New Listing: 18 Wauwinet Court, Guilford CT 06437

by Wayne Harriman on April 27, 2017

18 Wauwinet Ct, Guilford, CT

Just Listed

Presented By:

CT Property Sisters

Harriman Real Estate LLC
203-710-9895
Office: 203-672-4499

Logo

$ Click for current price
2 BEDROOMS | 2 (1 full, 1 half ) BATHROOMS | 1072 SQUARE FEET

Don’t miss out on this opportunity to own in Guilford. Located in the serene setting of north Guilford, just off of route 77 and minutes from Quonnipaug Lake, 18 Wauwinet Court is a townhouse style condo offering 2 beds, 1 and 1/2 baths and a large master bedroom. There is ample storage, washer and dryer on the main level and lots of natural light coming through.

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Church of the Resurrection Carnival 2017

by Wayne Harriman on April 21, 2017

Post image for Church of the Resurrection Carnival 2017

Church of the Resurrection Carnival 2017

Everybody loves it when the carnival comes to town!

Once again, Wallingford’s Church of the Resurrection is sponsoring their annual carnival April 26th through the 29th in the parking lot adjacent to the church. The weather forecast for the four day event is mostly cloudy with a 20% chance of rain on Wednesday, partly cloudy on Thursday, Friday and Saturday, with temps ranging from 67 to 77 degrees. But regardless of the weather, everyone will enjoy the fun, games, rides and great food that always accompanies this much anticipated first carnival of the season!

The venue will open nightly at 6pm and features a midway with more things to do than you can shake a stick at! Some of the fun to be had includes games of skill, chance and just plain old luck (NOTE: must be 18 years or older to play games of chance), rides for young and old including a Ferris wheel, roller coaster, and a Fun House.

Let's take a walk through the Fun House!

The first two days are themed as Italian Night on Wednesday, and Polish Night on Thursday, complete with music. Some of the ethnic treats that will be offered are:

Italian Night

  • Porchetta
  • Homestyle Cannoli
  • Pasta Fagioli
  • Eggplant Parmesan
  • Ewandi

Polish Night

  • Stuffed Cabbage
  • Kielbasa & Kraut

Other foods available will include clam chowder, hot dogs, hamburgers, cheeseburgers, french fries, fried dough, eggplant parmesan, Philly cheeseteaks, and clams on the half shell (with Budweiser on tap while supplies last). There will be plenty to satisfy your sweet tooth, too, with delights such as ice cream, carrot cake and canolli to be had. And of course, the obligatory refreshments will also be available in the form of coffee, iced tea, soda, water, beer, wine, lemonade and hot chocolate.

Last but not least, there will be raffles big and small, and plenty of games and rides for kids of all ages, with a $20 wristband for rides available each night.

Church of the Resurrection, 115 Pond Hill Rd, Wallingford CT 06492

There’s always something to do at this fun-filled extravaganza; we’ve gone every year and we never fail to have a great time and we NEVER leave hungry! So if you’re looking for something to do April 26th – 29th, look no further than the Church of the Resurrection Carnival, 115 Pond Hill Road in Wallingford. There’s plenty of free parking and admission is free too, so come on down!

Church of the Resurrection Carnival 2016

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Art Open House – Moran Middle School 3D Art Class

by Wayne Harriman on December 16, 2016

Moran Middle School Art Open HouseAs you know, it is our pleasure to feature the work of local artists on our “Wallingford Inspires…” art wall throughout the year, sometimes solo artists, sometimes a group of artists. This time around we have had the pleasure of featuring the work of a very talented group of artists: the students of Mrs. Bialczak’s 3D art class at Wallingford’s Moran Middle School.

The students were assigned to design and create a building using a shallow box as a starting point, and they could make either a residence or a business. Proportions of doors and windows and the number of floors was discussed, as were the facades of each building so that was some variation from the shape of the box. Then came the paint and individual details that would set the structure apart from its neighbors. Once you see them I think you’ll agree they did a fantastic job!

As we do with all our artists, we are holding an art open house for the Moran Middle School 3D art class so everyone can come in and see their amazing creations. Read on for details…

When: Tuesday, December 20th 2016

Hours: 5:30PM to 7:00PM

Where: Harriman Real Estate LLC office, 116 Center Street, Wallingford

Who’s Invited: Everyone!

Who to contact: Pat Harriman, 203-605-3873

We hope you will join us at Harriman Real Estate, LLC to enjoy the amazing artwork Mrs. Bialczak’s 3D art class. Class members will be there to greet guests, and light refreshments will be provided. See you there!

Moran Middle School Art Open House

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Building Your Family’s Wealth Over the Next 5 Years

by Wayne Harriman on December 13, 2016

Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Building Your Family’s Wealth Over the Next 5 Years | Simplifying The Market

Since the experts predict that home prices will increase by 4.0% this year alone, the young homeowners will have gained over $10,000 in equity in just one year.

Over a five-year period, their equity will increase by over $43,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, let’s get together to find out if you are able to, today!

Source: KCM Feed

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Home Prices: Where Will They Be in 5 Years?

by Wayne Harriman on December 12, 2016

Home Prices: Where Will They Be in 5 Years? | Simplifying The Market

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.

Home Prices: Where Will They Be in 5 Years? | Simplifying The Market

The prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.

Home Prices: Where Will They Be in 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.

Source: KCM Feed

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Americans Are on The Move [INFOGRAPHIC]

by Wayne Harriman on December 9, 2016

Americans are on the move, leaving some states and moving to others. Check out this infographic to see how your state stacks up!

Americans Are on The Move [INFOGRAPHIC] | Simplifying The Market

 

Some Highlights:

  • For the 4th year in a row, the Northeast saw a concentration of High Outbound activity.
  • Oregon held on to the top stop of High Inbound states for the 3rd year in a row.
  • Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.

Source: KCM Feed

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Will Increasing Mortgage Rates Impact Home Prices?

by Wayne Harriman on December 8, 2016

Will Increasing Mortgage Rates Impact Home Prices? | Simplifying The Market

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases.

However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.

Here is a graph showing what actually happened:

Will Increasing Mortgage Rates Impact Home Prices? | Simplifying The Market

Last week, in an article titled “Higher Rates Don’t Mean Lower House Prices After All, the Wall Street Journal revealed that a recent study by John Burns Real Estate Consulting Inc. found that:

“[P]rices weren’t especially sensitive to rising rates, particularly in the presence of other positive economic factors, such as strong job growth, rising wages and improving consumer confidence.”

Last week’s jobs report was strong and the Conference Board just reported that the Consumer Confidence Index was back to pre-recession levels.

Bottom Line

We will have to wait and see what happens as we move forward, but a decrease in home prices should rates go up is anything but guaranteed.

Source: KCM Feed

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Selling in the Winter Attracts Serious Buyers

by Wayne Harriman on December 7, 2016

Selling in the Winter Attracts Serious Buyers | Simplifying The Market

A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.

It’s no surprise that listing a home for sale during the spring saw the largest return, as the spring is traditionally the busiest month for real estate. What is surprising, though, is that listing during the winter came in second!

“Among spring listings, 18.7 percent of homes fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”

The study goes on to say that:

“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that can make the sale much smoother.”  

Bottom Line

If you are debating listing your home for sale within the next 6 months, keep in mind that the spring is when most other homeowners will decide to list their homes as well. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking now!

The study used the astronomical seasons to determine which season the listing date fell into (Winter: Dec. 21 – Mar. 20; Spring: Mar. 21 – June 20; Summer: June 21 – Sept 21; Autumn: Sept 21 – Dec. 20).
Source: KCM Feed

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When Is a Good Time to Rent? Not Now!

by Wayne Harriman on December 6, 2016

When Is a Good Time to Rent? Not Now! | Simplifying The Market

People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

When Is a Good Time to Rent? Not Now! | Simplifying The Market

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with the decision of whether you should renew your lease or not, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s get together to determine if you are able to, today!

Source: KCM Feed

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4 Reasons to Buy Your Dream Home This Winter

by Wayne Harriman on December 5, 2016

4 Reasons to Buy Your Dream Home This Winter | Simplifying The Market

As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring!

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates are Projected to Increase

Your monthly housing cost is as much related to the price you pay for your home as it is to the mortgage interest rate you secure.

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage are currently at 4.08%. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way You’re Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Source: KCM Feed

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