All About Connecticut Real Estate

By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“When Homeowners Agree to Make Repairs” Joe,We know there are a number of repairs that the property needs and we are asking the sellers to take care of this work prior to the purchase. He has indicated that he can handle any and all repairs.We were told there were two previous buyers, but deals fell through. We have the 3.5% for down payment and the amount for the home, the inspection and appraisal, but do not know how much more we will need? Have discussed a gift from our parents, we want to give them good numbers. Let us know at your earliest convenience. Thanks Joe!  Unfortunately, not all sellers will follow through with agreements when it comes to repairs. Sometimes a home seller will do attempt to make these repairs, but results sometimes leave much to be desired. Having a re-insp...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“The Answer is better than the Question” A property manager of single-family residence was showing a unit to prospective tenants and asking the usual questions. "Professionally employed?" he asked."We're a military family," the wife answered."Children?""Oh, yes, ages nine and twelve," she answered proudly."Animals?""Oh, no," she said earnestly. "They're very well behaved."  
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Real Estate & Mortgage Outlook for 2022” Mr. Petrowsky,I am not exactly sure how I originally got to reading your blogs on Linkedin, but am a regular follower. Your blogs are very insightful and will certainly reach out to you in 2022 as I will be needing a mortgage. I am 34 and will be a first time home buyer.In reading some of your advice, it seems to me that you don’t see home values dropping anytime soon and you also don’t see interest rates going crazy in 2022, is that correct? I am fortunate to have a very good job, my current income is $75,000 and been with this company going on 3 years. Do you have any advice for me to focus on over the next few months? Jerri Do I think real estate values will drop in 2022, hell NO! Will values continue to rise at the same levels that they did ...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Naugatuck CT Real Estate Statistics for December 2021  Naugatuck CT is a town of app 32,000 in New Haven County. It spans the Naugatuck river and its roots go back as a farming community. As the farms began to turn into residential communities, manufacturing took over and the rubber industry was primary with the evolution of the GoodYear Metallic Rubber Shoe Company into US Rubber, which evolved into Uniroyal.  With the decline of manufacturing, the town is primarily a residential community with easy access to New Haven and Bridgeport. Currently in Naugatuck CT there are 26 active residential listings for sale, with 3 new listings being added in December. The homes for sale in Naugatuck CT range from a 520 square ft, 3-bedroom mobile home, listed at $24,900 to a 2,460 square ft, 4-bedro...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“There is Prejudice and it is up to All of Us to Help Stamp it OUT”   Mr. Petrowsky,Your name was given to me by my two aunts. They have both told me that you helped them obtain financing to purchase their home. They both indicated you helped them when no one was very interested in helping them obtain financing for a mortgage. I am a little gun shy as we are all from Jamaica and speak with an accent. I know that based on what they shared, I shouldn’t be concerned, so can you help me as well. It is easy for most of us to say that prejudice doesn’t exist in this country, but we would be kidding ourselves. I know what prejudice looks like and my responsibility to do all that I can to stamp it out!This is a recent article that speaks to this topic about home ownership:  https://www.hud.gov/...
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By Westchester Modular Homes Construction Corp, Westchester, Putnam, Rockland, Dutchess, Orange
(Westchester Modular Homes Construction Corp)
YOU ARE INVITED! Register for the LIVE VIRTUAL FACTORY TOUR on Wednesday, January 26th, 2022 @ 5:30 PM EST at www.vt-sign-up.com Experience a live virtual tour of our actual design center and factory plus models located at the factory, as well as custom homes that our clients have allowed us to shoot in 3D and share with you.Find out how the entire modular building process works - from initial site work and permits to completed, fully landscaped custom designed home. We can build your next home in any style, size and layout. If you are interested sign up at www.vt-sign-up.com What will you learn by attending the Live Virtual Factory Tour? The benefits & advantages of modular construction The design software & how you can take a 3D walkthrough of your home before its built How the entir...
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By The Brokerage Group - CT Real Estate, Fairfield & Litchfield County + Candlewood Lake
(The Brokerage of New England)
Recently Sold in Roxbury CTCountry Homes with Amenities65 Painter Ridge Roxbury, CT $900,000 - Located on the most picturesque ridge sits this beautiful country home on 7.33 acres. Known for its tranquil seasons and stunning westerly views. A residence boasting a combination of spaces for formal and informal entertaining. Perfectly proportioned rooms and sophisticated color palette. Special features include heated gunite pool, home office, rec room with gym equipment and pool table, fireplace, patio, hardwood flooring throughout, mudroom with access to oversized 2 bay garage off kitchen. New homeowners get to enjoy the surrounding cultural treasures, vineyards, ski resorts, parks, nature reserves, trendy restaurants and shops. Country splendor and convenient living all within 2 hours of...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Get Your Mind Out of the Gutter”  Michael J. Fox has a small one.Arnold Schwarzenegger has a big one.Madonna doesn't have one. The Pope has one but doesn't use it. Clinton used his all the time. Bush is one.Mickey Mouse has an unusual one. Liberace never used his on women. Jerry Seinfeld is very, very proud of his. Cher claims that she took on 3. We never saw Lucy use Desi's. What is it? The answer is: 'A Last Name
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By The Brokerage Group - CT Real Estate, Fairfield & Litchfield County + Candlewood Lake
(The Brokerage of New England)
Planning & Preparing for 2022Hi, we want to check in and say hello and let you know we are back in business. As we plan and prepare for 2022, the Fairfield County Real Estate Market is off to another start with extremely low inventory. We are asking all homeowners, if you are preparing your home for sale, please contact us. We have home buyers pre-approved and prepared to buy.If you or someone you know is ready to sell their home in the Fairfield County area, call 203-733-1613 or email BrokerageNE@gmail.comThank you for your support, Brian & LisaOwner/Broker/REALTOR®The Brokerage of New EnglandBrokerageNE.com
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Closed a Reverse Mortgage Short Sale in Naugatuck CTShort Sale are a common part of the options available to people having mortgage issues and facing foreclosure. Regardless of the times, people still get into life situations that impact their way of life and cause their finances to get disrupted. A rather disturbing trend that has started is the economy running away with costs and forcing older homeowners into foreclosure.Such was the case for the family whose elder aunt was facing foreclosure and being forced out of her home. A family member, that had been assisting with the monthly expenses passed and that left the survivor to maintain the home and still pay the bills. Cost ran on and it was no longer feasible to maintain all.A reverse mortgage is the process of taking of the equity ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
  Opening the mailbox and finding a letter from the IRS is frightening, but what happens next can be even scarier. The tax agency wields incredible power, and if they claim you owe additional taxes they have many different options for forcing you to pay.   When the IRS claims you owe additional money, they will act quickly, and that could leave you reeling, and trying hard to preserve the money you need to pay your bills, feed your family and keep a roof over your head. If you are employed, the IRS can reach into your paycheck, forcing the company you work for to withhold part of what you are owed until the tax debt has been satisfied.   The IRS can also hold onto any refunds and government payments you would otherwise be due. If you have been waiting for that big fat refund check to a...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“An Unresponsive Realtor is a Problem” Good Morning Joe I called the Realtor you referred yesterday. I spoke to him and signed the contract with him. Luis also spoke to him and we both gave him a description of what we want. Now we are all on the same page and on the same team. Hopefully this will make the process easier that the real estate agent we started with. Thank you very much for all of your help. It is greatly appreciated.  First time home buyers need extra handholding, which is not something that all Realtors can give or are willing to give. Most good agents will let these  types of buyers what they can and cannot offer first time home buyers. If the client understands the ground rules they can now decide if that will work for them. Honest communication is vital with all our c...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What Happened in The Prospect CT Real Estate Market Prospect December 2021?   Prospect CT is a town of App 10,000 residents located in New Haven County. It is bordered by Waterbury, Cheshire, Naugatuck and Bethany.  One noted by Money Magazine as one of the top 300 towns in the Nation, it has since adopted the title of Best small town in CT.It serves as a predominately residential community whose residents commute to the nearby towns.  It has a well-recognized regional school system shared with Beacon Falls CT.  It is also recognized as a well-managed town with taxes under control.   Search for homes in Prospect CTCurrently in Prospect CT there are 13 active residential listings for sale, with 2 new listings added in December. The homes for sale in Prospect CT range from a 960 square ft...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“Investor Properties Easy to Finance”  Mr. Petrowsky,I was doing some Google searches last evening and came across some of your blogs, specifically regarding getting mortgages for folks that want to buy multifamily homes. I have a number of clients that I have been working with and new ones on a regular basis. My clients know I understand these properties and also own a few myself.The challenge I have is that after the clients buy a few, no matter how much income they have, eventually the debt ratios don’t work. It is obvious you understand the problem, so can you help me? I do all of my business in Florida and looked you up on Linkedin and saw that you are licensed here.Sorry to email you so early, but got pretty excited about the possibility to work together. Jeremy It is almost impos...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value December 2021Currently in Waterbury CT there are 81 active residential listings for sale, with 21 new listings being added in December. The homes for sale in Waterbury CT range from a 1,024 square ft, 3-bedroom row house listed at $72,000 to a 6,278 square ft, 6-bedroom  colonial listed at $598,000. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.  Search for Homes in Waterbury CT The average list price of the homes currently available for sale in Waterbury CT is $227,074. The average days on market for these homes are 66 days.  There are currently 158 homes either under show status or hard deposit in Waterbury CT.   In December 2021, 92 homes closed in Waterbury CT. They ranged from a 633 square ft,...
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By Eric L. Green, Your IRS Tax Litigator
(Tax Rep LLC)
Taxes are at the heart of our economic engine.  Though we have a “voluntary tax system”, it’s not THAT voluntary!  The IRS makes a point of pursuing taxpayers who fail to uphold their end of the bargain, and is currently pursuing the more than 10 million non-filers, many of whom are high-income earning. Ready to make more money and take your practice to the next level? This special workshop with Tax Attorney Eric Green (Tax Rep Network) and Forensic Accountant Dawn Brolin, CPA, CFE (Designated Motivator) will walk you through how to handle non-filers, help them pull together the many missing pieces, and how to get them back on the straight-and-narrow!  Dawn and Eric will also cover where clients come from, how to charge for your services, and will share sample forms, checklists and let...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“The Poor Dog” A group of country friends from the Cottonwood Baptist Church wanted to get together on a regular basis to socialize, and play games. The lady of the house was to prepare the meal. When it ca me time for Al and Janet to be the hosts, Janet wanted to outdo all the others. Janet decided to have mushroom-smothered steak, but mushrooms are expensive. She then told her husband, “No mushrooms, they are too high.” He said, “Why don't you go down in the pasture and pick some of those mushrooms?  There are plenty in the creek bed.”She said, “No, some wild mushrooms are poison.”He said, “Well, I see varmints eating them and they're OK.”So, Janet decided to give it a try. She picked a bunch, washed, sliced, and diced them for her smothered steak. Then she went out on the back porch ...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
I started as a client, ended up being friends.We all like being appreciated for our efforts and we will always have a special client that tends to bring out the best in us.  This family wanted to relocate from the South Bronx and the Pandemic was the push needed.  I would like to think I treat everyone equally and do the best I can, but this woman just felt it was necessary to have the final word. Go figure, from a woman! I don't know how many stars this review would be according to market appreciation, but for me it's priceless.I’m writing this review in appreciation to for Mr. Edward Silva from Mapleridge Realty LLC in Waterbury CT I started out looking for a house for my family and myself, then I met Mr. Silva, he took his time with me, whatever Mother Nature threw our way, rain, or ...
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By Joe Petrowsky, Your Mortgage Consultant for Life
(Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)
“A Conventional Renovation Loan Product is available”  Hey Joe,We found a home that is of interest. The home needs some work which doesn’t bother us, but the listing agent told my agent that the seller will not accept an FHA 203K loan, as their previous deal fell apart that was FHA. Is there another loan product that we could go with and still get the dollars for the renovations? An alternative to the FHA 203K loan is a conventional loan product which is the Fannie Mae Home Style loan. Minimum down payment is 5% of the purchase price and renovation costs. The majority of the guidelines are very similar to the FHA 203K counterpart. 
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Connecticut Real Estate Agents and Real Estate Professionals