Housing Market Not Out of the Woods Yet!

ForestA point being overlooked this Spring is that a full-fledged housing recovery will require a normally functioning real estate market and we are nowhere close to one.

The Federal Reserve is spending $40 billion each month to keep rates artificially low; the futures of FHA, FNMA & FreddieMac are uncertain; questions remain about employment and job creation, and who knows what’s happening in Washington.

It might be wise to balance the enthusiasm over rising prices and increased activity this springRising Home Prices with the knowledge that much of the housing market is still healing and the increase in home prices is being driven partly by scarce inventory.

Family FinancesIn addition, rising home prices usually coincide with rising demand as more households form or people’s preferences swing toward homeownership. However, household formation is down from previous years and the overwhelming majority of these new households are choosing to rent rather than own their home.

Don't Sit on the FenceStill Now is the Time to Buy and Sell! The optimistic homebuyer can still find a new home, in good condition, at a good value and a low mortgage rate. And the smart seller shouldn’t wait too long to put their home on the market. When the season ends and enthusiasm wanes; a rise in rates could offset their hopes of getting a better sales price.

http://www.mortgagenewsdaily.com/05132013_housing_forecasts.asp

Watertown, CT Real Estate and Homes For Sale – 108 Nova Scotia Hill Road, Watertown, CT

108 Nova Scotia Hill Road

 
Let’s be neighbors! You must see this completely remodeled ranch with 2nd floor addition. Beautiful new kitchen with tile floor. 1st floor Master bedroom. 2 new full baths, 1 with ngorgeaous heated tile floor. Blue stone patio with unique barbeque setting. New roof, siding and windows.  

Ihttp://www.raveis.com/raveis/F987349/108novascotiahillroad_watertown_ct/ 

I live just down the street from this great home and would be happy to be this first to welcome you to the neighborhood.

Call Me at 860.945.9284 to discuss your mortgage options and to take advantage of my FREE Mortgage Pre-Approval service. Then call my friend Jim Jannitto to schedule a showing and be ready to make an offer

With today’s attractive rates, and my direct relationships with trusted lenders who offer a wide range of affordable mortgage programs, you just might be able to move in with a minimal down payment and low closing costs

Seymour CT Homes for Sale – Eligible for 100% USDA Financing

Seymour CT Homes for Sale – Eligible for 100% USDA Financing

These selected Seymour CT Homes for Sale are Eligible for 100% USDA Financing with a USDA Guaranteed Rural Housing Development Loan.
The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified buyers:
• Up to 100% Financing of the home’s Appraised ValueNo Down Payment required
• Ability to Finance Closing Costs when the Appraised Value is higher than the sales price
• One 30 year fixed rate mortgage at low-interest rates
• Low Monthly Mortgage Insurance increases buying power.
◊ Beats FHA, CHFA and Conventional MI any day

First Home Buyers, Move-Up Buyers and Down-Sizers … You just might be Eligible for 100% USDA Financing with a USDA Guaranteed Rural Housing Development Loan and be able to own one of these Homes for Sale in Seymour CT with a minimal down payment and low to no closing costs at today’s low interest rates.

143 Derby Avenue                          $209,900143 Debby Avenue
First Home Buyers! Just move in to this Fully renovated modernized & insulated Colonial. Tbright and Sunny, it just needs your personal furnishings. New Roof, Electrical, Walls, Plumbing, HW floors, Windows& Central Air. Boiler, & Central Air Virtually Maintenance Free.
http://www.realtor.com/realestateandhomes-detail/143-Derby-Ave_Seymour_CT_06483_M35519-16286?ex=CT548075181

17 Charles Road                              $199,90017 Charles Road
Expanded ranch. Lots of space for First Home buyers and their growing family. Super garage & workshop, See it and you’ll love it! Probate approval required. http://www.realtor.com/realestateandhomes-detail/17-Charles-Rd_Seymour_CT_06483_M38202-86895

17 Hull Pl                                          $233,00017 Hull Place
Seeing is Believing. Updated 3/4 bedroom colonial on cul-de-sac. Newer thermo-pane windows, siding and roof both replaced. Crown molding, wainscot, hand scraped oak and original pine floors all grace the first floor to add to the colonial charm. http://www.realtor.com/realestateandhomes-detail/17-Hull-Pl_Seymour_CT_06483_M37339-60232?ex=CT550057629

212 Bungay Rd                                   $239,900212 Bungay Road
Well maintained home with large bedrooms, Perfect for a growing family. Large BARN and Shed for the man that wants space for toys. Wooded area in back with spring fed pond great private playground for kids. Fireplace and wood burning stove
http://www.realtor.com/realestateandhomes-detail/212-Bungay-Rd_Seymour_CT_06483_M41932-04889?ex=CT549791517

12 Rimmon St                                        $244,90012 Rimmon Street
Charming Colonial with 3 bedrooms, 2 Full Baths, Large Kitchen with Formal Dining area. Main Level Family Room with sliders to lovely deck overlooking level yard. Detached Garage. Newer Roof and Mechanicals.
http://www.realtor.com/realestateandhomes-detail/12-Rimmon-St_Seymour_CT_06483_M46146-93030

Call Me @ 860.945.9284 to discuss the right mortgage option for your family and to take advantage of my FREE Mortgage Pre-Approval service.

P.S. Most single-family Seymour CT Homes for Sale are Eligible for 100% USDA Financing with a USDA Guaranteed Rural Housing Development Loan. CondoS too, as long as the HOA meets FNMA and FHA guidelines. The program has liberal income limits and DTI ratios that might enable buyers of other high-end homes to qualify for this program. Call me for details.

Choosing the Right Real Estate Agent Will Make Your Home Buying Experience Easier

Choosing the right real estate agent to help in your home purchase isn’t as easy as opening the phone book or dialing a number advertised on a park bench. Here’s a quick overview of what you need to know.

In addition to your mortgage professional, your Real Estate Agent is the backbone of your home-buying team. From beginning to end, it is a real estate agent helping you to select, negotiate, legally purchase, and finance your new home. When it comes to finding the right real estate agent, however, things get can get overwhelming quickly.

Who do you choose? The person whose name is on the sign outside your dream home? The smiling woman wearing a suit jacket whose picture seems to be on every park bench in town? What about that business card in your wallet from a co-worker who sold his house last year? Are all of these people equally capable of getting you into the best home for you and your family? Will their personality “fit” with yours? Michigan State University Extension highlights a few quick tips to get you in the right frame of mind when you’re looking for an agent:

First, the basics. Remember that a real estate agent is a state-licensed professional who has been trained and certified to sell houses, other buildings, and land. Furthermore, an agent who advertises as a Realtor® is a member of the National Association of Realtors and subscribes to its code of ethics. This means that both your state real estate commission and your local Association of Realtors chapter can be valuable resources in both obtaining quality referrals in your area and checking on the professional record of referrals you get elsewhere.

• Second, make sure you know who your agent is working for. While a real estate agent’s job is to match buyers and sellers, and all agents can represent both parties, some choose to specialize.
      A listing agent, or the seller’s agent has a contract with the seller of a house to advertise the  property for sale and represent the seller when offers are made (this would usually be the person’s name you see on a lawn sign). They get paid by the seller out of the proceeds of the sale.
      A buyer’s agent, meanwhile, works exclusively for the buyer and gets paid by splitting the commission with the listing agent, or sometimes directly by the buyer.
     Finally, a dual agent legally represents the interests of the seller and the buyer in the same transaction, usually requiring both parties’ written consent. Regardless of whom they are representing, the agent has a legal obligation to deal fairly and honestly with both parties, and must disclose everything they know about the home they are selling. Still, it’s important to be aware of which parties in the transaction the agent has a contractual obligation to represent, since it has an effect on the negotiating process.

Third, don’t be afraid to shop around. While it’s important to not take up too much of an agent’s time if you are not serious about buying, you should not hesitate to interview and look into the credentials of more than one real estate agent when making your decision. Despite what Buyers and Sellersagents may tell you, any agent can sell you any home in your area. Therefore, it’s important to find someone you feel comfortable working with as you navigate the many steps of the home-buying process. Your agent should respect and understand your individual needs as a buyer, and be able to provide you with a level of attention and care that gives you confidence in your home buying experience.

Keeping these simple tips in mind, you will be better able to make a smart, informed selection from the number of real estate agents available to help guide you on the path to home ownership.
http://msue.anr.msu.edu/news/choosing_a_real_estate_agent_finding_the_best_fit_for_you_during_your_home