The Time is Right to Buy a Home in Waterbury CT
We are finally over this winter and the signs of spring are starting to show. With the warmer weather, people will also start looking to buy a home here in Waterbury CT, and it is a great time to buy. The economy has picked up a bit; interest rates are still low and there are also new mortgage products that can help a buyer get needed repairs to slightly distressed homes.
Interest rates dropped a bit this week and for qualified buyers rates in the low 4% range are achievable.
Inventory is to a buyer’s advantage.
Sellers have been busy making their homes as attractive as possible for buyers looking to own a home in Waterbury CT.
The prices are right and sellers are motivated.
With home ownership come many benefits. It is the American dream that provides financial benefits as well as security and shelter for families:
- Homeowners become an integral part of the community to protect their investments.
- Children do better in school as there is less distractions and disruption to their lives.
- As the market improves, the home builds equity, both with the payment of the mortgage but also with the appreciation over time.
- Home owners get tax breaks as they are able to deduct the property taxes and principal interest from their tax returns.
- In most cases, when a home owner sells a home, they have no tax obligations on the gains.
First time home owners can get a low interest CHFA mortgage and these are available with down payment assistance for qualified buyers. As Waterbury CT is a target zone, the interest rates are typically lower than a conventional mortgage.
For qualified home buyers, a 203K rehab loan could get them into a home that has issues requiring repairs before the buyers can move occupy the home. This type of mortgage product can allow up to $35,000 for repairs, but they need to be done by licensed tradesmen and supervised by a bank inspector.
There are many fine homes available in Waterbury CT in great neighborhoods and priced to sell. I look forward to helping you find your dream home in Waterbury CT.
Someone seriously looking to get into their own home will definitely find a home in Waterbury CT. With so much to choose from in very affordable price ranges, it's easy to get into your own home.
If you would like information on homes for sale in Waterbury CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Waterbury CT.
The Time is Right to Buy a Home in Waterbury CT
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