Westport, Connecticut Moves

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A picture may be worth a thousand words - but doesn't replace an agent

The ubiquitous use of the internet, has changed the way the real estate business is conducted.  With a plethora of sites available, buyers are able to conduct their own searches, for homes.  Many start their search, before contacting an agent, and most continue to search, on their own, even while working with a REALTOR®.

Consumers search in much the same way, as do real estate agents.  They enter the search parameters, such as town(s), price range, number of bedrooms and baths, square footage and acreage.  Whatever platform, they are using, then produces listings, that match their criteria. 

Here is where the search process takes divergent paths.  Using the listings chosen, the consumer gets to read the description and look at the pictures.  Both of these items are produced by the listing agent and meant to show the property off, to its best advantage.  Agents will also start with the description and pictures, but their market knowledge and expertise will allow them to filter out the properties that do not work, for their clients.  A picture may be worth a thousand words, but what isn't pictured may be more relevant.  The agents will already be familiar with the homes, having seen them on Broker's Tour, or if they haven't seen them, they can arrange to preview them. 

The picture of the gorgeous back yard, taken facing the back of the house, may not reveal that the property line is adjacent to the railroad tracks.  The updated bathroom vanity may belie the fact that the rest of bathroom is original 1950 American Standard pink.  Taken at the right angle, an eight by ten bedroom can look enormous. 

Of course, it can work in reverse, as well.  The listing agent may have posted some G-d awful pictures of a home that is actually charming.  Or the pictures may simply be poor quality.  I have seen some pictures that are so dark, it is hard to discern what room has been photographed.

When first working with clients, I will show them all the houses they've selected to see.  Once we have established that we are on the same wavelength, they will usually rely on my judgement to eliminate the listings that are a waste of our time.  Often the tour will include a combination of homes that the buyers have chosen, along with homes that I have added.

Recently, a buyer said to me, "As usual, the homes you picked are better choices than the homes I chose to see."  Searching, on the internet, is a great exercise, but it doesn't replace a knowlegable agent.

Copyright © 2008 Marilyn Katz, All Rights Reserved, Active Rain - A picture may be worth a thousand words - but doesn't replace an agent

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Sub-prime crisis - homebuyer share of blame

Earlier today, Alan Nisen posted a blog about who was to blame for the sub-prime crisis.  He very cogently spelled out the responsibility of the mortgage brokers, the banks, Wall Street and the Government.  Certainly, each of these group have their share of blame.  However, some of the responsibility also has to lie with the consumer.

Granted, some homebuyers were naive and duped into believing they could "buy now, pay later",  However, I'm sure many realized, with little income and no assets, they would be turned down if they applied for a loan to buy a car.  Yet they chose to believe that they could purchase a house and through appreciation, it would pay for itself. 

I think this country needs a reality check.  I realize home ownership is the American Dream, but it used to be understood that, before you could purchase a house, you had to be able to afford it. 

The delusion is not limited to the low-income, poorly educated segment of society.  I've winced when supposedly intelligent people have told me of their plans to take a seminar to learn how to buy and sell real estate, with no money down.  I'm sure you've all seen the ads. 

 "Two years ago, I only had $1.98, to my name and now I'm worth millions.  You too can make a fortune in real estate.  Simply join the thousands of others who have learned to live the good life, by signing up for my seminar."

I'm astonished that they don't recognize the similarity to the old "snake oil salesman."  Is the dream of riches and the desire for instant gratification, so strong, that we, as a society, choose to view lottery tickets and get-rich-quick schemes, as the answer.

Unless we get back to the strong work ethic, that built this country, this will not be our last "crisis."

Summer in Westport, CT

Westport is a terrific town to live in, year round, but, during the summer, it really shines (pardon the pun.)  A definite sign that summer is arriving (beside this week's 90+ degree weather), is the opening of the 101st Yankee Doodle Fair.Yankee Doodle Fair sign

The Fair runs from Thursday, June 12 thru Sunday, June 15.  It is sponsored by the Westport Women's Club and serves as their major fundraiser, of the year.  All net proceeds benfit local charities. Yankee Doodle Fair setup

The Yankee Doodle Fair offers something for kids, of all ages. 


There are rides and kiddie game, weekend crafters, a food court, bake sale, plant sale and Sunday, farmer's market.

The Westport Women's Club is located at:
         44 Imperial Avenue, Westport

Fair hours are: Thursday 6-11 PM
                      Friday     6-11 PM
                      Saturday Noon - 11 PM
                      Sunday   Noon -  5 PM

The Yankee Doodle Fair is only one of Westport's many summer attractions.  Later in June, there is the June Benefit Horse Show, at the Fairfield County Hunt Club.  July brings the annual, weekend sidewalk sale, the Italian Festival and the 35th Annual Outdoor Fine Arts Festival.  Throughout the summer, you can enjoy the free concerts, at the Levitt Pavilion.  Or, if your taste runs to more formal entertainment, catch a show at the Westport Country Playhouse.

For visitors and residents alike, summer in Westport is a summer vacation.