New Haven foreclosure listings and properties attract homebuyers for all the right reasons. The listings are marked at great discounts over the current market trends, and the properties are luxurious homes in classy colonies. The government foreclosures naturally involve clear titles free of any lien; and the auction procedures are few, simple and transparent. It is, therefore, very understandable that the residents of New Haven and its suburbs have welcomed the opportunity to acquire inexpensive homes through the property auctions with gusto.
New Haven is located in New Haven County, on New Haven Harbor, on the northern shore of Long Island Sound. It is the second largest municipality in the US state of Connecticut, after Bridgeport. New Haven sports the nickname “The Elm City” because it undertook the first public tree planting program in America, generating a canopy of luxuriant trees, including several large elms. The city plays home to the world-renowned Yale University. Along with education, health care, professional services like legal and architectural, and financial services form the backbone of New Haven’s economy. The suburbs of New Haven include an assorted group of such cities, towns and villages as Ansonia, Beacon Falls, Bethany, Branford, Cheshire, Derby, Guilford, Hamden, Madison, Meriden, Middlebury, Milford, Naugatuck, City Point, Fair Haven, Long Wharf, Quinnipiac Meadows, Wooster Square, Orange, Prospect, Southbury, Wallingford, Wolcott and Woodbridge.
Government Foreclosures: The Upswing Continues
As per latest market reports, government foreclosures have increased by 14 percent in the Q2 or second quarter of 2008 over the previous figure, and by 121 percent over Q2 of 2007. Nevada, California and Arvada were among the worst affected states, with one in every 43 Nevada households receiving a foreclosure filing. As a prospective homebuyer, you should be aware of the market trends so that you can secure your interests and plan your investments the better.
Agents Rule the Real Estate
New Haven property auctions will lose some of their mystery and awe if you were to contact Simeone Beverly, Margaret Brooks, William Raveis, Anthony Puccillo, Miguel Rodriguez, or any other important real estate agent working in New Haven. An agent can prove invaluable to you in your search for a dream home. The agent typically receives the remuneration for her efforts from the seller out of the sale proceeds; the buyer needn’t pay her. Hence, profiting from a seasoned agent’s astute suggestions doesn’t come with a fee.
You should choose an agent only after meeting a few of them, & ascertaining who appears to be the most experienced, knowledgeable & resourceful of the lot. An agent can virtually make or mar fortunes in these unpredictable economic times. The foreclosure auctions represent a lucrative business opportunity, but you must bear in mind the attached risk factors. You make a few judgment errors and you are inviting future government foreclosures proceedings against your own self. An agent will guide you on the quantum of the mortgage loan that you can comfortably pay, the price of the house to bid for, the maximum auction bid you ought to make, and the like. If you play your cards well at the foreclosure auctions with an expert agent, you will doubtless make a smart investment there.