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Rocky Hill : Real Estate Advice

  • All26
  • Local Info2
  • Home Buying6
  • Home Selling1
  • Market Conditions2

Activity 30
Wed May 11, 2016
Terri Eberhart asked:
Fri Oct 2, 2015
Dan Tabit answered:
Cjmarselle,

Rent to owns are rare and even more rarely are they a good deal for the renter/buyer. The vast majority of rent to own renter/buyer's never end up buying the house. They are a great deal for the landlord/Seller as they get to collect large up front deposits and over market rent only to do it all over again in the same house. I consider it basically immoral and predatory in most cases.

Resolving credit issues isn't rocket science and a local mortgage lender can and often do assist buyers with this. Many things you can do yourself, others the lender can direct or assist you with.

Most people in this position are far better off renting the least expensive place they can stand to live in and save up some down payment, get on a budget and fix their credit. Once you are qualified, you can select any listed property in your price range and you've fixed the issues that hurt your credit.
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Wed Sep 16, 2015
Rusthomas565 answered:
I am Russell Thomas currently living in USA. I am married with two kids and i was struck in a financial situation and i needed to re-finance and started my own business. I tried seeking loans from various loan firms both private and corporate but never with a GOD son success and most banks denied my credit. But as God would have it, i was introduced to a private loan lender by my friend (Alan Lewis ) and i got a loan sum of (75,000.00USD) and today am a business owner and my kids are doing well. So dear, if you must contact any firm or company with reference to securing a loan with low interest rate of 3%, do contact ( MR WILLIAMS MARK) ( williamsmark685@gmail.com) am so happy now and i decided to let people know more about him, he offers all kinds of loans to both individuals and company and also i want God to bless him more. You can contact his company through this email (williamsmark685@gmail.com) ... more
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Wed Jun 10, 2015
Anna M Brocco answered:
If the property was listed with a broker ask the agent to remove the information, or contact customer service directly http://www.trulia.com/help/ask/ Be aware that photos may appear in other sites as well, therefore you may wish to Google your address. ... more
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Fri May 29, 2015
Ohnellli answered:
Sat Apr 18, 2015
De Woodend asked:
This question was asked from http://www.trulia.com/property/3197360993-71-Hollister-Dr-Rocky-Hill-CT-06067
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Fri Apr 17, 2015
De Woodend asked:
This question was asked from http://www.trulia.com/property/3197360993-71-Hollister-Dr-Rocky-Hill-CT-06067
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Mon Apr 21, 2014
Dan Tabit answered:
dkdfran,
If you are going to make a mistake, underprice rather than over price, you'll come out ahead. In many markets sellers are getting multiple bids and driving prices up. A home priced at the top end of the value range may receive one offer. A home priced at the low end, combined with an aggressive marketing program of getting the home out there, holding an open house and delaying any offer reviews can get multiples and get you more when it's all said and done.
Ask your agent about the number of homes in your area selling with multiple offers or for over list price. If there are many, go for it.
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Tue May 14, 2013
Tracy Heinz answered:
Hi it really depends on the term of your lease. Some companies will allow your lease to be broken for a home purchase or a move with written notice of at least 60 days or more. You would be best to consult with either your leasing agency or your Attorney. I hope this information helps. ... more
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Wed Apr 10, 2013
Lisa Giller answered:
Hi Joanna,

Dogs of any size aren't permitted in this complex. I'd be glad to find you a pet-friendly complex.

Best regards,
Lisa

Gillette Real Estate
860-221-8971
www.GreaterHartfordCtHomes.com ... more
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Wed Dec 19, 2012
Jennifer Barone answered:
Yes, our mortgage company works with a lender that will allow a stand alone second mortgage. If you have $140,000 to put down, your total financed would be $459,000. Your first mortgage could be for $417,000 to remain within the conventional limits. The second mortgage could be for $42,000. This would be the stand alone second mortgage. The minimum credit score requirments for this program are 700 and all properties financed under this program must be owner occupied.

Feel free to contact me for more information. Jennifer Barone. Executive Mortgage Banker. William Raveis Mortgage. NMLS # 700093. 860 227 4688.
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Mon Dec 10, 2012
Jessica Tracy answered:
It depends on your situation. If you just started looking, I would hold out and review your lease to see if you are allowed to give them a notice. If you have found a house and are under contract then you should definately review your lease and talk to the management company or landlord. Most people understand and just want a 30-60 day notice so that they are able to have enough time to find a new tenant.

If you have any questions about the home buying process, I would love to talk to you. Feel free to call me anytime at 860-368-8383.

Jessica Tracy
CG Real Estate
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Thu Jul 12, 2012
Anna M Brocco answered:
Keep in mind that rent to own can be risky and one could stand to lose a bit of money; therefore do inform yourself well. Rather, if you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...... ... more
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Wed Jul 11, 2012
Shannonn85 answered:
Is this an option that could be brought to a sellers attention if they are having trouble selling the house and its been on the market for a while?
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Wed Jul 11, 2012
Al Carbone answered:
There is a process known as "Rapid Rescore" which applies to your situation. I'm a real estate agent and have great faith and trust in my lender of choice. Call Jack Regan of Noreast Mortgage Services. 203-996-7379. Talking is still free. ... more
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Wed Jul 11, 2012
Al Carbone answered:
All condo complexes have established rules and regulations which all owners receive prior to their closing. Your question should be answered within those pages. Just ask the owner. If the owner isn't sure, the owner can ask the management company. ... more
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Fri May 18, 2012
Natalie Mendes answered:
Hi Valerie! Assuming you have no other funds, buying a home with an annual income of $14,000 would be very difficult. There are a lot of ‘ifs’. If you have a decent credit score, no debt, can get a mortgage with a low interest and down payment assistance, and the seller is willing to pay closing costs, you could (theoretically) qualify for a mortgage of about $43000. However, there are virtually no single family homes for this price. While a tiny condo may not be out of the question, your options are extremely limited. A resource like the Connecticut Housing Finance Authority’s homebuyer program would be ideal for you. In addition to financing, they offer a free Homebuyer Education class that provides basic information about homeownership and buying a home. That would be a great place for you to start. More information can be found at www.chfa.org. Feel free to call me at the Coldwell Banker Wethersfield office if I can be of help! Good luck! ... more
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Fri May 18, 2012
Valerie Comeau answered:
If you are ever looking for a really good realtor, Jeff Coleman is excellent, he works for Hagel realty I believe out of Cromwell CT. We used him and he's also very nice.
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Sun Mar 4, 2012
Brent Bell answered:
As an Unrepresented Seller you have many difficult tasks ahead of you. The first is assuring your safety (& that of your family plus your possessions). An experienced agent representing a potential home buyer will require a pre-approval letter from a responsible lender and learn additional background about that buyer before showing any properties to them. This preserves the agent's valuable time and protects both the agent and the sellers.

Unfortunately, there are mortgage companies---especially some that are internet based--who will issue a qualification letter without running credit and based entirely on information supplied by the potential buyer. You can probably guess what that type of letter is worth! So simply asking if your caller is pre-qualified relies on the honesty and understanding of the caller---having them email or fax you a copy before the showing could help, but you may lose a good potential buyer who feels you are being too intrusive.

The largest problem most Unrepresented Seller's share is an inappropriate asking price (usually averages 20% above the actual value of the property). A buyer's only incentives to purchase a home from an Unrepresented Seller are big $$ savings (the average buyer expects a 10% discount from actual value if the home were listed with an agency--on average 30% below the Unrepresented Seller's asking price)... the alternative motivation is that the buyer's credit is so poor that they are hoping to find seller financing or to have the seller lease them the property.

Please note that a good buyer will expect the services they receive from a Buyer's Agent and expect you as the seller to pay for those services....if you are not offering this upfront, they will expect a significant discount from you in exchange for your decision...

Good luck with your quest!
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