On the market for a Connecticut home and want to know when to shop for the best deals?Fall! Once October comes around sales prices start to fall and continue to do so until spring of the following year.Here you can see the yearly price trend which is pretty much the same every year:Keep in mind […]
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Bridgeport, CT short sale and foreclosure report 2017:Its been a decade since the CT housing market started to fall and despite some upward movement in the last few years, Bridgeport is still struggling. 30% of all Bridgeport sales are currently distress sales ( short sales or bank owned sales):The peak of the market in Bridgeport […]
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As we head towards end of year, the Fairfield, CT single family home sales market is starting to slow down. After hitting its yearly peak in early summer, marketing times are headed up, and prices are slowing down slightly:Median days for single family homes to sell is up to 85 days this year, while median […]
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Hamden, CT 2017: One in every seven home sales in Hamden is a short sale or REO sale (bank-owned foreclosure). Despite improving market conditions for Hamden homeowners, distress inventory remains a staple in the market:While marketing time on Hamden homes are down and prices are improving, most foreclosures and short sales today are the result […]
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Deficiency Judgments are allowed in Connecticut!Did you know that if you let your home foreclose in CT, the lender can still pursue you for their losses with a deficiency judgement? If a home had a $200,000 mortgage, and it foreclosed and sold for $150,000…the lender can still sue you for their $50,000 loss and then […]
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North Haven median home sales prices reach their highest point since 2008! As you can see the past several years have seen North Haven home marketing times dropping sharply as limited inventory coupled with buyer demand has kept homes flying off market in record time! Days for homes to sell in North Haven is currently […]
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Short sales are a possible solution for when you owe more on your mortgage than your home is worth and need to sell anyway.All short sales vary a little bit by lender, investor and the seller’s situation, but the short sale generally follows the same basic process:After qualifying the seller and setting the proper expectations, […]
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Just 3 weeks to a Cheshire, CT short sale approval with BB&T!BB&T is a smaller lender I rarely get to work with, but when I do – they are always breeze! This Cheshire CT short sale was no exception! Life has a way of changing your housing plans!Despite the fact my clients had just bought […]
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Milford home sales prices are at a five year high as marketing time for Milford homes drops to a five year low in 2017!Home marketing times have been hovering between 70 and 80 days for a few years, but significant buyer demand, coupled with decreasing inventory in the last few years has pushed home marketing […]
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Considering a short sale? Did you know the lender you make your payments to usually doesn’t even own your loan, and will not in fact be making any decisions about your short sale? Lenders (servicers) simply service loans to investor guidelines. The most common conventional loan investors are Fannie Mae and Freddie Mac. You can find […]
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