Local community and real estate information for Cheshire CT by your Cheshire Real Estate Experts, Sally Bowman Real Estate

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May 2013 Market Watch

by Sally Bowman Real Estate

May 2013 Market Watch for Cheshire CT

Cheshire Active Listings: There are a total of 159 properties actively on the market with an average list price of $493,166.



Cheshire Sold/Sale Pending: There are currently 54 properties with sales pending and 125 properties that closed in the past 6 months.  The average sold price for Cheshire is $357,241 and the average time on market is 84 days.



Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about four and a half months to sell all of the current active listings, without adding any new homes for sale.  

Data and charts based on the last 6 months, data provided by the Multiple Listing Services.

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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Sally Bowman Real Estate is Proud to Sponsor the Cheshire Half Marathon!

by Sally Bowman Real Estate

On your mark...get set...go! The Cheshire Half Marathon, 5k & Kids Fun Run is this Sunday, April 28, 2013! The half marathon begins at Cheshire High School. It runs a scenic, flat course that runs through Cheshire and parts of Hamden, with stretches along the Farmington Canal Trail.

The event provides fund-raising benefits to Abilities Without Boundaries, Best Buddies of Connecticut and the Cheshire Lions Club. Due to overwhelming demand, this year's event has increased the participant limit to 3,000 people. Registration is still open, but will close promptly on Friday, April 26 at 1:30 p.m.! If you are unable to participate in the race, you can show your support by making a donation to Abilities Without Borders.

We would also like to tell you more about Best Buddies and their upcoming event on June 1, 2013! Best Buddies provides programs in middle schools, high schools, colleges, and workplaces to create one-to-one friendships between people with, and without, intellectual and developmental disabilities.

Best Buddies helps end the social isolation that many special needs individuals experience, by providing opportunities to attend movies, dances, sporting events and more, with the companionship of volunteers who give them acceptance, camaraderie and companionship. It also provides a lot of fun for everyone involved!

We will be cheering on Kelly Rosadino and Bobby Anthony during the Hyannis Port Challenge on June 1, 2013! Kelly is the daughter of one of our agents, Cheryl Rosadino. We are all very proud of Kelly's support of Best Buddies as a team leader!

Bobby Anthony is a Cheshire resident who is a Buddy Director at Cheshire High School. He is entering the , the Hyannis Port Bike Challenge for his second year. Bobby will be the first one to tell you what a difference Best Buddies can make in a person's life! You can learn more about the event and make a donation by visiting teambbct.org.

These fund-raising events and our wonderful volunteers are an example of our quality of life in Cheshire! Whenever you need information about our community, schools, events, or real estate market, please contact us for assistance! We are always ready to help you!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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Selling Your Cheshire Home? Don't Go It Alone!

by Sally Bowman Real Estate

As the Cheshire real estate market heads into the best season we've had in years, it temps some home sellers to try and market their properties themselves. Here are a few reminders why "For Sale By Owner" properties do not have the same advantages as broker-listed homes, whether you are a buyer or a seller!

1. Ongoing marketing. Your local real estate broker continually advertises themselves and their listings, while sharing sales activity and resources. This draws buyers!

2 Trust. Professional REALTORS adhere to a Code of Ethics and a uniform standard of practices that protect the consumer.

3. The Multiple Listing Service. Homes for sale that are listed on the MLS appear in local circulation, and on the largest real estate websites in the world.

4. Home sales statistics and market trends. While very generalized information is publicly available, your local broker can give you up-to-the-minute information that zeros in on your immediate market area.

5. Accurate comparative market values. Automated, online valuations are estimates that pull data "sight unseen" - meaning a home could be extremely under-valued, or over-valued, as condition and amenities are not taken into consideration.

6. Lack of transparency. If you are a home buyer, a FSBO won't tell you how long they have attempted to sell the home, or how many price reductions may have already happened.

7. Professional negotiation. Real estate professionals are trained negotiators. Our objective is to help you make a deal happen that fits your needs and serves your best interests.

8. Preparing buyers. We help home buyers access mortgages, home inspectors, contractors, and equip them to be "ready to buy." Home sellers going it alone will have to do their own screening of prospective home buyers, while staying in bounds of Fair Housing laws.

Home buyers also tend to question the motives of FSBO sellers. Is the seller avoiding the use of a professional in order to save sales commission? If so, what kind of negotiation experience does that suggest? Is the seller avoiding a real estate professional because they want to price the home above market levels? Why wouldn't a home seller want the advantages of professional representation, multi-faceted marketing, and distribution among popular websites?

These are just a few reasons why the vast majority of Cheshire homes are bought and sold through real estate professionals. Having an experienced real estate team on your side is important whether you are a buyer or a seller!

When you need Cheshire real estate information, turn to Sallly Bowman Real Estate! We will tell you what's happening with home prices in your neighborhood, and provide you with the professional guidance you need for success! Call us today - we are ready to help you!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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5 Tips to Buy Your Cheshire Home!

by Sally Bowman Real Estate

Thinking of buying a Cheshire home? You're just in time! We have some beautiful homes on the market, mortgage interest rates are low, and the Connecticut Open House weekend is coming up on April 20 & 21!

And because we are expecting more home buyers to enter the market this spring, we have some tips to help you succeed with your home purchase!

1. Get approved by your lender. When you submit a copy of your mortgage approval letter along with your purchase offer, it gives you credibility. Being "ready to buy" helps you compete in the market. Be sure to keep your mortgage approval active while you conduct your home search - update your paperwork as needed.

Also remember to keep your financial picture consistent while you are in the home search and purchase process. Now isn't the time to buy a new car, or take the plunge on a career change.  

2. Target your Cheshire home search according to your needs, budget, and desired locations. It's easy to get distracted - stay focused and know your goals. Prioritize the needs vs. wants. Your budget may not allow for every wish, but with good planning you can still do very well in today's market.

3. Have realistic expectations about current home prices, and make your offer in line with the market. We can share the latest Cheshire sales trends to help you!

4. Keep your contingencies reasonable. An offer that is bound in too much red tape will not win over a home seller.

5. Remember that home prices and mortgage interest rates are subject to change! Sitting on the fence can cost you money. As home prices go up, so will your down payment requirements, your closing costs, and your mortgage payments. In the meantime, the cost of renting also goes up!

Buying a Cheshire home is a big decision, but with professional guidance it can be a satisifying and rewarding experience. We can help you find reputable mortgage lenders, home inspectors, and home service providers of all types! We know the Cheshire community, and we can help you find the ideal home and neighborhood for your needs.

For more information about the wonderful Cheshire homes on the market today, give us a call! Our experienced, friendly team will answer your questions, and walk you through the home buying process. Let us be your guide to Cheshire real estate!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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6 Steps Before Remodeling Your Cheshire Home!

by Sally Bowman Real Estate

Have you been thinking of remodeling your Cheshire home? If so, you're part of a growing trend! According to a survey by remodeling website Houzz, 53% of homeowners say that now is a good time to remodel. Many home renovations involve kitchens, and in this area of the home, the cost of remodeling averages $28,000! 

With this kind of price tag in mind, you want to plan your renovations wisely! Here are 6 planning tips to help you get the most out of your remodeling project, without breaking the bank:

Decide the essentials first. Are new kitchen cabinets a must? Or will new cabinet doors do the trick? Decide the priorities. List everything else to the side.

Decide how soon you need to finish this project. Are you putting your home on the market in a couple months? Are you expecting company? Have a realistic timeline for completion.

Determine your budget. Do you have your financing lined up, or funds set aside to tackle your project? Remember to have a financial cushion just in case!

Interview contractors and obtain estimates on materials and labor. Local companies are your best resource, because they have a vested interest in keeping their neighbors happy! Do-it-yourself with help from R.W.Hine Ace Hardware, or turn to professionals like the F.F. Hitchcock Company.

Compare the estimates to your budget. Are you still in business? Can you afford the little extras? Do you need to finance more of the project than expected?

Revisit your list of contractors and make an informed choice. Ask for referrals from past clients. Talk to them about projects they have completed that were similar to yours.

If you are considering selling your home in the near future, talk to me about your Cheshire home value before you invest in renovations. I can provide guidance about the market value you can reasonably expect!

As a Cheshire business owner and resident, I am happy to share these remodeling tips with you! And when you have questions about buying or selling a home in Cheshire, CT, I will be here to help you! My team and I have the best in local market experience to help you succeed - contact us today!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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April 2013 Market Watch

by Sally Bowman Real Estate

April 2013 Market Watch for Cheshire CT

Cheshire Active Listings: There are a total of 138 properties actively on the market with an average list price of $483,237.



Cheshire Sold/Sale Pending: There are currently 48 properties with sales pending and 117 properties that closed in the past 6 months.  The average sold price for Cheshire is $349,160 and the average time on market is 91 days.



Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about four and a half months to sell all of the current active listings, without adding any new homes for sale.  

Data and charts based on the last 6 months, data provided by the Multiple Listing Services.

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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Get Your Cheshire Home Ready for an Open House!

by Sally Bowman Real Estate

It's spring, and the busiest time of the year for the Cheshire real estate market will soon be upon us! In fact, our spring 2013 market is expected to be busier than we've seen in recent years, thanks to an improving economy and pent-up demand.

And if you needed one more reason to get your Cheshire home ready for the market, here it is: The Connecticut Open House event is April 20-21, 2013!

This is an industry-wide Open House event that will take place across Connecticut. It is part of the Nationwide Open House sponsored by the National Association of Realtors®. The purpose is to bring home buyers, sellers and members of the community together in promotion and support of the American dream - home ownership!

This is a great opportunity to enjoy extra market exposure for your home. Of course, we can arrange an open house for you at any time! Here are a few tips to help you make the most of an open house:

1. Remove clutter inside and out! Pack away the extras you don't need; store things at another location for awhile. Make sure the yard is tidy and the front doorstep is welcoming. Your closets and storage areas should have some empty space in them, and rooms should look as spacious as possible.

2. Secure personal items and information. It goes without saying, but as a precaution, please make sure medicines, banking information, jewelry and other personal items are locked away.

3. Keep your pets safe in a locked kennel, or have them temporarily boarded until the open house is over. Some buyers do not mix well with dogs, and you don't want a kitty escape to happen. And because some buyers may have pet allergies, it's a good idea to temporarily remove dishes, bedding, and pet toys.

4. Be willing to de-personalize your decor. The secret to a successful open house is to have visiting buyers picture themselves living there.

5. Avoid the temptation to circle the block and see who is showing up. Remember how you feel at a car dealership when a salesman lurks too closely! Give your buyers time to explore the home.

6. Take feedback constructively! It may suggest cosmetic improvements that will bring a great offer!

When it comes to selling Cheshire homes, the Sally Bowman team delivers results! As your experienced real estate team, we will provide you with complete pre-listing counseling so that you are prepared to succeed in today's market! Call us today for information about home prices in your neighborhood and the latest market trends! We will be happy to evaluate your home value and help you prepare for your first open house!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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New Credit Score Method Could Help Cheshire Home Buyers!

by Sally Bowman Real Estate

Most Cheshire home buyers are familiar with FICO, which is the traditional credit scoring system used by lenders to evaluate risk. While FICO’s methods have ruled the credit world for the past 20 years, there is a new credit scoring system gaining attention – the VantageScore! Here are some facts about it!

Per a recent CNN Money article, VantageScore is now used by 4 of the 5 top mortgage lenders in the country. VantageScore is also used by:

7 of the top 10 financial institutions
6 of the top 10 credit card issuers
4 of the top 10 car loan companies

VantageScore has been around for several years, but was slow to catch on with mortgage lenders, because the score range differed from FICO. However, the 3.0 version of VantageScore solves this. In the future, both FICO and VantageScore will have a range of 300 to 850. The higher the number, the better your score! More lenders are now embracing VantageScore and the trend is expected to grow.

There are some important differences in the scoring models that may benefit Cheshire home buyers. For example, VantageScores count rent payment history, utility bill payments and public records. This will provide credit scores for consumers with no loan history who would fall through the cracks with FICO.

Because VantageScore was developed by the "big three" credit reporting agencies, the scoring methods are more consistent with each bureau. However, some variety in score between one bureau and other is normal, since not all lenders report to all bureaus.

VantageScore also claims to "lift" consumer credit scores in general, because there are fewer variances in score tabulation, whereas FICO scores can vary widely between each bureau.

Another big plus of VantageScore: collection accounts will not hurt your score if the balances are zero!

Please keep in mind that you have no control over what credit scoring model your lender chooses to follow. Also, no one will tell you exactly how they come up with your credit score. However, there are guidelines on MyFico .com and Your.VantageScore.com that provide helpful insights.

When you need insights about the Cheshire real estate market, turn to us at Sally Bowman Real Estate! We are always here to help you with your home buying and home selling needs! Let us help you with your questions – contact us today!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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How to Keep Your Data Secure in Cheshire!

by Sally Bowman Real Estate

Are your electronic devices safe from hackers, scammers, phishing and malware? The Gartner Group estimates that phishing scams alone cost consumers and businesses $2.8 billion dollars annually! Fortunately, there are simple ways you can protect yourself!

The Connecticut Better Business Bureau has several security tips for your computer and Smartphone! I've added a couple suggestions of my own as well! 

Computer:

Update your software. Your computer should have the latest anti-virus software installed, along with a secure firewall. You can find product reviews about anti-virus software in this terrific PC World article from January 2013.

Shop on trustworthy websites. Check a seller's reputation and customer satisfaction at bbb.org. Look for the “s” in https:// in the URL address box to ensure you’re shopping on a secure website.

Beware of phishing. Avoid clicking on links from emails sent from anyone you do not know, or if they appear suspicious.

Set strict privacy settings. Consider restricting access on social network profiles to only friends or family, or people you know. Avoid connecting with anyone on social networking sites who you are unfamiliar with.

Set strong passwords. Make sure all passwords, most importantly your passwords for online banking, social media and email accounts, are difficult to guess. Passwords should contain a combination of letters, numbers and punctuation marks. Change your passwords periodically.

Smartphones:

Lock your phone. Add a security code to your phone to prevent thieves from accessing your data. Set your phone to lock automatically when not in use for a specified time.

Update your operating system. Regularly updating your phone closes security loopholes and helps stop hackers.

Beware of unknown apps and links. Do not download any apps or click on links in your email or social media pages without first researching the source. They may contain viruses, malware or spyware that can compromise your personal data.

Avoid unsecured Wi-Fi. If you choose to connect to an unsecured or public Wi-Fi network, do not enter passwords or access any personal data.

Treat your cell phone like your wallet. Do not hand your phone to a stranger who wants to borrow it to make a call. Do not leave your cell phone unattended.

Check your permissions. Check all of your apps to see what data they are accessing and revoke permissions for information those apps don’t need to properly operate.

Delete “smishing” texts. Like “phishing,” “smishing” schemers often pose as banks or lottery sweepstakes asking customers to contact them immediately. Do not reply and erase the message immediately.

Erase data from old phones completely. If you’re selling, donating or recycling your old phone, ensure all your data is completely erased and the phone is returned to factory settings.

As a Cheshire business owner, I am happy to share these important security tips with you! And when you have questions about buying or selling a home in Cheshire, CT, I will be here to help you! My team and I have the best in local market experience to help you succeed - contact us today!

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

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March 2013 Market Watch

by Sally Bowman Real Estate

March 2013 Market Watch for Cheshire CT

Cheshire Active Listings: There are a total of 119 properties actively on the market with an average list price of $462,695.



Cheshire Sold/Sale Pending: There are currently 52 properties with sales pending and 121 properties that closed in the past 6 months.  The average sold price for Cheshire is $354,074 and the average time on market is 81 days.



Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about four and a half months to sell all of the current active listings, without adding any new homes for sale.  

Data and charts based on the last 6 months, data provided by the Multiple Listing Services.

Sally Bowman
Sally Bowman Real Estate
Your Cheshire Real Estate Expert
Cheshire Homes

Find Sally Bowman Real Estate on Facebook
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Displaying blog entries 1-10 of 304

Contact Information

Sally A. Bowman Broker, Licensed in CT
Sally Bowman Real Estate, LLC
220 Old Towne Rd
Cheshire CT 06410
Phone: 203.272.2828
Cell 203.687.8026
Fax: 203.272.2702

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