Nobody knows that but the banks and the home occupier(s), it's the wildcard....Connecticut fares better in historical ratios of forclosure activity than 33 of 50 states in the US...... up to today.............the real issue is the value of home owneraship to You at this time based on your plans, lifestage, life style, income and resources. Everybody allocates a percentage of their income for housing/food/etc...........You have to decide that equation, a very personal choice that I help you evaluate if your are my client... more
Hi, Jeff Granoff here, from GRL & REALTORS, in New Haven. The reason the monthly fee is higher than expected for a condo is because it also includes heat, hot water, and property taxes. In addition, 40% of the monthly fee is tax deductable. If you have any further questions, please feel free to contact me. My phone is 203-494-1337. There are several units currently available. It would be my pleasure to help you find a new home.... more
Well I must be the worst agent in the world. I advise my clients to spend less than what they're qualified by their lender. My advice is always spend as much as you are comfortable with knowing you will be making payments for the next 30 years.
I would caution you about taking home buying shows with a grain of salt. Many of them are partially scripted. And the most popular show 'Househunters' is an outright twisting of the truth. In fact the 'buyers' have already bought a home and they're being shown comparable homes. But for the sake of TV the outcome is known even before they shoot one foot of film.
And for every $1,000 more a buyer spends on a home, the agent profits approximately an additional $10 to $20. And the home STILL has to appraise, the homeowners have to qualify and the underwriter has to approve it all.
Just remember, in the end the decision is yours as to how much you should spend. And if you have an agent that doesn't understand, find another agent.... more
The assessed value is usually 80% of the appraised value. Depending on the area, condition and age of the home should all also take a play in the pricing of a home. I would be more than happy to assist you further on your home search and do a free comparative market analysis of the homes you are interested in. Julie Lucia, Realtor, Showcase Realty, 203-578-5631 firstname.lastname@example.org... more
My best suggestion is to use a mortgage broker. They typically work with a large number of lenders and can usually shop rates. When your credit is pulled an inquiry is noted on your report, when you are mortgage shopping among lenders whithin a short period of time the multiple inquiries for a mortgage usually don't count against you.
Get in touch I have a few excellent brokers I can suggest.... more
There are a lot of options available. There would be much more criteria needed on the home that will suit your needs to even begin.
I suggest you seek the assistance of a Realtor that is familiar with the area such as myself. Give me a call if you need assistance.
Sounds like you're not comfortable with the dual agency issue, and to be honest I am not a fan of it. Tell her you do not agree to it. I know in VA that is an option of anyone - everyone is entitled to their own agent. Tell her you want to have separate agents so you can have the agency representation you're paying for. This is the kind of market where that is understandable.... more
What sort of litigation?
There are some types that are pretty certain to be resolved, and can be resolved fairly quickly.
There are other types that could drag on for years.
You need to get a fairly good idea where along that spectrum your house falls. Best place to start is your Realtor.
Hope that helps.... more
I suggest that you check your purchase contract regarding your $1K deposit as usually this goes towards your cash down payment for the property and helps to determine what amount you will be financing (if it's not a cash purchase). You will receive a credit at closing for the $6K from the seller to assist with your closing costs.
Good luck to you!
Prudential Connecticut Realty... more