Linda Raymond Real Estate Blog, Fairfield, Westport & More

Fairfield & Westport living- homes, fun stuff & more!


Leave a comment

Neighborhood Safety Tips for Open Houses

We all love open houses.  Open house events have many virtues, but what you may not know is that they also come with some risk.

Open houses offer the perfect chance for buyers to start looking for a new home and getting a feel for what’s available.  Open houses help sellers gain exposure for their property in the marketplace.  And they are an opportunity for buyers and sellers to meet Realtors they may want to work with for their next move.

But there is a risk.  While promoting the property and the open house event, Realtors are also promoting the fact that they will be alone in a house at a specific address, date and time.  This leaves an opportunity for people who may have ulterior motives.  Some people visit open houses with the intent of theft of valuables or prescription medications. Others may have assault in mind.

Open House Safety

There are educational programs for Realtors to help them prevent potential dangers and know what to do if the unthinkable were to happen.  The photo shows the Fairfield police captain and an officer delivering a training session to agents at the William Raveis Real Estate office in Southport.  Some of the information pertains only to the person hosting the event, but there are important open house safety tips that guests and neighborhood residents should be aware of.

Most of us would agree that it’s important for everyone to contribute to a safe neighborhood.  Open houses are an integral part of neighborhood activities.  So we all need to take watch, especially during these community events.  Please keep the following safety tips from the police in mind.

 

  1. First and foremost is to be aware of your surroundings.   As a neighbor, you may see open house signs quite often. Try to be aware of the activity during the open house near you.  Does it seem typical?
  2. Does anything seem “not normal”?  If something stands out to you as out of the ordinary, take notice.  Are there too many people in that car?  Did the car park much further away from the open house than needed?  Does something seem odd? Not normal?
  3. Trust your gut.  Whether you are participating in an open house event or are a neighbor observing from across the street, if something just doesn’t feel right, it most likely is not.  If you assume wrong and err on the side of cautiousness, no harm is done, right?
  4. Take actionIt’s best to park on the street when you attend an open house if possible so that you won’t be blocked in. If you are in an open house and don’t feel safe, try to exit right away.  Go outside, call 911 and immediately provide the address.  If you are a neighbor and notice that something is not right, call 911, or if you feel it is not urgent, call the police and ask them to drive by.  And last, but not least, if you see a frightened Realtor heading toward your house, please let them in!

Open House, Welcome!

We can all work together to keep our neighborhoods and our open houses safe and enjoyable.  For more information on this topic or to discuss your moving plans, please send a note using the form below.

 

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSaveSaveSave

SaveSave

SaveSave

SaveSave

SaveSaveSaveSave

SaveSave

Advertisements


Leave a comment

Top 10 Reasons You Want This House: 6 Hillandale Lane, Greens Farms Westport CT

If you’re in the market for a new home in Westport Connecticut but aren’t sure which one’s right for you, here are the top 10 reasons this may just be the best new construction in town!

6 Hillandale Lane, Westport CT

6 Hillandale Lane, Westport CT

  1. Location, location, location!  (Okay, that’s three, but we’ll only count it as one!).  Situated just around the corner from the Post Road and right off prestigious Turkey Hill South near Martha Stewart’s previous residence, 6 Hillandale Lane is a prime location.  A protected wooded space buffers the property from any sites or sounds from the Post Road, yet the convenience to all the local amenities is there.  The home is also just four minutes from Greens Farms Station and 10 minutes from Saugatuck Station.  It is minutes from renowned Greens Farms Academy, Burying Hill Beach and the vibrant downtowns of both Westport and Fairfield.

    Greens Farms Station

    Greens Farms Station

  2. Neighborhood – The homes on Hillandale Lane each have a unique character and style.  Each is sited differently on its lot with attractive complimentary landscaping.  The neighborhood is lovely with residents of all ages and includes numerous multi-million dollar homes.
  3. Schools – People relocate to Westport from many places for the sought-after top-notch schools.
  4. Setting – Hillandale House is truly the centerpiece of the cul-de-sac on Hillandale Lane.  It has a commanding yet gracious presence from both Hillandale Road and Hillandale Lane.  At the same time, the home is tucked into the scenic private property and graced by a blend of skillfully designed and nature’s best landscaping that delivers the feel of country living. 6 Hillandale Lane Romantic Setting
  5. Views –  This special romantic setting extends its bonus to the indoors, offering stunning views of natural beauty from every room!
  6. Design – The home exhibits transitional style maintaining a timeless traditional silhouette while adding an upscale modern edge.  Windows are positioned to invite maximum natural light and scenic views.  Materials are top of the line and state of the art, such as Caesarstone countertops that are virtually indestructible, and epoxy flooring in the garage that resists dust, protects the slab, and looks super cool!
  7. Construction Team –  Coastal Construction has been building homes in Westport since 2003 and has built more than 80 luxury homes in Fairfield County. They have fine-tuned the art of quality home construction by providing careful attention to site design, layout, architecture, craftsmanship and the right location.
  8. Use of space –  The design team knows how people like to live.  So they incorporated the perfect blend of open-flow, separate private areas, and spaces for convenience. That’s why the Kitchen with large island with seating is open to the Great Room and the Breakfast Area. 6 Hillandale Ln Kitchen The Breakfast area is spacious enough to fit a dining room sized table and looks out to the backyard and patio.  This open-flow area offers many options for casual dining and entertaining.  The Formal Living and Dining Rooms offer a more intimate ambiance. The Mudroom features a walk-in pantry, walk-in closet and Powder Room for additional utility.  Four bedrooms reside on the second floor, and an additional bedroom with full bath is situated on both the third floor and walk-out lower level.  This provides privacy for various sleeping quarter arrangements.  6 Hillandale Ln Terrace from PatioThe walk-out lower level also includes a private zen-like Garden Terrace offering another separate sanctuary.  If a pool is added, this terrace also serves as access to the full bathroom downstairs. The well-thought-out design offers something for everyone and every occasion.
  9. Garage – Perfect for organizing your extra toys, furniture, bonus fridge, etc. this garage offers an extra half-bay for all your stuff.  With a door into the Mudroom off the Kitchen and a door straight to the backyard, this is the ideal hub to keep the fun times coming.  Did I mention the super cool epoxy floor?6 Hillandale Ln Garage
  10. Great backyard – If you crave a property that has both utility and undisturbed beauty, this is your place.  The backyard is wide, level, dry and fabulously scenic with a lovely wooded barrier, unlike the contrived, rigidly rectangular yards that snugly abutt their neighbors.  The pool can go just outside the walkout lower level with full bath.  The patio is the platform for enjoying a meal or watching the backyard happenings.  Whether you invite your friends or keep it to yourself, this is the perfect backyard for playtime and relaxation time alike. 6 Hillandale Ln Back Yard

If you would like more information about this property, please submit an inquiry below.  

SaveSave

SaveSave

SaveSaveSaveSave

SaveSaveSaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave


Leave a comment

What Makes Your House a Home?

From the time you awake, until the time you call it a day, you carry out a pattern of activities that make up your lifestyle.

Elegant Breakfast Nook

Your house is your place of coming and going, of greetings and goodbyes, of good mornings and good nights.

Your routine may be rushed and hectic at times. At other times you may have periods of intense focus or moments of calm, harmony, and serenity.

You settle into your surroundings and set your house up to be comfortable for yourself, your family, and your friends. You decorate your house to reflect your style, tastes, interests, and passions.

Dining Room with Center Piece

You work hard and play hard. Your house is your base for productivity, security, privacy, and recharging.

Zen-like Home Office

Serene Master Bedroom

Comfy Family Room

Your house is the place you cherish, where you feel safe and sound, sometimes happy, other times sad; where you celebrate, gather together, share, work, create, cook, decorate; where you can love and be loved; where you live, grow, rest, dream, and at times sort through the chaos that life often throws at you!

 

Mudroom with Elegant Bench Cushions

Your house becomes an extension of all that you are.  And you become an extension of your house, making it complete. Without you, your house is merely a shell awaiting your energy, chemistry, creativity, excitement, and passion.

Stunning Designer Kitchen

What makes your house a home? You do!

This stunning house at 6 Hillandale Lane is awaiting completeness from you. Come home to 6 Hillandale Lane. There’s no place like home!

6 Hillandale Lane, Greens Farms, Westport CT

Please use the form below for questions, comments and showing requests!

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

Wasted time costs you money


1 Comment

Choosing A Real Estate Attorney

Many people come to their Realtor with an attorney already on board.  They figure the attorney is of no concern to their agent thinking that if they know the attorney or have dealt with them before, that lawyer is the best option.  They may think a recommendation from a friend covers all the bases.  Besides price, most people haven’t considered the critical factors below about the attorney they hire to successfully close their real estate transaction.

Here’s a Top 10 List of questions you should know the answer to before bringing your attorney on board-

  1. Does he play well with others?   There are real estate attorneys that give their egos priority over their fiduciary responsibility to their clients.  These lawyers may decide they don’t like the lawyer on the other side of the transaction and deliberately try to kill your purchase or sale as an assault on that attorney. Play well with others?Your Realtor may have worked patiently and tirelessly to successfully negotiate optimal terms for you thus far only to then work triple-time behind the scenes to keep your purchase or sale together because the attorneys are fighting. You may know nothing about this unless your sale falls through because of it. You want to work with a lawyer that relates professionally with all parties in the transaction at all times, or they are counter-productive and doing you (and everyone else involved) a disservice.
  2. Does she know the new TRID lending regulations?  There are new lending regulations that require a three-day period before closing for the buyer to review all the final numbers compiled by the attorneys. This requires attorneys to be well organized and proactive in compiling the credits, debits, and allocations of taxes, insurance, oil deliveries, etc. earlier than before. There are also new forms they need to be familiar with.  If your lawyer is not up to speed with the new regulations, your closing can be significantly delayed at the last minute as a result.
  3. Is he overly chatty or verbose, adding to your bill?  I have worked with attorneys that have kept me on the phone for almost half an hour every time they called and then complained about all the extra time they are spending on the case, stating that they will have to bill for it. I’m sure this is not what you want.Wasted time costs you money
  4. Does he communicate effectively with you, your agent, the lender and the other attorney? There are attorneys that act like it’s beyond their scope of work to communicate effectively with the other parties in the transaction.  Some barely respond to calls or emails at all! Communication is a critical component in your purchase and sale because the lender, the two Realtors, and the two attorneys have a huge amount of detail to coordinate in order to keep your sale on track. entrepreneur-1001611__180 If any of the players is “missing in action” it prevents the process from progressing efficiently, and critical information can fall through the cracks.
  5. Does she specialize in real estate?  If your attorney focuses more on criminal law, divorce or other areas besides real estate, you can end up with an attorney that is in court or unavailable when you need them at a critical time. Specialized in real estate
  6. Is he familiar with the local regulations and practices? You want to be sure your attorney is knowledgeable about the local area of the home you are buying or selling. The process and attorney responsibilities can vary from county to county.  There may also be issues that arise about boundaries, zoning regulations, permits or other things specific to your town that your attorney will need to know about.
  7. Does he have a paralegal?  Many attorneys diversify their workload to include more lucrative endeavors than real estate closings.  This is fine for you as long as they have a paralegal and/or partner in his practice to keep everything on track when he is focused elsewhere.  Otherwise, you and everyone else involved in the transaction can sit ‘dead on the vine’ waiting for a critical response or document.Paralegal or partner?
  8. Is he efficient? Some attorneys are content with creating delays and taking their time to get things done. Efficient?Ask any lender or real estate agent what’s important about an attorney, and they will tell you efficiency (second to good communication)!  The entire transaction is on the clock from the moment an offer is accepted.  The attorney must send and receive the contract in the allotted timeframe and then get it to the lender. They must complete a title search and address questions and concerns in a timely fashion, and they need to prepare all the closing documents on time, or your closing could be postponed.
  9. Is she versed in your areas of specific concern? If you know your transaction will involve added elements of complexity, you want to be sure your attorney can still handle it with ease. For example, if you are moving out of state, coordinating a purchase and sale or pursuing a short sale, run this past your agent and potential attorney up-front to assess their experience and comfort level.
  10. Has your agent recommended him? Last, but not least, the most thorough insight you can get on your would-be attorney is from your Realtor.  Thumbs upMany of the questions above are not ones you can easily get answers to by interviewing the attorney directly or even from a friend who’s used her. If your agent hasn’t worked with the lawyer directly, he or she can ask other agents how well that attorney served his client and worked as a team player for a successful transaction. Your agent’s only interest in the attorney you hire is to get a solid team member on board to help ensure a smooth move for you!

Is there an attorney you are considering that you would like feedback about?  Have you had a good or bad experience you would like to share?  Is there something you would add to the list above? Your questions and comments are welcome below.

 


3 Comments

Nothing Like a Great Back Yard on a Holiday Weekend!

My own backyard in the Fairfield beach area is one commonly referred to as a ‘postage stamp’, though it still manages to accommodate our trampoline and numerous get-togethers.  However, some good friends of mine in Westport have a much more spacious backyard with abundant space for fun, games and big-time bashes.  We’ve been to quite a few, with the latest one being Memorial Day weekend 2016!

Hillandale Back Yard and Patio

It turns out, these friends have just moved their social agenda to another gorgeous yard (and home) nearby.

New Home, New Back Yard!

The good news for all of you readers out there is that the wonderful backyard my friends have left now has a brand new house on it that will be ready to support a new source of festivities!

Tucked away just off Turkey Hill South, a new home sits on a quiet country lane cul-de-sac. Carefully designed and finished on four levels, this home will feature elegant transitional style with open flow and ethereal light. Romantic landscaping and plantings surround the level property making it super for entertaining, fun in the sun, and peaceful relaxation.  It is the Hillandale House.

6 Hillandale Lane, Westport CT

6 Hillandale Lane, Westport CT

The builder, Coastal Construction Group, has fine-tuned the art of quality home construction by providing careful attention to site design, layout, architecture, craftsmanship and the right property location. As we all know, a home is more than just the place we live, it’s the foundation for everyday living.  Added bonus?  This home is located four minutes from Green’s Farms station and under an hour from Manhattan!

Take a look at the sneak peek video, and visit the listing online and check out a snapshot of the progress!  Perhaps you know someone who has been weighing the options of renovation versus new construction and this may be a consideration?  If you or a friend may be interested, reach out to me at 203-912-4440 or send a note below.

In the meantime, whether it’s Memorial Day, Father’s Day, a graduation party, or just plain summer fun, here’s to a great backyard barbecue!

 

SaveSave

SaveSave


2 Comments

Save Money, Have Fun, Do a 1031!

If you own an investment property and are thinking of selling it to buy a different one (or two), you can do a 1031 Exchange and enjoy great benefits!  What’s so great about it, and how do you do it?

 

Here’s how it works-

  1. With IRS code 1031, owners can defer paying all capital gains on investment smart ladyproperty. This means that if you own property used for business or investment, you can sell it and use the proceeds from the sale to reinvest in another investment property of greater or equal value to avoid paying taxes.
  2. You have to declare that you are doing a 1031 Exchange before you close on the sale.
  3. You have to meet the 180-day rule: Investors have 180 calendar days to complete the exchange and close on all intended purchases.
  4. You have to meet the 45-day rule:  Identify up to three possible replacement properties within the first 45 days of the 180 day period. You can also sell multiple properties and buy one big property.   If you identify more than three properties, the total cost of the identified properties can’t be more than twice the value of what you are selling.  If you identify more than three properties and they end up totaling more than 200 percent of what you are selling, then you have to buy 95 percent- worth of the properties you identified in order to complete the exchange. Your replacement property must cost more than the net sale price of your existing investment property. Identify 3 Properties
  5. You Must use a Qualified Intermediary (QI) to facilitate the 1031 exchange.  The QI takes care of everything for you including preparing the exchange agreement, handling escrow, and coordinating with the closing agents.  The QI must be a third party to the transaction.  He or she can’t just an attorney or Realtor in the transaction that puts the sale proceeds and funds in an escrow account, nor can the QI be a relative. These are IRS regulations.

And here are six amazing benefits of doing 1031 Exchanges-

  1. You enjoy huge savings on taxes.
  2. You can shelter your earnings in real estate, legally!
  3. You can diversify or consolidate your investment property.
  4. You can gain buying power by reinvesting.
  5. You can create more income to build your wealth.
  6. There’s no limit to the frequency or quantity of 1031 exchanges you can do.

Consider an “equity build strategy” suggested by the Midland company (referenced below) that looks like this:

  • Defer paying up to 25 percent in taxes on your gains.
  • Sell a moderately producing property to buy a higher income-producing property and increase your monthly income.
  • Pay no federal, state, capital gain, or income taxes on the sale of the property.
  • Do 1031 exchanges over and over for a lifetime, and the tax liability will never be passed on to your heirs.
  • Base your strategy on cash flow, and you will have success in any market. The key is to get the highest percentage income on your purchase.  Even if the dollar amount is small, it will grow over time.  For example, if you can sell a property making seven percent cash-on-cash and buy a property that makes 23 percent cash-on-cash, you are well on your way to implementing an excellent equity build strategy!  Equity bulid strategy

It’s a good idea to use a QI that is local or that works in many states and is familiar with the varying regulations and taxes in different states. You want a QI that has experience and is bonded and insured. You also want to look for one that is a member of the National Federation of Exchange Accommodators and that is a Certified Exchange Specialist (CEC).

Here are some resources to get you started:

1031 Exchange Made Simple

Midland Self-Directed IRAs & 1031s

For help selling and locating properties, please reach out to yours truly!

 


Leave a comment

Winter Open House Tips: Excite, Delight & Invite!

Many people believe that winter is the hardest time of year to try and sell their house. While it’s true that sellers can’t showcase their colorful warm-weather landscaping, there are plenty of other things you can highlight.

The good news about selling in the winter is that the people out looking are typically very serious buyers with a clear timeline in mind for purchasing a home.  Add to this the benefit of less competition to deal with as other sellers wait for the crowded spring market.

One key marketing activity is to hold an open house.  What can you do to make an endearing impression of your fabulous house that offsets any winter doldrums?

Make prospective buyers feel like welcome guests and present your house as though you are hosting a special gathering for family and friends. While your agent highlights all the selling points, the special effort you make will give an enchanting edge toward a special intangible attraction you want buyers to feel that I like to call chemistry!

Start by planning ahead as you would for a big party.

Excite with Winter Curb Appeal
Let buyers see from the street what a warm, charming, romantic and inviting place this will be when they come in.

Consider ideas like a planter or two with colorful evergreen plants and branches, window boxes or hanging baskets.

Winter window box

Image credit: Lea-Ann Vernig

Elegant winter planters

Image credit: settingforfour.com

 

 

 

 

 

 

Charming winter porch display

Image Credit: HGTV

A bench or trellis can add a nice focal point and polished look to an otherwise bare area.  A brightly colored chair and new welcome mat can go a long way toward creating a fresh look. Here are some photos of welcoming winter homes and a historic winter home for further inspiration.

Romantic winter home

Image credit: insidearciform.com

If there’s snow on the ground, a well-shoveled driveway and path are an absolute must. The last thing you want to do is make visitors feel like it’s a treacherous hardship to get to your house, or worse, let them risk injury.  If parking is tight, clearing some space along the street is also a good idea.

Of course, an adorable snowman fully adorned with your most innovative accessories, and maybe an open house sign can help to set the tone!  Consider leaving some outdoor lights on for an added welcoming glow on an overcast day.  On a practical note, you may want to have a basket of booties inside the front door to keep your house clean.

Make it Delightful and Warm Inside
Think about what makes you feel warm and fuzzy when you visit a friend’s house for a winter get together and aim to delight all the senses.

Light a fire in the fireplace or light candles (real or artificial) on a dining room table and in the bathrooms, simmer apple cider with cinnamon on the stove. play some nostalgic music.

Festive fireplace with candles

Image credit: HGTV

Implement some whimsical touches, such as displaying a card game, a recipe book for creative holiday drinks or hanging brightly colored winter scarves or hats on hooks in a mudroom.

If it’s the holiday season, display festive touches with glass, silver, and natural materials for an elegant, romantic look that will have the broadest appeal. Avoid commercial decorations and religious symbols that may distract, turn off or offend some people.

Use photos to showcase key features of the home that may be hidden during the winter such as colorful gardens, scenic views, a furnished deck or patio or beautiful pool.  Show pictures of the house across all seasons.  This can be done with an open photo album or by framing and hanging a few beautiful photos around the house.

Invite the Guests!
Last, but not least, with your preparations under way, your agent can feel confident about promoting your wonderful open house.  They can get the word out near and far with an ad in the paper, special door-hanger invites to the neighbors to come for the first hour, posts to all the social media platforms like Facebook, Twitter, Google+, Instagram, LinkedIn, a published Event on Facebook to which guests can be invited, the date published on all the real estate websites and the MLS, a bulletin in your town’s local Patch.com and on your agent’s blog, and of course, plenty of  signs leading the way!

If you wonder about the benefits of having an open house, take a look at the discussion of “Open House Pros and Cons” and feel free to leave a comment on the page.

If you have more ideas for hosting a magical open house, please share them below!

CT Post Open House Tips Article