Buying a home..Lenders appear to be loosening Credit

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CT roads summer 2013 The Road to homeownership may not be as difficult as a year ago..or even 3-4 months ago!

The lenders have started to point out that 1 in 3 consumers has a credit score below 650, the previous threshold to home ownership, and this market is currently being ‘underserved’. Latest market data suggests the move is already in progress. When looking at average minimums the average for the last three months of 2013 was 571 down from the 599 of one year prior. So what does it mean to you, the home buyer?

As a home buyer of course you want your credit to be in the best shape possible. For some, despite two plus years of paying on time and keeping credit in check there are challenges from the past that haunt the FICO score. What this news means to you is that the haunted credit score, which is more a snapshot in time (a bad time) rather than a true reflection of your credit worthiness, will no longer be an immediate barrier to homeownership in 2014.

In a recent article two lenders, in particular were mentioned, and as with most things in this industry others will begin to follow suit..Those mentioned this week were Carrington Mortgage Services LLC and Wells Fargo. As with all things financial please shop around, do your homework and find the solution that makes the best financial sense for your personal situation.

Happy shopping- Selling/Buying/Investing- You owe it to yourself to call Dawn McNary, REALTOR® , with Heritage Properties spc Today! Let me help you ‘Make YOUR home ownership dreams a reality!’
860-575-5001 Call/Text
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Gardening Spring 2014

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As the snow comes down at rates approaching 2-3″/hour I cannot help but think of the Spring Garden I want to have for Spring 2014. Do you envision a garden this year? Are you creating from new or tweaking the garden from last year? Please do tell the tricks and hints you have learned along the way that will help any gardener to enjoy the work of gardening.

The best hints so far, for the New England and North Texas garden are RAISED BEDS!! Funny that this is a great hint in Connecticut as well as North Texas- but it is, yet it is so for very different reasons. In North Texas much of the soil is clay and if you do not know- clay is not prime planting soil, digging soil, or workable soil. Heck there are days I would not even say it was soil- it is just plain difficult. So the Raised bed is the salvation of the Texas backyard gardener. With some creativity, a good spot that can get both sun and shade (to protect from the August Sun’s Scorching rays) and a close by water source the Raised Bed garden allows the gardener the power over the soil. To amend it as needed, to supply it where needed, and to create the space that makes sense for the plants and the parcel.

In Connecticut the soil is in many places very workable, it is good fertile soil for growing a variety of plants and it has some definite benefits over clay- but it also has magical power- Connecticut soil has the ability to produce rocks. Big, small, heavy, light- each year you begin your garden it seems the winter months have created a rock garden that surpasses the one of last year- in sheer size and quantitiy. So the raised bed solves all of these problems and provides much more control over the end product- the Garden.

Which begs the question – What type of garden do you seek?

Happy House Hunting in Eastern and Central Connecticut. If you need a REALTOR® to list your current home, or are looking to buy or rent in the Eastern/Central or Shoreline region- Give Dawn a call/text 860-575-5001 at Heritage Properties spc

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Get approved After you find your perfect home!

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Dec 14 2013 Mitchell Catch My Breath Rest AreaGet approved AFTER you find your perfect home!

Did you ever hear this advice?  From well meaning friends and family I would guess.  Do you know that this advice could keep you FROZEN out of your perfect home.  The most critical part of YOUR home search is not finding the home, but rather finding the financing that makes sense for your personal situation.  Once that step is out of the way then..and only then..can you take the steps toward owning the perfect home!

Getting started is easy! Let me, and my experience, help you walk the path to home ownership!

Happy House Hunting in Eastern and Central Connecticut. If you need a REALTOR® to list your current home, or are looking to buy or rent in the Eastern/Central or Shoreline region- Give Dawn a call/text 860-575-5001 at Heritage Properties spc

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Cottage Gardens Spring 2014

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The phrase “Cottage Gardens” bring you back to Beatrix Potter and the unique blend of plants one would expect to find along a winding road in the countryside of England..or, in this case, New England!

A cottage garden is by its very nature- unique and intimate to the inhabitants of said cottage. A traditional cottage garden is usually located near the doors to the home; be it back or front. This type of garden will be a seemingly wild, untamed, yet purposeful, mix of plants: shrubs and roses as well as annuals and perennials and perhaps, just perhaps a vegetable or herb to provide for practicality.

Stepping into a cottage garden can transport one body and mind into another world. A cottage garden is a beautiful place to enjoy nature, to read a book, or to spend an afternoon just being in good company. However you enjoy your cottage garden there is something beautiful in knowing the space and the plants and the purpose are as individual as you are- so go on, get dirty, and create your Cottage Garden Retreat 2014!!

Happy House Hunting in Eastern and Central Connecticut. If you need a REALTOR® to list your current home, or are looking to buy or rent in the Eastern/Central or Shoreline region- Give Dawn a call/text 860-575-5001 at Heritage Properties spc

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Connecticut Flower and Garden Show 2014

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Preparing to sell your home or preparing to move into a new home- both are exciting times and at this time of year who could not FINALLY use a reason to think SPRING!!??? I know I can- and what better way to ring in the new season than at a Flower and Garden Show!

Feb 20-Feb 23 at the Connecticut Convention Center you will have your chance to think all things SPRING!!

Make plans to check out the Connecticut Flower and Garden Show 2014- for more information and/or to buy tickets please go to the website for the 33rd Annual Connecticut Flower and Garden Show - Hope to see you there!

Happy House Hunting in Eastern and Central Connecticut. If you need a REALTOR® to list your current home, or are looking to buy or rent in the Eastern/Central or Shoreline region- Give Dawn a call/text 860-575-5001 at Heritage Properties spc

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Carbon Monoxide and Smoke Detector Laws when selling or renting Real Estate

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Carbon Monoxide and Smoke Detector Laws when selling or renting Real Estate have recently changed and buyers and sellers need to be aware that there are actions that must take place prior to or no later than closing.

What is required?  An affidavit..which is, simply put, a statement under oath, therefore it is a document that is handled by the attorney at closing.

You are selling a Condo or Townhome- so the affidavit law will not apply to you, right?  Not right- the need for an affidavit applies to all Single Family residences including Condos which are Townhome style or Apartment style.

As a seller you decide you are not willing to submit an affidavit- so now what?  Can you still sell your home?  YES!!!! you can still close on the contract; however you will need to credit the buyer $250.00 at closing.

As a seller you bought the home, invested and upgraded it- but never actually lived in the home so you are exempt from the affidavit, right?  NOPE!  There is no exception for non-owner occupied houses. (or investment properties)

There are other questions that may come up during the process- as always ASK your professional REALTOR® if in doubt.

Happy House Hunting in Eastern and Central Connecticut. If you need a REALTOR® to list your current home, or are looking to buy or rent in the Eastern/Central or Shoreline region- Give Dawn a call/text 860-575-5001 at Heritage Properties spc

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New Mortgage Rules Jan 10 2014

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Jul 2011 Summer at Rockwall HarborNew Mortgage Rules roll out Jan 10 2014- and that day is TODAY.

But what do the NEW rules really mean?

The changes should not mean much has changed- but here is the short version- they are changes whose purpose is to insure that borrowers of monies for mortgages have the ability to repay said mortgages.

With that said- the changes that are rolled out today should not intimidate you from continuing or beginning your home search.  What they should do is encourage you to be prepared- talk to a lender- actually a FEW lenders- and working with your financial history, financial present and financial future (crystal ball magic these lenders have)- Working with what you know come up with a home shopping budget that makes financial sense for YOU!

Just remember the NEW magic number when working on your budget- 43%- stay under that and be able to verify income and it will be as if nothing ever changed- Many people will simply be saying….New Rules- What New Rules?

Happy House Hunting in Eastern and Central Connecticut. If you need a REALTOR® to list your current home, or are looking to buy or rent in the Eastern/Central or Shoreline region- Give Dawn a call/text 860-575-5001 at Heritage Properties spc

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Winter Storm #Bethany came into Connecticut overnight

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Image Winter storm #Bethany came into Connecticut overnight and it was expected to bring 5-10inches of snow to the region.  Looks like we got off on the easy side of the storm with maybe 5-6inches here in the woods of East Haddam.  The roads once you get south of East Haddam look very much like the driveway photo- so be safe out there, watch out for other drivers- we KNOW you KNOW what you are doing, so don’t let it be another driver that takes you down with them!!

For everyone out of school or home from work today- stay warm, enjoy the sun- if it ever arrives- I am counting on it- and I bet you are too!

And finally shout out to all of you that have HAD ENOUGH!!!  If you are ready to LIST your home for sale and head anywhere but here to be in Sun and Warmth everyday of the year- then give me a call- 860-575-5001- would love to help you make your dreams come true!! [Licensed REALTOR® in both CT & TX]  For everyone of you that want to go South there is another who wants to LIVE IN THE SNOW!  (I know- ODD- but so true!!)

Make it a great one everyone!

National Laundry Day…(a.k.a The Day AFTER Christmas)

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National Laundry Day (a.k.a. The Day AFTER Christmas) is a tradition around here. When Santa is kind enough to deliver the much anticipated bounty of socks, undies, tshirts..not to mention jeans and sweats, and towels and bedding…it can only mean one thing….laundry!!

Whatever you are choosing to do on this Day After Christmas…make the most of it…give it 110%… And enjoy the chance you have to do it and do it well!!

Merry Christmas!!

12Days of Christmas

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