Posts by Tom Wetmore
Downsizing in Connecticut: When to Start, What to Sort, and How to Sell Smoothly
Planning to downsize in Connecticut? Learn how to sort, prepare, sell, and coordinate your next move with less stress and more clarity.
Read MoreMoving Within Connecticut: How Move-Up Buyers Can Plan the Buy-Sell Timeline
Moving within Connecticut? Learn how move-up buyers can plan the buy-sell timeline, prep the current home, and structure the next offer.
Read MoreFirst-Time Buyer Guide for Connecticut: Budget, Timing, and Offer Strategy
Buying your first home in Connecticut? Learn how to plan your budget, timing, financing, inspections, and offer strategy before you start touring.
Read MoreShould You Sell Your Connecticut Home This Summer? Pricing, Prep, and Timing Tips
Summer can be a strong time to sell in Connecticut, but success depends on pricing, preparation, timing, and a clear plan for your next move.
Read MoreConnecticut Real Estate Market Update: What Buyers and Sellers Should Watch This Summer
Connecticut’s housing market remains active, but not every town, price range, or property type is moving the same way. Here is what buyers and sellers should watch this summer.
Read MoreWhat Is a Short Sale?
A short sale is a good way to prevent a foreclosure should you become unable to pay your mortgage payments. Because a foreclose realizes a considerable loss to the bank, most lenders will approve a short sale in order to avoid this unfortunate scenario. A short sale takes place when a homeowner sells the home…
Read MoreSome Facts About Short Sales
Know if You Qualify If you have a provable hardship that is preventing you from affording your monthly mortgage payments, you may qualify for a short sale. A hardship can include illness, death, unemployment or divorce. Keep in mind, if you have a significant amount of liquid funds available with which to pay the mortgage,…
Read MoreQuestions About REO
What Is Real Estate Owned? Homes that have been foreclosed on are called REO, or real estate owned (by the bank.) Borrowers who have variable interest rates and first time home buyers are especially at risk of experiencing foreclosure on their homes. What Is the Typical Condition of an REO? Foreclosed homes are typically in…
Read MoreHow To Avoid Foreclosure With a Short Sale
What Is a Short Sale? A short sale is when a borrower is unable to make mortgage payments and is forced to sell the home while the proceeds are less than what is owed to the lender. When this type of sale happens, the bank suffers a financial loss and the borrower can walk away…
Read MoreImprove Your Real Estate Market Analysis With MLS
Whether you’re planning to sell your home or buy a new one, you want to get the best deal for the property. Research is your ally in this regard. While it may not be your favorite pastime, knowing where the real estate market is in your vicinity will put you miles ahead in your efforts…
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