The best way to determine value is to have a local real estate agent do a market analysis of the property. There is generally no cost for this valuable service. The market analysis will also provide you with insight as to recent comparable sales activities as well as what is currently on the market competing with the sale of your home.... more
Wheller Village is a rental housing project that is tied to income. There is a waiting list in all the senor income related housing in Southington. I would like to be of more help but it is best to speak to someone for Southington Housing. You can start with calling the town hall general number and they will diredt you. If you would like rental housing from private sources there is still a shortage. Most of the housing for seniors in this area starts at no less than $1000 plus utilities. There is also a wiaitng list in this area also. Best to contact a local realtor to keep an eye on the rental market.... more
Pricing it right is a good place to start. Provide as much info as possible in the MLS, including uploading as many photos as you can. Make sure it's on all the major real estate websites. If you don't get any activity right away, then there's a good chanced it's not priced properly. If you get lots of activity but no offers, then you need to take a look at the house and figure out why it's not selling. (Does it not show well, does it have a poor floorplan, is it in a bad location, etc.) Somethings you can change, others you can't. For the things you can't change, you make up for in a price reduction.... more
I run into that kind of situation a lot. I'd be curious what the town records indicate. I usually consider whether it has egress which it obviously has, more than I consider closets. Sometimes I'll list something as a 3 bedroom and then indicate in the MLS exactly what the situation is so we are disclosing properly. Then the agent or buyer can determine whether they want to see it or not.... more
You say that the place is vacant, but the person is living there...which is it? If it is vacant, then I think you are in a better position, but either way you should get a VERY good real estate lawyer to help as quickly as possible (before someone moves in).
Title insurance is not relevant here because title is not at issue, possession is.
If you need a reference for a lawyer, I have a great one that I use myself as well as recommending him to my clients. Contact me if you would like his name.... more
Is this a condo or a duplex. The answer is different for each. If it's a condo then it must have an association, rules and regulation, a budget, insurance on the exterior of the building and for common elements. If there are only 2 units in the building chances are those documents are missing and the property cannot be financed using FHA funding. Give me a call If I can help?... more