Home Buying in Greenwich>Question Details

Lsabol, Home Buyer in Greenwich, CT

I am interested in purchasing a townhouse in either Greenwich or Stamford. Which area has a better resale value?

Asked by Lsabol, Greenwich, CT Sun Oct 17, 2010

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7
Laura Calabrese’s answer
Both Greenwich and Stamford are large towns so it really does depend on what area of the town you are looking in. Both towns have properties that would most likely meet your criteria, but to get an accurate answer to your question you really would need to talk to an agent and give them an idea of the price point and areas of the towns that you are interested in. The answers to those questions really would determine which town better serves your needs.

Laura Calabrese
Coldwell Banker
203-536-8523
laura.calabrese@cbmoves.com
0 votes Thank Flag Link Tue Apr 5, 2011
Hello Lsabol,
Great question as Greenwich and Stamford are quite different. Greenwich is a more affluent town and doesn't have as many condominium complexes to offer as Stamford but it has a shorter commute to NYC. Stamford has a more lively downtown area where many condominium buildings are located for residents to enjoy the amenities of shopping, dining, theatres, and such in the neighborhood which you can walk to. Resale value does depend on the location, condition of the unit and complex, and amenities offered so take these things into consideration too.
I hope this is helpful!

Laura Feghali
Prudential CT Realty
203-536-4802
laurafeghali@prudentialct.com
0 votes Thank Flag Link Wed Oct 20, 2010
It depends on the quality and location of the property, but in general, Greenwich has a better resale value because there is a greater demand for homes in Greenwich due to lower taxes, faster commute and excellent schools.
Web Reference: http://www.susanderson.com
0 votes Thank Flag Link Mon Oct 18, 2010
As for resale--keep in mind that none of knows for sure where the market will be tomorrow or down the road--what we all know is today--buy, where you will be happiest living, based on your finances, wants, needs, lifestyle, etc.; keep in mind that opinions are often subjective and what may be good for one is not necessarily the case for another.
0 votes Thank Flag Link Mon Oct 18, 2010
One other thing to consider is what is mentioned in condo docs. 1st, do they allows pets. Also, resale will be determined by the numbers owner occupied versus what is rented. Banks are concerned with 50% if rented. It will be more difficult to get a mortgage. Even if not needing a mortgage, it will effect resale. Another point to consider is if the compex is mixed use. Coventional mortgese may not apply. A portfolio lender maybe need. There is a glut of condos on the market and prices are decreasing. So be wise. For CT has anyone offered or registerd you on Lisingbook? I would be happy to. It mirrors our MLs and is in Real Time. It has everything we reatlors have available. You can research actives, accepted offers, CTS, pending and sold.
If you need further info please feel free to contact me.

Sincerely,

Candy Lipira
"Your Beacon to Fairfield County Lifestyles"

Candace Lipira, Realtor
Keller Williams Platinum Properties
203-856-8501 cell
203-544-9786 home
candylipira@optonline.net
candylipirahomes.com
0 votes Thank Flag Link Mon Oct 18, 2010
I'm an agent in Greenwich, so I want to say Greenwich, but it is really a case by case example. You need to find a broker that can show you the history of the building and area you are looking at. Ideally this would mean talking to two brokers (each an expert in one location).

I'd be more than happy (as would every other agent on Trulia) to show you the history of specific areas within Greenwich. Greenwich, as well as Stamford, is very large and has several different neighborhoods, so you need to be even more specific with your search and resale concerns.

Best,

Scott

mobile - 203.940.0444
email scott@elwell.com
Web Reference: http://www.scottelwell.com
0 votes Thank Flag Link Sun Oct 17, 2010
Greenwich!
You will pay more for a home in Greenwich but property taxes are lower.
0 votes Thank Flag Link Sun Oct 17, 2010
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