blog | Dooley Real Estate
23 South Main Street |
Kent, CT 06757
TEL 860.927.3585 | FAX 860.927.3963
IF AT FIRST YOU DON’T SUCCEED…
the Schaghticoke’s hopes and Kent’s concerns
Early this summer,
the Bureau of Indian Affairs issued what it called
a “preliminary discussion draft” which
outlines changes to the existing tribal recognition
criteria. The proposed new criteria, which would substantially
lower the evidentiary bar, could have significant
consequences for Kent and Connecticut.
can we expect?
Kent, along with the neighboring towns of Sharon
and Sherman, will be conducting its required revaluation
of property this summer. Historically, real property
values increase significantly in the five years between
revaluations. This year’s revaluation, however,
comes at a time when property values have declined,
on average, by around 30 percent which is likely to
result in reduced assessments. So what can we expect?
permits does it take to build a tree house?
Years ago when our kids were young, their grandfather
sent them an article from Yankee Magazine entitled
“How to Build a Tree House for Under $100.”
He was surely thinking of the one he and his brothers
had built in a large dramatically forked maple back
in Bloomington, Illinois. The idea of an arboreal
hideout landed on fertile ground at our house. Soon
the three young builders in the family were scouting
promising trees and drawing plans.
Churchill and the Market
Now is not
After the first British land victory of World
War II at El-Alamein in Egypt, Winston Churchill famously
said: “Now this is not the end. It is not even
the beginning of the end. But it is, perhaps, the
end of the beginning.” Not to conflate the cost
in lives and national treasure of the war with the
economic collapse that began with the fall of Lehman
Brothers in September of 2008, but the lingering recession,
the greatest since the Great Depression, has been
rest your head on Zillow
We have written a lot in the past year about
the importance of having a carefully derived estimate
of value of your real property before listing it for
sale. Pricing your house on the basis of the list
prices of similar homes may seem rational, but if
all of them are priced at levels that prevailed a
year or more ago, you may simply be adding to the
growing number of unsold homes that have grown stale.
in Today's Market
they mean when estimating market value
It is generally recognized that the most reliable
way to determine the value of one’s real estate
holdings is to commission a formal appraisal. We,
as brokers, are often asked to prepare valuation reports
or CMA’s (comparative market analyses). The
value estimated in either an appraisal or a CMA should
be understood to be the value as of the date of the
report. But what if the market is moving rapidly in
one direction or the other?
THINGS TO CONSIDER
If you want
or need to sell in today's market
There is no number more slippery, or more important,
than the actual current market value of your home.
Whether you would simply like to sell and move on,
or whether your financial circumstances are requiring
you to sell, it’s critical that you have an
accurate understanding of the current value of your
property and list it accordingly.
Lead Law Complicates Home Renovation
put on the spot...Renovation costs likely to rise...
New federal regulations concerning safe lead
based paint practices went into effect, coincidentally
or not, on Earth Day last week (April 22nd), complicating
the lives of contractors and owners of homes built
before 1978. New rules will require virtually all
residential contractors be certified in and follow
safe, and likely more costly, renovation practices...
Condition Disclosure Report
The Law of Unintended Consequences
It's been over ten years since the Connecticut
legislature adopted a law (Sec. 20-327b-1) requiring
sellers of residential property to provide what is
known as a Property Condition Disclosure Report.
Most of us in the business have assumed that sellers
have very little liability in providing honest disclosure
reports. That assumption has been called into question
by a recent Superior Court case.
Natural and Cultural Riches of Kent, CT
The Kent Conservation Commission published the
first edition of its Natural and Cultural Resources
Inventory (NCRI) this week. We picked up a copy the
other day and found ourselves mesmerized by the stories,
old photographs and facts it contains about our town.
The culmination of over five years of data collection,
research, writing and editing, the book is a trove
of interesting information.
John's Peak at Kent
In the mid-1980’s,
the 500-plus acre tract that eventually became the
St. John’s Peak at Kent subdivision was a wild,
seldom-visited place beyond the ends of two abandoned
town roads. It was owned by two men from Bridgeport,
Norman Parsells and Newman Marsilius, who bought it
in 1958 for $21,000 to use as a hunting and camping
Connecticut's PA 490 Explained
PA 490 was pushed by the Connecticut
legislature and passed in 1963. The intent was to
provide property tax relief for the owners of farms,
forests, and open space. It was meant to prevent the
owners from being forced to sell because of taxes.
Does your land qualify and what
are the savings?