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Stratford : Real Estate Advice

  • All71
  • Local Info15
  • Home Buying22
  • Home Selling5
  • Market Conditions3

Activity 47
Sat Oct 14, 2017
718adh asked:
Wed Sep 27, 2017
Owenbob56 answered:
Is it a requirement to have a septic system inspected before sale of house??
0 votes 22 answers Share Flag
Sat Jan 7, 2017
Myrna Garcia answered:
If I am in a contract with Rent To Own can the owner change their mind?
0 votes 5 answers Share Flag
Tue Apr 21, 2015
Charlise Philibert answered:
It really depends on the condition of the property and also size of the unit, etc. However, as a range I would say anywhere from $1,000-$1,600 is a fair estimate. It could be a bit less or more depending on other criteria. For example, a first floor vs a third floor unit will vary in price as well as condition inside and outside. Whether it is a full house or an apartment for rent, etc.
Hope this helps!

-I am a local agent and also live in Stratford myself...if you need any assistance, let me know.
... more
1 vote 1 answer Share Flag
Thu Mar 12, 2015
rd3882 answered:
There is a formula used for estimating the number of homes that will be for sale in a condo community or any other group of houses of one particular type.

s = N/AvgResYears x AvgSellMonths/12

The estimated number of units for sale is the number of total units divided by the average time people live in the units times the average months on market divided by 12. So for Oronoque village the estimate is
s = 900/10 x 5/12 or about 37. There are no surprises if 40 units are for sale. The question might better be looked at in the underlying numbers... Why is time of residence only 10 years? Ted gave the main reason -- this is a 55+ community and these folks are old. Add to that, many of these folks are snow birds and use the Connecticut condos as transition downsizing homes on their way to warmer climes; 10 years is an understandable number. Why 5 months for the sell cycle, which is a little long? The recovery of the condo market post 2009 real estate crash is slower than for purchased housing. So it's slightly long. But there is nothing odd or sinister in the number of units for sale.
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0 votes 4 answers Share Flag
Thu Sep 25, 2014
Tim Piedmont answered:
You could ask to be released from the contract with your agent if you are truly unhappy. No guarantees on that though. At the very least, you could ask the brokerage/company who you actually are contractually obligated to work with to have another agent assigned to you. This will at least get your true feelings out there as to your concerns with your current agent.

That being said, what are the comparable home prices around the home telling you?! What is driving you to offer that amount? You only get one chance with a short sale in terms of a low number offered and since (unlike a regular sale), you are not hurting anyone's feelings with a lower offer, you don't want to leave any money on the table. Offer less.

With regards to how much it will gain in equity....two major driving factors on that are the market conditions but also what you do to the home. IF the home is already in great condition, then it will need the market to raise the value. IF you have to do a lot of work to the home, then you can put a lot of sweat equity as well as real equity into the home thus raising the value ALONG WITH the increase in market value.
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0 votes 1 answer Share Flag
Sat May 3, 2014
Annette Lawrence answered:
There are many reasons, but they could all prove wrong because you provide insufficient data.

#1. Where are you observing/obtaining the data
#2. What location
#3. Time interval
#4. What is the specs of the subject property.

Finally, have you hired a real estate professional to assist you with the home purchase? An agent can provide you the most comprehensive data.
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0 votes 1 answer Share Flag
Fri Dec 6, 2013
Aaron and Cheree Tiry answered:
Have you checked out the "rent" section at the top of Trulia? There may be something in there. Otherwise you could also check to see what they have for posted for rentals. ... more
0 votes 1 answer Share Flag
Thu Nov 21, 2013
Ted Kostzewski answered:
Your credit score is above what is generally required. These days qualifying can be a little intense because of past lending policies. If this is a forcclosure and you have requested renovation financing, as well, it may be that an issue continuous income or ability to pay is concerning the lender. That being said, it appears you're still in the game and it is now wait and see. Apart from increasing your income or lowering your debt, and if finances allow, ask your lender how much of a difference it would make if you put more money down up front. Usually, this allows for a lower credit score in this type of loan, but maybe asking for less of a mortgage could turn the tide in your favor. Underwriters can appear unfeeling and it's all numbers to them, but their job is to protect the lender and to avoid their incrimination. I wish you the best of luck. Hang in there. ... more
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Thu Nov 7, 2013
Ifeoluwad asked:
This question was asked from
0 votes 0 Answers Share Flag
Fri Oct 11, 2013
Ronnie asked:
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Wed Jun 19, 2013
sandrazalik answered:
Hi Sandie,
I have a beautifully restored 3 BR home in Stratford for sale. The inside is completely renovated, very clean, and totally move-in ready. It is loaded with charm (stained glass, columns, original woodwork). It is in a very convenient location for busy people. It has a good sized basement, but it is not finished. If you would like to see it, please call me at 203-321-6300.
Kind regards,
... more
0 votes 6 answers Share Flag
Fri Jun 14, 2013
Mikhail Brown asked:
This question was asked from
0 votes 0 Answers Share Flag
Sun Feb 17, 2013
Sam Granata answered:
Mimi, I agree with Ted. I've lived in Stratford my entire life. The majority of my clients are investors in our area and, like Ted mentioned, this is a decision that needs careful consideration. Sit down with someone that has the knowledge to help you understand everything that comes along with being a landlord and investor and work everything out before you make this decision. ... more
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