Condo4Sale

CT Condos for Sale or Rent

Chris Myers — Tue, 06 Sep 2011 15:31:04 +0000

Connecticut Condo Rentals – Many know that Condo4Sale is the easiest way to find Connecticut condos for sale, but we also offer condo rental services for CT residents seeking condos for rent or for current condo owners that want an experienced rental professional who understands CT laws and condominium rules. Plus, let Condo4Sale deal with finding the right tenant so you don’t have to take the phone calls, sifting through the field of potential renters, pre-qualifying, etc..

While we do not have an online search for condo rentals available at this time, we do have licensed agents that have been providing condominium rental services for over three decades. We also work with local CT area property management companies like Northeast Property Group, which manage thousands of condo units in Southeastern CT and throughout the state.

If you are interested in renting your condominium or looking for a condo for rent, we are the experts. Our unique focus on CT condominiums gives us an advantage in helping you find the right condominium complex or renting your condo to a properly qualified individual.

Call us today at 860-437-7005 for assistance or more information.

Condo4Sale.com is the one stop shop for your Connecticut condominium rental needs.

Condo Sales on the rise in Eastern CT

Chris Myers — Wed, 22 Jun 2011 12:00:59 +0000

Figures released by the Eastern CT Association of Realtors show that in eastern Connecticut, sales of condominiums outperformed nearly all other forms of real estate transactions (mobile homes being the only other performing sector) in first quarter comparison’s of 2011 to 2010.

While the real estate markets continue to be soft in various markets, these statistics show that in New London county, condominiums continue to outperform other forms of real estate both in terms of volume of sales and sales price.

With general real estate foreclosures falling by 38% across the state of Connecticut, now may be the best time to look for good values in the CT condominium market. Contact a real estate professional at condo4sale to find your condo today.

Useful Info for Eastern CT Newcomers

Chris Myers — Wed, 22 Jun 2011 11:42:40 +0000

The Eastern Connecticut Association of Realtor’s (ECAR) has a newcomer’s guide that is published in 5 languages. Each guide contains some basic information Eastern CT and New London County real estate.

You can view and print the guides in your language of choice here:

New Comer’s Guide English
New Comer’s Guide Russian
New Comer’s Guide Haitian
New Comer’s Guide Chinese
New Comer’s Guide Spanish

For real estate questions, to view a listing or sell your condo, contact Condo4Sale at 860-47-7005.

Interested in a CT condo? Have questions? Just ask.

Chris Myers — Wed, 04 May 2011 15:31:44 +0000

If you are seasoned investor or a first time home buyer, and have a question about what condominiums are available in southeastern CT, the shoreline, or Connecticut in general, you can post your questions here on condo4sale.com and a real estate professional will respond to you quickly.

This is what makes condo4sale different from many larger real estate agencies: we are focused on our client’s experience when searching, purchasing or selling a condominium, and will spend the time necessary to make sure the single biggest purchase in your lifetime is a positive one.

You can also call Condo4Sale today at 860-437-7005.

CT Updates Tourism Website

Chris Myers — Tue, 26 Apr 2011 19:39:44 +0000

Connecticut has updated it’s tourism website which showcases area attractions and helps visitors plan their trips. Visit to see more.

CT’s new tourism website shows the best of southern New England has to offer. Northeast Property Group’s agents understand Connecticut’s attractions and we welcome the opportunity to discuss condominium real estate near an area that interests you.

Leave a reply below or call Condo4Sale at 860-437-7005.

Search Engines Find Condo4Sale

Chris Myers — Fri, 11 Feb 2011 16:54:16 +0000

I know this is kind of the technical side for this website, but it’s a relief to finally see condo4sale.com showing up in several of the major search engines when a user google’s “condos for sale CT” or condominiums in New London. In many instances we are in the top 5 results for people searching for condominiums in Connecticut.

As this site continues to grow, web traffic will increase, which means more eyes looking to buy condos for sale will see your exclusive condominium listings here at condo4sale! You will also notice that condoforsale.com now is part of our domain family and points to condo4sale.com

If you are thinking of selling a condo or buying a condo in Connecticut, consider condo4sale for expert representation and very personalized, hands on service.

You can contact us in any number of ways. Leave a comment below, call 860-437-7005 or use the contact button on the right of this page.

New London County Market Report

Chris Myers — Thu, 20 Jan 2011 22:35:08 +0000

Below is a graphic of the condominium market’s performance in New London County (aka Southeastern Connecticut) in the third quarter of 2010.

Condos For Sale in CT

Chris Myers — Tue, 18 Jan 2011 17:38:07 +0000

Condominium News in Connecticut

At condo4sale.com we make it easy for you to search for condominiums for sale in CT. We specialize in helping people find great deals on condominiums in Waterford, New London, Stonington, Pawcatuck, North Stonington, Groton, East Lyme, Niantic, Ledyard, Mystic, Montville, Salem, Griswold, Old Lyme and all of the Southeastern Connecticut / New London County area!

If you are seeking help to list your Connecticut condominium, we also offer expert buyer representation services to help get your condo sold fast. Don’t hesitate to call us at 860-437-7005 for a free consultation. We are located on 150 Eugene O’Neill Dr. in New London, CT.

Referrals- Spread the Word!

Chris Myers — Mon, 27 Dec 2010 20:35:52 +0000

At condo4sale, we love referrals!

If you know someone who is thinking of buying or selling a condo in New London County (Southeastern CT), have them call condo4sale at 860-437-7005 for expert representation.

Short Sales and Foreclosures in CT

Chris Myers — Thu, 23 Dec 2010 13:57:57 +0000

Facing a foreclosure or a short sale on your condominium in Connecticut is a difficult situation at best. Condo4Sale has successfully negotiated multiple short sales on behalf of lenders and real estate owners and will help you during your challenging time. The key is to not delay!

Make the first step by calling Condo4Sale at 860-437-7005 and we will help guide you through this process. For more information regarding the differences between short sales and foreclosures, please read below or contact us directly with any questions.

You can also check out our frequently asked questions regarding short sales and foreclosures here.

Benefits of a short sale vs. foreclosure

Homeowner Consequences

Issue	Foreclosure	Successful Short Sale
Future Fannie Mae Loan Primary Residence (effective May 21, 2008)	A homeowner who loses a home to Foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years.	A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only2 years.
Future Fannie Mae Loan Non Primary Residence (effective May 21, 2008)	An Investor who allows a property to go to Foreclosure is ineligible for a Fannie Mae backed investment mortgage for a period of 7 years.	An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed investment mortgage after only 2 years.
Future Loan with any Mortgage Company	On any future 1003 application, a prospective borrower will have to answer YES to question C in Section VIII of the standard 1003 that asks “Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?” This will affect future rates.	There is no similar declaration or question regarding a short sale.
Credit Score	Score may be lowered anywhere from 250 to over 300 points.Typically will affect score for over 3 years.	Only late payments on mortgage will show and after sale, mortgage will be reported as paid or negotiated. This will lower the score as little as 50 points if all other payments are being made. A short sale’s affect can be a brief as 12 to 18 months.
Credit History	Foreclosure will remain as a public record on a person’s credit history for 10 years or more.	Short sale is not reported on a credit history. There is no specific reporting item for ‘short sale’. The loan is typically reported ‘paid in full, settled.’
Security Clearances	Foreclosure is the most challenging issue against a security clearance outside of a conviction of a serious misdemeanor or felony. If a client has a foreclosure and is a police officer, in the military, in the CIA, Security or any other position that requires a security clearance in almost all cases clearance will be revoked and position will be terminated.	A Short Sale on its own does not challengne most security clearances.
Current Employment	Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediatereassignment or termination.	A short sale is not reported on a credit report and is thereforenot a challenge to employment.
Future Employment	Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have and in most cases will challenge employment.	A short sale is not reported on a credit report and is thereforenot a challenge to employment.
Deficiency Judgment Amount	In 100% of foreclosures(except in those states where there is no deficiency) the bank has the right to pursue a deficiency judgment.	In some successful short sales it is possible to convince the lender to give up the right to pursue a deficiency judgment against the homeowner.
Deficiency Judgment Amount	In a foreclosure the home will have to go through an REO process if it does not sell at auction. In most cases this will result in a lower sales price and longer time to sale in a declining market. This will result in a higher possibledeficiency judgment.	In a properly managed short sale, the home is sold at a price that should be close to market value and in almost all cases will be better than an REO sale resulting in a lower deficiency.