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Determining the fair market value of a property involves factors such as recent comparable sales in the area, current market conditions, the property's condition and features, and any unique characteristics that may affect its value. You can also consult with a real estate agent or appraiser for professional guidance.

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If a property is listed as "under contract" or "pending," it means that an offer has been accepted by the seller, but the sale has not yet been finalized. You can still express your interest in the property and may have the opportunity to submit a backup offer in case the current deal falls through. Additionally, you can keep an eye on the listing status for any updates or changes.

AS A FIRST-TIME BUYER, WHAT STEPS SHOULD I TAKE BEFORE STARTING MY HOME SEARCH?

Before starting your home search, it's important to assess your financial situation, determine your budget, and get pre-approved for a mortgage. You should also research neighborhoods, consider your long-term housing needs, and familiarize yourself with the homebuying process. We are here to help you with all of these steps.

WHAT ARE THE ADVANTAGES OF GETTING PRE-APPROVED FOR A MORTGAGE?

Getting pre-approved for a mortgage gives you a clear understanding of how much you can afford to borrow, which helps you narrow down your home search to properties within your budget. It also demonstrates to sellers that you are a serious buyer, potentially giving you an advantage in competitive markets.

WHAT TYPE OF MORTGAGE IS BEST FOR FIRST-TIME BUYERS?

The best type of mortgage for first-time buyers depends on factors such as your financial situation, credit score, and long-term plans. Popular options for first-time buyers include FHA loans, which offer low down payment requirements, and conventional loans with fixed interest rates.

WHAT GOVERNMENT PROGRAMS OR INCENTIVES ARE AVAILABLE FOR FIRST-TIME BUYERS?

There are several government programs and incentives available for first-time homebuyers, including FHA loans, VA loans for eligible military members and veterans, USDA loans for rural homebuyers, and first-time homebuyer assistance programs offered by state and local governments. Other first-time buyer programs offer assistance or grants for down payment and closing costs assistance.

WHAT SHOULD I PRIORITIZE WHEN VIEWING POTENTIAL PROPERTIES AS A FIRST-TIME BUYER?

When viewing properties as a first-time buyer, it's important to prioritize factors such as location, affordability, size, layout, condition, and potential for future appreciation. You should also consider factors that may affect your quality of life, such as proximity to schools, parks, and amenities.

DO I NEED A REAL ESTATE AGENT AS A FIRST-TIME BUYER?

While it's possible to buy a home without a real estate agent, having an experienced agent on your side can provide valuable guidance and support throughout the homebuying process. A real estate agent can help you navigate negotiations, paperwork, and potential pitfalls, saving you time and stress.

SEE ALL PHOTOS

Pending

206 Burgundy Hill Lane 206

206 Burgundy Hill Lane 206, Middletown, CT 06457

$134,900

BACK ON THE MARKET. BUYER'S FINANCING FELL THROUGH. Welcome to your personal sanctuary! First floor living at its best! Step into this renovated 2-bedroom ranch-style condo nestled in a beautiful complex. The kitchen features new granite countertops, a refreshed bathroom, and a spacious living room/dining area that opens onto your private deck through sliding doors. Whether you're seeking an ideal owner-occupied residence or a savvy investment opportunity, this property is turnkey ready. Don't miss out - seize this chance to move into a home that perfectly blends comfort and convenience. Act now, as this exceptional opportunity won't be available for long! Located in the Westfield Fire District with a competitive rate of 1.817 x assessment as of January 24, 2023.

2
beds

1
bath

706 Sq.Ft. LIVING AREA

Katrina Pratt

title Broker | Owner
PHONE (860) 851-6623
EMAIL [email protected]
DRE # REB 657224

Features & Amenities

Interior

total bedrooms2
Total bathroom1
full bathroom1
APPLIANCES Dishwasher, Microwave, Range, Oven, Refrigerator, Electric Water Heater

Area & Lot

Status Pending
Living Area706 Sq.Ft.
MLS® ID24081569
TypeCondo
YEAR BUILT1987
Architecture StylesRanch, Apartment
Elementary SchoolPer Board of Ed
High SchoolMiddletown

Exterior

water SourcePublic
parkingOff Street, None, Paved
HEAT TYPEElectric, Baseboard
AIR CONDITIONINGWall Unit(s)
sewerPublic Sewer
other exterior FeaturesBalcony

Financial

Sales Price$134,900
Real Estate Tax $1,843/yr
HOA $353/mo
Zoning PRD-2

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Thank you for your interest in 206 Burgundy Hill Lane 206, Middletown, CT 06457. We are reviewing your request and will be in touch shortly!

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