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May 14, 2021

21 Talcott Farm Road. Old Lyme CT

New Listing !!

Set on the Western Banks of the Lieutenant River on a 1.9 Acre Waterfront Lot this 5200 Sq/Ft Architecturally Designed Contemporary Home will speak for itself! Re-Engineered in 2019 by it's current owner you can immediately sense their level of commitment to make this 'Rare Gem' shine again! Check out those Pics & our Virtual Reality Tour! 180 Degrees of Wonderful Water Views, Nothing but Glass everywhere you look bringing the outside in, a Light, Bright & Inviting Foyer, Gleaming Random Width Oak Flooring, Two Master Suites, Whole House Generator, Professionally Designed Commercial Grade Kitchen w/ Stainless, Varying Height Natural Stone Counters & an Abundance of Stowage, An eastern facing 1st Floor Master Suite that welcomes the morning sunshine & offers the perfect spot to watch the natural world rise, Wonderful Built-Ins & Mill Work throughout, Beautifully Lit Sunroom taking full advantage of the Views at every turn & a Spacious Formal Living Room w/ an oversized Soap Stone Fireplace as it's centerpiece. Located within the private community of Talcott Farms and enjoying a short stroll to the community dock, neighborhood playground, The Lohmann Buck Twining Preserve & Hiking Trails as well as the Association tennis court this residence is the perfect opportunity for tranquility and convenience. It’s a great time to buy your 'Dream Home'. We are always here to help.

 

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩

𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.

 860.460.8053

billheenan@billheenan.net

https://www.billheenan.net

Posted in New Listings
May 13, 2021

2 Ridge Drive South. Old Saybrook CT 06475

New Listing !!

Welcome to 2 Ridge Drive in Old Saybrook, boasting 3 bedrooms, 3.5 baths and over 2200 sq ft of livable space. This modern split w/farmhouse flair surrounded by 1.3 professionally landscaped acreage is the definition of simple tranquility. When you enter this truly one of a kind home you will be delighted. The beautiful shiplap entry with stone tile flooring leads you into this warm home. You quickly notice the gorgeous custom designed kitchen with high end granite. As you make your way into the great room natural beauty greets you. The great room was meticulously designed to be the heart and soul of this unique home. The stone fireplace and 18 ft vaulted ceiling create a sun filled space. Beauty surrounds you, with views of the spectacular grounds. Two master bedrooms with ensuite custom tiled baths are a few steps away on the upper level. The larger master has wall to wall Anderson sliding windows leading to a private deck with captivating views of all nature has to offer. Enter the master bathroom and you will be at your own personal spa. Oversized shower with seat, body sprays and overhead rain head are just the beginning. The lower level family room is ideal for a home office space which also leads to the large sunroom and access to the side yard. Around the corner is a beautiful spring feed swimming area that is private to residents. This home is truly a pleasure to show. Please come and take a look!

 

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩

𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.

 860.460.8053

billheenan@billheenan.net

https://www.billheenan.net

Posted in New Listings
April 8, 2021

7 Watercress Ave. Norwich CT

New Listing !!

Check out this bright & sunny 3-Bedroom, 2-Bath Colonial home nestled on a quiet side street in Norwich, CT! The beautiful stone patio will be the perfect spot to enjoy your morning coffee while listening to the sounds of the nearby river. Stepping inside you will find a spacious living area with abundant natural light and hardwood floors throughout. The kitchen features granite countertops and large picture window overlooking the backyard. This well-cared for home won't last long! Schedule your showing today. We are always here to help!

 

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩

𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.

 860.460.8053

billheenan@billheenan.net

https://www.billheenan.net

Posted in New Listings
April 8, 2021

900 Vauxhall St Ext. Waterford CT

New Listing !!

Spectacular 5000 Sq/Ft Contemporary Cape with 5 Bedrooms & 3.5 Bathrooms situated on a 2.76 Acre Parcel. Check out our Pics & VR Tour. Beautifully shaped In-Ground Salt Water Pool, Natural Stone Walls and a scenic 36' x 24' Three Stall Barn w/ a Loft just waiting to be finished. Huge 1st Floor Master Suite, Gleaming Hardwoods, 9' Ceilings, Windsor Moldings, Open Rail Balcony, Floor to Ceiling Field Stone Fireplace, Great Room w/ Vaulted Ceilings & Electric Skylights, Custom Granite & Stainless Kitchen w/ 36" Wolf Duel Fuel Stove, Gigantic Breakfast Island, Six Zone Whole House Audio System, Central Vacuum, Whole House Sound Proofing System, Extensive Security w/ 8 Exterior Cameras, DVR & Remote Access & a comprehensive Lawn Sprinkler System. The fully finished walkout lower level is an ideal In-Law set up for those aging parents or 'Getting Older' kids. We are always here to help!

 

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩

𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.

 860.460.8053

billheenan@billheenan.net

https://www.billheenan.net

Posted in New Listings
April 8, 2021

16 Laurel Crest Dr. Waterford CT

New Listing !!

Holy Great Neck!! Just bring the bikes! Located only a short ride from Harkness Park, Waterford Beach, The Eugene O'Neil Theater & everything else the southern side of Waterford has to offer! This Four Bedroom & Two Bathroom Colonial is a great opportunity for a First Timer or an Old Timer! Large 'Eat-In' Updated Kitchen, Stainless Appliances, Hardwood Floors Up & Down, Terrific Floor Plan, First Floor Family Room, Fireplace, Front Porch, Large Deck, Full Basement & a Two Car Garage. Check out those Pics & Virtual Reality Tour. Fantastic residential lot on a wonderful Waterford cul de sac. Close to Schools, Playgrounds, Shopping & The Library. Welcome FHA & VA Buyers. It is a great time to buy a house! We are always here to help!

 

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩

𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.

 860.460.8053

billheenan@billheenan.net

https://www.billheenan.net

 

Posted in New Listings
April 8, 2021

31 Oswegatchie Rd. Waterford CT

New Listing !!

Everywhere you look. Water! Water! Water! Direct Niantic River Waterfront Embankment Ranch Style Home w/ an 80' Deep Water Dock! Just bring the boats! Check out those Pics & Virtual Reality Tour. Unique waterfront covered patio w/ a wood burning fireplace. Open & Contemporary Floor Plan. First Floor Bedroom. First Floor Laundry. Perfect 'In-Law' set up in the Walkout Lower Level. Spectacular location on the Eastern Shores of the Niantic River w/ Wonderful Views of Oswegatchie Hills, Sail Boats, Water Skiers, Osprey, Water Foul & the occasional Bald Eagle. It is a great time to buy a house. We are always here to help.

 

 

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩⁣

𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.

860.460.8053

billheenan@billheenan.net

https://www.billheenan.net

 

 

 

Posted in New Listings
April 8, 2021

251-1 Mile Creek Rd. Old Lyme CT

New Listing !!

A true New England gem! Sitting on a sunny 1-acre lot, this charming 3 bedroom, 1 1/2 bath cape cod-style home has had only one owner for the past 57 years. Inside the home features two fireplaces; one in the formal living room- complete with built-ins, and the other in the partially finished basement. Beneath the carpeting original hardwood flooring is just waiting to be revealed. Outside, the detached 2-car garage features power openers and additional storage space. The deck off the back of the house will be the perfect spot for outdoor entertaining- a New England-style clam bake would be just the thing this summer! Many updates have been completed in recent years including newer vinyl siding, roof replacement in 2014 and a new boiler installed in January of 2021. Schedule your private tour today! We are always here to help!

𝐓𝐡𝐞 𝐁𝐢𝐥𝐥 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩⁣
𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬.⁣
860.460.8053⁣
billheenan@billheenan.net⁣
Posted in New Listings
March 29, 2021

What Is the #1 Financial Benefit of Homeownership?

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains:

“Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”

Odeta Kushi, Deputy Chief Economist at First American, also notes:

“The wealth-building power of homeownership shows that home is not only where your heart is, but also where your wealth is…For the majority of households that transition into homeownership, the most recent data reinforces that housing is one of the biggest positive drivers of wealth creation.”

Last week, CoreLogic released their latest Homeowner Equity Insights Report, which reveals the surge in wealth created over the last twelve months through increased home equity. The report makes five key points:

  1. Roughly 38% of all homes are mortgage-free
  2. The average equity gain of mortgaged homes in the last year was $26,300
  3. The current average equity of mortgaged homes is greater than $200,000
  4. There was a 16.9% increase in total homeowner equity
  5. Total homeowner equity reached over $1.5 trillion

Here’s a map that shows the equity gains by state:What Is the #1 Financial Benefit of Homeownership? | MyKCMIncreasing equity is giving homeowners the power to better manage the challenges of the pandemic, especially for those spending more time at home. In the report, Frank Nothaft, Chief Economist for CoreLogic, explains:

“This equity growth has enabled many families to finance home remodeling, such as adding an office or study, further contributing to last year’s record level in home improvement spending.”

The financial advantage homeowners have has not gone unnoticed. In the same report, Frank Martell, President and CEO of CoreLogic, states:

“This growing bank of personal wealth that homeownership affords was noticed by many but in particular for first-time buyers who want a piece of the cake.”

Increasing wealth benefits more than just homeowners.

Last year, the Rosen Consulting Group released a report outlining the benefits of homeownership. In that report, they explained what an increase in net worth – which they call the “wealth effect” – means to the economy:

“In economic literature, the wealth effect is a term used to describe the fact that individuals have a tendency to increase their spending habits when their actual or perceived wealth increases. For homeowners, the latent savings achieved by building equity in their home and the growth in home values over time both contribute to increased net worth. Through the wealth effect, this in turn translates to households having a greater ability and willingness to spend money across a wide range of other types of goods and services that spur business activity and provide a positive multiplier effect that creates jobs and income throughout the economy.”

Bottom Line

Homeownership builds wealth through equity, and this creates a positive impact for homeowners and their communities. Let’s connect today if you’re ready to invest in a home of your own.

 

𝐓𝐡𝐞 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩. 𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬

860.460.8053 | billheenan@billheenan.net | www.billheenan.net
Posted in Tips & Advice
March 25, 2021

How to Make a Winning Offer on a Home

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process.

1. Listen to Your Real Estate Advisor

An article from Freddie Mac gives direction on making an offer on a home. From the start, it emphasizes how trusted professionals can help you stay focused on the most important things, especially at times when this process can get emotional for buyers:

“Remember to let your homebuying team guide you on your journey, not your emotions. Their support and expertise will keep you from compromising on your must-haves and future financial stability.”

A real estate professional should be the expert guide you lean on for advice when you’re ready to make an offer.

2. Understand Your Finances

Having a complete understanding of your budget and how much house you can afford is essential. The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Doing so make it clear to sellers you’re a serious and qualified buyer, and it can give you a competitive edge in a bidding war.

3. Be Prepared to Move Quickly

According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average property sold today receives 3.7 offers and is on the market for just 21 days. These are both results of today’s competitive market, showing how important it is to stay agile and alert in your search. As soon as you find the right home for your needs, be prepared to submit an offer as quickly as possible.

4. Make a Fair Offer

It’s only natural to want the best deal you can get on a home. However, Freddie Mac also warns that submitting an offer that’s too low can lead sellers to doubt how serious you are as a buyer. Don’t make an offer that will be tossed out as soon as it’s received. The expertise your agent brings to this part of the process will help you stay competitive:

“Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the area.”

5. Stay Flexible in Negotiations

After submitting an offer, the seller may accept it, reject it, or counter it with their own changes. In a competitive market, it’s important to stay nimble throughout the negotiation process. You can strengthen your position with an offer that includes flexible move-in dates, a higher price, or minimal contingencies (conditions you set that the seller must meet for the purchase to be finalized). Freddie Mac explains that there are, however, certain contingencies you don’t want to forego:

Resist the temptation to waive the inspection contingency, especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”

Bottom Line

Today’s competitive market makes it more important than ever to make a strong offer on a home. Let’s connect to make sure you rise to the top along the way.

 

𝐓𝐡𝐞 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩. 𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬

860.460.8053 | billheenan@billheenan.net | www.billheenan.net
Posted in Tips & Advice
March 24, 2021

How to Be a Competitive Buyer in Today’s Housing Market

Some Highlights

  • With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home.
  • Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process.
  • If you’re looking for an expert guide to help you navigate today’s lightning-fast housing market, let’s connect today.

𝐓𝐡𝐞 𝐇𝐞𝐞𝐧𝐚𝐧 𝐆𝐫𝐨𝐮𝐩. 𝐖𝐡𝐨 𝐘𝐨𝐮 𝐖𝐨𝐫𝐤 𝐖𝐢𝐭𝐡 𝐌𝐚𝐭𝐭𝐞𝐫𝐬

860.460.8053 | billheenan@billheenan.net | www.billheenan.net
Posted in Tips & Advice