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Why are new construction homes so attractive? First and foremost, a new home is one that you, the buyer is able to personalize from the ground up as well as benefit from several years of not worrying about replacing appliances, roofs, heating or cooling systems, updating flooring, kitchens or baths. A brand new home is built to your own style and taste but also paramount to everyone is the energy efficiency and how environmentally friendly a home is. Click here to search for New Homes on our website!
Today’s builders have embraced Green building policies and as a result are building a much more energy efficient, healthy home to live in. The US Department of Energy/ Energy Efficiency and Renewable Energy offers a program to the residential building industry to improve the energy efficiency of new homes known as Building Technologies Program (BTP). By developing, demonstrating, and deploying cost-effective solutions, BTP strives to reduce energy consumption across the residential building sector by at least 50% by 2030. Another avenue today's builders often take is ensuring that the home meets the ENERGY STAR standard. To earn the ENERGY STAR, a home must meet strict guidelines for energy efficiency set by the U.S. Environmental Protection Agency (EPA).
Are new construction homes more expensive? Today’s builders are very conscious about the buyer’s level of affordability and help a buyer stay within budget by creating an allowance for appliances, flooring, additional finished space or landscaping. These budget allowances give the buyers the benefit(s) of making their own custom selections based on their personal tastes rather than accepting what’s already there and planning to change it later on, and stay within their budget! From start to finish, getting ready to close on a new construction home can range from several months to just 60 days. There are many subdivisions already plotted with predetermined lots ready for construction to start or a buyer may chose to purchase outside the box and take the time to find the right parcel of land to build on themselves. It all depends on what a buyer’s dream is, which is best guided by an experienced new homes sales specialist.
WEICHERT REALTORS Regional Properties' New Homes Division focuses on bringing buyers such as yourself together with a builder that specializes in producing a home of your dream. Take a tour of all New Homes and Land in Connecticut on WeichertRP.com. Click here to be connected!
A full menu of Commercial Industrial & Investment Services at your fingertips.
WEICHERT, REALTORS® – Regional Properties’ experienced Commercial Specialists offer a complete range of services for our business customers. With a history of commercial real estate leadership and appraisal services that span 72 years, our commercial team will bring a wealth of experience in marketing all types of commercial property. We provide solutions and exit strategies for today’s business environment with over $1 billion in closed real estate transactions from retail developments, industrial buildings, residential apartment complexes, multi families, and residential subdivisions of over 200 units.
Our brokers are ready to work with you anywhere their expertise can be of value through site and land acquisition/disposition, in an advisory capacity and in the negotiation of a sale or lease. We provide a comprehensive range of services including marketing, loss mitigation and exit strategy. For a private consultation with our Director of Commercial Investment Services, Tom Cavaliere, please complete and complete the form below.
WEICHERT, REALTORS® – Regional Properties Commercial Industrial Division services to buyers and sellers include a complete survey of client requirements for office, retail, manufacturing, warehousing and land use. We work closely with state and local municipalities as well as economic development agencies understanding the importance of commercial/industrial property features including building height, loading docks, interstate access, storage space, ramps and utilities.
We have an extensive investor/user list from the small retailer to wealth management groups, REITS, and hedge funds. Our on-site commercial appraiser and Analytical and Mitigation professionals provide the most sophisticated advice to clients on the current and projected value of real estate and real estate related investments, the optimal timing of major actions including acquisition or disposition and forecasting the impact of economic and demographic trends in real estate. WEICHERT, REALTORS® – Regional Properties’ Commercial Investment Division is uniquely qualified to undertake large, multi-location portfolio assignments. We can simultaneously analyze, evaluate and report on multiple properties dispersed over large geographic areas and provide real-time updates.
Our Commercial Investment Division specializes in:
• Tax credit projects
• Residential development projects
• Apartment rehabs and new construction
• Residential single family and condominium conversions
• Net returns for 1031 exchanges.
From single-story offices to large corporate headquarter facilities, WEICHERT, REALTORS® – Regional Properties Commercial Investment Division professionals have the necessary skills to structure any type of transactions for:
• Institutional owners & entrepreneurial owners
• Public & Private corporations
• Developers & Investors
• Sale and Lease back
We utilize sophisticated marketing techniques, multimedia promotional programs, customized marketing materials, and detailed market knowledge to achieve maximum targeted exposure producing desired results. We use extensive direct marketing techniques to expose properties to investors and tenants. Our database started in 1987.
Our client roster ranges from local boutiques to national chains, our extensive experience with marketing retail properties includes single stores, pad sites, strip malls and power centers. We use the latest technological research methods to monitor and track availabilities and recent transactions, ensuring optimum financial objectives are achieved. Using the most innovative solutions, Weichert Commercial experts structure transactions that increase property performance and enhance value.
As a leading brokerage company in this specific market segment, Weichert Realtors WEICHERT, REALTORS® – Regional Properties Commercial specialists have negotiated the sale and lease of millions of square feet of industrial properties. By closely analyzing market conditions and activity, WEICHERT, REALTORS® – Regional Properties Commercial is able to help clients maximize asset value. Our decision making process is a true partnership that places the goals of our customers and clients first.
Locating, acquiring or selling land involves many complex factors. Experience and knowledge are critical. Weichert Commercial Brokerage's land sale experts have sold an extensive range of parcels in both the residential and commercial sectors varying from single lots, farms and acreage, to commercial land, approved subdivisions, partially and fully approved building sites and urban redevelopment sites. We continue our services with end-sales and financing from start to finish, WEICHERT, REALTORS® – Regional Properties Commercial combines experience in land usage with state-of-the-art tools to determine competitive market analyses and product positioning statements, zoning, demographics and tax information. The result is a thorough analysis of the site and recommendation for the highest and best use of the property.
Exit Strategy for REO/Distressed Properties
Compartmentalizing of commercial and residential development properties is the key to an exit strategy. Recognizing which components have the potential to move forward and which ones need repositioning is our focus. Providing competent help with municipalities and modifying pricing has made stalled projects into a product for today’s conservative consumer. We are matching developers with distressed projects by changing the formally approved project to a more viable end-sale in today’s market by using the following tools:
• Highest-and-best-use analysis
• Dispute analysis
• Litigation support
• Loss Mitigation
• Price modifications
WEICHERT, REALTORS® - Regional Properties focus is to be the best in the industry,
covering all aspects of the REO real estate transaction.
Since 1989, Weichert Regional Properties has successfully marketing REO and ORE residential and commercial properties as well as conventional retail transactions for properties in the counties listed below. If you have questions or would like additional information - contact us today.
New Haven County
New London County
Southern Hartford County
Southern Litchfield County
Southern Tolland County
Southern Windham County
The Special Services Department offers "Crade to Grave" brokerage beginning with occupancy status, moving through vacancy, 'cash for keys' (if applicable), targeting repairs, obtaining contractor bids, and managing the repair process, restoring and maintaining utility functions, marketing the property, negotiating offers and the final closing of REO properties. They have earned a national reputation for professionalism and efficiency in its ability to manage high volume sales and to provide premiere customer service.
Nick Mastrangelo, Director of Weichert Regional Properties' REO division, a licensed Realtor since 1987, has continually served the industry with integrity by providing innovative services and quality customer care. As the NRBA Master Broker in the State of CT, his career includes 22+ years devoted to REO properties; 20 years as Director of REO Services; and 9 consecutive years as a Top Producing Agent, at which point he chose to advanced his career as a Managing Partner. Nick is a graduate of AIB Institute, and a licensed appraiser and a Certified REO Specialist, completed RES.NET Agent Certification as well as Weichert Real Estate Affiliates' Management Academy.
Under Mr. Mastrangelo's direction, the Division's mission has been and continues to:
To provide the highest level of professional service in the acquisition, maintenance, marketing and sale of REO properties.
Now serving REO properties as WEICHERT, REALTORS® - Regional Properties, Mastrangelo and the full staff of REO Specialists, have earned a national reputation for professionalism and efficiency in its ability to manage high volume sales and to provide premiere customer service.
Along with technology and industry training, each member of the staff has had extensive training to handle loss mitigation.
WEICHERT REALTORS® - Regional Properties' REO Services provides the initial preview of subject property including prompt pre-foreclosure inspections. From there, the following steps are taken for Occupied or Unoccupied situations:
Obtain names of occupants
Complete drive-by Broker's Price Opinion (BPO)
Submit bids, supervise re-key, board up, broom clean, etc.
If necessary, occupancy checks and verifications
Cash for key arrangement
Lockout and sheriff eviction services arrangements
Complete BMA and Marketing Strategy Reports
Cost of cure services
List subject property, install lawn sign, submit to Multiple Listing Service
Online digital and electronic transfer services
Advertise and market property through various means
Monthly status report
Close sale of subject property
A full service asset management team
Loan loss mitigation service
WEICHERT, REALTORS® - Regional Properties Loan Loss Mitigation process can play an integral part in ensuring your properties never reach an REO state. Our trained Loan Loss Mitigation Consultants provide the homeowner with answers and alternatives to help avoid foreclosure.
In the event the homeowner is unable to restructure or re-secure a loan for the dwelling, the REO Division will aid them in marketing the property and in most instances, locate suitable replacement housing.
For more information or a proposal to manage your organization's liquidated properties, please complete contact Nick Mastrangelo, 203-795-2351 or NMastrangelo@WeichertRP.com.
Global Relocation, Group Moves
Weichert Relocation Resources Inc. (WRRI) is the world’s leading full-service global relocation and assignment management firm, delivering turnkey workforce mobility solutions that enhance employee satisfaction and productivity, while supporting stringent risk management and cost control for our corporate clients. We offer a broad portfolio of services, enterprise-wide capabilities, and, with our recent acquisition of PwC’s U.S.-based GMS practice, a team of global mobility specialists that’s unparalleled in the industry. But we’re also a uniquely independent organization, delivering flexibility, accessibility and proactive solutions that can’t be found anywhere else. With relocation and assignment management solutions ranging from cost projections and compensation planning to home search and settling-in services to global expense management and payroll reporting, we’ll help you create brighter futures for your company and your relocating employees.
Weichert Relocation Resources assists more than 25,000 relocating employees a year. Among the largest corporate relocation companies in the world, our clients are some of the biggest name brands:
• ADP Development, Inc. • Godiva • Reader’s Digest
• Air Products • HJ Heinz • Stage Stores
• Ann Taylor • Office Max • Subaru
• Colgate-Palmolive • Pearson • Westinghouse
• Campbell Soup Company • Dollar Tree
• The Scott Company
No other privately-owned real estate company in America works with as many buyers relocating to new areas. For more information please contact our Director of Relocation Services, WEICHERT, REALTORS® - Regional Properties Toll Free: 866-865-7356 or Email: info@WeichertRP.com.
Moving away from Connecticut? WEICHERT, REALTORS® - Regional Properties will refer you a network member in your new destination where you will receive the same high-quality service and attention in planning your move. With national and international affiliations, we have access to the top real estate companies around the world.
You will be matched with a Relocation Specialist that will:
• Listen carefully to your lifestyle needs and property needs for your new location.
• Provide the same level of service you've come to expect from WEICHERT REALTORS Regional Properties.
Around the world, the finest real estate firms are united under the Leading Real Estate Companies of the World® banner, forming a global network that more people rely upon to buy and sell homes than any other real estate organization.
Through our Weichert affiliation with this exclusive group, we can connect you to these premier firms, offering superior full-service assistance no matter where your real estate needs may be.
So whether you are moving across town, relocating across the country or seeking a second home across borders, think of us as your global real estate resource.
• Over 35 countries.
• 17 time zones.
• 46 languages.
• 15,000 communities.
• One exceptional real estate network.
For more information please contact our Director of Relocation Services, WEICHERT, REALTORS® - Regional Properties Toll Free: 866-865-7356 or Email: info@WeichertRP.com.
Relocating? We Go The Distance For You.
Whether you’re moving around the corner or around the world, relocating due to job transfer, or searching for a retirement or vacation home, WEICHERT, REALTORS ® - Regional Properties Relocation Services offers a no-fee Relocation Kit to help get you started! This comprehensive area guide to Connecticut profiles lifestyle, cultural and educational information. In addition, you will receive a cost of housing comparison as well as other pertinent materials.
Let WEICHERT, REALTORS ® - Regional Properties’ send you our Relocation Kit today! Please email Our Relocation Director your information to firstname.lastname@example.org
At least 1-month prior to move:
• Arrange repairs for new/old home
• Get estimates on movers
• Pricing on packing materials
• Mortgage Info
• Home Warranty Info
• Shipping appliances or purchasing new ones
• Temporary housing
• Homeowners insurance
• Storage Options
• Clean out closets, attic, basement, cupboards, garage, etc. Also outdoor items.
• Consider having a household sale or donating unwanted items
• Make an inventory of items to be moved.
• Write "Subject to further inspection for concealed loss or damage" on your moving contract to protect yourself.
• *Pack "Open first" boxes that contain important items that need to be unpacked first
• Call newspapers to transfer or subscribe to your new home. Cancel any subscriptions that you do not wish to have forwarded to the new home
• Make arrangements to pick up important documents from:
• Birth records
• Contact new schools and notify them of your move to their area.
• Notify Security Company, lawn care or snow removal services of your moving date.
• Start a new bank account in your new town
At least 2 weeks prior to move:
Coordinate arrangements for the following items for the new home:
• TV / Internet service
• Contact utility companies
• Trash pickup
• Newspaper subscriptions
• New furniture, appliances, bedding
• Cleaning arrangements for new/old home
• Any improvements that you wish to make prior to moving in, such as:
• Send change of address form to the post office, DMV and all other creditors.
• Plan what goes in the car
• Keep a record and receipts of your moving expenses for income tax purposes. This includes transportation, lodging, meal, etc.
One-day prior to move:
• Defrost and clean your refrigerator
• Clean your oven and stove
• Pack family personal items and clothing
• Close out bank accounts
• Charge Cellular phone
• Make sure you have payment for the movers. Most will NOT unpack without payment.
• Get a good night's sleep
The day of the move:
• Strip bedding from the beds, leaving mattress covers on.
• Put linens/pillows in dresser drawers to have handy for your first night in the new home.
• Load the car with items that you are taking with you.
• Show movers around. Make sure your possessions to be moved are inventoried with them.
• Check the mover's inventory to be sure that you agree with the mover's judgment on the condition of your household goods. Take photographs if there is a dispute. Make sure you keep a copy of the inventory
• Check all rooms one last time BEFORE the van leaves. Don't forget closets, cupboards, the basement and garage.
• Turn off hot water heater and set the thermostat to 55
• Record the van driver's name and give them contact numbers for the destination. Confirm directions to the new address.
• Secure house. Make sure all windows and doors are locked.
• Keep all keys, warranties, garage door openers and house information in a folder to take to the closing.
• Notify the security company that you have vacated the property.
• Get to your new home BEFORE the movers, there could be a waiting charge if you're late.
• You, or a family member, should meet the moving van to direct the placement of the boxes and furniture.
• Check condition of furniture and account for all items shipped. Notify the mover right then if anything is missing or damaged.
Adjustable rate mortgage (ARM).
Mortgage loan on which the interest rate falls and rises with changes in prevailing rates. The mortgage rate is tied to a selected index and may be adjusted annually. Also called a variable rate mortgage.
Amortize. Pay a debt in monthly or other periodic installments until the total amount, along with the interest, if any, is paid.
Annual percentage rate (APR). Combines the interest rate with other loan costs, such as points and loan fees, into a single figure that shows the true annual cost of borrowing.
Appraisal. A formal estimate of property value conducted by a professional qualified to make such an opinion.
Assumption of mortgage. Taking title to property that has an existing mortgage, and being personally liable for its payment as a condition of the sale.
Bi-weekly payment mortgage. Instead of the standard monthly payment schedule, a mortgage that requires payments every two weeks. The result for the borrower is a substantial savings in interest.
Bridge Loan. A loan on a borrower’s present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as a “swing loan”.
Close. Act of finalizing a transaction in which all the concerned parties meet to transfer title to a property. Also, when real estate formally changes ownership.
Closing costs. Expenses over and above the price of property that must be paid by buyers and sellers before title is transferred. Also known as settlement costs.
Closing statement. Written account of all expenses, adjustments, and disbursements received by the buyer and seller when completing a real estate transaction.
Contingency. A provision in a contract that keeps it from becoming binding until a certain event happens. A satisfactory inspection report might be a contingency.
Downpayment. Initial cash investment made as evidence of good faith when purchasing real estate. It is usually a percentage of the sale price.
Equal credit opportunity act (ECOA). A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance.
Escrow. Money or documents held by a third party until specific conditions of an agreement or contract are fulfilled.
Escrow account. Special bank account into which escrow monies are deposited and from which they are disbursed. Lawyers and real estate brokers maintain escrow accounts to hold money in trust for others.
Escrow company. A firm that specializes in handling the closing of a transaction.
First mortgage. Mortgage on a property that is superior to any other. It is the first to be paid in the event of foreclosure.
Fixed-rate mortgage (FRM). A mortgage in which the interest rate dies not change during the entire term of the loan.
Foreclosure. Legal action instigated by a lender to end all ownership rights when mortgage payments have not been kept up.
Freddie Mac. Common name for the Federal Home Loan Mortgage Corporation, which buys and sells loans in the secondary mortgage market.
Home inspection. A thorough inspection that evaluates the structural and mechanical condition of a property. A satisfactory home inspection is often
Historic structures. Buildings of historical or architectural significance, perhaps landmarks, that are designated by federal, state, or local historical commissions.
Homeowner’s insurance policy. Packaged insurance policy for homeowners and tenants that cover property damage and public liability, such as fire, theft, and personal liability.
Homestead protection. State and federal laws that protect against the forced sale of a person’s home by creditors. Also, upon the death of one spouse, provides the other with a home for life.
Housing codes. Local regulations that set minimum conditions under which dwellings are considered fit for human habitation. It guards against unsanitary or unsafe conditions and overcrowding.
HUD. Acronym for the Department of Housing and Urban Development, an agency from which almost all of the federal government’s housing programs flow.
Improvement. Any form of land development or man-made addition, such as the erection of a building or fence, to enhance the value of private property; also an improvement to publicly owned structures, such as a sewer or road.
Inspection. The act of physically examining and testing a piece of property to ascertain certain information.
Installment payment. Periodic payment, usually monthly, of interest and principal on a mortgage or other loan.
Interest. A fee paid for the use of money; also a share or right in something.
Interim financing. Short-term loan usually made during the construction phase of a building project or until a permanent, long-term loan can be obtained. Also called a construction loan.
Jumbo loan. A loan that exceeds Fannie Mae’s legislated mortgage amount limits. Also called a non-conforming loan.
Lien. A debt on a property which encumbers it until the obligation is paid; a mortgage, back taxes, or other claim.
Listing. Contract used for hiring a real estate agent to sell a piece of property. Also a piece of property that is for sale.
Loan origination fee. Paid by the borrower to get a loan; it covers expenses incurred by the lender, such as the cost of the appraisal, credit report, title search, etc.
Loan servicing. Task of collecting monthly payments, handling insurance and tax impounds, delinquencies, early payoffs, and mortgage releases.
Loan-to-value ratio. Relationship of a mortgage loan to the appraised value of a piece of property. Usually expressed to the buyer in terms of how much the lender will lend, i.e. – 75 percent financing.
Mortgage. Legal document that creates a lien on property; it secures the repayment of a loan.
Mortgage broker. Individual or company that brings borrowers and lenders together; a loan broker.
Mortgage company or mortgage banker. Financial intermediary that offers mortgages to borrowers, and then resells them to various lending institutions, government agencies, or private investors.
Mortgagee. Party or institution that lends money; the creditor.
Mortgagor. Party or person that borrows money, giving a lien on the property as security for the loan; the borrower.
Multiple listing. Agreement that allows real estate brokers to distribute information on the properties they have listed for sale to other members of a local real estate organization. Allows the widest possible marketing of those properties. Commissions are split by mutual agreement between the listing broker and the selling broker.
Origination fee. A charge by the lender for granting and processing a new mortgage loan.
PITI. Acronym for “principal, interest, taxes, and insurance.” Frequently used to describe a loan payment that combines all four items.
Point. Fee charged by a lender to get additional revenue over the interest rate. A point is equal to one percent of the loan amount.
Principal. The amount of money borrowed; the amount of money still owed.
Qualification. Act of determining a potential buyer’s needs, abilities, and urgency to buy and matching these with available properties.
Second mortgage. Lien on property that is subordinate to a first mortgage. In the event of default, the second mortgage is repaid after the first. Also called a junior mortgage, and in some circumstances a home equity loan.
Title. Actual ownership; the right of possession; also the evidence of ownership such as a deed or bill of sale.
Title insurance. An insurance policy that protects against any losses incurred because of defects in the title not listed in the title report or abstract.
Title report. A statement of the current condition of title for a parcel of land.
Title search. A professional examination of public records to determine the chain of ownership of a particular piece of property and to note any liens, encumbrances, easements, restrictions, or other factors that might affect the title.
Underwriting. The process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the borrower’s credit worthiness and the quality of the property itself.
Still have questions about buying a home in the New Haven, CT area? Contact us or read more of our buyer's guide.
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