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Vernon : Real Estate Advice

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

Activity 24
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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Sat Apr 16, 2016
Christine Sladyk answered:
Thu Sep 17, 2015
Maggie Stabinsky answered:
Feel free to give me a call at 860-543-5899 and I will be happy to help you.
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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
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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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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
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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
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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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Wed Jul 18, 2012
Dan Tabit answered:
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
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Tue May 29, 2012
David Carr answered:
Tue Apr 17, 2012
A good general rule of thumb is no more than one third of your income. However, every person's monthly budget is different. If your income fluctuates, one third might be too much. If you have substantial fixed monthly debt payments such as student loans, credit cards, car loans or leases, etc. one third might also be too much. Also be sure to get a sense of what the monthly electricity/heat and any other fixed costs associated with renting any apartment. If you are moving to a new area and will be commuting to work, make sure you factor in any extra transportation costs that you don't have to pay now.

The most important thing is to try to keep the rent and all other associated costs that you don't have now low enough that you can still save for your future. Good luck.
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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
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Mon Sep 26, 2011
Minna Reid answered:
It is unclear what you mean by "short sale contract ends soon" . Do you mean you have the property listed as a short sale?
Or you have a HAFA or FHA short sale approval,but have been unable to find a buyer to meet the terms?
Either way, you will likely still be able to short sell the property, but have to take some more steps to make that a reality.
If renting out the property doesn't provide you with enough cash flow to keep the property going, then it seems you will be forced to deal with the problem eventually and are only delaying the inevitable.
... more
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Tue Aug 9, 2011
If you haven't already, I'd contact Annette, her company is licensed in CT and all over the northeast.
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Thu Aug 4, 2011
Rob Rosa answered:
Hello Home Seller in Vernon,

I believe the extra bedroom in the basement will give you a higher payback. Buyers are looking for more space and are always impressed with extra room that is renovated really well.

Feel free to reach out for me with any other questions or a Comparative Market Analysis.


Rob Rosa
Real Estate Broker in Manchester, CT
... more
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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
... more
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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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