Home Buying in 06405 : Real Estate Advice

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John Burke, Real Estate Pro in ELK CITY, OK
John Burke answered:
Is 3% enough down to compete to buy a $249k home in branford?
Hi Wendy,

Fannie Mae used to offer a 3% down conventional loan but they stopped in November when DU Version 9.1 was released. Here are the guidelines : https://www.fanniemae.com/cont ... more
1 vote Share Flag Thu Jan 9, 2014 Home Buying in 06405
Agent/Owner,  in Branford, CT
Agent/Owner answered:
RE 4 Prospect Hill in the Stony Creek part of Branford, CT. Does it flood here?
No idea. Short Beach Maple Street does not require FEMA Flood Insurance Certificate - no flooding during Irene at all. fyi...
0 votes Share Flag Sat Oct 27, 2012 Home Buying in 06405
Paul Marzolla, Real Estate Pro in Fort Lee, NJ
Paul Marzolla answered:
Hello everyone I would like to purchase a multi family property in Meriden area for investment. looking for REO. any information will help, Thanks?
With investment properties there are certain conditions that must be met when obtaining a mortgage. If you would like to be pre-approved it would take me a few minutes to see where you ... more
0 votes Share Flag Mon May 7, 2012 Home Buying in 06405
David Carr, Real Estate Pro in North Haven, CT
David Carr answered:
How long do you have to terminate a "exclusive right to represent buyer authorization" ?
You can cancel by providing a letter to the broker of record at their place of business via fax, email or regular mail. If there is a specific non performence issue that should be state ... more
0 votes Share Flag Mon May 7, 2012 Home Buying in 06405
Joanna Martin, Real Estate Pro in Guilford, CT
Joanna Martin answered:
Is it a significant disadvantage to buy a house without a basement? Is there anything that can be done to address this issue?
In CT most homes have basements, so buying a house on a slab is not the usual situation and therefore you would expect to pay less for it. The only exception would be a raised ranch st ... more
0 votes Share Flag Fri Apr 1, 2011 Home Buying in 06405
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