Category Archives for "Home Buying"
Read helpful posts about buying a home in the Greater New Haven region of Connecticut.
July 17, 2018
- in Home Buying , Home Selling by Minna Reid
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- 4 comments
What is the difference between a real estate broker, real estate agent, and real estate team in CT?
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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February 27, 2018
- in Home Buying , Short Sales by Minna Reid
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- 1 comments
Want to get back in the market after a short sale? Find out what it will take!
Life happens, and not always just as planned! No one intends to have a short sale, but after one most folks will eventually want to own another home. I am frequently asked how long exactly this will take. There is no one size fits all rule, but when considering a short sale of your home, your […]
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October 18, 2017
- in Home Buying by Minna Reid
The best season to shop for home deals in CT is…RIGHT NOW!
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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September 9, 2017
- in Home Buying , Short Sales by Minna Reid
Can I get seller paid closing cost assistance in a short sale?
It is very common for buyers to ask for sellers to pay some of their closing costs when buying property, and this is commonly accommodated by the sellers to move the transaction along. But what happens in a short sale where there are no proceeds to the seller? There is a common misconception that closing costs assistance is […]
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September 7, 2017
- in Home Buying , Short Sales by Minna Reid
How soon after a short sale can I buy again?
Most short sellers eventually want to buy homes again, and I am frequently asked how long this will take. While there are some exceptions allowing for a shorter waiting period – 3 years is generally the amount of time you will need to plan to be a renter after your short sale. Even if credit scores may bounce […]
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September 6, 2017
- in Home Buying by Minna Reid
5 TIPS ON BUYING A HUD HOME!
HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development. These are generally homes that were once financed via FHA, VA, and USDA loan products. TIPS ON BUYING A HUD HOME Banks generally only care about the net proceeds of the sale, not the offer amount. There may […]
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September 6, 2017
- in Foreclosure , Home Buying by Minna Reid
101 WAYS TO SAY BANK OWNED HOME!
A quick guide to understanding the most common types of foreclosed homes for sale:HUD: HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development – these are generally homes that were once financed via FHA, VA and USDA loan products . These homes are listed on […]
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September 6, 2017
- in Foreclosure , Home Buying by Minna Reid
How can I buy a house I found that is in foreclosure?
At least a few times a week I get an inquiry from a would-be homebuyer who has found a Connecticut house in foreclosure on Zillow or some other foreclosure site. They want to purchase the house, and they want to know how they can do it or request my help in doing so. There are a few […]
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September 6, 2017
- in Home Buying by Minna Reid
5 TIPS FOR BUYING A FIXER UPPER HOME
Many folks, especially first time home buyers looking to get the most for their money are considering fixer-upper homes. Unless you are an experienced contractor or investor with plenty of home rehabbing experience under your belt, here are a few tips to not losing your shirt in the process of buying a fixer-upper home: Always […]
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September 6, 2017
- in Foreclosure , Home Buying by Minna Reid
5 TIPS FOR BUYING A FORECLOSURE WITHOUT LOSING YOUR MIND!
There is nothing quite as frustrating as trying to complete a real estate purchase where a bank is the seller…5 TIPS TO GET YOU THROUGH THE FORECLOSURE TRANSACTION:Be patient! While you as the buyer will have strict deadlines to meet and be expected to ask how high when the lender says “jump!”…don’t expect the same […]
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