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Q: Do Builders Provide Financing?

A: Many builders offer financing incentives to help move more buyers into a project. In fact, major building companies often have their own mortgage brokerage subsidiaries, while many other builders routinely refer buyers to "preferred" local lenders. If it is a buyer's market in your … [Read More...]

Q: How Do Capital Gains Work When You Sell Your Home?

A: If you sell your primary residence, you may be able to exclude up to $250,000 of gain – $500,000 for married couples – from your federal tax return. To claim the exclusion, the IRS says your home must have been owned by you and used as your main home for a period of at least two … [Read More...]

Q: Should I Hire a Home Inspector for a New Home?

A: You would think not since it is new and the developer has to adhere to local construction guidelines. However, err on the side of caution – always hire an inspector, whether the home is old or new. You can ask the builder to provide copies of any inspection reports on the property, … [Read More...]

Q: Once I Choose a Contractor, What Items Should Be Covered in the Contract?

A: According to the National Association of the Remodeling Industry, a well-written contract should contain the following information: The contractor’s name, address, telephone and license number, if applicable; Details about what will and will not be done; A detailed list of … [Read More...]

How to Reduce Expenses By Going Green At Home

Going green isn't just for environmentalists anymore ... it's for all homeowners who want to save thousands when building a new home or updating their current residence.There are a variety of ways to make your home more energy efficient, from simply switching to Compact Fluorescent Light … [Read More...]

Q: How Bad Is a Previous Foreclosure on Credit?

A: Unfortunately, it is a pretty bad blemish. A property foreclosure is one of the most damaging events in a borrower's credit record. In terms of the effect on your credit history, a deed in lieu of foreclosure – where you voluntarily “give back” your property to the … [Read More...]

Q: What Is a Second Mortgage?

A: It is a loan against the equity in your home. Financial institutions will generally let you borrow up to 80 percent of the appraised value of your home, minus the balance on your original mortgage. You may incur all the fees normally associated with a mortgage, including closing costs, … [Read More...]

Q: What Is an Unsecured Loan?

A: The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for … [Read More...]

Q: What If My Contractor Bungles the Job?

A: If you have a legitimate complaint, keep after the contractor until the needed repairs or alterations are made. If this fails, contact your local Consumer Protection Agency. Keep a copy of the contract, receipts, and photographs of the work. Although it has no legal … [Read More...]

Q: What Home Improvement Cost Controls or Budgeting Ideas Might Be Helpful?

A: Plan ahead and create a realistic budget. Decide on the items and materials you would like to have in a room and set your budget accordingly. This will prevent hasty, and costly, decisions down the road. The experts suggest setting aside 10-20 percent of your budget to … [Read More...]

Latest News from The Daily Greenwich

'Super Moon' To Fill Connecticut Sky Sunday
WESTCHESTER, N.Y. - A so-called "Super Moon" will appear Sunday when the moon will be at its closest distance to Earth this year - the closest encounter between the Earth and the Moon until August 2014. According to Planet Save, the Moon will reach its closest distance to ... […]
2.7 Million Jeep Grand Cherokees, Libertys Recalled
FAIRFIELD COUNTY, Conn. – Chrysler issued a voluntary recall of 2.7 million older model Jeep Grand Cherokee and Liberty vehicles Tuesday, after the National Highway Traffic Safety Administration said the SUVs posed a possible fire risk. Grand Cherokees from the model years ... […]
'Gatsby' Event Raises $650K For Greenwich Family Centers
GREENWICH, Conn. -- More than $650,000 was raised at the annual fundraiser for Family Centers of Greenwich, themed this year as "Gatsby on the Sound." Held at the waterfront home of Laurie and Peter Grauer, Family Center's “Gatsby on the Sound” benefit ... […]
More Rain And Thunder Possible For Greenwich
FAIRFIELD COUNTY, Conn. - Fairfield County may be seeing a bit more rain: A hazardous weather outlook has been issued for Tuesday afternoon by the National Weather Service. Several thunderstorms are expected to develop over the afternoon and into the evening with heavy rainfall ... […]

Visiting, Living In, and Moving to Greenwich, CT

Q: Do Builders Provide Financing?

Q: How Do Capital Gains Work When You Sell Your Home?

Q: Should I Hire a Home Inspector for a New Home?

Q: Once I Choose a Contractor, What Items Should Be Covered in the Contract?

How to Reduce Expenses By Going Green At Home

Q: How Bad Is a Previous Foreclosure on Credit?

Q: What Is a Second Mortgage?

Q: What Is an Unsecured Loan?

Q: What If My Contractor Bungles the Job?

Q: What Home Improvement Cost Controls or Budgeting Ideas Might Be Helpful?

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