buying real estate in ct: The Perils of Unwed Partners Buying Property
- 12/04/13 10:54 PM
The Perils of Unwed Partners Buying Property So many people have the desire to own property as a way to establish permanency and build a comfortable home with limited outside interference. With a more traditional married couple it is somewhat easy, depending on the state of their finances. For less traditional, non-married couples there may be issues with the purchase because of credit but that’s where the easy part is resolved. Not all relationships remain harmonious and if there is a separation of the couple, the property held jointly can be a real problem to liquidate. I have recently had … (49 comments)
buying real estate in ct: Have You Determined Where You Want to Live?
- 03/20/13 11:33 AM
Have You Determined Where You Want to Live? Buyers have ideas on where they want to live when it comes to a town. However, their buying power may not allow them to have the house of their dreams in the town that is their first choice. Then comes the process of prioritizing their needs based on the affordability of the home and then the services a town can offer. Everyone has different needs. The home search often centers on either work convenience or school systems for their children. Other conveniences such as specialized services, churches, shopping, highway access also play a … (7 comments)
Above all, most sellers find it difficult to remain completely objective and unemotional about the condition of their home, and how it will be perceived by buyers in the market, and this may have an effect on their judgment. For accurate information, it is best to obtain an impartial, third-party opinion by a professional in the field of home inspection. The first thing you need to do is stop thinking of your home as "home" and start thinking about it as a commodity that you want to sell. To be a successful … (33 comments)
buying real estate in ct: What can I expect to Pay for Closing Costs?
- 06/08/12 10:04 AM
What can I expect to Pay for Closing Costs? After you have satisfied your contract contingencies, but before you close the sale, several tasks need to be completed. For example, lenders have requirements that must be met by the closing date. In addition, you will need to have title insurance and hazard insurance in place.
Closing Your Home Sale Buyers typically pay the following closing costs: fees charged for obtaining a mortgage inspection fees homeowner's insurance (must be prepaid for one year at closing) transfer taxes if there are any (although the seller may pay these or … (6 comments)
buying real estate in ct: Real Estate Recovery Or Not? 2012 Predictions by the Pro's Infographic
- 02/21/12 10:12 PM
Real estate is local and there are many platforms that promote their findings with a slant for personal reasons. The information within this post is presented from across section of real estate professionals from all over North America. While it may not focus on our area, it will give one an indication of where the recovery in real estate has progressed in the last year or so.
Real Estate Recovery or Not?2012 Predictions By the Pro’s Infographic Data, data everywhere, but what should you believe? Are we on, in the middle, or at the tail of a deflating real estate … (0 comments)
buying real estate in ct: The Cost of Renting Vs Buying Your Own Home
- 10/21/11 12:56 AM
The Cost of Renting Vs Buying Your Own Home The current real estate market in Central Connecticut offers many opportunities for buyers, yet many still are reluctant to purchase a home and are staying in their rental units. While this may make sense on a short term basis, over time, it becomes very much about lost dollars, and lots of them. I recently was asked by an older couple to assist them in finding a home. They currently live in a rental condo, and I was surprised to learn that they have been in that unit for over 20 years. Now as … (3 comments)
Home buyers in the market place may never have had a more ‘Perfect Storm’ of opportunity than they have with the current market. · Interest rates are at an all time low and have been for a while now. · Home Inventory is definitely to a home buyers advantage with so much to choose from · There are opportunities for a home buyer to get more ‘bang for their buck’ than ever before · No Money down loans are still there for Certain Buyers
People were buying … (6 comments)
buying real estate in ct: Buying Real Estate in Central Connecticut . . Understanding the Buyer Agreement
- 03/01/11 11:16 PM
Buying Real Estate in Central Connecticut . . Understanding the Buyer Agreement If you are going to be buying real estate in Central Connecticut, it will be necessary to address and sign a buyer agreement with your Realtor. This should not be looked at as a hook to capture you and limit your abilities to purchase a home.
The buyer agreement is a two way commitment between the agent and the buyers. If ensures that the buyers' loyalty will be to the agent that is helping them in their search. The agent has made a pledge to get the client … (6 comments)
buying real estate in ct: Ten 10 Tips on Getting Your Home Sold Quickly in Central Connecticut
- 02/09/11 12:17 PM
Ten 10 Tips on Getting Your Home Sold Quickly in Central Connecticut Your making the decision to sell your home, now get the house in condition to be shown to it's best advantage. We've discussed the marketing that's going to be done, how showings will be handled, who will schedule the showings and we understand the house will be in almost ready to show condition at all times. Here are a few more tips to getting your home sold, quickly. Get out the Honey-do jar. All those minor chores that have been ignored or avoided now need to be addressed … (11 comments)
buying real estate in ct: Sunday Photos . . There's just Too Much Snow!!!
- 02/06/11 02:25 PM
Sunday Photos . . There's just Too Much Snow!!! I was going to have a cup of coffee in our sun room this morning, but the 3 feet of snow on the deck was just too depressing to stare at, especially with more coming this week. Winter has been cruel this year.
So back to the computer I go, but not to work. I did a bit of searching and came up with the cost on the Eastern end of Barbados, a much more pleasant view. I do hope that ground hog was right, I can hardly wait to mow … (29 comments)
buying real estate in ct: What Does it Mean When They Ask for my Highest and Best Offer
- 01/21/11 10:10 AM
What Does it Mean When They Ask for my Highest and Best Offer When you've worked with buyers that can't make up their minds, and insist that the houses are all overpriced, even the foreclosures, these are not the words an agent wants to hear when the listing agent comes back with highest and best by .... . That usually means multiple offers, and all sense of negotiating are out the window. In the case of a Bank owned property, the bank wants to be rid of the house as quickly as possible as it is already a non performing asset. … (9 comments)
Established in 1969, the purpose of CHFA was to assist low to moderate income residents to purchase homes. The process of getting a CHFA program home, is first to get qualified through a CHFA authorized lender. There are over 100 CHFA qualified lenderslocated throughout the State of CT. Currently there are no minimum credit requirement score requirements, however, a prospective buyer … (4 comments)
buying real estate in ct: Can we See These 5 Houses Tomorrow?
- 01/09/11 11:01 PM
Can we See These 5 Houses Tomorrow? To get an email like this would seldom be a negative to any real estate agent. It does present a problem, however when the email is sent at 8:30 at night, and made worse if the times requested at 10:00 AM the following morning.
When the job is done right, it appears to be so easy that clients think nothing of asking for us to move showing times and try to arrange for a last minute showing because a relative wants to see the house also. Setting up showings is not always a simple … (21 comments)
This is not an unusual statement coming from someone that has owned a home for a long period, or even a short period. Most sellers feel that the greatest angst is waiting for someone to come in and like the house enough to submit a contract. This is barely the mid point of the deal. First comes the buyer's inspections, and the sellers should not be present as they want free access to the house both for the inspector and for … (15 comments)
buying real estate in ct: Will the Inspection Repairs be Done on This Short Sale Transaction?
- 12/28/10 06:19 AM
Will the Inspection Repairs be Done on This Short Sale Transaction? Dealing with buyers on a short sale transaction when dollars are tight and the inspection showed some problems can be challenging. When a seller has their home on the market, and it's disclosed that they are trying to negotiate a short sale the buyers must be prepared for few if any repairs that will be made to the home. If the seller's funds are tight or non-existent then the inspections that are done are usually for the buyers to get a better feel for the home and a better … (9 comments)
buying real estate in ct: BUYERS MUST OFTEN USE THEIR 6TH SENSE...
- 12/16/10 11:15 PM
A home purchase is a large investment. It can ruin a family for years if it's not addressed carefully, and approached with care. A qualified real estate agent can assist with the proper tools and contacts to get through the process. This post provides additional detail.
BUYERS MUST OFTEN USE THEIR 6TH SENSE...but should never forget about the other 5 senses! Of those 5 senses (sight, hearing, smell, touch, taste) you can really only use one effectively while searching for a home on the computer. In today's world of internet dependence, websites and, let's be honest, data overload; we often … (0 comments)
buying real estate in ct: You Have References From Your Potential Realtor....But You Don't Know What To Ask?
- 12/14/10 03:22 AM
When making a purchase as large as a home, or in giving this responsibility to an agent, it's essential to do homework. A home for many people is the largest investment they will make. This list offers up many key questions that will help a person get an agent that will work for them and handle their home sale or purchase in a responsible manner. Choose wisely, because at the end of the deal the only one left is you.
You Have References From Your Potential Realtor....But You Don't Know What To Ask?
Let's face it....if you knew everything that … (1 comments)
buying real estate in ct: Buy A Home But Keep Your Secrets
- 12/02/10 12:07 AM
People looking to either buy or sell a house, tend to float around before making a commitment, and also try to give up only as much information as they feel would help their cause. As this post demonstrates, that doesn't always work out to their best advantage. Real estate professionals are there to help their clients, whether buying or selling. When we take on a client, we also subscribe to our fiduciary obligations to assist them. Part of that is Care of the information that is given to us by the client, which can cost the client dearly if divulged. Looking … (3 comments)
buying real estate in ct: A Qualified Buyer in Winter is Generally a Very Serious Buyer
- 12/01/10 01:36 AM
Whether summer or winter or in between, there are always people looking to buy houses. In the warmer months, people accept that they need to keep the outside and inside of the home well presented and clean. It's equally as important in the winter when harsh conditions may require special attention to the home as well. In our area that means keeping the walks shoveled and clear of ice. On the inside, extra mats near the doors to wipe shoes and boots, and maybe also some disposable booties to cover the shoes if the buyers don't want to remove their shores … (5 comments)
buying real estate in ct: I want to be your Listing Agent, but I won't "buy" your listing.
- 11/16/10 02:17 PM
Sellers anxious to get as much money for their home as possible are inclined to give the listing to the agent that comes in with a sales pitch that intimates that they can get much more for the home than any of the other professionals that have been interviewed can. This is false, as the market has tightened so much, and buyers are so shrewd in looking for a deal that they will just stayaway from an over priced listing. A home with special considerations will get some additional attention, but in the end if there is a contract on the home, … (6 comments)
Ed Silva is a licensed Broker serving the Central Connecticut area from the Waterbury 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 would appreciate the opportunity love to help you buy or sell in the Central Connecticut area.
The Perils of Unwed Partners Buying Property 
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