Thinking about buying foreclosure or short sale home in Stratford, Connecticut that may need some work and improvements?

First, you should check with Town of Stratford if they will allow you to do the changes you want.

In Stratford, Connecticut primary responsibility for land use management is carried by The Planning and Zoning Office. This office handles applications for zoning compliance, building permits, zone changes, land subdivision. A building permit is required for the following types of improvements: decks, additions, interior alterations, pools, sheds, garages/carports, roofs & re-roofs. You can find out more at townofstratford.com

After you are sure of changes and repairs you want to do, you should properly evaluate the necessary repairs realistically to make sure you have enough money to finish your project.
The most important step is to know realistic value of the property you are buying and what value it will have after all the improvements are done.

Another important thing to know is how you will finance the purchase.

If you are buying single family or multi family home in Stratford, CT in most cases they will not be in great condition. That means, most likely you cannot get a regular home loan. You will have to, in most cases, pay cash for foreclosed single or multifamily homes in Stratford, CT.

On the other hand condos and townhouses in Stratford, CT are generally in better condition and sometimes you can get regular financing.

Because bank owned properties are sometimes priced low, it is not unusual to have multiple offers. In that case, highest and simplest offers (preferably cash) with no contingencies are usually accepted.

For more information, please visit CTHOMESHOP.COM