buying real estate: Has The Process for Mortgage Approval Changed? - 10/29/14 11:06 AM
Appraisal not done early is confusing and questionable.
I need help from the Community because of a change in my area to the mortgage process. I am acquainted with the process, once a contract has been started of getting to the lender, and having the buyer start the process and submit their documentation. The inspections are usually done as soon as possible so as to avoid getting too far into the process and backing down due to inspection issues.
I would expect the appraisal would be ordered within this period and released after inspections are done, so that within the first 2 weeks, the buyer … (34 comments)

buying real estate: You Don’t Get More Choices by Calling Several Agents - 02/25/13 11:39 AM
You Don’t Get More Choices by Calling Several Agents
I was surprised this morning with a call from a fellow ActiveRain member that I can also call a friend. She was passing along a referral for a buyer in Connecticut. After she gave me the information, and we chatted a bit, I called the potential client.
We discussed their needs, and the value range. I said I would send over some potential listings, as the buyer was from out of state and then we would talk.  About an hour later, that same buyer called back to confirm who I was, … (57 comments)

buying real estate: Sometimes Showing Homes in Central CT is like being a Detective - 12/01/12 11:41 AM
Sometimes Showing Homes in Central CT is like being a Detective
As we walk through homes with our clients, viewing and being attentive to the property, we also find ourselves doing a little detective work as well. This was the case as I was showing homes this afternoon in Central Connecticut. As we were walking though one home, we saw evidence of repairs on a ceiling. When we went to the level above, the location of the stain was in the area of a shower stall, which meant there was or had been a problem with drain plumbing. What we … (4 comments)

buying real estate: Yesterday I Brought My OLD CAR in For a Tune-up - 10/05/11 07:57 AM
Yesterday I Brought My OLD CAR in For a Tune-up
It was needed and it's been a couple of years since the last review. Part of the mandatory requirements for license renewal was a class on Connecticut Real Estate Fiduciary Duties Review and Law Update.
The OLD CAR that got a tune-up were the fiduciary obligations we, as real estate professionals should use in our daily activities:
ObedienceLoyaltyDisclosureConfidentialityAccountingReasonable Care
This is the acronym for the agent's fiduciary responsibilities to their client
Obedience This obligates the agent to act in good faith at all times and to obey all the legal … (31 comments)

buying real estate: Life is all About Making Decisions - 03/09/11 11:07 PM
Life is all About Making Decisions
Recently my wife and I were reviewing some financial information as relates to retirement. The decisions would effect the monthly payments we would receive when one of us ceased to exist. The decision we made today as we near retirement is probably much different than the decision we would have made when we were both in our twenties.
Throughout our lives we make decisions. The nature of the decision may not always be a major life decision, but still careful thought would be required in order to go forward with a positive mindset.
Buyers today, … (14 comments)

buying real estate: Another New Listing . . . 121 Timber Ridge Southington CT A Great Adult Condo - 02/26/11 12:18 AM
Another New Listing . . . 121 Timber Ridge Southington CT A Great Adult Condo MLS # N311260  Priced at $179,500
A very private first floor end unit. Very spacious, large L-shaped dining/living room, Sliders to a large private porch, overlooking wooded area, exterior recently repainted; full basement, newer windows, Adult community with walking trails, pool, tennis courts. Located in the Spring Lake Village condo complex in Southington CT

 New Listing . . . 121 Timber Ridge Southington CT A Great Adult Condo MLS # N311260  Priced at $179,500  

buying real estate: Why Do I Need a Buyer-Broker Agreement? - 01/28/11 02:37 AM
The real estate market is ever evolving as dictated by the changes in the way people do business and the way Banks are reticent to lend money.
Buying a home is more than just walking through a door and signing a contract. There is a lot of work that must be done by the buyers, and their representatives. To ensure that the representatives do their utmost to work on your behalf, a buyer will sign documents upfront with their lenders, they will do likewise with their lawyers, and it would be foolish for them not to get the same from their … (0 comments)

buying real estate: Assuming A Mortgage - 11/19/10 01:48 PM
There have not been a lot of inquiries for an assumable mortgage in CT in a long time, but over the next few years there may be potential opportunities for buyers to catch a break on a home purchase by assuming, (taking over). the existing mortgage on a home and maybe also transferring a minimum of cash with the deal.
Each such opportunity must be given long consideration and the acceptance by the lender is needed for the deal to transpire.

This past week William Walton asked me if I would post a blog on Assuming A Mortgage.  William … (2 comments)

buying real estate: Why Tons of Buyers Are Screwing Up - 11/10/10 01:16 AM
In today's market with rates at historical lows and with the inventory that's available, buyers have a great opportunity. Some of the values that are in the market are probably at rock bottom by the sellers with little place to go.
Buyers should recognize the true bargain that they have before them and overlook the nickle and dime issues of the inspection and enjoy the overall product. The agents need to get the buyer's minds in their proper place and work together to get the deal done.

Price and Terms. 
Price. Terms. 
I will bet you a 6-pack of Old Milwaukee that … (3 comments)

buying real estate: Buyer's or Sellers Remorse . . . When our work is Not Done - 10/30/10 02:27 PM

So we think we're there, we got a contract into the system, and we're proceeding with the transaction. And then we get the call.
Hi Ed, it's me, Hazel, I think I made a mistake. I don't think I should be selling the house after all. I've been here so long, there are so many memories. I don't know where to even begin to start to get ready to pack. Giving me just two months to get out of here isn't long enough.
Hazel, we've been over this. You're here alone, you need to relocate closer to your family. The … (61 comments)

buying real estate: We Not only Find you a Home, We'll Get you a Husband! - 07/05/10 09:52 AM
Hey ladies, got a committed boy friend that won't make a commitment? Have that forever partner that you share the rent and bills with but won't make that last move? Then I may be able to help you.
I make the home buying experience so easy with so little strain that the stubborn guy will start to think that maybe everything else he's been fearing will be just as smooth.
I had a buyer for one of my listings last February that was so pleased with the ease of the purchase and excited about the move that he gave his … (18 comments)

buying real estate: When working with a Real Estate Agent, Make Sure They Bring Their OLD CAR - 06/17/10 01:41 PM

Real estate transactions are complex and require diligence on the part of all involved to reach a successful completion. Of primary importance to the client, whether buying or selling is to have a qualified agent, who not only knows how to handle the transaction but comes prepared to use an OLD CAR. This is the acronym for the agent's fiduciary responsibilities to their client
Obedience  This obligates the agent to act in good faith at all times and to obey all the legal instructions of their client in respect to the contract. Acting out a request of the client that … (19 comments)

buying real estate: June 2010 | Plenty of Reasons to Buy After the Tax Credit - 06/02/10 09:18 AM
From Lisa & Bob Hammerstein ion New Jersey, it's a great time to buy. The spring season is in full run and shrewd buyers can get some great buys with real low interest rates.

This was a great article for first time homebuyers to read.Enjoy!Plenty of Reasons to Buy a Home Even After the Tax Credit
Even though the home buyer tax credit expired on April 30 and won't be renewed, there may never be a better time to buy a home than today, according to the National Association of Home Builders (NAHB). Many outstanding opportunities still exist for … (3 comments)

buying real estate: Buyer’s Use Caution when Calling the Name on the Yard Sign - 05/19/10 05:24 AM

It's inherent in human nature to try and get a deal on a purchase. This will always be the case in real estate as buyers will call the name on the yard sign believing they can get a better deal than if they use a buyer's agent to assist them.
The belief is that if there is only one agent in the transaction then the seller will lower the price, as there is only one commission to pay. Although this does happen if the seller and agent have agreed to a lesser commission if the property gets sold by the … (77 comments)

buying real estate: Gifts from a family member are allowed, How about a Gift From the Seller? - 05/11/10 05:49 AM

We're trying to get a young first time buyer couple to the closing table without adding to their down the road burdens. The problem is that what we would like to do isn't permissible.
The inspection brought up some items that do not directly effect the ability to close on time or the quality of life the young couple will enjoy. What it does do, however, is cause them to postpone doing some repairs to the home, detached garage, etc until they can come up with the money. The conventional alternatives would be to request seller concessions, which raises the … (10 comments)

buying real estate: Closed, I hope the Buyer Is Satisfied With the Purchase - 03/20/10 12:25 PM
Closed a nice single family starter home. The buyer hopefully will see the house and be happy with it. I say that because the buyer has only seen photos of the home that the Realtor sent.
The buyer of this house is deployed to Iraq and wanted to take advantage of the tax rebate for first time home buyers. She only saw photos of the house, and placed all of the responsibility for the purchase on the agent, which is nothing that I would have assumed.
Through the inspections, there wasn't much that we needed to change, but I would have handled … (8 comments)

buying real estate: Walking in to See Two Emmys . . Not Every day in Ct - 02/21/10 03:25 AM

Isn't it just an every day occurrence to walk into a property to do a listing presentation and find 2 Emmy's sitting on the bookcase? Just a matched pair.
That might happen in California or New York, but not so common in Connecticut, but that's what I saw yesterday.
Some former clients are looking to do a moveup from their condo into a home, as their family is about to get bigger in a few more months. He is an employee at ESPN in Bristol, Ct working in the productions department and because of an outstanding jobs that was done by … (7 comments)

buying real estate: Just Listed, 3 Bedroom Raised Ranch, 35 Berkshire Rd, Ansonia, Ct - 02/05/10 12:50 AM
Clean, Bright Raised Ranch in Ansonia, Ct. Listed at $318,000
An open yet warm 3 bedroom raised ranch on a quiet cul-de-sac of similar homes; vaulted ceilings, master bedroom suite with w/walk in closet and full bath with jacuzzi tubspacious living room with fireplacefully finished lower level with a family room and separate office or possible 4th bedroomCentral airAccess from LR to walk out deck and extra lower level patio for family entertaininggreat valley viewsAlso listed as MLS# 98448985 on Ct-MLS System

Contact Ed Silva at 203-206-0754 to set up a private showing

buying real estate: Want to Get the $8,000 Tax Credit? . . There are 87 Days left to get a Home under Contract - 02/03/10 01:44 AM
There are only 87 Days left to get a home under contract in order to qualify for the First Time Homebuyer's Tax credit and the expanded $6,500 for Move-up buyers. Last December, the First Time Home Buyers Tax Credit was extended and expanded.  Previously, the First Time Home Buyers Tax Credit was only available for first time home buyers (those buyers who had not owned a home in the three years previous to the current purchase) and was only available on homes that closed escrow before December 1, 2009.
However, President Obama signed an extension on this deadline to apply to … (11 comments)

buying real estate: Cheshire Ct Real Estate 2009 End of Year Analysis - 01/29/10 02:56 AM

The Town of Cheshire can trace it's roots indirectly from the town of New Haven by way of Wallingford, 2 generations removed. Today it is still a home to many people who commute daily to the new Haven area for work. Originally founded as the West Farm area of Wallingford, if got it's official name of Cheshire from a the Brooks family who emigrated here from Cheshire in England. The early settlers were not only farmers but also were extensively into the mining of copper and barium sulfite, which was used extensively in the production of glass, paint and cloth. … (4 comments)

Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals,  CT 203-206-0754  ) Ambassador large

Ed Silva

Central CT Real Estate Broker Serving all equally

Waterbury, CT

More about me…

RE/MAX Professionals, CT 203-206-0754

Address: Prospect, Cheshire, Wolcott, Waterbury, Naugatuck, Middlebury, Watertown, Southington,Thomaston, Plantsville, CT, 06479

Office: 203-758-6440

Mobile: 203-206-0754

Email Me

Ed Silva is a licensed Broker serving the Central Connecticut area from the Plantsville CT Real Estate Office. He serves both sellers and buyers and also is an experienced agent for short sales. If you're thinking of listing your home, I would love to meet with you and share my marketing success package with you. My marketing reaches all the major listing sites with prime positions on the largest. I'd love to help you buy or sell in the Central Connecticut area.




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