What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.

A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.

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Deb Chabot
RE/MAX East of the River
1182 Storrs Road
Storrs, CT. 06268
Direct Phone: 860-428-9827
Home Office: 860-487-0267
Fax: 860-487-0267
Office Phone : 860-429-3973 X108
Email: DebChabot@DebChabot.com

Deb Chabot is a Real Estate Broker working in the Storrs Uconn area. She has been listing and selling homes in and around this area for the past 25 years. Deb works at Remax East of the River in Storrs. She has been a consistent top producing agent. She is extremely knowledgeable about this area and has received many real estate related awards. The Greater Hartford Board of Realtors has honored her with the Premier Producer award numerous times for outstanding sales. This award is given to agents in the top 1% of sales in the state.

Deb's many interests include horticulture, her extensive exotic gardens and water garden, her pets, theatre and the arts. Over the years Deb and her daughter, Raechel, have been actively involved with the Fidelco Guide Dog Foudation. They have raised and trained 7 German Shepherd Guide Dog Puppies to date and one Labrador Retriever for Guiding Eyes in New York. Many of these dogs are now working Guide Dogs all over New England.

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