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Property Q&A in 06460 : Real Estate Advice

  • All15
  • Local Info0
  • Home Buying4
  • Home Selling2
  • Market Conditions1

Activity 6
Sun Sep 4, 2016
Orysia_iwasiw asked:
Tue Jul 12, 2016
Prussell asked:
This question was asked from this property:
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Fri Jan 9, 2015
mysticretreat16 asked:
The house on the left has been demolished, the property landscaped, and my driveway improved. I have tried to attach recent pictures but the site will not allow it.
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Fri Aug 29, 2014
Demian Broussard asked:
This question was asked from this property:…
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Wed Dec 30, 2009
Ken D'Ademo answered:
Hi Holeva,
Your question is one that could classify as a personal decision. Historically, in most cases, a home closer to the beach will retain its value or increase faster than one that is further away. The personal decision is the differences in the houses, a new home will have settleing cracks and changes,but is brand new and beautiful when you walk in and smells of new wood, paint, sheetrock etc. An older home moves less over time, and from your description, may not be as pleasing when you enter. An older home may also have lead based paint, anything built prior to 1978 probably has lead based paint, unless it was remodeled, where new construction won't have lead based paint. Historically, taxes on an older home will be less than a new home, because the new construction taxes will be based on the current market value. Right now in Milford, taxes are based on the evaluation of 2005, when the market was about 30% higher than it is now. You might want to discuss the tax amount with the Tax assessors office before you buy. One final thought, you will probably pay top dollar for the new construction with less negotiation where the older home may have more negotiation room. You can also do renovations to make the property exactly to your tastes. Basically an older home you can start with a clean slate on the kitchen, bathrooms etc.
Your Realtor should be able to help you talk out these things, and help you get in touch with contractors that could help you with estimates, If you are not represented by a Realtor, as your Buyers Agent, you should be, it's usually free to the buyer, the sellers pay the agents commission. If I can help you any further please let me know. I hope this info has helped you and I wish you Good Luck, & Happy New Year!!
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Sun Jan 11, 2009
Carolyn Nisita-Top Producer answered:
After checking out this site I found it to be just a solicitation for money. Foreclosures are required by law to be printed in the papers for the public. That is one place you could find them. In addition you could go to your State Judicial site in CT. In addition you could go down to the Town of Record to get the most current information.
The best way to look for a Bank Owned property is through an agent. They are generally Listed for Sale with an Agent before they go to the courts. There is a lot of opportunity right now to purchase a home through what is know as a "Short Sale". Feel free to email me so I can send you homes that fit your criteria.
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