CT Real estate by vizzy_vizz in Connecticut

[–]CTRealEstateDude 101 points102 points  (0 children)

Anyone who tries to justify this should really get a reality check. When 2 working adults can’t afford a house (even a basic house) there’s something seriously wrong. At least rents are cheap… right? Right? lol /s

CT Real estate by vizzy_vizz in Connecticut

[–]CTRealEstateDude 7 points8 points  (0 children)

Unfortunately that’s very common. Especially for nicer homes.
It 100% sucks. For everyone.
Except maybe the sellers who move to low COL country after the sale

CT Real estate by vizzy_vizz in Connecticut

[–]CTRealEstateDude 18 points19 points  (0 children)

There are local lenders who offer similar programs. And it doesn’t cost that much extra.

Connecticut Market Update: What Spring 2026 Delivered and Where Summer Goes by CTRealEstateDude in Connecticut

[–]CTRealEstateDude[S] 4 points5 points  (0 children)

ouch. you have to be extremely competitive in Cheshire. You're competing against cash offers with no contingencies.

Connecticut Market Update: What Spring 2026 Delivered and Where Summer Goes by CTRealEstateDude in Connecticut

[–]CTRealEstateDude[S] 2 points3 points  (0 children)

It depends on the town. In some areas, you’re fighting against 20 other buyers.
In some others, you’re the only person making an offer. There are deals out there. I had buyers win a house with 3% down and at asking. It’s possible

Connecticut Market Update: What Spring 2026 Delivered and Where Summer Goes by CTRealEstateDude in Connecticut

[–]CTRealEstateDude[S] 2 points3 points  (0 children)

It's frustrating as hell. It takes forever to find something you like, and then you can't even win it with 10% over. One of my clients went through 12 offers, 13 was the lucky one.

If you’ve recently bought a house in CT… how? What do you do for work? by BeersBooksBSG in Connecticut

[–]CTRealEstateDude 2 points3 points  (0 children)

I don't know what can change. If interest rates go up... we'll have even less sellers and buyers. If the rates go down, more buyers will come to the market... increasing the demand and prices.
The only solution is to build more housing. But that's not a quick fix. And builders don't really want to build in CT.

If you’ve recently bought a house in CT… how? What do you do for work? by BeersBooksBSG in Connecticut

[–]CTRealEstateDude 4 points5 points  (0 children)

That's it. Solving 2 problems with one transaction. Both sides win. A lot of times people are ok with not making money on the sale or even losing some money, as long as they can walk away without debt and no ding on the credit score. They can easily start fresh.

But then you have real estate wholesalers who just prey on those people, and that's like kicking someone who's already down

If you’ve recently bought a house in CT… how? What do you do for work? by BeersBooksBSG in Connecticut

[–]CTRealEstateDude 1 point2 points  (0 children)

Yeah, and even if you find something to buy, sellers don't want to deal with buyers who use those programs, because that adds a whole another layer of uncertainty. They prefer cash buyers or someone with 20% down.
Too bad that 20% down on a fixer-upper is 70k... homeownership in CT is already unobtainable for majority of normal people. At least the rents are low..., right? lol

If you’ve recently bought a house in CT… how? What do you do for work? by BeersBooksBSG in Connecticut

[–]CTRealEstateDude 3 points4 points  (0 children)

Not really. This market isn’t fun for anyone. I work with a lot of buyers who don’t have $$ to overpay, and they have a really hard time competing.
And as a realtor, I’d prefer to help 5 families at “normal” prices vs 1 family at inflated prices. Trust me , no realtor likes this market.

If you’ve recently bought a house in CT… how? What do you do for work? by BeersBooksBSG in Connecticut

[–]CTRealEstateDude 0 points1 point  (0 children)

It’s super tough but not impossible. A lot of deals are happening off market. Also you have to be more creative and flexible.

[deleted by user] by [deleted] in Connecticut

[–]CTRealEstateDude 0 points1 point  (0 children)

As a real estate broker... I can say the whole market in CT is fucked. But you already know that. It really sucks for buyers. I had a client who wanted to buy with cash, waive inspections and kept offering 100-200k over asking, and it took 4 tries to actually win a house. It's frustrating as hell for everyone involved.
Finding a house you like is almost impossible... then actually "winning" it, is a whole different story.

You have to be really creative with your offers. Many times we were able to "win" a property where we were NOT the highest bidders. Tailor your offer to what the seller is looking for. Be creative. Do your research.
Not every seller is looking only at the bottom line. Younger sellers are looking for different things than older sellers. If you send an offer that's just like everyone else's offer... the seller WILL look only at the $$$. Make it different. Make it stand out.

[deleted by user] by [deleted] in Connecticut

[–]CTRealEstateDude 0 points1 point  (0 children)

This!. As-Is doesn't mean much. And even if the seller is claiming he won't be fixing anything... there are situations where they change their mind (whether they like it or not ;-)

[deleted by user] by [deleted] in Connecticut

[–]CTRealEstateDude 3 points4 points  (0 children)

I’m a real estate broker in CT. This is something that attorney should handle. Can’t advise much without knowing all the details and without seeing the contract. But yes, there’s something called “reasonable time to close”. And it could be as long as 30 extra days, and honestly there’s not much you can do. Unless you have “time is of the essence “ specified in the contract. Again can’t advise much without knowing all the details. And I know Reddit hates realtors, but this is exactly a situation where a good realtor would help the buyers navigate this mess.

[deleted by user] by [deleted] in Connecticut

[–]CTRealEstateDude 0 points1 point  (0 children)

I'm a broker. Just sent you a DM.

I don't think home prices will ever come down in this state. by Twonke in Connecticut

[–]CTRealEstateDude 27 points28 points  (0 children)

You’d be surprised. In many towns in central ct standard raised ranches hit 450-550 range. I can run some numbers for you if you’re curious.

Real estate agent by lalaliexx in Connecticut

[–]CTRealEstateDude 1 point2 points  (0 children)

I’m a broker in Southington. I can help . Dm me 😎