Hartford real estate sector currently features 214 foreclosure listings and properties at the median quoted price of $136,000. Besides, there are 763 other homes on sale at the Hartford property auctions, sporting a substantially higher median listed price of $199,000. Hence, it is obvious that the foreclosed houses bear a discount of about 30-35 percent over the usual market prices for other homes. The lowered prices of the properties on sale at the foreclosure auctions works as the prime motivator for intending homebuyers to surge to the real estate listings auctions in the hope of grabbing splendid buys at nearly half their customary prices.
An Ancient, Developing Economic Hub
Hartford is situated in Hartford County, and is the capital of the US state of Connecticut. Hartford is next only to Bridgeport in being the largest city in Connecticut. Hartford forms the core of the Greater Hartford MSA {metropolitan statistical area}, which is the 45th biggest MSA in the country. The Greater Hartford MSA had recently been branded second in per capita economic activity in the US, following San Francisco MSA in the state of California. This dynamic financial services city has earned the sobriquet of the “World’s Insurance Capital”, because it is home to the headquarters of several global insurance companies. Hartford has been described by no less an author than Mark Twain as “Of all the beautiful towns it has been my fortune to see, this is the chief”. This over 400-year old city has usurped the title of the “Wealthiest US City” from New Orleans. Indeed, Hartford is believed to generate more economic activity than 16 US states.
The sundry suburban cities, towns, and villages of Hartford include the following: Manchester, Avon, East Hartford, Marlborough, Berlin, Kensington, Granby, North Granby, West Granby, Bloomfield, Blue Hills, Glastonbury, Bristol, Forestville, Farmington, Burlington, Enfield, Thompsonville, Canton, Collinsville, Windsor, Plantsville, Marion, New Britain, Windsor Locks, Newington, Wethersfield, Plainville, West Hartford, Bishop’s Corner, Elmwood, Rocky Hill, Suffield, Simsbury, Weatogue and West Simsbury.
Property Investments: Agent’s Vital Role
Hartford real estate listings auctions witness an important role being played by its real estate agents. The city’s prominent property brokers include Tom Murphy, David J. Reilly, Samuel Cohen and Karen Kulak. The agent’s role is vital because she can guide the buyer through the plethora of choices of homes and mortgage schemes into making sound decisions. The millions of foreclosure filings are proof that financial misjudgments in real estate are severely punished. If you are a first-timer at the Hartford property auctions, you ought not to invest a penny without seeking ratification for your choices from a veteran real estate agent. Indeed, the economy is currently in a state of considerable turmoil, flux and uncertainty. The foreclosure auctions no doubt represent an unusual opportunity of picking up gorgeous houses at about half their typical prices. However, the volatile real estate sector would mandate that you invest considerable thought and planning before risking your hard-earned money in major investments in unpredictable economic times.
