I've received a lot of text/emails on a Bloomberg article announcing Wells Fargo is increasing its down-payment requirements from 20% to 25% in Greenwich (it’s actually for the entire Fairfield County) Many asked -- what does this mean for Greenwich? My answer: Greenwich is probably in one of the stronger positions in all of Fairfield County. I would note a few Continue Reading
Report favors Greenwich over Westchester on Taxes
If it comes down to taxes, the numbers speak for themselves — and they speak loudly in favor of Greenwich over its cross-border counterparts. Yearly property tax bills differ by nearly $30,000 between comparable homes in Greenwich and the Westchester County, N.Y., communities of Rye and Scarsdale, per an analysis published by Greenwich’s Centric Property Group, and the new federal tax law is Continue Reading
Behind The Gates: Take A Trip Inside Greenwich’s Private Neighborhoods
If long driveways, high hedges and large lots don’t offer enough exclusivity, there’s an option in town for luxury real estate that remains off limits even for most local residents. Private neighborhoods feature gates, guards and, in some cases, cameras. In neighborhoods such as Belle Haven, Conyers Farm and Indian Harbor, only those with express permission can venture past their gates. Inside, Continue Reading
Working Together—Realtors Embrace House Hunting Website
House hunting websites function within the real estate industry similarly to how WebMD affects the medical profession... To read the full article, please click here. Continue Reading
The Reckoning of Round Hill Road
“It’s a lifestyle adjustment,” says Jeff Jackson, a real estate agent with Centric. “This generation of wealth has a different idea of where to spend money than your father’s hedge fund.” The Millennials moving from Brooklyn are urbanites; they want to walk to a corner café, know their neighbors and watch their kids playing outside. They also want new homes with the latest in Continue Reading
Blunders to Avoid When Buying Waterfront
Our coastal towns frequently have their own sets of rules and regulations on top of the federal and state requirements. This article provides a good starting point, but it is important to get the best local, independent buyer's agent you can find when treading into this market segment. 9 Blunders To Avoid When Buying Waterfront Property Continue Reading
New York Mansion Tax Favors Greenwich Real Estate
De Blasio’s ‘Mansion Tax’ Would Hit Humble Homesteads Mayor DeBlasio's proposed mansion tax of 2.5% on sales over $ 2 million would appear to impact New York families hardest. For the full article, please click here. Continue Reading
