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Posts Tagged ‘Buying Real Estate’

8 Tips to Guide You on Your Home Search

Thursday, October 7th, 2010




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1. Research before you look. Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing.

2. Be realistic. It’s OK to be picky, but don’t be unrealistic with your expectations. There’s no such thing as a perfect home. Use your list of priorities as a guide to evaluate each property.
 

3. Get your finances in order.Review your credit report and be sure you have enough money to cover your down payment and closing costs. Then, talk to a lender and get pre-qualified for a mortgage. This will save you the heartache later of falling in love with a house you can’t afford.

4. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion, but be ready to make the final decision on your own.

5. Decide your moving timeline. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area? All of these factors will help you determine when you should move.

6. Think long term. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in this home for a longer period? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that will best suit you.

7. Insist on a home inspection. If possible, get a warranty from the seller to cover defects for one year.

8. Get help from a REALTOR®. Hire a real estate professional who specializes in buyer representation. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. Buyer’s reps are usually paid out of the seller’s commission payment.

*Reprinted from REALTOR Magazine, with permission of the National Association of Realtors.


  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate
  • wp socializer sprite mask 16px 8 Tips to Guide You on Your Home Search  | CT Real Estate

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Is this a legally binding contract???

Monday, March 1st, 2010




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Modern technology is a wonderful thing, creating easy “connectivity” between people all over the nation. But it’s also causing problems in many areas, and buying Stamford real estate is one of them.

Here’s the problem: Many people selling Stamford real estate may live in another city or state. In this case, negotiations may be conducted over the phone, through email, via Yahoo conversations – some even use Twitter for real estate deals and information.

At the same time, this also means that legal documents may be passed through email, uploaded to a website for easy viewing or through any number of other online methods. PDF documents, for instance, have become a very popular way to pass on legal forms because they’re easy to fill out, don’t have to printed, etc.

As the buyer, you can’t afford to take the seller’s word that they’ve accepted your position – especially through email. For instance, a buyer recently had a home sale fall through. The seller accepted the terms through email, told the buyer that the seller had signed the contract and sent it on to the agent. Somehow, even though the buyer was positive the contract had been agreed upon, the house was sold to another buyer. Although laws change from state to state, it’s always best to have the contract in printed form, with an actual signature – in ink! Without the actual contract, all you have is an email.

Although emails can be legally binding, they don’t hold a candle to having the printed and signed contract in hand.

Here are a few tips to make sure your housing purchase goes off without a hitch:

• Meet in person – This may be a difficult prospect, especially if the seller lives out of state. However, if you can’t meet them in person, their agent should at least be local. Meeting with the home seller’s legal representative (i.e. Real estate agent) is the next best thing.

• Get it in writing, and get it in print – Who wants to wait for the post office to deliver a paper contract when you can get it from an email? Well… you do. Yes, it might slow the process of buying a house and closing the deal, but so will having the seller back out.

• Verify the important points – Make sure you and the seller really do agree on the terms of the contract before you put your signature on it. You, or preferably your buyer’s agent, should go over the contract with the seller’s agent who should go over it with the seller.

It’s a great time to buy Stamford real estate, but don’t let technology lose you the contract. Cross your t’s and dot your i’s – on paper!

If you’re looking to buy a home, I’ll make sure all those t’s are crossed and i’s are dotted for you. Call me at 203.667.0897 or email me at nicole@thepropnet.com for more information. icon smile Is this a legally binding contract??? | CT Real Estate

Nicole Borsey,  Broker/Owner



  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate
  • wp socializer sprite mask 16px Is this a legally binding contract??? | CT Real Estate

lg share en Is this a legally binding contract??? | CT Real Estate