Demand for CT Residential Real Estate is Increasing

posted by Nicholas Vitti July 17, 2020

Seize the moment by working with experienced attorneys in a fast-moving real estate market

by Nicholas W. Vitti, Jr.

Connecticut’s residential real estate market is now experiencing an uptick, with mortgage rates remaining low and New Yorkers looking to relocate from the city to the suburbs to flee the pandemic. In Fairfield County, nearly 5,000 address changes from New York were logged between March and early June 2020, compared to 765 last year. Statewide, nearly 10,000 address changes have been logged, up from approximately 1,200 in 2019. That growth mirrors trends reported by Connecticut real estate agents.

For homeowners seeking to list a property in a fast-moving market, working with a team of experienced attorneys can pave the way to a smoother transaction. Issues relating to title, municipal regulatory compliance or the condition of the property arise in many real estate transactions, and real estate lawyers play a key role in navigating these hurdles. For buyers looking to purchase a home or commercial property in a seller’s market, hiring an attorney or firm experienced in real estate and land use law is also well worth the relatively nominal cost to maximize the value of the transaction. Read more: 10 steps to take before you list your home.

Connect to a comprehensive Law practice THAT SUPPORTS ALL REAL ESTATE NEEDS 

Cacace, Tusch & Santagata is known throughout Connecticut for its real estate practice. Our founding partner, attorney Mike Cacace, has been recognized in the peer-nominated Best Lawyers directory since 1995 for his work in Real Estate, Land Use and Zoning law. From a residential closing to a complex commercial transaction, our legal team can help you address any real estate challenge. Attorneys at our firm are experienced in many areas of real estate law, including helping clients with:

  • Buying or selling a home, with experience to get you to the closing table.
  • Commercial real estate needs, from mixed-use development to lease negotiation.
  • Financing, from conventional residential mortgages to complex commercial financing.
  • Litigation, covering virtually any dispute involving commercial or residential real property.
  • Title issues, including preserving or eliminating easements and defending ownership.
  • Valuation law, from determining fair marketing values to commercial property tax appeals and tax certiorari.
  • Zoning and land use approvals, from site plan reviews and special permit applications to wetland approvals and more.

Real estate transactions can be the largest financial decision you make, so it’s critical to get guidance from professionals experienced in real estate law and market trends. Learn how we can support your real estate legal needs by contacting us at (203) 327-2000 today. 

Learn more about the Real Estate Practice Group at Cacace, Tusch & Santagata.

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