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Home Buying in Vernon : Real Estate Advice

  • All25
  • Local Info0
  • Home Buying10
  • Home Selling1
  • Market Conditions1

Activity 14
Erin, Home Buyer in Vernon, CT
Thu Nov 3, 2016
Erin asked:
Hello everyone! Hoping someone has some advice... In May, before we were married, my now husband applied for a mortgage but because his work history is under 1.5 years (he had major surgery)…
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James McCabe, Real Estate Pro in Glastonbury CT 06033,...
Thu Jun 4, 2015
James McCabe answered:
if you need help with selling your house, i can help. Contact me anytime, thanks. 860-837-1160
0 votes 1 answer Share Flag
Seshell, Home Buyer in Vernon, CT
Sat May 16, 2015
Seshell asked:
A condo recently listed for sale had a listing price. Then it was changed to "Pubic Record" Now it's changed back to "Active Contingent" Any idea why was this…
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Terri Vellios, Real Estate Pro in Campbell, CA
Mon Sep 15, 2014
Terri Vellios answered:
It's all going to depend on your entire financial picture and history. A lender will look at your options and explain what programs are available to you.

It only cost you a little time, and they may charge you to run your credit report. ... more
0 votes 1 answer Share Flag
Daniel Mirea, Real Estate Pro in chicago, IL
Sat Nov 16, 2013
Daniel Mirea answered:
Some condos are bigger than others even if are in the same complex , some have a garage, other have better views /storage . IF is a high-rise the higher level the more expensive ! Good Luck! ... more
0 votes 2 answers Share Flag
Sarah Ashton, Real Estate Pro in Farmington, CT
Mon Jul 23, 2012
Sarah Ashton answered:
It will affect you in the short term but keep in mind that in 6 months time the comps used for your condo will change. If you are planning to stay for a while, these sales should not affect you in the long term. ... more
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Dan Tabit, Real Estate Pro in Issaquah, WA
Wed Jul 18, 2012
Dan Tabit answered:
Bravo,
Yes. What you owe is not reflective of the value. The value is what the market indicates based on competition. You have 2 competitors in your building that are setting the market. Now a foreclosure is often in rough shape, so this should reflect well on yours. The other unit may have other factors to compare such as updates or the lack thereof, view, floor and overall appeal.
If these units are largely similar to yours in size, room count, view and condition then if you need to sell, their pricing will impact yours or you won't get a buyer.
... more
0 votes 3 answers Share Flag
Anne Miller,  in Manchester, CT
Sun Mar 11, 2012
Anne Miller answered:
The seller can pay for closing costs if your type of mortgage would allow it.
Check with your mortgage officer...If you do not have one, I can recommend
a couple of very good ones with low rates and easy terms. call me 860-647-8000
Anne Miller.
... more
0 votes 6 answers Share Flag
Gerard Dunn, Real Estate Pro in Chevy Chase, MD
Mon Dec 6, 2010
Gerard Dunn answered:
Look at between 4-4.5% on fixed rate. Just an origination fee = 1% of the loan amount to the bank

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, D.C. and Northern Virginia
703-216-9100
... more
0 votes 2 answers Share Flag
Dan Cummings,  in Branford, CT
Mon Aug 23, 2010
Dan Cummings answered:
You do need to protect yourself with a contingency in the event the tenant does not vacate the property and if you are going for an owner-occupied mortgage they may not allow the closing if a tenant occupies the space. ... more
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Joe Arnao, Real Estate Pro in Sanwich, MA
Thu Aug 12, 2010
Joe Arnao answered:
The word "speed" is not part of a short sale lingo. "Patience" is more like it. The best you can do is to continue to contact the bank through your attorney or mitigator and hang in there. At any moment the bank may get back to you. That moment may be soon or in the future. I am sure you know, short sales are never a sure bet, but typically worth the wait and hassle. Good luck and hang in there. ... more
0 votes 1 answer Share Flag
Steve Geryk,  in Stafford Springs, CT
Sun Feb 14, 2010
Steve Geryk answered:
Hi Veteran'10,

My name is Steve Geryk And I am a Mortgage Loan Officer . I have been doing VA mortgages for almost 20 years. I am located in Stafford Springs and could easily answer your questions over the phone if you would like to call ( 860)-684-3111 , which is a local call from Vernon. If email is easier feel free to contact me at stevegeryk@aol.com .

VA is a great program , and one that you have earned. A multi family property is a little different for VA than other programs, so there are things that you need to be aware of when you get qualified. Please contact at any time.
... more
2 votes 4 answers Share Flag
Anne Astley, Real Estate Pro in Old Lyme, CT
Sat Oct 24, 2009
Anne Astley answered:
Hi Wija

Find yourself a great mortgage advisor and ask about FHA and USDA loans - surprisingly most of Connecticut qualifies for USDA financing.

You will need to get pre-approved before any agent will take you out looking for homes that you can afford to purchase, plus, you will also be in a position to put in an offer immediately on a home that you like.

Good luck and if you need any further information please do not hesitate to contact me

Anne
... more
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