Week 31: The Lock-In Effect. John Engel’s Real Estate Column for the New Canaan Sentinel
Many of us are wondering how long it will take until the pendulum swings. How long before the seller’s market becomes a buyer’s market? There are many factors at play, but the favorite term being bandied about on talk shows and cocktail parties is “Lock-in effect”. This is the measure of how constrained people are […]
5 Common Reasons For Buyer’s Remorse After Purchasing A Home
Buyer’s remorse is a feeling of regret, guilt, or anxiety after making a purchase, thinking that it’s a wrong decision. It’s also known as buyer’s regret or buyer’s disappointment. While it can result from any sort of purchase, even the smallest ones, it usually occurs after a significant commitment, such as buying a house or a car. In real estate, buyer’s remorse is when a new homeowner regrets the home they recently purchased. They either feel that it was an outright mistake or think that there’s a better option for them out there.
Week 30: The Wealth Report – 2024. John Engel’s Real Estate Column for the New Canaan Sentinel
“Over 20% of the world’s wealthiest individuals plan to invest in residential real estate in 2024.”
Week 29: A Case Study: Wide Range of Opinions on a Home’s Worth. John Engel’s Real Estate Column for the New Canaan Sentinel
This is the most important question Realtors answer, and busy agents are answering it every day. It is particularly relevant this month while 300 residents are arguing their values in front of the New Canaan Assessment Board of Appeals. This is a case-study on how I do it: The subject property is a 4,080 square […]
Elevating Your Home Search: The Importance of Exclusive Property Tours in Luxury Real Estate
In the world of luxury real estate, finding your dream home is not just about transactions; it’s about experiences. Exclusive property tours set the stage for these memorable experiences by offering a tailored and intimate viewing that aligns perfectly with the high expectations of discerning buyers. At The Engel Team, we understand that the journey to discovering your ideal luxury home requires a bespoke approach, focusing on privacy, personalized service, and meticulous attention to detail.
Week 28: February Market Report for 15 Towns Across Fairfield County. John Engel’s Real Estate Column for the New Canaan Sentinel
We divided 15 markets into 4 groups 1. High-End 2. Cities 3. North of the Parkway and 4. Coastal Neighborhoods to see what comparative conclusions we might draw from their performance these last 3 years. Greenwich – UNDERPERFORMING. Median price is $1.75m, more or less flat since mid-2021. When compared to the peer group Greenwich […]
What is an Earnest Money Deposit? A Guide for Buyers and Sellers
When you put an offer on a home, you’d want to do everything you can to make your bid more competitive. One way to do this is through earnest money. But what is it, exactly? And how much do you need?
Week 27: How Buyers Win in this Market. John Engel’s Real Estate Column for the New Canaan Sentinel
“Negotiating skills are something else. According to Chris Voss, author of “Never Split the Difference” negotiation is not like combat, ‘Individuals want to be understood and accepted, and… collaboration and empathy are at the core of good negotiations.’”
Discover Stamford: A Guide to Connecticut’s Vibrant City of Culture, Nature, and Real Estate Opportunities
Stamford, Connecticut’s third-largest city, is a treasure trove of cultural, natural, and real estate gems. This coastal city, known for its vibrant streets, rich history, and modern living, offers a unique blend of urban energy and serene natural landscapes. Stamford’s charm lies not just in its scenic views but in its cultural mosaic, where the […]
Week 26: The Booming Market Has an Insurance Problem. John Engel’s Real Estate Column for the New Canaan Sentinel
First, let’s talk about Florida. Hurricanes like Irma, Ian and Michael caused billions of dollars in damage.
