All Forum Posts by: Mike Parelli

I would highly recommend working with an agent who is familiar in the area. They look at deals all day (the good ones anyway). I would be happy to speak with you further about your goals. Stamford is a very interesting area right now and going through lots of change. Best of luck, Mike

Hey Pete, welcome to BP. I grew up in Greenwich, CT and am now an agent/aspiring investor in the area. Would love to chat more.

I've been an entrepreneur my whole life and think real estate in general aligns perfectly with it. Let me know if you would like to grab a coffee or something. My days are flexible.

Best of luck!

-Mike

Thanks for sharing Frank. I'll keep an eye out to see if I have any clients who may be interested in this. Do you do a lot of work in Stamford, CT?

Jaysen Medhurst great info and advice!

Hi Alfredo O. , I'm an agent in the Greater New York City area. Through my experience I've learned renters/buyers don't have great imaginations. Typically you have to serve everything up to them on a silver platter. I think staging showcases the positives of your space. Staging can help you sell/rent a property but if the real reason it isn't selling/renting is because it's overpriced then you are wasting your money. You can usually gauge what the problem is from the feedback. Always listen to the market and adjust. Hope this helps! Mike

Dan Leyden cheap yes. But they are fetching "luxury" rents and providing desirable amenities. If you are going to compete with the big buildings for the young professionals, I personally think you need to shoot for the segment that can't afford those buildings and are just below. For example the renters right out of college or just a couple years who pay $2000-$2500 for a two bedrooms vs. harbor point at the $3000 for a 2 bedroom. What do you think?

Dan Leyden good point. Sean Tracey Another thing to be careful about is the schools in Stamford are nationally ranked lower than its surrounding areas. So you lose a lot of the renters with kids going to school to the surrounding areas (like Greenwich, Wilton, Darien, etc...).

@Sean Traceyyes @Jaysen Medhurst has a great point. Stamford has turned around big time in the last 5-10 years. Their improvements to an area called Harbor Point are amazing and all rentals. But the surrounding areas over there have not gentrified yet.

In addition, Downtown has added a ton of new luxury buildings to satisfy the demand, but again they are mostly luxury rentals.  Their are multifamilys near downtown Stamford, but you do have to be careful that you aren't too far from the downtown or harbor point areas.

In general I think Stamford's biggest marketing tool is their Alive at 5 series during the summer. You get all of Fairfield County CT attending and being exposed to the downtown area. I think that is the reason for constant inflow of renters. Check out their lineup this year  

http://stamford-downtown.com/events/alivefive-outdoor-summer-concert-series/#.Vz4FHfP2Z9A

Hope some of this helps.

Please excuse any typos.

 

Hi Perry, Lately a lot of experienced developers and new developers are throwing their hats in the ring. Which I think is a good sign for Greenwich Real Estate. I look forward to learning more about your experiences. I'm born and raised here and will be working as an agent/investor for the long haul. I love this industry and am trying to learn as much as possible.

Hi Dan, You should check out New England Land. The real last boutique firm left in Greenwich. Privately owned. I know Danielle Claroni works with a ton of investors. Full disclosure that is my brokerage. Either way I would speak with multiple agents. Good luck!