Archive for the ‘Greater Hartford CT Home Buying and Home Selling’ category

Is Your Condo Complex Still HUD Approved?

August 10, 2011

In general, condominiums are popular among first time homebuyers. In addition, FHA mortgages are a popular financing option for first time homebuyers because of the low down payment (3.5%). However, if a buyer is purchasing a condominium and is obtaining an FHA-insured Mortgage, the condominium complex must be on a list of HUD approved complexes and meet certain criteria.

Prior to December 7, 2009, once a condominium complex received HUD approval, it remained on HUD’s list of approved condominium complexes. However, for each FHA loan, lenders would ask condominium associations to complete a questionnaire to confirm that the complex continued to meet FHA guidelines.

As of December 7,  2009, condominium complexes have to be re-approved by HUD every two years to stay on the list of HUD approved complexes. (more…)

Hartford – Best Place To Invest In Home

December 27, 2010

Hartford is the BEST market in the nation to invest in homes according to a CNBC report, citing five metrics used by Zillow.com to identify the best investment markets :

  • Price to income ratio is low
  • Areas where buying is a better value than renting
  • Declines in home values are slowing
  • Foreclosure rates are declining
  • Foreclosure re-sales represent a higher percentage of the market

(more…)

Charting Your Course to Home Ownership in Greater Hartford, CT

October 8, 2010

Welcome to the Living in Greater Hartford Blog! Whether you are a first time home buyer or just getting back on to the Hartford Connecticut Real Estate market, here is a place where you can find everything you need to know about home buying.

This Hartford, CT Real Estate Blog should serve as your source of information where you can find complicated topics like mortgage programs and FHA loans explained in a simple and easy-to-understand manner. The benefits to buying versus renting, How to apply for a mortgage, What are the first and the last steps of the home buying process?, What are CHFA loans? These are all topics that aren’t always easy to understand.

Buying or selling a home in any of the Greater Hartford areas, from Hartford Connecticut and East Hartford Connecticut, to Wethersfield Connecticut and Rocky Hill Connecticut, is an exciting journey. You are going to need somebody to help you chart your course along the way.

With 25 + years servicing customers and a dedication to constantly furthering my education as a Hartford Connecticut Real Estate Agent, I would love to be the person to help you get through this slightly complicated, but always exciting, real estate experience.

Maria Hagan
Hartford CT Real Estate Agent
East Hartford CT Real Estate Agent
Wethersfield CT Real Estate Agent
Rocky Hill CT Real Estate Agent
Homes for Sale in Greater Hartford CT

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