Danbury ranches are like the gems that sparkle in the treasure chest of golden Danbury real estate. They represent Danbury ’s interesting past while providing owners with a rural lifestyle. Nestled in the rolling hills of scenic southwest Connecticut, Danbury ranches are located near the modern conveniences of Danbury and are in driving distance of New York City.

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Danbury Ranches

History of Danbury Danbury, Connecticut, population 74,800, on the shores of Candlewood Lake in Fairfield County provides a rich history, a rural atmosphere and a thriving business environment. It’s the seventh largest city in Connecticut State and the hub of economic activity in the western half of the state. Back in 1777 the British burned Danbury but the citizens later rebuilt the city. In 1869 the Kohanza dam broke, flooding the area, from which the community members again had to recuperate. Finally, in 1889 Danbury became an official city, building on a foundation of endurance. That spirit of pressing forward continues in the city today.

Although the city is keeping pace with modern society, lakeside, wooded, ranch and farm properties still grace Danbury with the ambiance of yesteryear. Ranches are selling between $259,000 and $1,950,000. Some Danbury ranches come with barns: one comes with an oversized, separate garage. Other ranch homes were built in the colonial style.

Finding a Helpful Realtor When looking to buy or sell Danbury ranches, you’ll want the aid of attentive realtors, agents who listen to your real estate wants and needs and combine that information with their expertise to find the property or buyer that best satisfies you as a customer. You can be confident the real estate agent will best meet your interests if he or she carefully listens to your home buying or selling needs. Establish a relationship with agents who communicate what they’re doing to help you find the kind of buyer or home you want, giving continuous feedback. Ask them these questions:

• How long have you worked as a real estate agent?
• Do you have a substitute broker or manager to answer my questions if you’re not available.

• What distinguishes your agency from others. And ask yourself if the agents are professional, trustworthy and knowledgeable?

Purchasing Danbury ranches

Lenders will determine the amount of loan they can give you based on your income, gathering your income tax returns, check stubs and so forth. Next, bankers will compile a credit report for you. Lenders will take your credit score produced from the report into consideration when choosing the maximum monthly mortgage rate they will allow you. When deciding the amount of loan they are willing to give you, lenders will also require the following:

• Proof of your ability to hold down a stable job or stay in the same profession. This is a good indicator of future ability to pay off debt.
• Obtaining an appraisal. This costs between $250 and $600 and will ensure the property is not overpriced and is a good investment for you.
• A 20 percent down payment of the value of the home or agreement to pay a monthly "Mortgage Insurance Premium" or Private Mortgage Insurance policy (MIP or PMI).

Remember when buying Danbury ranches you will probably need to pay for some or all of the following fees:

• Lenders title policy premium for a new loan
• New loan charges (except those the seller is obligated to pay)
• New loan interest accrued during thirty days before making first mortgage payment
• One half of the escrow fee
• Interest or escrow account funds
• Notary and document fees if applicable
• Recording charges for all documents in buyers names
• One half of the homeowner's association transfer fee
• First year hazard insurance premium

By: Travis Ludlow

A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®