All About Connecticut Real Estate

By Lisa Brown-McDonald CT Real Estate Agent, Fairfield & Litchfield County Homes
(The Brokerage of New England)
Celebrating 19 years in Real Estate!If you know me, you know I love what I do and so incredibly thankful to help so many wonderful families with their real estate needs. From buying first homes, upsizing, downsizing to retirement homes, parents, their children, grandparents, friends and co-workers. To my clients, referring professionals and friends, thank you for your trust, continued support and referrals. Here's to many more years creating memorable moments and new beginnings.As always, I'm never to busy to answer questions, provide recommendations or share my real estate knowledge. Buying or selling a home takes strategy, experience and local market knowledge, with 19 years experience you can rely on me to get you the best possible result. Specializing in residential, luxury, investm...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Tax season can be a time of great anticipation for millions of Americans with dreams of a nice, big, refund check coming soon. Yet this year, many Americans may find themselves surprised and coming up short on their refunds.Many taxpayers have been shocked to find that this year, instead of a big tax refund check arriving in the mail, they are being saddled with an unexpected bill from Uncle Sam. The combination of recent tax law changes and updated employer withholding tables has left individuals scrambling to figure out how to pay for their new IRS obligations due at filing time.If you're worried about a looming tax bill, never fear. There are measures you can take to ensure that your taxes don't unexpectedly balloon. From budgeting tips to what do when the worst happens, these strate...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
Whether you are in New Haven, Connecticut or not, what is "Reasonable Compensation" is a critical issue for S Corporation owners.  We have defended both taxpayers and tax preparers on this issue before the IRS.  The answer to this question depends on a variety of factors and can be complicated. This blog post will explore the concept of reasonable compensation for an S-Corp owner and provide some basic guidelines to help you better understand how to support the wage number on that 1120-S Return.Tax ImplicationsThe Internal Revenue Service (IRS) requires that S-Corporations pay their owners “reasonable” compensation" in order to avoid tax penalties. Reasonable compensation is defined as any amount that is considered fair and consistent with the industry standard for similar services prov...
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By Westchester Modular Homes Inc, Serving NY, NJ, PA, CT, NH, RI, MA, VT & ME
(Westchester Modular Homes Inc)
Next LIVE Interactive TourVirtual TourJanuary 25th, 2023@ 5:30 PM ESTExperience a LIVE Interactive Virtual Tour of our Factory& some of our beautifully built Custom Homesour clients have allowed us to shoot in 3D& share with you.Please use the Sign Up Form belowso we can email you an Access Link.What can you learn by attending the Live Virtual Tour?- The Benefits of Modular Construction- The Design Software & how you can take a 3D walkthrough of your home before it is actually built- 3D Tour of our Factory- 3D Tours of Customer Homes- Live Moderated Q&A SessionPlease go to www.vt-sign-up.com to RSVP
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Waterbury CT 2022 Year End Real Estate Market Analysis The year 2022 was a year of transition to the strong buyer's market of the previous 2 years.  The rise of interest rates created due to the inflationary trend put some buyers back into a waiting mode.  Businesses are on the rebound and their biggest obstacles are the rise in raw materials as well as the lack of qualified employeesIn spite of this, after a brief pause the market in Waterbury CT began its rise and finished the year strong. Historically lagging in home prices, Waterbury saw a large spurt in median values and hopefully the trend will remain for the foreseeable future.  For the year 2022, the market sales or absorption rate for Waterbury CT was 77 sales per month, with an average sales value of $229,826 and average days ...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Martin Luther King, Jr. Is A Man To Be Respected.  Tomorrow is Martin Luther King, Jr. Day.  this is a day well deserved of being celebrated.   Martin Luther King, Jr. deserves this honor and much, much more.  Some may argue that his dream has not been fulfilled, but I would argue otherwise.  However, this is not the blog to make that argument, this blog is to honor a man who saw beyond color, and focused on equality for all. Martin Luther King, Jr. had a dream not for himself but for all mankind.  A dream of equality, freedom, and justice.  Nothing Martin Luther King, Jr. did centered on himself, it all centered on others.  His life was one of service to others unconditionally. As a young boy from a different country, Martin Luther King, Jr. taught me a major life lesson, one that I l...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value December 2022Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 80 active residential listings for sale, with 31 new listings being added in December. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 3,238 square ft, 4-bedroom  cape listed at $825,000. These listin...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What Happened in The Prospect CT Real Estate Market Prospect December 2022?   Prospect CT is a town of App 10,000 residents located in New Haven County. It is bordered by Waterbury, Cheshire, Naugatuck and Bethany.  One noted by Money Magazine as one of the top 300 towns in the Nation, it has since adopted the title of Best small town in CT.It serves as a predominately residential community whose residents commute to the nearby towns.  It has a well recognized Regional school system shared with Beacon Falls CT.  It is also recognized as a well managed town with taxes under control.Search for homes in Prospect CTCurrently in Prospect CT there are 8 active residential listings for sale, with 3 new listings added in December. The homes for sale in Prospect CT range from a 1,226 square ft, ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Ignoring your obligation to pay taxes can lead the federal government to conduct severe legal action against all your existing assets, current and future income, and assets you acquire in the future; this form of punishment is called a federal tax lien.If you have received a certified letter indicating that the federal government has placed an unwelcome Federal 'tax lien' on your assets, this article can provide insights into what it means and how to remedy the issue. What is a Federal Tax Lien?When a taxpayer falls behind on their federal taxes, they are at risk of having an official public notification filed against them. This document is known as a Notice of Federal Tax Lien and can cause grave consequences for the individual's ability to enjoy any financial security.A federal tax li...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Six Factors Representative of Buyers in Today's Market in ConnecticutThe real estate market is undergoing an adjustment, yet even with interest rates higher, buyer activity is still aggressive and quality homes do not stay on market longer. More buyers are finding their way into home ownership than at any other time in history.A recent report issued by NAR highlighted the factors facing buyers in 2023. The items that seemed to be more representative of the activity in Connecticut are offered below. 1. The age of first-time and repeat buyers hit all-time highs.The age of first-time buyers jumped to 36 from 33 years after being stagnant for years. Twenty-six percent of first-time buyers reported "difficulty saving for a down payment" was a challenging task in the buying process and cited ...
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By Westchester Modular Homes Inc, Serving NY, NJ, PA, CT, NH, RI, MA, VT & ME
(Westchester Modular Homes Inc)
Next LIVE Interactive TourVirtual TourJanuary 11th, 2023@ 5:30 PM ESTExperience a LIVE Interactive Virtual Tour of our Factory& some of our beautifully built Custom Homesour clients have allowed us to shoot in 3D& share with you.Please use the Sign Up Form belowso we can email you an Access Link.What can you learn by attending the Live Virtual Tour?- The Benefits of Modular Construction- The Design Software & how you can take a 3D walkthrough of your home before it is actually built- 3D Tour of our Factory- 3D Tours of Customer Homes- Live Moderated Q&A SessionPlease go to www.vt-sign-up.com to RSVP
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
It's 2023:  Start Off With a PositiveIt was a year of strange happenings and our real estate world saw changes that had many scrambling especially as interest rates rose and the market took a shift.The start of 2023 will have its uncertainties and many will have a mindset of positives with their resolutions. I have passed enough January 1's to know that for me, at least it's a waste of time, albeit a good thought.No gym membership for me, if I see that piece of cheesecake, it will get devoured, and I will appease my addiction if a chance to hit the links arises.No New Year's resolutions for me, as they will be busted up within a few short weeks.It's the dawn of a new day, month, year:With the shift in the market, although different across the country, it could be time to make some adjus...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
I just want to take this opportunity to say Happy New Year 2023 to all my friends here on ActiveRain.  I have been blessed to know several of you for many years, and have been blessed with new ActiveRain friends this year as well.  I am all set to kick off 2023, and leave 2022 behind.  I have completed all of my licensing requirements for the three states I am licensed in (Connecticut, Rhode Island, and Florida), and all the licenses have been renewed for 2023.  I am looking forward to the new challenges 2023 brings us, and hope the same for everyone of you. Life is to short to waist a precious minute of it.  Be thankful for what you have, and enjoy every minute of it. I look forward to reading each and everyone of your blogs, and hope you put up with my comments in 2023.  Stay Safe Thi...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags:  A Torrington CT LandmarkI had a client ask me to show a property in Torrington CT, which is in Litchfield County in CT.  Normally I don't work that far north but as she pleaded I agreed and took the drive.Getting off the highway I took a glance at the center of town and one image seemed to dominate the landscape. I made a note to get back there once the showing was over.The granite clocktower had our flag waving in the breeze.  It was impossible to not notice.  The rest of the structure was just as majestic.This is Trinity Episcopal church in the center of Torrington, CT. The granite building was constructed in 1898 so next year they will celebrate 125 years. The church, itself was founded in 1843.The parishioners and the town should be very proud of the building. Over th...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What Happened in The Prospect CT Real Estate Market Prospect November 2022?   Prospect CT is a town of App 10,000 residents located in New Haven County. It is bordered by Waterbury, Cheshire, Naugatuck and Bethany.  One noted by Money Magazine as one of the top 300 towns in the Nation, it has since adopted the title of Best small town in CT.It serves as a predominately residential community whose residents commute to the nearby towns.  It has a well-recognized regional school system shared with Beacon Falls CT.  It is also recognized as a well-managed town with taxes under control.  Search for homes in Prospect CTCurrently in Prospect CT there are 8 active residential listings for sale, with 6 new listings added in November. The homes for sale in Prospect CT range from a 1,226 square ft...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Jonathan Hall with William Pitt Sotheby's International Realty just leased this spacious and well maintained townhome in Shelter Rock area of  Danbury, Connecticut. Located in the Timber Oaks Community, the owner of 14 Paulding Terrace is a long-time client that keeps going back to Jonathan due to his service and positive results. This one-owner 'Edison'  model offers 3000 square feet of quality living space comprised of 3 bedrooms, a finished lower level, separate office nook and an attached two car garage. Recent improvements include dishwasher, refrigerator, air compressor and  refinished main level hardwood floors.  This premium unit is now under lease for $3850/month. Timber Oaks is a community of modern townhomes created from 2006-2013 along the Danbury/Bethel line with ample park...
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By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Jonathan Hall with William Pitt Sotheby's International Realty just sold  charming vintage era home in downtown Bethel,CT. Located at 14 High Street in Bethel. The home was being sold by it's 3rd family since it's over 100 year history. The sellers lived in the home for close to twenty years, raising their children's here, before moving locally to a larger home. On-going maintenance and improvements were made over the years making the home. Projects include newer gas furnance & central air conditioning, newer kitchen applicances and   renovated full bath with schoolhouse sink. Many of the orginal features and detail work remained, including orginal glass paneled built in cabinets, picture molding, hardwood floors and charming front porch.  Additional items included an invisible fence sy...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
The tax-filing deadline will be here before you know it and pretty soon, you’ll be gathering up your receipts and plugging in numbers. I know you’re hoping for good news, and praying for a big refund in the process.If all goes well you won’t owe anything and you might even be getting back a nice refund. But, what should you do if you owe money? If you know you owe money to the IRS, you might be tempted to not file a return, but that is the worst thing you can do!If you fail to file on time, the IRS will come after you until you do. Worse yet, the tax agency can assess up to 25% just in late filing penalties. Plus, interest will start piling up right away. Instead of not filing, here are the steps you should take if you owe money to the IRS. Seek Out Tax Deductions You Can Still ClaimIf ...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Merry Christmas To All My ActiveRain Friends In 2022.  Christmas has always been a day my wife and I have spent with our two son's, but now that my oldest son moved to Bonney Lake, WA we have had to get a little more creative in celebrating Christmas.My youngest son alternates between spending Christmas with us, and his wife's parents.  This year is his in-laws turn, so he and his wife spent Christmas Eve with us at my house.  After they arrived we FaceTimed with my oldest son, and my gorgeous granddaughter, Elizabeth.  While FaceTiming we open the Christmas present we sent each other.  This is not the same as all of us being together, but it is still special in a different way.  After FaceTiming we had a special lunch/dinner. This year we had stuffed jumbo shrimp, filet mignon, and twi...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Ben Kinney : Tips on Selling Homes in This MarketThe Zoom call this week was presented by ActiveRain's own Ben Kinney. In addition to being owner of this platform, his roots are as a real estate agent and over the years his efforts have been more than successful. As all can see, there has been a shift in the market, and this will require a shift in business approach going into the new year.Ben made his presentation with data obtained from his network and specifically data from Goldman-Sachs.InflationEveryone is aware of the inflation data that is being offered on a daily basis. What few recognize, is that some inflation is necessary for economic growth and the Fed attempts to moderate the rate by increases in the Fed rate. Inflation is what has all of us paying more for goods and servic...
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Connecticut Real Estate Agents and Real Estate Professionals