Home for Sale at 1 Heather Lane, East Granby, CT 06026

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1 Heather Lane
East Granby, CT 06026

Stacey Costanzo with eXp Realty, original listing - (866) 828-3951

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Property Details

List Price:	$419,900
Beds:	4
Baths:	Full: 2
Status:	Active
SqFt:	2706 Square Feet
Agency:	eXp Realty
Agency Phone:	(866) 828-3951

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1963
Notes:	This home is better than new construction. This homeowner goes above and beyond. He has already performed a full home inspection and repaired the few items that came up so this house is pristine to say the least. All new paint, the floors were redone, updated the kitchen with new cabinets, appliances, floors, counters and lighting throughout. New cabinets in the breezeway which can be used as a pantry for extra storage. The living room has a large window providing tons of natural light and fireplace for those chilly nights. 2 Bedrooms and a full bath on the first floor and 2 bedrooms and a full bath on the second floor. All of the rooms have hardwood floors, new windows and new paint. A gorgeous sitting room was redone with tons of light and vaulted ceiling. This room also leads out to a deck overlooking the private yard. If that's not enough space, there is always the finished, walk out basement. A brand-new septic was just installed. It's a week old. (that's why the grass is thin. It was just replanted) Professional landscaping provides exception curb appeal. Large corner lot on a dead-end street gives a ton of privacy. The whole house generator is always a huge plus! The mechanicals have all been updated also. There was no stone unturned.
MlsNumber:	--
ListingId:	24050987

Listing Provided By:	eXp Realty, original listing
Phone:	(860) 929-2718
Office Phone:	(866) 828-3951
Agent Name:	Stacey Costanzo
Disclaimer:	Copyright © 2024 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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