Minna Reid - Reid Real Estate Group

September 9, 2020

in Short Sales by Minna Reid

Over $100,000 forgiven in Ridgefield, CT short sale!

Upside down with no way out!After numerous failed attempts to sell their Ridgefield home, my clients were forced to accept that their property simply would not sell for the amount they needed to pay off their FHA mortgage. Like many of CT’s most expensive towns, Ridgefield has been experiencing a downward trend in home sale […]

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#FHA #Pennymac #Short Sale Success Stories

September 7, 2020

in Connecticut Real Estate Market Trends by Minna Reid

Connecticut home sale prices finally recover from bust of great recession!

It took 13 long years, but Connecticut home sale prices have finally returned to the peak of the last market cycle in 2007! The median home sale price in Connecticut in 2020 so far is $270,000! Connecticut is one of the last states in the nation to finally get back to pre-bust pricing. But what’s […]

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#CT Market Trends

September 3, 2020

in Short Sales by Minna Reid

Connecticut concrete cancer short sale success!

Are you stuck with a crumbling foundation? Thousands of homeowners in northeast CT are struggling with foundations that are falling apart, and no one to take responsibility for the issue. While attempting to sell, these CT owners discovered they also had a problem with their foundation, which was found to be needing complete replacement, and the […]

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#Short Sale Success Stories

August 25, 2020

in Listings by Minna Reid

FOR SALE! 926 Moss Farms Road, Cheshire CT 06410: $199,999!

Opportunity knocks! Bring your toolbox and elbow grease and come make this spacious Cheshire cape home! Minutes to all major commuter routes, yet set away in quiet, wooded privacy! Over 2,100 square feet and 6 bedrooms in this unique cape with tons of potential! This home will need a complete cosmetic and mechanical overhaul, but […]

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August 25, 2020

in Foreclosure , Short Sales by Minna Reid

Mortgage forbearance ending? Know your options!

Mortgage Forbearances are coming to an end. Millions of home owners opted to take a few months off their mortgage during the shutdowns, but now it’s time to pay up! YOUR OPTIONS FOR GETTING BACK ON TRACK WITH YOUR MORTGAGE! Pay the back due amount and resume normal payments. If you have the funds and […]

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August 5, 2020

in Connecticut Real Estate Market Trends by Minna Reid

Is the Connecticut real estate market headed for a crash?

The Connecticut market is still a raging sellers market, but for how much longer? The repercussions of the states economic shut down loom ahead and it doesn’t look promising! CT HOME SALE PRICES ARE STILL SKY HIGH! Connecticut home sale prices keep rising month after month! July 2020 sales prices were up 13% over July […]

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#CT Market Trends

July 20, 2020

in Connecticut Real Estate Market Trends by Minna Reid

Connecticut home sales prices continue to soar, even as more inventory floods the market!

2020 has been a wild ride, and has certainly disrupted the local real estate market! The good news for Connecticut home owners is that this is certainly the time to sell! Even as more sellers decide to enter market, pent up buyer demand remains unsatisfied and homes are selling fast and they are selling for […]

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#CT Market Trends

June 10, 2020

in Connecticut Real Estate Market Trends by Minna Reid

As inventory squeeze continues, Connecticut home sale prices skyrocket!

Since late March, the coronavirus scare has led thousands of Connecticut sellers to choose not to list their home. This has caused an already tight inventory situation to careen out of control. As buyers compete over the very limited homes available to buy, sellers have enjoyed watching their home sale prices skyrocket! New listings in […]

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#CT Market Trends

May 18, 2020

in Connecticut Real Estate Market Trends by Minna Reid
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STATE OF THE MARKET: Connecticut Real Estate During Covid 19

The Connecticut real estate market was off to a fantastic start in 2020, until came coronavirus. Governor Ned Lamont ordered a partial shutdown of the economy on March 24, causing significant turbulence to the future of the real estate market. As of today, a partial opening is set for May 20, 2020. THE IMMEDIATE EFFECT […]

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April 13, 2020

in Foreclosure by Minna Reid

What to do when you can’t make your mortgage payment.

Facing a mortgage default can be daunting, but you have options! Find out what they are and make an informed decision! Your options for when you can’t pay the mortgage! Pay Later Simply missing a payment is an option. By federal law your lender can’t take any action towards foreclosure until you are 120 days […]

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