Stonington Homes for Sale

Stonington Realtor Bridget Morrissey reports that the median sales price for homes for sale in Stonington rose to $350,000 while the median estimated home value is $394,000.

Three and four bedroom homes were the most popular, as expected. Nine 3 BR homes were sold at an average of $342,533 while eight 4 BR homes sold had an average sales price of $556,250. 21 pending sales average $447,333. Twelve of the 19 homes sold were on the market for 90 days or less with seven only requiring a month or less to sell.

With prices rising, low mortgage rates and homes selling quickly all indicators are pointing to a low inventory of available homes for sale.

However, the presidential election cycle and fears of recession could change the direction that home values are going.

For more information about Stonington homes for sale call or text Stonington Realtor Bridget Morrissey at 860-857-5165.

By Angela Colley for realtor.com| Jan 27, 2016

Showing your house is the exciting part of selling a home, but let’s face it: It takes a lot of work to get there. Once you’ve made repairs, chosen a Realtor®, and decided on an asking price, your home is almost ready for market—but first, how about a little primping and polishing? Or maybe a lot of primping and polishing.

After all, you want your home to make a great first impression on buyers—and that’s where we can help. To show your home in the best possible light, heed these savvy seller tips.

Stash your stuff, stage to sell, and boost your curb appeal.

Once you’ve gotten your home looking fantastic both inside and out, it’s time for the Realtor to break out a camera and spread the news that it’s up for grabs: with an eye-catching real estate ad, of course! For more information on how to stash, stage and boost your home for sale go to bmre.us/hint3

More tips for home buyers and hints for home sellers can be found if you go to bmre.us/tips

By Stephanie Booth for realtor.com| Jan 23, 2018

In an effort to clue you into some of the challenges you’ll face as a first-time home buyer, we asked some folks who’ve already gone through the ringer to spill what they wish they’d known earlier, that would have saved them a ton of time, effort, and tears. Here’s to hoping their 20/20 hindsight will help pave your own path to home-ownership.

You can’t get pre-approved by plugging in simple numbers on a mortgage calculator. You need an experienced lender who will take a detailed history and require documentation of your assets and income. This is the only way you’ll establish if you qualify for a mortgage and for how much.

It looks perfect, What could go wrong? The home inspection, that’s what.  No matter how nice a home looks, a home inspection is the only way to make sure you aren’t buying a lemon.

Buying a home requires you to stay on top of your to-do items, especially during the escrow process where there may be penalties for missing a deadline. Prime among this is the three-day requirement to send in your deposit. Miss that and you may miss out on the deal.

A lender can make or break a deal, so choose wisely. One of the main things to look for besides the loan rate is the responsiveness of the lender. They need to move fast or the deal may fail.  Your Realtor knows the track record of lenders in our area.

It’s tough not to get disheartened while house hunting. Competition is fierce, and you need to prepare yourself for the long haul.

You may need to adjust your criteria so more possibilities are opened up. In the meantime, “keep making those offers. One of them will get accepted.”

For more information on what to expect when looking for your first home go to bmre.us/tip3

More tips for home buyers and hints for home sellers can be found if you go to bmre.us/tips

For more tips for home buyers and hints for home sellers go to bmre.us/tips

By Angela Colley for realtor.com| Feb 25, 2016

Ah, closing on a house. It’s the finish line! You’re almost home free (or free of your home in this case). You’ve accepted the buyer’s offer, the negotiations are finally winding down, and there is only one more little box to check: closing.

OK, so maybe it isn’t a little thing. And maybe you’re a little bit worried something is still going to go wrong when closing on a house. That’s why we’re here to help get you through closing without a hitch—or barely a hitch (hey, stuff happens).

So check the approved offer, make a note of any repairs you and the buyer agreed on, and get to it—and don’t forget to cover yourself. Save receipts from items purchased and invoices from contractors, and take before and after photos of any work completed. You will have proof that repairs were completed on the off chance that the buyers contest them during the walkthrough or at closing.

Before your closing —often 24 hours or right before—the buyers and the buyers’ agent will do one more walkthrough of the house (for which you should not be present).

If things are going smoothly, the closing for you might boil down to a blur of paperwork.  Unless problems creep up—or the buyer wants to negotiate further—you only have two jobs: waiting and reading documents.

Once the negotiations are handled and the papers are signed, the buyers’ funds are transferred to your attorney, who will handle the payments to cover your loan and pay your real estate team. Thankfully, this part is handled by someone else.

And then comes the best part: You’ll get a check for the remainder! For more details about the closing process go to bmre.us/hint2   For more tips for home buyers and hints for home sellers go to bmre.us/tips

by Margaret Heidenry | Sep 1, 2019

How much is homeowners insurance? It’s a question with answers that are going to vary for each homeowner, depending on the size, age, and condition of the home, as well as the deductible and liability coverage. But know this: No matter how safe and secure you feel in your home, it’s a fact of life that bad things can happen at any time—floods, fires, sinkholes, theft. And that’s why buying home insurance is a must. But how much does homeowners insurance cost? The average annual premium runs about $1,083, but a bunch of unique factors can go into calculating a specific quote, and that information could help you get a lower home insurance rate in some cases. Got it? Go to bmre.us/tip2 for more information.

Owning a home means you can build equity, take advantage of tax deductions, and partake in a little something called the American dream. For the past couple of years, the U.S. homeownership rate has hovered around 64%. But there’s also a considerably large pool of renters in the country who have plenty of reasons for not buying. And some of those explanations are totally legit: Financial, economic, or personal limitations can prove that now is not the right time to buy. But we know an excuse when we hear one.

We get it—investing in real estate is a huge commitment. It’s scary and exciting all at the same time. But what if buying actually is in the realm of possibility?  Go to bmre.us/tip1 and learn more about owning your own home!

The story was written by Terri Williams for realtor.com on Sep 4, 2019.

Sellers should think about classic neutral colors that may be easy for the buyer to paint over for their own taste.  Agnès Carpentier has a September 10, 2019 article at realtor.com

Color Trends From the 2019 Maison & Objet Design Show

If you’re ready for a change from white, gray or a single bold hue, you’ll like this news out of the Paris trade fair.

Sweet Harmonies of Beige, Taupe, Greige, Honey and Fawn are back.

Bridget Morrissey exemplifies sincerity, honesty, creativity and energy in every real estate transaction. Her willingness to go the extra mile to get it done is appreciated by both clients and other Realtors.

Bridget is well known from East Lyme to Westerly in many circles. Her two boys grew up in New London and Westerly and were active in Little League, Boy Scouts and St Mary Star of the Sea Church. Bridget’s Aerobics in Groton and Westerly were two very popular fitness centers in the 90’s. She also achieved national recognition from AFLAC for Management Excellence and was part of a focus group launching “The Duck”.

Bridget has been trained and inspired by many people resulting in a successful real estate career. Licensed in Connecticut and Rhode Island in both Real Estate and Life Insurance, Bridget has helped many people to both achieve the home of their dreams and to protect it for their family. Proactively looking out for her clients has merited Bridget many accolades. The Commercial Record of Boston MA recognized her as a Woman of FIRE (Finance, Insurance and Real Estate) presented by Lt Governor Nancy Wyman. She is a four time recipient of the Five Star Professional Real Estate Agent Award as seen in CONNECTICUT Magazine and is also a Zillow Five Star Agent. Bridget has also attained the Master Sales Award from the Eastern Connecticut Association of Realtors and has been recognized in 2019 as an eXp Realty ICON Agent.

Communication, Dedication, RESULTS is her motto. Bridget is passionate about the needs and goals of her clients and goes to extraordinary means to accomplish them. Her extensive knowledge of Southeastern Connecticut and South County in Rhode Island serves her clients well. Bridget knows what it takes to successfully close a transaction making the buying and selling process a comfortable experience.

If you are looking to list your home or are in the market for a home then please call/text Bridget Morrissey at (860) 857-5165. She would love to learn a little about you and your home needs!

CT Broker of Record is eXp REALTY 15 North Main Street, Suite 100, West Hartford CT 06107. The local address is PO Box 706 Old Mystic CT 06372