East Lyme : Questions & Answers

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Nancy Warbur…, Real Estate Pro in Gales Ferry, CT
Nancy Warburton answered:
I am thinking about making an offer on a home. I know it's a buyers market, but I don't want to insult the seller. Is there a % to start my?
This is what a market analysis does for a buyer. What have similar homes been selling for in this town? What is the condition of the home you are interested in? East Lyme is popular tow ... more
0 votes Share Flag Thu May 1, 2014 Home Buying in 06333
Jeff Kulas, Real Estate Pro in 06333
Jeff Kulas answered:
How is the market in East Lyme and Niantic these days? Is it a good investment?
The market has definitely been getting better over the past year here. But, always make sure to do your due diligence in regards to any property you intend to buy.
0 votes Share Flag Sat Mar 22, 2014 Home Buying in 06333
Will Beecher, Real Estate Pro in Albuquerque, NM
Will Beecher answered:
What is the difference between a HUD home, a SHORT SALE, and BANK OWNED? Are they all the same?
There are a lot of great answers here. I would like to add one comment that HUD also has a Short Sale Program too: http://www.realestate.com/advice/understanding-the-hudfha-short-sale- ... more
0 votes Share Flag Wed Sep 18, 2013 Home Buying in East Lyme
Rob McConvil…, Real Estate Pro in Madison, CT
Rob McConville answered:
How does a HUBBARD CONTRACT work? Is it a positive to accept a hubbard soon after my home is listed?
I agree with Sally, from the sellers perspective it can be a negative because buyers may not want to even look at the home because they feel it is "under contract" and therefore not wor ... more
0 votes Share Flag Wed May 22, 2013 Home Selling in 06333
Michelle L.…, Real Estate Pro in Niantic, CT
Michelle L. Mayo, ABR, SRES answered:
What are the current minimum credit score & down payment requirements for home purchases in East Lyme area?
I believe, with the new FHA guidelines, you’d have to wait 3 years after a short sale in order to qualify to purchase another home.

If you could get somebody willing to do a m ... more
0 votes Share Flag Wed Aug 29, 2012 Home Buying in East Lyme
Betsy Purtell, Real Estate Pro in Cheshire, CT
Betsy Purtell answered:
Can I look at houses if I haven't talked with a bank yet? What is best to use, bank or mtge co?
Hi Sally,

It is best to see a mortgage broker or or lender before you shop so you know what amount of a mortgage you can qualify for. My advice would be to get a pre-approval from t ... more
0 votes Share Flag Wed Mar 28, 2012 Home Buying in 06333
Kathleen Long…, Real Estate Pro in 33573
Kathleen Long Realtor answered:
What's a fair price to pay my Realtor if the seller won't pay the Realtor commission and I found the property on my own?
You could always ask your realtor if he or she is willing to reduce his or her commission. But - usually your realtor is only getting 2 or 3 percent, minus his or her broker expenses an ... more
0 votes Share Flag Wed Aug 24, 2011 Home Buying in East Lyme
Michelle L.…, Real Estate Pro in Niantic, CT
Michelle L. Mayo, ABR, SRES answered:
I saw Waterhouse Realty LLC is adverticing several new construction houses in Orchards development in East Lym and the prices are very high compared
Hi John! Have you seen them? These are built to perfection homes. The builder has great reputation, with past developments in Spinnaker and Seaspray.

The average sales price histo ... more
0 votes Share Flag Wed Jan 13, 2010 Home Buying in East Lyme
Ann Grant, Real Estate Pro in West Hartford, CT
Ann Grant answered:
How long should one wait for a pre-foreclosure sale to come to contract?
Have your agent call the seller's agent to see if he or she can find out what the time frame is (you will not get a definite answer but an approximate is better than no answer). I work ... more
0 votes Share Flag Fri Sep 26, 2008 Foreclosure in East Lyme
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