first time buyers danbury ct: Is It Possible To Buy For Less Than Renting in Danbury,CT
- 08/30/17 07:10 AM
I'm seeing some things happen in the market. A seller sells their home to an investor, and the investor does minimal work and then puts their Danbury property on the market for rent. In some cases, I've seen them listing the rentals over a little over 1% of the sales price per month (bought for $130,000 & renting for $1325 per month). Even with the landlord paying their maintenance fees and taxes, that is a sure why that you will be paying down your landlords mortgage and helping them build equity.
As a potential new home owner, you want to keep the payments … (0 comments)
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first time buyers danbury ct: Did you know Danbury,CT Rentals?
- 01/16/17 03:25 PM
I get an a lot of requests from people that are looking for a rental. Keep in mind, a lot of the properties that you see listed online my website are typically for sale with an occasional rental. I don't get an ongoing notice of properties that will be coming available ahead of time in several months. I am only aware of what is currently offered through the multiple listing service. Very few if any properties with an agent would consider a short term rentals or a month a month.
It it standard pratice by most landlords to do a credit check, collect … (0 comments)
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first time buyers danbury ct: My opinion does not matter what house you buy
- 10/10/13 03:23 AM
Often times when I am out showing homes to clients, they might a few left on their short list and often need some encouraging deciding which house to make an offer on. More times you would guess, homebuyers ask me what home in the Danbury area would I buy if I were them. As I would tell them, my opinion does not matter since I'm wouldn't be the one living there and I don't know too much about how my clients live on a day to day basis.
However, they continue to press me. I describe the postive features of each and … (2 comments)
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first time buyers danbury ct: Finding a home in Danbury,CT is a Big Deal
- 10/03/13 03:06 AM
Buying a home is a big deal. It's not like you can purchase it and then 2 weeks later decide you don't want it anymore and want to return it for store credit, as you would with let's stay something you get at Walmart. There are legal issues and cost fees involved with the purchase and sale of real estate. Buying a home consists of evaluating neighborhoods, your budget,properties condition and space, your living requirments, employment stability, family needs and more. All of the ducks should be in order before your decide to go house hunting.
While house hunting, consider if … (0 comments)
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first time buyers danbury ct: Did you know? Food for thought for first time buyers
- 07/09/12 07:59 AM
Did you know?
-In some neighborhoods, it is cheaper to own now than what the average rent with be.
-With home ownership, you build equity over time and there are tax benefits for owners.
-You can make improvements to the property, and not need permission for your landlord. With certain improvements, you can increase your home’s value.
-Banks are still loaning money.They are more stringent compared to years pasts and it might take a little bit longer to get a mortgage. Mortgage rates are very low now!
-When you own a home, you can always sell it or rent it out to generate income when it … (1 comments)
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first time buyers danbury ct: Buy what you can afford!
- 05/02/12 06:45 AM
One of the most important to do when buying a home is setting a budget. After speaking to a mortgage broker or loan officer, they can tell if you can buy a home or not, and if so, how much they think you can spend. Look over not just the mortgage & taxes, but also utilities, homeowners dues, money needed for immediate updates or budgeting for future repairs, new furniture and what have you. On top of having money for your house, I advise clients to make sure they have money left over for all of their other things like having … (2 comments)
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first time buyers danbury ct: Helpful home buying tips
- 04/03/12 07:45 AM
Sometimes a lower priced home can cost you more than a one highest at a higher price. In some areas, the property taxes and common charges are considerably. I even know of two similar properties, one is listed for $20,000 less in a different town, similar property with age and square footage. It would be a similar commute for my client, and she liked both developments. Both were priced pretty well based on recent sales When she talked to her bank, it turned out the less expensive would cost her $200 a month more. It is because the common fees & … (0 comments)
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first time buyers danbury ct: Things to Consider When Buying a Home
- 09/28/11 04:54 PM
When buying a home, you need to figure out what the most important things are the most in a home are:
-Location: How far you are looking to commute? Are there any particular neighborhoods that you prefer over others?
-Type of neighborhood: Do you want to be downtown, in a suburban area, in a neighborhood with a lake or beach, in a country setting, or
-Property type: Are you looking for a single family home, condo or multi family home.
-Style of home: Is there any particular style of a home that you are drawn to?
-Price: How much has your mortgage broker approved … (4 comments)
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first time buyers danbury ct: Use of a Building Inspection
- 09/13/11 10:36 AM
A building inspection should be used to identify things to identify things are urgent matters that need to be fixed, potential safety issues down the road and learn how the systems of the house work. If there are serious issues with the house, I can understand why you can use that as a reason to walk away from the house.
You can not use a building inspection as a negotiating tool to drop the price of the house substantially unless there are major items wrong with the house. If you feel you are paying too much for the house, we can … (0 comments)
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first time buyers danbury ct: What is included in a offer?
- 05/25/11 08:35 AM
What is included in an offer?
When you decide to made an offer on a home, there is a lot of information that is included on the form. Home buyers need to know what they are getting themselves into to protect their interest. Items on the offer to purchase include:
-Purchase Price: This is a self explanatory item. It is how much that you would like to pay for the home.
-Including the following items: This references to any fixtures that you would like to come with the house, such as a stove, dishwasher, window treatments, washer, dryer, and anything else that … (0 comments)
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first time buyers danbury ct: Additional things to budget for when buying your first house
- 03/09/09 07:06 AM
Things that extra things to keep in mind when figuring out budget
Washer & Dryer..About 1/2 of the time they are included in the purchase price, other times they aren't. Window Treatments:Often just the blinds & curtain rods are included. Tools: Gas tank & hookup to the house if you want gas applicances and the owner has electric and you are not on the gas line. New locks Often with short sales and foreclosures, you will see things such as the trim, light fixtures, mirrors either gone, damanged or needing to be replaced. Any basic repairs to make the house livable & … (1 comments)
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first time buyers danbury ct: Why renting is expensive
- 03/03/09 09:39 AM
Renting is not a great plan if you are staying in the same area for more than 3 years.The average rent in Danbuyr is around $1500 a month. Assuming a 5% increase in rent per year, you would be out a considerable amount of money:
Year Monthly Rent Annual Rent
1 $1500 $18000
2 $1575 $18900
3 $1654 $19848
4 $1737 $20844
5 $1824 $21888
Total Rent Paid for 5 years:$99,480
The numbers even become more shocking if you are paying even more in rent.
Year Monthly Rent Annual Rent
1 $1800 $21600
2 $1890 $22680
3 $1985 $23820
4 $2084 $25008
… (2 comments)
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first time buyers danbury ct: It's hard to find your home!
- 02/25/09 06:48 AM
It is hard to find your home. It might seem like a simple task when you get started but after looking at more than 15-20 houses, you realize it can be quite a difficult thing and I can understand how frustrating it may seem.You can see units in communities that you like but the bedrooms have no closets, you can see homes that you like but in neighborhoods that you don't like or a great home in a neighborhood that you like which has something that you just can't fix (steep driveway, across the street from a school, backing up to … (0 comments)
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first time buyers danbury ct: Why It's Great Being A First Time Buyer in Today's Market
- 02/16/09 10:24 AM
Here are my seven good reasons why it's great to be a first time buyer in the Greater Danbury Market?
You don't have to worry about having to sell your current home in order to buy. You can still get a mortgage with a low interest rate if you have money to invest as your down payment, a steady job and a good credit score. Affordablity of move in condition properties and as well several opportunities to improve 'fixer-uppers'. You have time to think about your decision. With the tax benefits and low interest rates, your mortgage payments might been just slightly higher … (2 comments)
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I'm seeing some things happen in the market. A seller sells their home to an investor, and the investor does minimal work and then puts their Danbury property on the market for rent. In some cases, I've seen them listing the rentals over a little over 1% of the sales price per month (bought for $130,000 & renting for $1325 per month). Even with the landlord paying their maintenance fees and taxes, that is a sure why that you will be paying down your landlords mortgage and helping them build equity.
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