers to slip into the “well I’ll just hold on for a year or two because I hear the markets coming back,” mentality.  Be prepared to do an honest needs analysis with your seller clients and guide then to a decision that makes sense for their personal/financial goals.  Despite some signs of stabilization most would agree that we will not see appreciation significant enough to financially warrant holding onto a property that we would otherwise sell for at least 4-7 years.  We’ve just posted the first quarterly rise in home values (*according to zillow statistics) since 2007.  It was a whopping .02%!  Up is better than down but does a number like that justify the holding costs associated with “holding on until the market comes back?”

THANKS MATT!!  I hope this helps my buyers and sellers understand the market a bit better.  And if you are a seller reading this and would like any more information or a price opinion on your home, I am fully qualified to do so!  Buyers, not sure how much home you can afford?  Contact Justin Hardgrove at Mortgage Masters Inc.  860-426-9677.  My family uses him and he has been helping people get into homes for a long time!  He is trustworthy, knowledgeable, works extremely hard at what he does, and is a great down to earth guy!  Give him a call.  It doesn’t take long to get an assessment done over the phone, and I can start showing you properties next week when I have availability or when you’re ready.  I look forward to working with you!

Categories: Uncategorized

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Categories: Uncategorized

2 BR Rental available in Southington, CT – $900

71 NORTON ST Southington, CT 06479 2 beds, 1 baths, $900/mo



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