Why Should You Be a Preapproved Buyer?

Why Should You Be a Preapproved Buyer?

Today I wanted to talk about the importance of being preapproved for a mortgage. With many loan programs like FHA, CHFA, USDA (the only 100% financing loan) and conventional (including fixed and rehab), this is all the reason why you should be preapproved for a mortgage!

If you are not preapproved for a mortgage before you go out looking for homes, you are at a huge disadvantage right now. We’ve had buyers get excited and go out, look at homes and walk into a $350,000 home thinking they can afford it. However, after talking to a lender or mortgage broker, they find out they’re only approved for a $250,000 mortgage. This is a huge letdown! On the positive end of it, we’ve had people thinking they could only afford a condominium and find out after preapproval that they qualify for a larger mortgage.

I just want to stress that if you are not preapproved before you physically go out looking at homes, you are at a huge disadvantage. You can either call or email me and we can get you preapproved for a mortgage. It only takes 5-10 minutes, its painless, there is no obligation and we can match you up with one of our fantastic lending partners with the best products and interest rates.

Thanks and have a great day!

We Need Your Home!

We Need Your Home!

Today I wanted to direct this video towards to potential sellers in New Haven County and Wallingford. The Wallingford inventory of “good” or desirable houses is ver y low and in fact, the current market action index is 31.0; which is excellent and still trending upward towards sellers. The market action index actually tells how the market is doing by measuring what’s for sale and what is actually selling. If a market action index score is lower than 30, it is considered a buyer’s market and if it is above 30, then it’s considered a seller’s market.

If you’ve got a house to sell and you want to put it on the market and upgrade or downsize, now is the time to do it. The buyers are out and are looking to take advantage of interest rates before the New Year. There is no reason to wait!

If you’re thinking about selling your home and you want me or one of my expert real estate advisors to come out and give you an honest, realistic estimate of what your home will sell for, please call me at (203) 980-6886. Thanks and have a great day!

3 Tips for Buying a Home During the Holidays

3 Tips for Buying a Home During the Holidays

Today I wanted to talk about holiday home buying tips if you are looking for a home. Number one, the market doesn’t stop during the holidays. We sell a lot of homes through Thanksgiving, Christmas and the New Year. Last December was one of the busiest home-selling seasons we’ve had. If you are looking for a home, understand we still sell homes through December.

Second, December is when you will get a good deal as a buyer because sellers tend to be more negotiable during the holidays. This can because they home may be on the market for two or three months already and will be very open to any reasonable offers. Finally, I want to make sure you are working for a real estate team that does not check out during the holidays. Many part time agencies shut down for the holidays. Here at the Carbutti Company Real Estate, we are a full time real estate team. Not only will be working with me, you will work with my entire team who will be available 24/7. We will make sure we show you properties, get you preapproved for a mortgage, negotiate on your behalf or do whatever needs to be done to get you into a home.

If you are looking for a home and would to set up showings, call me at (203) 980-6886 or email me at jonathan@carbutti.com. Thanks and have a great day!

I Want to Wish You a Happy Thanksgiving!

I Want to Wish You a Happy Thanksgiving!

The season of giving is upon us and I wanted to give thanks to you and everyone else that has touched our lives this year. I hope you also take this time to offer thanks to the people who have helped you through this past year. I wish you a safe and Happy Thanksgiving and you can watch my latest video to hear my holiday message!

Are you pricing your house to SIT or SELL?

Are you pricing your house to SIT or SELL?

Hey, everyone. Pricing properly is one of the most critical elements of selling a home. There are two approaches to pricing a property: you price it to sell or price it to sit.

Buyers today are more educated than ever. They want an up-to-date home in good condition with a reasonable price tag.

A couple of weeks ago we had a client whom had her home appraised. The appraisal value came in at above $300,000 and that is what she wanted to price the property at.

Now, the appraiser hadn’t taken into account all the work the home needed for it to be up-to-date in comparison with competing homes. We wanted to price the home lower. Because the client's independent appraisal came in above $300,000, against our better judgment, we agreed to list the home at that price.

The home had eight showings. We got feed back from six of the buyers and their agents. All the feedback affirmed what we had thought. The home needed too much work done and the price needed to be lower.

It’s important to listen to your real estate professional. They know the market; we work in a retail business. We want top dollar just as you do. There is a fine line, though, between overpricing your home and getting the most money out of your sale.

Thank you for watching. If you have any questions, please give me a call!

Carbutti & Co. Plans to Restore Historic Victorian Home for New Offices

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As we continue to grow, evolve and thrive – we are fast finding it necessary to expand our physical boundaries to support our ever expanding and growing business. So when we set out to find the perfect future home for Carbutti & Co. Realtors we thought “what better way than to directly support our local community?” And that’s exactly how we feel as we take on the project of restoring to its original glory, the gorgeous Victorian estate that overlooks our Wallingford Town Hall.

With over 6,000 square feet we will comfortably settle in and gladly revel in the gorgeous facility’s grandeur. It reflects perfectly the New England charm of our region and more importantly, the personality and character of our community.

Come visit us today! We will happily give you a tour of the new future home of Carbutti & Co. Realtors. We look forward to seeing you!