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Home Buying in 06010 : Real Estate Advice

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  • Home Buying4
  • Home Selling2
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Activity 4
Fri Nov 11, 2016
Sally Grenier answered:
Your lender needs to give you an estimate. Closing costs can range from 1-3% of the purchase price. Depending on the type of market you're in (i.e. seller's market vs buyer's market), you may or may not be able to negotiate for the seller to pay all or a portion or your closing costs. Your lender may also be able to cover some of the costs. (but for a price...usually a higher interest rate). Again, you need to sit down with your lender and review everything. ... more
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Thu Feb 21, 2013
That is only for w2- for the self employed 90% of banks want to see 2 years full tax returns, whether just out of school or not.
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Sat Nov 26, 2011
Brent Bell answered:
If the house was listed with a realtor and you are being represented by a realtor, contact your realtor, put it together and have your realtor present the offer! If the owner has already accepted another purchase contract, consider making a back-up offer. Often buyers who do not understand the complexities of our financing environment are receiving pre-approval letters from lenders who end up turning them down for a variety of reasons---causing houses to come back on the market. If anyone wants a list of 5 easy steps to reducing stress in the mortgage process from a real estate agent with over 20 years of experience in Connecticut, send me a short email.... ... more
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Tue Oct 7, 2008
Elisabeth answered:
Hi Dawn,

If you're looking for a lease-purchase: I would recommend you check out properties that are for sale or rent, especially by owner. Contact them and simply ask if a lease purchase or "rent-to-own" is possible. I did this myself, and two of the owners responded favorably! A lot of people just want to unload their property right now. I am renting a house and might consider a lease-to-purchase arrangement, as I would like to move soon...

Regarding assistance: You may be eligible for Section 8, which can pay a good portion of your rent. Definitely contact DSS and see what other programs you may be eligible for:
... more
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