Earnest payments, also known as earnest money or a good faith deposit, are funds provided by a buyer to demonstrate their commitment to purchasing a property. They are typically held in escrow until the closing of the sale. It is important to be aware of potential red...
Real Estate
Should I consider buying a home with large trees?
Owning a house surrounded by majestic trees may hold great appeal for you, particularly if you want a property with undeniable natural beauty. If you think about purchasing a home with large trees, be sure to weigh the negatives along with the positives of possessing...
Due diligence for million-dollar home purchases
The pursuit of a million-dollar dream home is exciting, but it requires meticulous due diligence to ensure a sound investment. Before signing on the dotted line, prospective buyers need to address several considerations to safeguard their financial interests....
Do Connecticut homebuyers have to use an escrow?
The home-buying process involves a lot of paperwork and additional closing costs that you surely want to reduce if possible. For example, recent studies by CoreLogic's ClosingCorp discovered that Connecticut homes typically have closing costs at about 2.1% of the...
What to know about commercial real estate zoning in Connecticut
Understanding commercial real estate zoning is necessary for anyone looking to buy commercial property in Connecticut. People may purchase commercial properties for their business or investment or development. Zoning regulations dictate the use of land. In a...
Something about another specific title search issue
Encroachment issues in real estate refer to situations where a property owner or occupant intrudes or extends some part of their property (such as a building, fence, driveway or other structure) onto an adjacent property or into an area identified for a specific use,...
What happens if the title search uncovers public record errors?
The title search is a key part of the home purchase process because it verifies that the property has a clear, marketable title. This gives you and your mortgage lender the confidence that the property is free of legal issues or disputes in ownership before you...
Common mistakes to avoid when buying a house
According to Redfin, real estate prices in Connecticut have increased by 8.7% from June 2022 to June 2023. With costs rising, individuals who want to buy a home have to be especially careful about the deals they make. While you are navigating the world of real estate,...
What is a buyer’s agent?
If you want to buy a house, you can easily begin going around and looking at properties on your own. But this is not the ideal way to go about house shopping. The best way to look for a new home is to work with a buyer's agent. Definition of buyer's agent A buyer's...
Do you need title insurance when buying a home in Connecticut?
Purchasing a home in Connecticut is a major investment. To safeguard your investment, you may want to consider title insurance. Title insurance protects homeowners and their lenders from potential issues with the property's title or legal ownership. But do you really...