Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 16, 2021

You can't buy happiness but you can buy a summer home

Everyone who says you can't buy happiness clearly never owned a summer home (because that is pretty dang close). 🤣

Looking for a beach house, mountain house, ski chalet? Let’s talk! I have an extensive network of top agents that I work with all over the globe. I would love nothing more than to help you find your "happiness"! 

Send me a message and let's get started!

#miguelpagan #miguelpaganre.com#realestate #househunting #realtor #home #newhome #investment #property #housing #forsale #realty #listing #homesale #broker #homesforsale #realtors #justlisted #fha #properties #wanttomove #milliondollarlisting #homebuyers #refinance #prequalify #newhomeowners #renovated #financing #purchase

Posted in Real Estate Blog
July 15, 2021

Preparing your home for the market

So you've decided you're going to sell your home. Congratulations! Your first task should be 𝗽𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁.⁣

Every seller wants their home to sell quickly, and for top dollar, but it takes more than luck to make this happen. As you welcome potential buyers into your home, you want to leave a lasting impression, and you can do this by planning ahead and getting your home ready to sell. 

Here are a few things that you can do to prepare your home for the market (that won't break the bank!):

𝟭. 𝗖𝗹𝗲𝗮𝗻, 𝗱𝗲𝗰𝗹𝘂𝘁𝘁𝗲𝗿, 𝗿𝗲𝗽𝗲𝗮𝘁.

There is nothing worse than walking through a dirty home. Deep clean everything (or have a professional come in), and declutter your home before you even have the listing photos taken. This is what I call "the first move". Go through everything and decide what you want to keep, trash, or donate, and get a storage space if necessary. 

𝟮. 𝗠𝗮𝗸𝗲 𝗺𝗶𝗻𝗼𝗿 𝗿𝗲𝗽𝗮𝗶𝗿𝘀.

In a seller's market, you can sell a home in "lived-in" condition without much complaint, however, in normal markets repairs can make or break a sale. If you want to do one better, get a pre-listing home inspection, and make any large repairs.

𝟯. 𝗨𝗽𝗴𝗿𝗮𝗱𝗲 𝘆𝗼𝘂𝗿 𝗰𝘂𝗿𝗯 𝗮𝗽𝗽𝗲𝗮𝗹.

Refresh the yard, add new mulch, and power wash anything that is needed. This is the buyers' first impression, and you want it to be a good one and entice them to come inside!

𝟰. 𝗧𝗼𝘂𝗰𝗵 𝘂𝗽 𝗮𝗻𝗱/𝗼𝗿 𝗿𝗲𝗽𝗮𝗶𝗻𝘁.

Most people can't see past a bad paint color, so if you have any bold or bright colors, go buy some white or eggshell and paint over it. Neutral colors appeal to a wide range of tastes and preferences, and a fresh coat of paint can go a long way in making a home look clean and full of possibilities.

Before you spend any time or money on home improvements, reach out to me. I know what buyers want, and what upgrades will give you the highest return on investment and appeal to the most buyers.

#miguelpagan #miguelpaganre.com#realestate #househunting #realtor #home #newhome #investment #property #housing #forsale #realty #listing #homesale #broker #homesforsale #realtors #justlisted #fha #properties #wanttomove #milliondollarlisting #homebuyers #refinance #prequalify #newhomeowners #renovated #financing #purchase

Posted in Real Estate Blog
July 14, 2021

Looking for a contractor, plumber, electrician? I can help!

Plumbers, electricians, landscapers - the list of contacts you need to maintain your home can seem endless! From tax appeal questions to contractor recommendations, and more – I am here as a resource for all things home! ⁣𝘐 𝘩𝘢𝘷𝘦 𝘢 𝘵𝘦𝘢𝘮 𝘰𝘧 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘐 𝘵𝘳𝘶𝘴𝘵 𝘢𝘯𝘥 𝘸𝘰𝘳𝘬 𝘸𝘪𝘵𝘩 𝘥𝘢𝘪𝘭𝘺, so never hesitate to reach out for recommendations (or even if you just need help picking a paint color!)

Believe it or not, a lot of realtors don't keep in touch with their clients once they have settled on their home, but I believe in doing things differently. I love that I get to be a small part of someone's story, and help guide them through one of the biggest decisions of their life. So often I become very close to, and great friends with my clients. My goal is to be your trusted adviser and resource for life. Whether it is home-related or not, I am here to help. 

#miguelpagan #miguelpaganre.com#realestate #househunting #realtor #home #newhome #investment #property #housing #forsale #realty #listing #homesale #broker #homesforsale #realtors #justlisted #fha #properties #wanttomove #milliondollarlisting #homebuyers #refinance #prequalify #newhomeowners #renovated #financing #purchase⁠

Posted in Real Estate Blog
July 13, 2021

Closing cost you need to budget for

𝐋𝐞𝐭'𝐬 𝐭𝐚𝐥𝐤 𝐚𝐛𝐨𝐮𝐭 𝐜𝐥𝐨𝐬𝐢𝐧𝐠 𝐜𝐨𝐬𝐭𝐬.

When purchasing a home, everyone knows you need a down payment, but many people don’t realize that in addition to your down payment, more funds are needed to cover your closing costs. Closing costs can include title insurance, tax and utility reimbursements, transfer tax, conveyancing fees, and miscellaneous smaller fees for services like notaries and wire transfers. If you are getting a mortgage, your lender could also require funds to be held in escrow for taxes and insurance, and charge underwriting and application fees. 

So how much should you budget for closing costs?  I typically tell my buyers to budget anywhere from3-4% 𝘰𝘧 𝘵𝘩𝘦 𝘤𝘰𝘴𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘩𝘰𝘮𝘦. Here is a quick breakdown of what you may need to factor into your total out of pocket when buying a home:

• 𝙰𝚙𝚙𝚛𝚊𝚒𝚜𝚊𝚕 𝙵𝚎𝚎: $500-$700

• U𝚄𝚗𝚍𝚎𝚛𝚠𝚛𝚒𝚝𝚒𝚗𝚐 𝚊𝚗𝚍 𝚊𝚙𝚙𝚕𝚒𝚌𝚊𝚝𝚒𝚘𝚗 𝚏𝚎𝚎𝚜:$1000-$2000

• 𝚃𝚒𝚝𝚕𝚎 𝚒𝚗𝚜𝚞𝚛𝚊𝚗𝚌𝚎: 0.5-1% of the purchase price

⁣• 𝚃𝚛𝚊𝚗𝚜𝚏𝚎𝚛 𝚃𝚊𝚡: 1-2.5% of the loan (this is sometimes split between buyer and seller)⁣

⁣• 𝙼𝚘𝚛𝚝𝚐𝚊𝚐𝚎 𝚒𝚗𝚜𝚞𝚛𝚊𝚗𝚌𝚎: 0.5-1.5% of the loan⁣

⁣• 𝙿𝚛𝚎𝚙𝚊𝚒𝚍𝚜: typically a full year of your property taxes and homeowners insurance are required upfront)

⁣• 𝙰𝚗𝚢 𝙷𝙾𝙰 𝚏𝚎𝚎𝚜⁣ 𝚘𝚛 𝚌𝚊𝚙𝚒𝚝𝚊𝚕 𝚌𝚘𝚗𝚝𝚛𝚒𝚋𝚞𝚝𝚒𝚘𝚗𝚜

As home prices are rising and more buyers are finding themselves competing in bidding wars, it's more important than ever to make sure your plan includes budgeting for closing costs. Keep in mind that these fees vary depending on location, loan program, and lender. 

If you’re thinking about buying and wondering what your fees might be, send me a message – I would be happy to put together an estimate for you!

#miguelpagan #miguelpaganre.com#realestate #househunting #realtor #home #newhome #investment #property #housing #forsale #realty #listing #homesale #broker #homesforsale #realtors #justlisted #fha #properties #wanttomove #milliondollarlisting #homebuyers #refinance #prequalify #newhomeowners #renovated #financing #purchase

 

Posted in Real Estate Blog
July 9, 2021

Who can I help with their real estate needs??

Who can I help with their real estate needs?⁠

Ⓐ Anyone moving out of the area ⁠

Ⓑ Friends and family who live out of town (or across the country)⁠

Ⓒ Anyone looking to buy a vacation home⁠

Ⓓ All of the above⁠

➡️ Answer: Ⓓ All of the above! ⁠

⁠#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #investment #house #properties #realty #homesweethome #broker #justlisted #marketing #decor #sold

Posted in Real Estate Blog
July 8, 2021

Worldwide Real Estate Resource

Did you know that I can help you find a great agent wherever you're moving? 🌎

⁣Whether you are thinking about buying a vacation home, have out-of-town friends or family looking to make a move, or live across the country, 𝗜 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽!⁣⁣ I would love to connect you to 𝘵𝘩𝘦 𝘳𝘪𝘨𝘩𝘵 𝘢𝘨𝘦𝘯𝘵 to help you or your family buy, sell, rent, or invest in real estate. ⁣

Just let me know where you're moving, and your anticipated timeline, and I'll connect you with an experienced agent who will be ready to help when you need it.  

⁣I’m always here for you as your 𝕨𝕠𝕣𝕝𝕕𝕨𝕚𝕕𝕖 𝕣𝕖𝕒𝕝 𝕖𝕤𝕥𝕒𝕥𝕖 𝕣𝕖𝕤𝕠𝕦𝕣𝕔𝕖!

#miguelpagan #miguelpaganre.com#realestate #realtor #dreamhome #home #realestatelife #luxuryrealestate #forsale #property #house #househunting #luxury #realtorlife #investment #design #interiordesign #instagood #architecture #milliondollarlisting #success #sold #newhome #luxuryhomes #realty #entrepreneur #inspiration #goals #lifestyle 

Posted in Real Estate Blog
July 7, 2021

Your monthly homeowner to-do list.

  

ℝ𝕖𝕞𝕚𝕟𝕕𝕖𝕣!⁠

⁠Your monthly homeowner to-do list. ✔️📋⁠

⁠Like most household items, smoke detectors wear out over time and don't work as well as they should, which is why it is important to replace them every ten years (not just the batteries!) Just bought a house? Replace the smoke detectors. You have no way of knowing how old they are, and it's a small investment that could save your life.⁠

⁠Save this post for later and pick 1 or 2 off the list every weekend! What are you tackling first?⁠

⁠visit 𝕨𝕨𝕨.𝕞𝕚𝕘𝕦𝕖𝕝𝕡𝕒𝕘𝕒𝕟𝕣𝕖.𝕔𝕠𝕞 for all your real estate needs. ⁠

⁠#miguelpagan #miguelpaganre.com#realestate #realtor #dreamhome #home #realestatelife #luxuryrealestate #forsale #property #house #househunting #luxury #realtorlife #investment #design #interiordesign #instagood #architecture #milliondollarlisting #success #sold #newhome #luxuryhomes #realty #entrepreneur #inspiration #goals #lifestyle #realestateinvestor

Posted in Real Estate Blog
June 30, 2021

Buyers don't try to time the market

If you're thinking about buying, it's important to remember that 𝘺𝘰𝘶 𝘴𝘩𝘰𝘶𝘭𝘥 𝘯𝘦𝘷𝘦𝘳 𝘵𝘳𝘺 𝘵𝘰 𝘵𝘪𝘮𝘦 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵.

Don't obsess with trying to figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you want or need to move, or when you find your perfect house. The real estate market is cyclical – it goes up, it goes down, and it goes back up again. So if you try and wait for the perfect time, you're probably going to miss out. 

Interest rates are currently at record lows, and homes appreciate on average 3 - 5% every year. Low inventory and bidding wars can be stressful, but don't let that stop you if you are contemplating whether or not to buy a home. 

Have questions about how you can buy a home in today's market? Send me a message – I would love to help!

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #investment #house #properties #realty #homesweethome #broker #justlisted #marketing #decor #sold#realestate #realestatelife 

Posted in Real Estate Blog
June 30, 2021

Is it possible to buy a home in this market?

𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸 𝘵𝘩𝘢𝘵 𝘸𝘦'𝘷𝘦 𝘣𝘦𝘦𝘯 𝘪𝘯 𝘢 𝘴𝘦𝘭𝘭𝘦𝘳'𝘴 𝘮𝘢𝘳𝘬𝘦𝘵 𝘧𝘰𝘳 𝘰𝘷𝘦𝘳 5 𝘺𝘦𝘢𝘳𝘴!?

 

Stop waiting for a "better time" to buy a home. The longer you wait, the more prices will appreciate, and the higher interest rates will rise. 

 

On the flip side, if you've lost out on several homes, you might feel tempted to make a desperate bid or give up, but don’t do either. Instead, focus on what you can control by having your finances in order, knowing what's a reasonable offer in your market, and talking to your agent about how you can limit your contingencies to what's vital. The right home will come along, at the right time. It may not seem like it at the moment, but everything happens for a reason and leads you to the home you are supposed to have! 

 

If you're thinking about buying, send me a message, and let's get together to discuss how you can become a homeowner in 2021!

 

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven#realtor #home #luxury #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #milliondollarlisting #investment #house #newhome #properties #homedecor #luxuryhomes #realty #homesweethome #broker #lifestyle #justlisted #marketing

Posted in Real Estate Blog
June 28, 2021

Focus on the Journey

ᴍᴏɴᴅᴀʏ ᴍᴏᴛɪᴠᴀᴛɪᴏɴ ✨⁠

⁠A common mistake people make when setting goals, or trying to create positive life changes, is only focusing on the journey, and not experiencing where life takes you during the journey to get to that goal.⁠

⁠What if the best parts of the journey are actually happening right in front of us, right now? What if this is actually as good as it gets, and we're so busy focusing on the next big milestone we don't even realize it? For a minute, imagine what would happen if we embraced present moments more. There is so much to do in this life, and so much to take away from every single day. This is your sign to stop and enjoy the moments more and enjoy the little things along the way. ⁠

⁠And remember when you are planning your next goal –𝘢𝘤𝘩𝘪𝘦𝘷𝘪𝘯𝘨 𝘢𝘯𝘺𝘵𝘩𝘪𝘯𝘨 𝘸𝘰𝘳𝘵𝘩𝘸𝘩𝘪𝘭𝘦 𝘪𝘴 𝘢 𝘱𝘢𝘵𝘩 𝘺𝘰𝘶 𝘨𝘰 𝘥𝘰𝘸𝘯, 𝘯𝘰𝘵 𝘢 𝘥𝘦𝘴𝘵𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘺𝘰𝘶 𝘢𝘳𝘳𝘪𝘷𝘦 𝘢𝘵.⁠

⁠#monday #motivationalquotes #quote #goals #success #entrepreneur #motivational #miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #investment #house #properties #realty #homesweethome 

Posted in Motivation