Home Buying in Fairfield>Question Details

Koggy, Home Buyer in Bethel, CT

Are the homes priced at the top end of Betel's Re. Market sustainable? will they have to come down, there are no comps?

Asked by Koggy, Bethel, CT Thu May 3, 2012

We are looking at Bethel and Easton, it seems in Bethel we are at the top of the Real estate market and are apprehensive of the lack of comps., although we like the area and town, would we be better off in Easton, we we are not the top of the market? Many thanks!

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Jay Cooke’s answer
Hi Koggy,

It would appear that you are working with an agent. Have your agent run a report on the Bethel market for the last 2 years and include 1st quarter results as well. It would also be interesting to know what the historical highs were in the town and when they were achieved.

Talk with your mortgage broker. How long are you planning to stay in the house? At today's rates a slight "overpayment" on the purchase price can easily be covered by the lower rate over time. It could be dollars a day. Meanwhile, you're living in a house your love. in a wonderful community that hopefully you'll be part of going forward.

If you are not in a contractual agreement with a Realtor, by all means contact me. I have a house nearby.
Best, Jay Cooke
0 votes Thank Flag Link Thu May 3, 2012
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