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Home Buying in Norwalk : Real Estate Advice

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  • Local Info14
  • Home Buying28
  • Home Selling4
  • Market Conditions5

Activity 18
Sat Feb 23, 2013
Jamar Arbelo answered:
Hello, I'm a broker with Raveis in Norwalk, that listing is under deposit, but I'd be happy to show it to you tomorrow in case the current deal falls through? Or if there's anything else you'd like to see I'd be happy to show as well.

Thanks!

Jamar Arbelo
203-450-9340
jamar.arbelo@raveis.com
... more
0 votes 5 answers Share Flag
Tue Jun 11, 2013
Mark Namm answered:
Hi Ezrideolg,
The first thing you should know is that by law real estate agents are not allowed to discuss what areas are "safe" and what areas may not be considered "safe." This is to prevent discrimination. The best thing to do is check out City of Norwalk Police Dept. records for crime in each neighborhood. You can also spend some time in any neighborhood and speak with homeowners. Real esate agents are your resource to assist in seeing all homes on the market, determining which homes are priced correctly or overpriced and assisting in securing top home inspectors, attorneys, mortgage brokers and other professionals to help with your purchase. Any real estate agent that offers opinions about which neighborhoods are "safe" is violating the Fair Housing Act. Best, Mark ... more
0 votes 7 answers Share Flag
Thu Jan 31, 2013
Joe Balestriere answered:
Hello again,

I have a few mortgage brokers I recommend, because they are hasty, and followup consistently, and they know their mortgages. I tend to advise away from someone you cannot shake hands with.

You are right that some do not charge closing fees, or offer other incentives, but lower interest rates are a smoke a mirrors game.

I have not used Roundpoint, but for any service, it is great you are doing your research prior to making a decision.

If you would like to ask a trusted broker more questions, let me know!
-Joe Balestriere
203-216-0670
... more
0 votes 8 answers Share Flag
Fri May 9, 2014
Jamar Arbelo answered:
Hello, it really depends on a few factors. How well is the condo insulated? Square Footage? At what temperature do you like to keep the thermostat? You can always ask the seller for bill estimates. ... more
0 votes 17 answers Share Flag
Thu Jan 31, 2013
Laura Feghali answered:
Hello J,
I know that James Forte with Hamilton Ladd Home Loans out of Ridgefield, CT will finance co-ops if the buyer qualifies.
Call him at: 203-743-4739 or email: jforte@hamiltonladd.com

Best wishes!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 3 answers Share Flag
Tue Jan 29, 2013
Cedric McNeil answered:
Hello Jennifer,

The short answer is work with an agent that knows.

Even a "fixer upper can be financed with a "FHA 203k" which allows you to put the cost of the work into your mortgage.

For the most part find a home that is move in ready with no broken windows, peeling paint or major safety issues. Even these issues can be solved by the seller if asked.

For a more detailed description or if you need any additional questions answered feel free to contact me at any time. We'll sit down and make your buying experience a perfect one.
... more
0 votes 8 answers Share Flag
Mon May 7, 2012
Todd Turcotte answered:
Hi Antoinette,


You ask a good question, but the answers are relative to what you consider "reasonably priced" and "safe."

The best thing to do would be to get a list of towns you are considering, and check their housing, economy, school, and crime statistics online. There are free statistics for those categories and many others as well.

Since it is a relative question, only you can be the judge. I suggest doing Google searches to find the statistics and information above. That info should give you a good idea if the town would be a good fit for you.

Good luck in your search!


Todd Turcotte

www.ToddTurcotte.com
... more
0 votes 5 answers Share Flag
Sun May 6, 2012
Todd Turcotte answered:
Hi Kay,


If I understand your question correctly, you are basically asking how much the common charges and taxes would be on a 2 bedroom, 1 bath co-op.

For co-op's in this area, you would be looking at about $900 - $1,200 per month which includes your common charges, taxes, and in some cases your heat and hot water as well.

Co-op ownership is a bit different than owning a condo.

For specific questions, feel free to contact me directly.


Sincerely,

Todd Turcotte

Milligan Realty, Norwalk
... more
0 votes 2 answers Share Flag
Sat Aug 11, 2012
Joe Balestriere answered:
Hey Evelyn,

Give me a call now, let's talk.

-Joe Balestriere
203-216-0670
William Raveis Real Estate
0 votes 6 answers Share Flag
Wed Apr 25, 2012
Anne Miller answered:
Evelyn,
Call a reliable agent in your area...they can help.

Anne
0 votes 9 answers Share Flag
Wed Aug 21, 2013
Mary Ann & Gerald Laurita answered:
Hi Sam--Yes, we have experience dealing with short sales in Fairfield County in the areas you mentioned. I work as a team with my husband. We are both brokers and have many years of experience. How much do you already know about short sales? Are you willing to be patient? Because that's what it takes. Please feel free to get in touch so we can go over details.
Regards, Mary Ann Laurita, Prudential CT Realty
maryannlaurita@prudentialct.com
203-226-1386
... more
0 votes 7 answers Share Flag
Fri Jan 27, 2012
Bob Travers answered:
It is a bank foreclosure and they have a system on how offers are submitted and responded to
0 votes 3 answers Share Flag
Wed Nov 25, 2015
Michelle L. Mayo answered:
You could, but why would you want to? Do you know how to do a title search? How about title insurance? Will you know where to purchase it? Are you familiar with all the necessary bank documents and paperwork involved? Will your bank even allow you to be unrepresented? You are much better off having an attorney take care of all of the intricate closing details? Good luck! ... more
0 votes 11 answers Share Flag
Tue Jun 16, 2009
Laura Feghali answered:
Hello Afrodite,
There is no evidence that suggests that the neighbohood on and surrounding Chatham Dr. is on wetlands. The closest body of water is a brook at least a 1/4 mile to the west. Looking at the area from a bird's eye viewpoint, the land appears quite dry and there are no signs of wetland vegetation.
I hope this is helpful to you and I'm curious as to why you believe the homes are built on swampy ground. Feel free to contact me with any other questions.
Thank you,
Laura Feghali
Prudential Connecticut Realty
203-536-4802
laurafeghali@prudentialct.com
... more
0 votes 1 answer Share Flag
Sun Jul 12, 2015
Marcie Berson answered:
Co-ops are much less common here in Fairfield County than they are in major cities, such as New York, so people are not as familiar with them and that can make them seem "risky". When you are purchasing a co-op, you're buying shares in a corporation, not real property like a condo or house, which is a consideration. They can be more difficult to finance, as well, so be sure to check with your mortgage broker to see if you can qualify for a co-op mortgage. In a co-op the common charges include your share of the property tax and mortgage of the overall complex, as well as maintenance of the complex and sometimes heat & hot water (depending on the complex). All of these expenses make common charges high (in one Norwalk co-op complex they are around $1,000/month) so you need to factor that expense in to your monthly budget. Your finances will also be subject to review and approval by the co-op board, so be prepared to complete an application and provide them with lots of financial documents (tax returns, etc.). Not everyone is comfortable with that type of scrutiny by a group of their future neighbors, so think about that too. If a co-op is well maintained and financially sound, then it can make a good investment. Just be sure that you understand the co-op board's approval process and what your total monthly housing cost will be (mortgage, common charges & utilities) so that you can be sure that you're staying within your budget before you go forward with your purchase. You should also look at any condos in your price range, too, just to have something to compare it to. Feel free to contact me if you'd like any more assistance. It would be my pleasure to help you with your first home purchase. ... more
0 votes 9 answers Share Flag
Wed Jul 15, 2009
Randi Hutton answered:
Hi Paul,
First of all, "too far a commute" really depends on what is your ideal commute timeand acceptable/non-acceptable commute time. If your business is located in northern Ridgefield closer to Danbury, then your commute will be that much longer....and, of course, it depends on where you would be living in Norwalk. West Norwalk would be your closest bet but it is more suburban. If you are thinking about the Sono area of Norwalk, it would be a bit of a twist and turn up to Ridgefield.
ALso, I would ask what is it that you like to do -- is it the ability to go out and find a great restaurant, people on the street, etc.?
I understand you will not know whether this relocation is a possibility for another two weeks but I would welcome the opportunity to talk with you directly so that I can understand more of the details of your dream town...thoughts on commuting, etc.
I also understand that your Realtor will need to work through relocation -- and that is fine. Normally, if you want to use a realtor, the relcoation companies are fine with that as long as they can come to an agreement with the broker.
If you would like to share some more details, please email me at randi@huttonrealestate.com (I work with William Raveis Real Estate) or call me at 203-664-1160. I am an accredited buyer's representative and would welcome the opportunity to represent you (and your family) with your real estate needs.
Thank you,
Randi Hutton, ABR, GRI, SRES
Chairman's Elite Club
William Raveis Real Estate
huttonr@raveisre.com
randi@huttonrealestate.com
203-451-3455 cell
... more
0 votes 11 answers Share Flag
Wed Jul 29, 2009
Len Schwartz answered:
Hi Tito:
Actually, no. Wolfpit Ave. is quite nice. It's a bit well traveled (busy), but there are many condo complexes on the street -- kind of like condo row, which doesn't make it bad at all. In fact it's quite near a lot of great areas for shopping and recreation.
Let me caution you, however. If you are looking at co-op prices when you say "cheap," keep in mind co-ops in CT are not like co-ops in NY. Most multi-unit complexes and hi-rises in CT are condominiums. Co-ops are less popular and harder to sell. In fact, there are many lenders who will not finance co-ops because they consider them too risky.
If you are considering co-ops because the low price is appealing, the first question you should ask is, what % of the units are rented. If the number is more than 25%, run for the hills.
I hope this helps.
Good luck hunting.
Len Schwartz
Agent for a New Age
203-912-5254
... more
0 votes 8 answers Share Flag
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