Business & Tech
Property Transfers & Sunday Open Houses
Property transfers for the week of March 6-12 and local open houses scheduled for March 20, 2011.
If you are not sure if you should make the commitment of owning a home here are six reasons why you should consider buying your property versus renting.
1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.
2. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
3. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
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4. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.
5. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.
6. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
Right now is still a great time to buy. Please view the open houses for this Sunday and if you should have any questions feel free to contact me at Teasha@BivinsRealtyGroup.com or 203-221-2718.
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Happy House Hunting!
Property Transfers
95 Liberty Street, unit B1
Federal Home Loan Mortgage Corporation to Rodriguez
$214,900
97 DOM
702 Westover Road
Lowney to Findeisen
$704,750
158 DOM
2435 Bedford Street,unit 20D
Williams to Dellarocco
$490,000
308 DOM
112 Wood Ridge Drive
Deluca to Romagnoli
$480,000
0 DOM
20 Spruce Street, unit 22
Spruce Street Town homes, LLc to Evans
$191,220
0 DOM
Source: Stamford Town Clerk & CMLS
Sunday Open Houses for March 20th
- 132 Hope Street, unit E $469,000/Townhouse/2 beds, 2 baths/1-3pm/Weichert Realtors
- 539 Cove Road $ 519,000/Colonial/3 beds, 2 baths/1-4pm/William Raveis
- 1 Shore Road $629,000/Colonial/2 beds,1 bath/1-4pm/William Raveis
- 241 Rocky Rapids Road $675,000/Colonial/5 beds,2 baths/1-3pm/Keller Williams
- 5 Westcott Road $895,000/Ranch/4beds,3 baths/1-3pm/Colonial Properties
Source: CMLS
