New Haven & Fairfield County Real Estate Video Blog with Jonathan Carbutti

Spring Has Sprung in Wallingford and New Haven Counties

Looking to improve your real estate career? I'm here to help you make a smart decision when it comes to growing your business, improving your bottom line, and choosing a place to work in real estate sales. If you'd like to learn more about working with Carbutti & Co. Realtors, contact me at (203) 269-4910 or Jonathan@Carbutti.com.

The spring market is finally here. We are almost into our third week in March, but it feels like this active market started months ago. Houses are moving quickly, and buyers are out in full force. Across the board, the median list price in Wallingford and New Haven County is around $299,0000. Homes that are priced between $250,000 and $299,000 are moving the quickest.

"Now is the time to be setting up your marketing strategy."

If you are thinking about selling a house right now in the spring market and you haven’t spoken to a real estate professional yet, now is the time to be setting up your marketing strategy. If you have a home and are looking to sell, now is the time for us to come out to your property, take a look around, and give you an honest and realistic estimate of what your home would sell for. Now is the time to come up with a great marketing strategy so that we’re not leaving any money on the table.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We would love to hear from you!

Don’t Miss out on This Waterfront Property in Madison

We have a wonderful home available just outside of Madison, and it’s located on 2.6 acres of pristine marshland right next to the ocean. There is a hundred-foot private dock where you could park a 30-foot yacht or other boats.

The home fits in very well with the natural setting, and features a modern plan that is very open. There are lots of glass windows on the home as well, so it feels like you’re in constant contact with the elements. There is a main house that is 1,200 sq. ft. and it is compact yet cozy. It’s very similar to what you would find in a beach home.

There is also a small 1-bedroom guest house that could also be used as an office or an artist’s retreat. It could be converted into many different things.

It’s not uncommon to see deer, foxes, and other wildlife roaming around this property. This is amazing, considering that the home is only minutes from downtown Madison.

Please let us know if you would like to see 11 Salt Meadow Lane.

Other features include:

3 bedrooms, 3 baths

1,282 sq. ft.

Set on a 2.68 acre lot

Built in 1980

Private drive with waterfront access

We look forward to hearing from you, we think this property will be going fast!

There Is a Better Way to Sell

There are many great New Haven County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (203) 269-4910 x 12 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today’s post is geared more towards sellers, specifically sellers who have been on the market with little to no activity or offers and are wondering if there is a better way to sell your home.

At the end of the day, experience and reference points matter. We just had a situation where we had a seller who was listed with another agency, and believe the best offer she could possibly get was $270,000 and was ready to accept it. We spoke to this seller and explained to her that her home wasn’t being properly marketed, and we could get her an even better offer. Within 2.5 weeks, we had sold the home for $290,000.

The way we positioned and marketed that home made the difference in the sale. If you are thinking about selling your home now, or 6 months from now, we want to speak with you. Give us a call or send us an email, and we’ll get down there and take a look at your home and give you a professional estimate of what you could expect to sell your home for. We look forward to hearing from you!

Predictions for the 2016 Connecticut Real Estate Market

Connecticut real estate expert wants to know what you're interested in learning about for this year's market.

Although 2015 was a fantastic year, today, we have a few predictions about the market this year.

2016 will be a very busy year for the home buying and selling season. Interest rates are supposed to go up this year, and that increase will really drive the volume in the real estate market, as well as home values.

Many people think that when interest rates go up, home prices come down. Actually, the opposite is true. As interest rates rise, so will home prices. If you've been thinking about buying, now is the time to get into the marketplace before rates and prices increase!

Let's consider the following question: What real estate topics are you interested in? This year, my team and I want to focus on providing valuable information to our loyal clients. Simply reply to this email with any questions you want answered -- we have your back!

Finally, I want to thank you all on behalf of my team for your referrals in 2015. It was a record-breaking year for referrals, and we are truly grateful to all of you.

As always, if you have any questions, give me a call or send me an email. I would be happy to help you.

Tune in to ABC's and CNBC’s Shark Tank to see Jonathan with real estate magnate Barbara Corcoran

Tune in to ABC's and CNBC’s Shark Tank to see Jonathan side-by-side with real estate magnate Barbara Corcoran.

Corcoran is Shark Tank’s resident real estate mogul and a prominent self-made multi millionaire. She is now endorsing a select few of the best real estate minds in the country, Jonathan being included. Jonathan will appear in a commercial airing in several episodes throughout the season.

Jonathan's company, Carbutti & Co Realtors, is a dominant leader in the real estate industry, providing phenomenal service and expertise to a wide base of clientele in the New Haven and Fairfield area.

“To sell your home on time for the most money, you need a sharp agent with a marketing strategy that creates the most demand,” Corcoran said. “Bottom line, you need a partner willing to put their own money on the line for you …. Jonathan Carbutti knows how to attract the right kind of buyers and create so much demand that if your home doesn’t sell at a price and deadline you agree to, Jonathan will buy it!”

Corcoran is an iconic figure in the New York real estate scene and nationally known as the real estate contributor to the NBC TODAY show. She has invested in more than two dozen businesses to date on Shark Tank, and has written several well-received books including Shark Tales: How I turned $1,000 into a Billion Dollar Business.

Why Is Now the Time to Make Your Move?

Today, I want to talk to some of those buyers that are on the fence right now.

If you're on the fence about buying right now, you really shouldn't be. There is a ton of inventory in our market right now, especially for first-time home buyers. There are a lot of bank-owned properties and we're being flooded with HUD properties, which are priced perfectly for new buyers.

The best news of all is that interest rates are just incredible. I have some clients getting rates as low as 3.75% fixed with no points, and other clients getting 4-4.25% fixed without points depending on their credit, income, and job history. Long story short, rates are fantastic and you have a lot of options. FHA, CHFA, and VA loans are only a few examples of the many opportunities you have to lock in a low rate.

If you are thinking about buying but haven't yet spoken to a lending partner and gotten pre-approved, I urge you to do so as soon as possible. Our lending partners have some of the best programs in the state and some of the best rates around!

If you haven't yet gone out into the marketplace to take a look at some homes to see what you can afford for your money, don't hesitate to give me a call. I would love to sit down with you and pair you up with an expert agent and advisor who could take you out to the marketplace to find your dream home.

Ultimately, you're the only one who knows what you want; it's not our job to tell you what is right for you. However, it is our job to ensure the process goes as smooth as possible and that you get the best possible deal.

Where Is the Connecticut Market Heading?

October is here, so I thought it might be a good time to take a look at where the market has been over the last few months and where it might be heading!

The average days on the market are increasing here in Connecticut, as they are across the country due to school starting and the colder weather starting to take hold. In New Haven County, the median list price is around $260,099 and the market action index is at about 30.1.

In other words, it seems to be pretty even between inventory and the number of buyers in the marketplace. Some of the properties are sitting on the market a little bit longer, inventory is growing, and we will see less activity on the buying side as we get closer to the holidays, which is traditionally what happens.

If you're a seller right now, you're definitely going to get market value as far as price is concerned. Buyers are buying properties right now, but now is not the time to try and set a sales record for your given neighborhood by getting the highest price that's ever been had.

Buyers right now are very educated and are looking at a lot of the same information you're looking at. There is something to be understood about putting your house on the market: any house is going to get the most activity and the highest and best offer in the first couple weeks if everything is done right.

Keep in mind that there is a fine line between pushing the envelope on price, which we can definitely do, and overpricing your home. The last thing you want to do is cross that line and overprice your home, and that's really where the real estate professional comes in.

Right now, the most popular homes are four-bedroom/two-bathroom upgrader homes. There are a lot of first-time home buyers who bought a home five to seven years ago, they've outgrown the house, and they now need a bigger, four-bedroom home. Many of these people are looking now, as it's a great time to buy due to low interest rates.

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