Good money after bad, but eventually, they found a buyer

Discounted Tara

Discounted Tara

The owners of 37 Calhoun Drive put their house up for sale in 2010 at $10.950 but found no takers, so they pulled it, renovated and expanded it, and then rather foolishly priced it at $11.950 in 2012. I say "foolishly", because if no one wanted it at $10.950, the owners would have been better off cutting the price rather than sinking more money into it and then attempting to recoup what they'd spent.

That lesson must have eventually sunk in because today, five years later and priced at $5.995, it reports a contract.

I don't want to sound full of myself, but it does frustrate me, a little, to see certain well-known agents keep wildly-overpricing their listings and yet keep landing new ones. Do owners really not check track records? 

(In fact, I do know the answer, and it's a phenomenon that's as old as real estate itself: an owner will call in 3-4 agents for a price opinion, 3 of the agents will come in with prices very close to each other, the 4th will "buy the listing" with a completely unrealistic, inflated price, and the owner goes with her. The house will still sell for market value, but for a year or two, the owner has the pleasurable experience of living in dreamland.)

And the victims of this serial sexual predator will probably join the NRA to protect themselves

Ooooh, you big, strong man, you! is that your wallet I feel?

Ooooh, you big, strong man, you! is that your wallet I feel?

Hillary fund raiser harvey Weinstein admits he was (is?) an abusive sex fiend, will take a leave of absence to focus on the NRA and Donald Trump.

I wonder how many under-aged starlets wished they'd had a pistol to fend him off? 

His excuse: "I grew up in 60s and 70s, when mores were different" cuts no ice with me: that was my era too, and I certainly knew right from wrong — Weinstein's piggish, abusive behavior was as wrong then as it is now. Further, the NYT article busting him only traced back his behavior to 1990; in other words, well beyond his formative years. It seems he's claiming to have been  quick learner in the 60s, and a slower learner the past three decades. Uh huh.

Not only does the arrogant Weinstein not realize what an ass he is, count on the Democrats who've sucked his teats all these years to applaud him for his "wokefulness".

And there's still a weak market up on Pecksland

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124 Pecksland Road, which sold for $3.495 million in 2006,tool another price cut today, to $2.295. 667 days on market.

It's an attractive house, at this price, but it's on 1.25 of an acre in the R-2 zone, so expansion is limited, if permitted at all (I haven't done the calculation), and it's in the Glenville/western school district, which can make for a slow sale.

All that said, $2 million (or so) seems pretty reasonable.

Remember when Confederate statues were the issue of the day? Or Puerto Rican Hurricanes? Now it's "bump stocks" which no one had even heard of before Sunday, and no one will remember by next week.

Look! A SQUIRREL!

Look! A SQUIRREL!

I predicted less than  month ago that the snowflakes' outrage over statues would last only until the next craze, and sure enough, the "Racist Trump is killing Puerto Ricans" bumped the statue kerfuffle off the agenda last week. Sunday's tragedy killed that meme, and this week it's "bump stocks", which even Dannel Malloy has discovered.

The attention span of the Left and its media partners grows shorter by the day.

I probably haven't helped my career with my political sentiments, but a CT real estate agent calling for the slaughter of 2nd Amendment supporters? That's downright dumb.

RITU GOEL: "SORRY IF MY REMARKS OFFENDED ANYONE"

RITU GOEL: "SORRY IF MY REMARKS OFFENDED ANYONE"

South Windsor real estate agent Ritu Goel withdraws from Town Council race after Facebook post.

A woman running for town council in South Windsor is withdrawing from the race following a controversial social media post about the Las Vegas shooting.

"Prayers for Las Vegas. People who are in favor of guns should have been on that strip,” Ritu Goel wrote.

Wednesday, she released a statement after receiving backlash.

 “For the safety of my family I am withdrawing my candidacy for town council. I will also step down from the South Windsor Alliance for Progress because I do not want to jeopardize their great work. I am afraid for the safety of my kids, my husband and my mom who is just visiting. I have lived here for 23 years, and that beautiful life has been threatened. My professional life is at stake.

“We recently celebrated diversity in this town. But that is not what I have experienced in the last 24 hours. The calls I am getting not only insult me, but insult our diverse team running for Town Council. 

"DIVERSITY"? Is the what you were celebrating? Perhaps you weren't referring to diversity of opinion. I truly regret that you feel you were "insulted" by people you'd wished were dead.

"Absolute horror and disgust that anyone could even think these things rather than put them in writing,” said South Windsor Mayor Carolyn Mirek.
Besides the town's mayor, people in the community also strongly criticized Goel's comments.
"I think it's a pretty awful thing to say. I do not support guns but I would never say anything like that,” said Gloria Ranney, of South Windsor.
"Even if you don't agree with gun rights I don't think it's ok to say they should be dead,” said Jeff Dileone, of South Windsor.
"I just don't think she should be running for office,” Dileone said.
Goel is also a real estate agent with Dzen Realty.

She may have been associated with Dzen Realty up to now, but they seem to have parted ways, as this search for "Dzen Realty Ritu Goel" reveals::

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5 years, three brokers, and hundreds of thousands of dollars later, it sells

22 Echo Lane

22 Echo Lane

22 Echo Lane has closed at $2,202,500. This started at $2.995 million in 2012 and I remember touring it that day with fellow agents at its open house. We all agreed that it was a perfectly good house, but we also all agreed that it was wildly overpriced. The trouble with overpricing is that agents, and buyers, dismiss a house, and it drifts from memory. The occasional price drop might bring it back to the surface but basically, it's gone, for a long time.

Five years is a long time; fresh is good, stale is bad.

From winner to loser

8 dearfield.jpg

8 Deerfield Drive, a good-looking but tired house across and down the street a little bit from Greenwich Library, hit the market at $1.195 million in 2013 and was promptly sold via bidding war to this owner for $1.4 million. She renovated it over the next 15 months and returned it to the market in early 2015 at $3.825 million. Today that price was cut again, and it can now be yours for $2.5.

The property includes a separate lot on its 0.6 acres, so $2.5 seems pretty reasonable. The renovation was done decently, and if the home weren't right up against busy Deerfield I'm sure it would have sold before this, for more. I'd certainly prefer to live here than in one of those 151 Milbank condos.

Maybe a rental?

I might want to get rid of some of the asphalt 

I might want to get rid of some of the asphalt