When buying a Connecticut home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? […]
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Buying a Home Is Still Affordable. The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and
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Americans Favor Homeownership as an Investment. Given the option, most Americans would prefer to invest in homeownership than in stocks. Let’s connect today if you’re ready to enjoy the financial benefits of homeownership. The Connecticut Real Estate Broker has been helping Connecticut Buyers, Sellers & Investors for 40 years. Steve Schappert has built 12 homes, completed
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A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement 87% – the best investment plan 85% –
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Some Connecticut Buyers Prefer Smaller Homes, Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: “The very nature of the pandemic, through the health implications, social
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Don’t Sell Your Connecticut Home On Your Own Just Because It’s a Sellers’ Market. In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it
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Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year. If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax
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Don’t Get Fooled into Selling Your Connecticut House on Your Own At first glance, selling your home on your own may seem like a smart way to save money. Many homeowners are tempted to list their property without the help of a licensed real estate professional because they think they’ll avoid paying commission fees
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How a Change in Mortgage Rate Impacts Your Connecticut Homebuying Budget. Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since
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Connecticut Home Buyers: There’s No Reason To Panic Over Today’s Lending Standards. Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability
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