Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 24, 2021

Did you know?

Did you know? 𝐓𝐡𝐞𝐫𝐞 𝐢𝐬 𝐧𝐨 𝐬𝐮𝐜𝐡 𝐭𝐡𝐢𝐧𝐠 𝐚𝐬 𝐚 𝐬𝐭𝐮𝐩𝐢𝐝 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐢𝐧 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞.

The real estate market is always changing, and whether you are buying or selling, you're making one of the biggest financial transactions of your life, so it's a good idea to tap into your agent's expertise.

My job as an agent is to educate you on the buying and selling process, as well as prepare you for success and set expectations regarding our current market. If you have a lot of questions when it comes to real estate, you are not alone! 

I'd love to help answer your questions. Shoot me a message and let's chat – no strings attached!

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #investment #house #properties #realty #homesweethome #broker #justlisted #marketing #decor #sold

Posted in Real Estate Blog
June 23, 2021

Buyer's Agent vs. Seller's Agent

 

 

In today's market, hiring the right agent is the single most important thing you can do, regardless of whether you are buying or selling. An experienced agent can help guide you throughout the process, alleviating any stress that can go hand in hand with buying or selling your most expensive asset. 

⁣Here's how an agent makes the process easy, enjoyable, and as simple as possible. ⁣

⁣𝙱𝚄𝚈𝙴𝚁'𝚂 𝙰𝙶𝙴𝙽𝚃:

⁣•  An adviser and advocate during the entire home buying process

• Educates you on current market conditions

• Uncovers your needs and wants, as well as motivations to purchase a home

• Provides guidance with getting pre-approved and recommends mortgage lenders

• Gathers, presents, and shows you listings that meet your criteria

• Negotiates contingencies, the closing timeline, and the final selling price.

•  FREE to you! Buyer's agents are paid by the sellers

𝚂𝙴𝙻𝙻𝙴𝚁'𝚂 𝙰𝙶𝙴𝙽𝚃:

⁣• Also known as a Listing Agent

• Evaluates your property and suggests a listing price based on comparable homes that have sold recently, as well as market trends

• Presents your home in the marketplace through various mediums such as the MLS, on social media and internet search engines, print, and mailers, and to other agents 

• Makes suggestions to improve and/or enhance your home’s features allowing it to look its best (including staging, photography, etc.)

• Stays in regular communication and always acts in your best interest

⁣Whether you are thinking of buying or selling – I can help!   

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #realestate #realtor #dreamhome #home #buyer #forsale #investment #sellyourhome #homesales #buyahome #homedecor #broker #realestateagent #1sttimehomebuyer #homebuyertips #usefultips

Posted in Real Estate Blog
June 22, 2021

The Benefits of Home Ownership

June is National Homeownership Month, a time to recognize the importance of homeownership and its impact upon the lives of families, neighborhoods, and the economy. For many, owning a home represents stability, financial success, and the opportunity to contribute to their community. Let's take a closer look at home homeownership affects our daily lives. 

𝗛𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 & 𝘆𝗼𝘂

Homeownership provides families with a sense of emotional and financial stability and increases household wealth through equity and appreciation over time.

𝗛𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 & 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆

Homeownership plays a vital role in helping to build strong, stable communities. Not only does it benefit the community through taxes, but also through increased volunteerism and less crime. 

𝗛𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 & 𝗼𝘂𝗿 𝗲𝗰𝗼𝗻𝗼𝗺𝘆

The housing market is a driving force in our economy, and homeownership contributes to our local and national economies through jobs, manufactured goods, construction, and more. 

Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on our economy. If becoming a homeowner is a part of your vision, let's connect and discuss your real estate goals and come up with a plan to start the homebuying process.  

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #realestate #mortgage #realtors #home #lender #life #fha #loanofficer #homegoals #realtor #fanniemae #homeowner #goals #marketing #closing #onlineapplication #money #yourloantime #moving #realestateagent #habloespañol #homesweethome #realestatelife #family #homesforsale #firsttimehomebuyer

Posted in Real Estate Blog
June 20, 2021

Happy First Day Of Summer

 

𝘏𝘢𝘱𝘱𝘺 1𝘴𝘵 𝘋𝘢𝘺 𝘰𝘧 𝘚𝘶𝘮𝘮𝘦𝘳! ☀️

With a little intentionality, we can turn normal days into unforgettable ones by choosing an adventure mindset, and make summer 2021 one for the books. 

Here are a few ways you can create fun, memorable experiences this summer. Tell me your favorite summer activity that you have planned in the comments!

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #investment #house #properties #realty #homesweethome #broker #justlisted #marketing #decor #sol

Posted in Real Estate Blog
June 18, 2021

4 Main Types Of Home Loans

   

 

Buying a home is exciting, but the financial side of things can often feel you leaving a little overwhelmed. ⁣The good news is once you determine your budget, have your downpayment secured, and talk with a lender to get pre-approved, you will be able to choose the loan option that works best for you and your financial situation.  

The type of loan you choose will depend on numerous factors which can include credit score, available funds for a down payment and closing costs, how much debt you have, property type, and veteran status.

If you're thinking about buying a home, and are looking for a good mortgage lender, let me know! I can refer you to a few great lenders that my clients work with regularly! 

Here are the 4  main types of mortgage loans for homebuyers:

𝟙. ℂ𝕆ℕ𝕍𝔼ℕ𝕋𝕀𝕆ℕ𝔸𝕃 𝕃𝕆𝔸ℕ𝕊.

Low interest rates for borrowers with good credit and little debt. No limits on area, income, or property type. You can also get rid of PMI (mortgage insurance). Requires as little as 3% down for first-time homebuyers depending on the area. 

𝟚. 𝔽ℍ𝔸 𝕃𝕆𝔸ℕ𝕊.

low interest rates, more forgiving on credit, and higher debt ratio. PMI Is for the life of the loan, and requires a minimum of 3.5% down. This government-insured loan makes homeownership more accessible If you have less cash or less-than-stellar credit. 

𝟛. 𝕍𝔸 𝕃𝕆𝔸ℕ𝕊.

Must be a veteran. No down payment required and no PMI, and flexible with credit. This Is a fantastic option for our Veterans, as you can buy a home with no money out of pocket, and have a lower monthly payment. 

𝟜. 𝕁𝕌𝕄𝔹𝕆 𝕃𝕆𝔸ℕ𝕊.

Common in high-cost areas, these loans allow homeowners to borrow more money in expensive zip codes. 

If you're thinking about buying a home, and are looking for a good mortgage lender, let me know! I can refer you to a few great lenders that my clients work with regularly! 

#mortgage #realestate #equityprimemortgage #homegoals #yourloanjourney #homeownership #valoans #lender #homeloan #homeowner #homes #mortgagelender #newhome #conventionalloans #mortgagebanker #dreamhome #fhaloan #realtors #loanofficerlife #realtor #loanofficer #houses

 

Posted in Real Estate Blog
June 17, 2021

Top Reasons To Invest In Real Estate

We are all familiar with investing in stocks and retirement plans, but have you considered investing in real estate? If you've been wondering how you can increase your cash flow this year, this could be the perfect solution. 

Here are just a few reasons why many people invest in real estate, and why you should, too:

⁣𝟏. 𝐄𝐚𝐫𝐧 𝐏𝐚𝐬𝐬𝐢𝐯𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐟𝐨𝐫 𝐋𝐢𝐟𝐞.

 Real estate allows you to earn a long-term passive income the moment you choose to buy a property and can provide a stable income every month.  When you’re the landlord, those rent payments come to you every month, and that’s a really great feeling.  ⁣

𝟐. 𝐀𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧.

Depending on where you buy, your property will typically increase in value. Real estate has historically been one of the best investments anyone can make, as its value will trend upward over time. The average annual appreciation ranges from 3 - 5%.⁣

𝟑. 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐥𝐞𝐬𝐬 𝐦𝐨𝐧𝐞𝐲.

Contrary to popular belief, you don’t have to shell out millions of dollars to invest in real estate. Many people will even take out a home equity loan on their current house, and use the money as a downpayment on an investment property. Regardless of what your budget is, you can easily find a property that fits the bill.

⁣Add these reasons to the historically low interest rates, and now is an ideal time to consider an investment property!  Have questions on where to start? I can help – send me a message and let's chat about your real estate goals. 

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #realestate #realestateinvestor #success #luxuryrealestate #property #realestatelife #properties #architecture #luxurylistings #investor #luxurylifestyle #goals #interior4all #building #arquitectura #realproperty #contemporary #luxuryinteriors #futureprojects #entrepreneur #realestateagent #realestatemarketing

 

 

Posted in Real Estate Blog
June 16, 2021

Favorite Local Hardware Stores

It’s easy to walk into a Home Depot or Lowes and get just about everything you need for your next project, but there’s something extra special about buying local from privately owned businesses that make you feel at home. When you’ve got a fixer-upper, a new project, or you’re just in need of some tools, consulting your local hardware store is the best option.

What is your favorite local hardware store that I should know about?

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property #luxuryrealestate #forsale #dreamhome #interiordesign #design #style #decor #homedecor #tools #modern #custom #construction #home #doorhardware #interiors #homedesign #interiordesigner

Posted in Real Estate Blog
June 15, 2021

Three Steps To Prepare For The Home-buying Process

 

Buying a home is an important milestone for anyone, but it can be intimidating when you’re not sure what to expect. 

Here are 3 things you should do to prepare for the homebuying process:

①  𝙳𝚎𝚝𝚎𝚛𝚖𝚒𝚗𝚎 𝚢𝚘𝚞𝚛 𝚏𝚒𝚗𝚊𝚗𝚌𝚒𝚊𝚕 𝚑𝚎𝚊𝚕𝚝𝚑. 

Get your finances & credit score on track. Figure out how much you want to spend on a downpayment and closing costs, and how much you can afford to spend monthly. Don't forget to have an emergency savings fund set aside, and to budget for all of the utilities and typical upkeep. 

② 𝙶𝚎𝚝 𝚙𝚛𝚎-𝚊𝚙𝚙𝚛𝚘𝚟𝚎𝚍.

I've said it before and I will say it again. Make sure you get pre-approved BEFORE looking at homes! This is especially important in today's competitive housing market. Do your research to find a good lender or ask your agent – this person will be handling the biggest purchase of your life, so don't just take the easy route and apply with an online lender (𝘤𝘰𝘶𝘨𝘩, 𝘳𝘰𝘤𝘬𝘦𝘵 𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦, 𝘤𝘰𝘶𝘨𝘩). 

③  𝙵𝚒𝚗𝚍 𝚊 𝚁𝚎𝚊𝚕𝚝𝚘𝚛 𝚢𝚘𝚞 𝚝𝚛𝚞𝚜𝚝.

Your agent will help guide you throughout the entire process, from sitting down to discuss what you're looking for in a home, to submitting an offer, negotiating repairs, handling all of the paperwork, and being there when you finally get the keys to your new home. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable. And best of all, it's FREE!  Your real estate agent is paid by the seller. 

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden#realestateinvestor #vahomes #firsttimehomebuyer #newlisting #varealestate #varealtor #firsthomebuyers #realestateinvestment #realestatetips #realestate #selleragent #buyersagent #homebuyingtips #loanofficer #gethomesmarter #lender #realestatespecialist #newhomeowners #firsttimehomeowners #realestateprofessional

Posted in Real Estate Blog
June 14, 2021

Is it possible to buy a home in this market?

𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸 𝘵𝘩𝘢𝘵 𝘸𝘦'𝘷𝘦 𝘣𝘦𝘦𝘯 𝘪𝘯 𝘢 𝘴𝘦𝘭𝘭𝘦𝘳'𝘴 𝘮𝘢𝘳𝘬𝘦𝘵 𝘧𝘰𝘳 𝘰𝘷𝘦𝘳 5 𝘺𝘦𝘢𝘳𝘴!?

Stop waiting for a "better time" to buy a home. The longer you wait, the more prices will appreciate, and the higher interest rates will rise. 

On the flip side, if you've lost out on several homes, you might feel tempted to make a desperate bid or give up, but don’t do either. Instead, focus on what you can control by having your finances in order, knowing what's a reasonable offer in your market, and talking to your agent about how you can limit your contingencies to what's vital. The right home will come along, at the right time. 

If you're thinking about buying, send me a message, and let's get together to discuss how you can become a homeowner in 2021!

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven#realtor #home #luxury #property #luxuryrealestate #forsale #dreamhome #househunting #realestateagent #milliondollarlisting #investment #house #newhome #properties #homedecor #luxuryhomes #realty #homesweethome #broker #lifestyle #justlisted #marketing

Posted in Real Estate Blog
June 14, 2021

Monday Motivation

ᴍᴏɴᴅᴀʏ ᴍᴏᴛɪᴠᴀᴛɪᴏɴ ✨

Everything in your life right now is a result of following your beliefs. Your relationships, income, and health are all a product of 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘺𝘰𝘶 𝘥𝘦𝘴𝘦𝘳𝘷𝘦.

Therefore, you will never get more than you think you can get. So in order to get more, you must elevate your sense of what you believe you deserve. This isn't an easy task. In order to act on these bigger dreams, you have to put yourself in a situation that forces you to rise to the occasion. Otherwise, you will stay where you are comfortable. Change your mindset, and you can change your life. 

𝗬𝗼𝘂 𝗰𝗮𝗻𝗻𝗼𝘁 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂 𝗱𝗼 𝗻𝗼𝘁 𝗯𝗲𝗹𝗶𝗲𝘃𝗲.

#miguelpagan #miguelpaganre.com #NewHaven #Bridgeport #Stratford #Milford #Easthaven #NorthHaven #Brandford #Hamden #realtor #home #property#motivation #mondaymotivation #inspiration #monday #motivationalquotes #quote #quoteoftheday #goals #quotes #lifestyle #success #entrepreneur #fitnessmotivation #motivational #inspirationalquotes #inspire #happymonday

 

 

 

 

 

 

Posted in Motivation