Minna Reid - Reid Real Estate Group - Blog

Despite slight drop in 2018, rate of short sales and REO sales remains high in Connecticut

Market share of Connecticut distress property sales dropped slightly to a rate of 15% so far in 2018. 1 in every 7 sales in the state is currently a short sale or an REO sale (bank owned foreclosed property). 2018 Connecticut short sale and foreclosure market report:Short sales currently account for 2% of home sales and REO’s  for 13%. This […]

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July 24, 2018

Another Connecticut VA Compromise Sale success! Sellers walk away with over $60,000 of debt forgiveness!

Wells Fargo can be a challenging lender to work short sales with, even with VA loans which have a very predictable short sale process. Find out how this Connecticut couple successfully short sold their home and got over $60,000 forgiven in this VA short sale success!When these Connecticut homeowners were forced to relocate out of […]

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July 23, 2018

NEW! 480 Joan Drive, Fairfield, CT: $730,000 or RENT TO OWN!

Sprawling raised ranch/colonial in fantastic Greenfield Hills neighborhood! Minutes to the Merritt, town beaches, town center, trains. Huge, wooded, private lot with in-ground pool for summertime fun! Main level offers gleaming hardwood floors, fresh paint, great flow and an inviting floor plan! Large kitchen with beautiful stone counters and stainless appliances easily flows into dining […]

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Naugatuck, CT Home Sale Prices Hit 9 Year High in 2018!

Naugatuck, Connecticut real estate prices have been recovering since 2014 when home sales prices bottomed out. The last few years of increasing buyer demand, coupled with decreasing home inventory have led to homes selling faster and prices finally moving upward statewide. Naugatuck prices have gained quick speed over the last few years, reaching a 9 […]

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Connecticut Real Estate Broker, Agent, or Team: What’s the difference?

Confused about all the terminology associated with real estate salespeople? Wondering which is the best choice? This quick guide explains the differences between real estate brokers, agents and teams in Connecticut.Real Estate AgentA CT licensed real estate agent in has completed a 60 hour class and passed a licensing exam and has therefore become legally […]

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