What Renovation Loans Are Available?

Home renovation loans are great for homeowners and investors alike. You can make your home look just the way you want it with any of these products.

There is a lot of confusion surrounding renovation loans. Can you really borrow money to fix up your home and make it exactly the way you want it to be?

The answer is yes. There are some really great renovation loan products in the marketplace right now. For example, the FHA 203k renovation loan is a federally insured mortgage that allows you to use just 3.5% of your own money. You can also build in the cost of the rehab right into the loan.

There are some great renovation loan products in the marketplace right now.

Another renovation loan you might not have heard of is the Fannie Mae HomeStyle Renovation Mortgage. This program is for owner-occupants who want to fix up the home and live there.

If you are an investor, there is also a great product out there for you. You can use just 15% of your own money for the whole renovation, flip the house, and then resell for a profit.

We use a great company called Prospect Mortgage, one of the largest renovation loan providers in the country. We would be happy to refer you to them.

In fact, Carbutti & Co. Realtors will be teaming up with Prospect Mortgage to provide an informative seminar for people looking to buy a home. This seminar will help potential home buyers understand some of the in's and out's of the home buying process that you might not be aware of if you have never gone through this complex process. Click here to register for that seminar on Tuesday, December 6th from 6:00pm-9:00pm. 

If you want to find out more about these renovation loans, give me a call or send me an email. I would be happy to help you out!

Affordable Homes in New Haven County

There are many great New Haven County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (203) 269-4910 x 12 for a FREE home buying or selling consultation to answer any of your real estate questions.

Welcome back, everyone. We decided to shoot our video outside because it was such a beautiful day in Wallingford we couldn't resist. Today's topic is affordability in the marketplace. There seems to be a big misconception among buyers that there aren't a lot of affordable homes in Wallingford and New Haven County.

We are here to tell you that there are affordable homes, you just have to know where to look. One place to search is www.hudhomestore.com. Not a lot of brokers out there are certified to sell HUD homes, but we are. Right now, you can get a single family home with 3 bedrooms, 1 full bath, 1500 square feet, and a 2 car garage for under $200,000. In fact, we just sold one on South Orchard St. for $115,000.

If you think there are no affordable homes out there, you are mistaken. The great thing about HUD homes is that they are pretty easy to finance, and all you need is a little bit of guidance from a HUD certified broker.

If you have any questions, give us a call. We would love to sit down with you to explain how HUD properties work and why so many home buyers should be taking advantage.

We Protect Home Buyers as a Buyer Brokerage

There are many great New Haven County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (203) 269-4910 x 12 for a FREE home buying or selling consultation to answer any of your real estate questions.

In today's blog I am going to be focusing on buyers. I've talked about this in the past, and I think you're starting to understand the buyer brokerage.

In the state of Connecticut, a real estate broker either represents the seller's interests, or we represent the buyer's interests. However, I still see a lot of buyers going to open houses and making offers with the listing agents for those properties. I don't think these people really realize how real estate works, because these agents at open houses are not working to protect the interests of the buyer. 

The agents at the opens houses are working for the sellers, and are protecting their interests.

If you're not familiar with buyer brokerages or you don't have an agent representing you, then you need to sit down and speak with us today.

At the very least, you need to shoot me an email or give us a phone call to receive a copy of our Home Buyers Guide. This guide will tell you what to expect throughout the entire process to ensure that your best interests are protected.

I really want to make sure that your interests are being looked after, so I urge you to call me now and set up a time where we can discuss your wants and needs, and we can formulate a plan so those expectations can be met.

As always, consider me your #1 resource for New Haven real estate.