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What would it actually take to prepare your home for sale
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Quick Weekend Trip to New York City from Connecticut
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Quick NYC Getaway
Brunch by the Water, Know What Your Home Could Be Worth in this Market and More!
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November 2022 Milford, CT, Real Estate Market Trends Report
To put it plainly, the real estate market in Milford, CT is HOT! If you are a homeowner in Milford, who has been considering selling, you are in luck! You’ll see from my trend report that the average list price for homes remains the same as the previous month and the median list price for a home is up 4% to $600K which is an increase of over 26% from the same time last year! Even though sales prices were down about 7% the previous three months leading to November, sales prices actually rose over 16% this November over same time last year! These continual rises create a general average year over year upward trend. So even though you may be hearing that the market is insane, and we may be seeing some high ups and downs month to month, the gradual upward trend still remains. The Milford market is not only holding strong, it has been and remains to be a market that people are chomping at the bit to get in to. Each home on the market has very little competition so it has excellent market placement. As long as a property is priced at fair market value, it will sell for a great price. Reach out if you want to discuss your options! Here is a link to my contact page!
Check out the full report here
Check out Milford homes for sale here
The 20% Down Payment Myth
I speak to so many renters who believe that they can never achieve the dream of homeownership because the prospect of saving 20% of the total mortgage just seems out of reach. The good news is that the 20% rule is largely a myth. Unless a particular loan type requires it, there is rarely a need to come up with that sometimes insurmountable sum! Yes, by putting down 20% you save the cost of Private Mortgage Insurance, but that is not a fee that stays with you for the life of your loan and isn’t a requirement. Additionally, some loan products require a down payment as low as 3.5%! It doesn’t cost you anything to reach out to a trusted lender to see what you qualify for and to see what your options are. A good lender can even give you a step-by-step plan to get you where you need to be and to get your credit score where it needs to be! Check out this article for more info on the 20% down payment myth!
