Stonington Homes for Sale Bridget Morrissey

Do you know how to sell your home with the current STAY AT HOME orders? Listen, you don’t want to spend hours trying to find out what the new state guidelines are for selling a home during the pandemic. What if I told you that electronics and virtual assistance are available to sell your home with little stress? They are! Bridget Morrissey Real Estate brokered by eXp Realty will show you how!




https://bmre.us/pandemic



In this episode you will discover how homes are marketed during the current situation, what the mandatory guidelines from the State of Connecticut are, and how documents get filed electronically.



We have been busy with closings, new listings and marketing our current listings. I am Bridget Morrissey and thank you for being with me today!

Let’s get started!



After you decide to list with a Realtor, you need to fill out the EXCLUSIVE LISTING AGREEMENT. The top half of the first page and the bottom half of the second page need to be filled out. This can be accomplished if we observe the six foot social distancing rule or it can be done electronically.



Sellers also need to know that homes priced fairly are selling because the inventory of homes for sale is low. Some potential sellers are waiting to see what the market does. Delaying may see prices drop as more and more homes come on the market.

Overpricing adds to the number of days a home sits on the market. When the days add up potential buyers wonder what is wrong with the home and do not schedule a showing.



Get a listing power analysis to determine the price for which your home will sell.



Next is your homework assignment! The 7 page DISCLOSURES form needs to be filled out stating the condition of the premises. Again, this can be done by the seller and filed with the Realtor electronically.



This would occur if the buyer were also represented by someone from the same brokerage. Dual Agency means that the Brokerage Firm, and all the brokers and salespersons for the firm act in a fiduciary capacity for both Buyer and Seller.



Lucky for me, I joined eXp Realty three years ago. As a cloud-based agent owned company, eXp Realty was prepared for what is happening all around us. Working from home in the virtual world has prepared me for our current circumstances. I have my own little avatar and travel all across our virtual campus. There are 60 live webinars each week to keep up on my training. We have our own state of Connecticut office and boardroom on the virtual campus for our bi-weekly meetings and a huge auditorium for our weekly international meeting. It has been a huge help to be able to prepare marketing materials for the homes that I sell.



However, before we can show your home, though, there is something I want to discuss with you. The Connecticut Department of Economic and Community Development and the Connecticut Realtors have put together guidelines for showing a home. Here they are.



As a seller you may be concerned about how your house is being shown. These are guidelines reviewed by Department of Ec

Stonington Realtor Bridget Morrissey reports that the median sales price for homes for sale in Stonington rose to $350,000 while the median estimated home value is $394,000.

Three and four bedroom homes were the most popular, as expected. Nine 3 BR homes were sold at an average of $342,533 while eight 4 BR homes sold had an average sales price of $556,250. 21 pending sales average $447,333. Twelve of the 19 homes sold were on the market for 90 days or less with seven only requiring a month or less to sell.

With prices rising, low mortgage rates and homes selling quickly all indicators are pointing to a low inventory of available homes for sale.

However, the presidential election cycle and fears of recession could change the direction that home values are going.

For more information about Stonington homes for sale call or text Stonington Realtor Bridget Morrissey at 860-857-5165.

By Angela Colley for realtor.com| Jan 27, 2016

Showing your house is the exciting part of selling a home, but let’s face it: It takes a lot of work to get there. Once you’ve made repairs, chosen a Realtor®, and decided on an asking price, your home is almost ready for market—but first, how about a little primping and polishing? Or maybe a lot of primping and polishing.

After all, you want your home to make a great first impression on buyers—and that’s where we can help. To show your home in the best possible light, heed these savvy seller tips.

Stash your stuff, stage to sell, and boost your curb appeal.

Once you’ve gotten your home looking fantastic both inside and out, it’s time for the Realtor to break out a camera and spread the news that it’s up for grabs: with an eye-catching real estate ad, of course! For more information on how to stash, stage and boost your home for sale go to bmre.us/hint3

More tips for home buyers and hints for home sellers can be found if you go to bmre.us/tips

By Stephanie Booth for realtor.com| Jan 23, 2018

In an effort to clue you into some of the challenges you’ll face as a first-time home buyer, we asked some folks who’ve already gone through the ringer to spill what they wish they’d known earlier, that would have saved them a ton of time, effort, and tears. Here’s to hoping their 20/20 hindsight will help pave your own path to home-ownership.

You can’t get pre-approved by plugging in simple numbers on a mortgage calculator. You need an experienced lender who will take a detailed history and require documentation of your assets and income. This is the only way you’ll establish if you qualify for a mortgage and for how much.

It looks perfect, What could go wrong? The home inspection, that’s what.  No matter how nice a home looks, a home inspection is the only way to make sure you aren’t buying a lemon.

Buying a home requires you to stay on top of your to-do items, especially during the escrow process where there may be penalties for missing a deadline. Prime among this is the three-day requirement to send in your deposit. Miss that and you may miss out on the deal.

A lender can make or break a deal, so choose wisely. One of the main things to look for besides the loan rate is the responsiveness of the lender. They need to move fast or the deal may fail.  Your Realtor knows the track record of lenders in our area.

It’s tough not to get disheartened while house hunting. Competition is fierce, and you need to prepare yourself for the long haul.

You may need to adjust your criteria so more possibilities are opened up. In the meantime, “keep making those offers. One of them will get accepted.”

For more information on what to expect when looking for your first home go to bmre.us/tip3

More tips for home buyers and hints for home sellers can be found if you go to bmre.us/tips

For more tips for home buyers and hints for home sellers go to bmre.us/tips

By Angela Colley for realtor.com| Feb 25, 2016

Ah, closing on a house. It’s the finish line! You’re almost home free (or free of your home in this case). You’ve accepted the buyer’s offer, the negotiations are finally winding down, and there is only one more little box to check: closing.

OK, so maybe it isn’t a little thing. And maybe you’re a little bit worried something is still going to go wrong when closing on a house. That’s why we’re here to help get you through closing without a hitch—or barely a hitch (hey, stuff happens).

So check the approved offer, make a note of any repairs you and the buyer agreed on, and get to it—and don’t forget to cover yourself. Save receipts from items purchased and invoices from contractors, and take before and after photos of any work completed. You will have proof that repairs were completed on the off chance that the buyers contest them during the walkthrough or at closing.

Before your closing —often 24 hours or right before—the buyers and the buyers’ agent will do one more walkthrough of the house (for which you should not be present).

If things are going smoothly, the closing for you might boil down to a blur of paperwork.  Unless problems creep up—or the buyer wants to negotiate further—you only have two jobs: waiting and reading documents.

Once the negotiations are handled and the papers are signed, the buyers’ funds are transferred to your attorney, who will handle the payments to cover your loan and pay your real estate team. Thankfully, this part is handled by someone else.

And then comes the best part: You’ll get a check for the remainder! For more details about the closing process go to bmre.us/hint2   For more tips for home buyers and hints for home sellers go to bmre.us/tips