Tools

Ask a Question
Start a Discussion
Close
Create an Email Alert

Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.

This alert is for the following:

Topic:
not sure if this is a silly question

How often would you like the alert emailed?

Frequency:

Immediately Daily Weekly
Maximum 20 emails/day

Save

Cancel E-mail alerts
RSS
Send to del.icio.us
Send to StumbleUpon
Print page

Partner Tools

Views: 340
US
Connecticut
Nearby States
- Alabama
- Alaska
- American Samoa
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Guam
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Northern Mariana Islands
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virgin Islands
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Don't see it?

Find:
Fairfield
Nearby Cities
- Bethel
- Bridgeport
- Brookfield
- Brookfield Center
- Danbury
- Darien
- Easton
- Georgetown
- Greenwich
- Grover Park
- Monroe
- New Canaan
- New Fairfield
- Newtown
- Norwalk
- Redding
- Redding Center
- Ridgefield
- Russian Village
- Shelton
- Sherman
- Stamford
- Stratford
- Town of Bethel
- Town of Newtown
- Town of Ridgefield
- Trumbull
- Weston
- Westport
- Wilton
Don't see it?

Find:
ZIP Code
Nearby ZIP Codes
- 06824
- 06825
- 06828
- 06890
Don't see it?

Find:

not sure if this is a silly question

Contributions: 72

Q&A

:5
Disc

:67

I have a home in Old Greenwich, CT and would possibly like to trade up to perhaps a newer home that a developer is having trouble selling either in Greenwich or in Fairfield, CT. I would like to arrange some sort of trade with the developer and if his house appraises for more I would simply get a mortgage for the difference. Is this at all possible or am I just dreaming? If it is possible, how would I possibly go about trying to arrange this with a devoloper?

Flag content

January 22 - Fairfield

RSS

Answers (9)

Best Answer

Sergio Horcos, "Horcos"
Contributions: 307

Sergio Horcos, "Horcos"

Real Estate Agent

View my 17 listings

Contributions: 307

Q&A

:4
Photos

:303

Zillow All-Star

Since October 2009

View full profile

Hi Georgia,
It never hurts to ask! However, keep in mind that in this economy many of the developers are hurting financially. They may prefer getting cashed out rather than trading for another property that they inturn would need to sell. On the other hand, it might be possible, if the developer is willing.

Flag content

January 22

Georgia Barney, "gbarney04"
Contributions: 72

Georgia Barney, "gbarney04"

Contributions: 72

Q&A

:5
Disc

:67

View full profile

thanks everyone. i'll attempt to contact the listing agent and see if they can help me with my idea. wish me luck!

Flag content

January 22

Matt Laricy, "Matt Laricy"
Contributions: 684

Matt Laricy, "Matt Laricy"

Real Estate Agent

View my 66 listings

Contributions: 684

Q&A

:204
Disc

:23
Photos

:457

Zillow All-Star

Since March 2009

View full profile

No question is ever a stupid question!
However, why dont you try contacting the developer. I dont really see him going through with it, but it doesnt cost you anything to find out!

Flag content

January 22

dfors2
Contributions: 166

dfors2

Contributions: 166

Q&A

:77
Disc

:68
Photos

:20
Reviews Written

:1

View full profile

I would talk to the builder or his/her listing agent. If you get your realtor involved they will try to get a 6% commish on buying and selling. You are the one coming up with the idea so why should you pay all that money.

Flag content

January 22

Georgia Barney, "gbarney04"
Contributions: 72

Georgia Barney, "gbarney04"

Contributions: 72

Q&A

:5
Disc

:67

View full profile

I did contact my real estate agent (the woman who sold me my house 6 years ago) and put the question to her without any response.

Flag content

January 22

Georgia Barney, "gbarney04"
Contributions: 72

Georgia Barney, "gbarney04"

Contributions: 72

Q&A

:5
Disc

:67

View full profile

I did contact my real estate agent (the woman who sold me my house 6 years ago) and put the question to her without any response.

Flag content

January 22

dfors2
Contributions: 166

dfors2

Contributions: 166

Q&A

:77
Disc

:68
Photos

:20
Reviews Written

:1

View full profile

Trading up is a real possibility in this market depending on how much you are trading up. I would call the listing agent and run it by her/him. Be ready with what your house would cost and what you would be willing to pay for the newer home. You will likely need to offer full price. Your purchase at full price would be the new comp and would help remaining sales.

Flag content

January 22

Sergio Horcos, "Horcos"
Contributions: 307

Sergio Horcos, "Horcos"

Real Estate Agent

View my 17 listings

Contributions: 307

Q&A

:4
Photos

:303

Zillow All-Star

Since October 2009

View full profile

I would suggest contacting a Real Estate Agent. Look on the Zillow Directory for your area.

Flag content

January 22

Georgia Barney, "gbarney04"
Contributions: 72

Georgia Barney, "gbarney04"

Contributions: 72

Q&A

:5
Disc

:67

View full profile

Thank you Horcos for responding. How would I get in contact with one of these developers? Would a real estate agent be able to assist me? I realize the developers are hurting as well which is why I think it makes sense to do some sort of trade. My house is in a great area and is in pretty good condition. They could take this time in a down market to fix it up and then perhaps sell it when the market improves a bit. I think it would be a win win for both of us - I would get a newer house that I want without going through the hassle of having to sell it, they get to get a house they've been trying to sell off of their books and can make perhaps more money off of mine when the market improves. It makes sense to me but I'm just not sure exactly how to best go about it.

Flag content

January 22

Have a question? Ask it here.

Active Fairfield Real Estate Agents

Julie Vanderblue

35 listings

Local Expert
vanderblue

40 listings

Local Expert
Mark Greenstein

18 listings

Local Expert
Melanie Smith

16 listings

Local Expert
Gheorghe Zichil

8 listings

Local Expert

See more Fairfield real estate agents

Question what happens if the appraisal is less than the offer?

Latest answer by Brent Bell
August 26

In Buying Process
6 Answers - 1014 Views

Question not sure if this is a silly question

Latest answer by Georgia Barney
January 22

In Buying Process
9 Answers - 340 Views

See More

Guide Real Estate Buyer's Closing Costs

In Buying Process
Edited August 27

Guide List of Closing Costs and Fees

In Buying Process
Edited August 27

Guide You've Opened Escrow

In Buying Process
Edited July 21

Guide Home Buying One Step at a Time

In Buying Process
Edited May 04

Guide A Buyer's Guide to Making the Right Choice

In Buying Process
Edited December 05 2008

See more articles about Buying Process

Current Mortgage Rates

Current Last Week

30 Year Fixed

15 Year Fixed

5/1 ARM

Get this widget

<div style="width:298px;height:123px;border:1px solid #adcfff;overflow:hidden;text-align:center;font-family:verdana,arial,sans-serif;font-size:8pt;line-height:13x;background-color:#eff3ff;letter-spacing:0;text-transform:none;">
		<div style="margin: 0 6px;">
			<div style="margin-top:6px;">
				<a href="http://www.zillow.com/Mortgage_Rates/#{scid=mor-wid-lthd}" target="_blank" style="font-size:9pt;color:#36b;text-decoration:none;font-weight:bold;">
				   
						Current
				   
				         
				   Mortgage Rates</a>
			</div>   
			
			<div style="color:#555;margin:5px 0 1px;">
				<span style="padding-left:137px;">Current</span>
				<span style="padding-left:23px;">Last Week</span>
			</div>

<div style="background:#fff;height:60px;width:284px;border:1px solid #adcfff;text-align:left;">
				<div style="width:146px;float:left;">
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/30_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt1}" target="_blank" style="text-decoration:underline;color:#36b;">30 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#eff7ff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/15_Year_Fixed_Mortgage_Rates/#{scid=mor-wid-ltt2}" target="_blank" style="text-decoration:underline;color:#36b;">15 Year Fixed</a></div>
					</div>
					<div style="height:20px;background-color:#fff;">
						<div style="padding:3px 0 0 4px;"><a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/#{scid=mor-wid-ltt3}" target="_blank" style="text-decoration:underline;color:#36b;">5/1 ARM</a></div>
					</div>
				</div>
					
				<iframe title="Current Mortgage Rates" frameborder="0" height="60" scrolling="no" width="138" src="/mortgage/MortgageRateTableWidget.htm?wide=1&region=102001">
						Your browser doesn't support frames.  Visit 
					<a href="http://www.zillow.com/mortgage/" target="_blank" style="text-decoration:none; font-size:9pt; font-weight:bold;">Zillow Mortgage Marketplace</a> 
					to see this content.
				</iframe>
				<div style="clear:both;"></div>
			</div>
			
			<div style="margin:4px 6px 0;height:15px;width:276px;">
				<a href="http://www.zillow.com/mortgage/#{scid=mor-wid-ltgr}" target="_blank" title="Zillow Mortgage Marketplace" style="display:block;margin-left:4px;height:15px;width:145px;float:left;"><img src="/static/images/zillow-mortgage-logo-small.gif" alt="Mortgages, Home Loans, and Mortgage Quotes at Zillow Mortgage Marketplace" style="border:none;"/></a>
				   
				<a href="http://www.zillow.com/webtools/widgets/MortgageRateWidget.htm#{scid=mor-wid-ltget}" target="_blank" style="font-size:7pt;color:gray;text-decoration:none;float:right;margin:1px 5px 0 0;width:80px;">Get this widget</a>
			</div>
		</div>
	</div>

Need a Mortgage?

Zillow Mortgage Marketplace

Competitive rates
Accurate, custom quotes
Thousands of lenders

... and, it's free and anonymous

Learn about Zillow Mortgage Marketplace

Zillow Poll:

Suggested by erparadise

What percentage of your annual income goes to mortgage + property taxes + utilities

under 25%

26-39%

40-50%

over 50%

Next poll
Suggest a poll

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Tools

Create an Email Alert

This alert is for the following:

How often would you like the alert emailed?

Partner Tools

Nearby States

Nearby Cities

Nearby ZIP Codes

not sure if this is a silly question

Contributions: 72

Main Image

Answers (9)

Best Answer

Real Estate Agent

Contributions: 307

Zillow All-Star

Contributions: 72

Real Estate Agent

Contributions: 684

Zillow All-Star

Contributions: 166

Contributions: 72

Contributions: 72

Contributions: 166

Real Estate Agent

Contributions: 307

Zillow All-Star

Contributions: 72

Have a question? Ask it here.

Active Fairfield Real Estate Agents

Related Questions

Question what happens if the appraisal is less than the offer?

Question not sure if this is a silly question

Related Articles about Buying Process

Guide Real Estate Buyer's Closing Costs

Guide List of Closing Costs and Fees

Guide You've Opened Escrow

Guide Home Buying One Step at a Time

Guide A Buyer's Guide to Making the Right Choice

Need a Mortgage?

Get instant mortgage quotes

Be A Good Neighbor