Boundary disputes often happen when property lines are unclear or neighbors disagree on where one property ends and another begins. While these issues might seem minor, they can lead to bigger problems if you leave them unresolved. Understanding how to handle...
Real Estate
How environmental regulations impact waterfront properties
Buying or developing a waterfront property, especially one worth over $1 million, means dealing with a set of important environmental rules. These rules protect the state’s natural resources and can influence how properties are bought and developed. What you need to...
Key insights on purchasing a historic property in Connecticut
Purchasing a historic property in Connecticut can be a rewarding endeavor, especially for homes priced over $1 million. These properties often come with unique charm and historical significance. Yet, there are several important factors to consider before making such...
Tax implications of luxury home purchases
Buying a luxury home in Connecticut brings a set of tax considerations that are important to understand. These tax rules can significantly affect your overall financial planning. High-value properties come with unique responsibilities. So, preparing properly can make...
The pros and cons of continency clauses in real estate deals
Contingency clauses play a significant role in real estate transactions. These conditions aim to keep contracts fair by guaranteeing various stipulations. Sometimes, one party may consider waiving contingencies to speed up the process or strengthen their bargaining...
Possible challenges of buying a foreclosed home
People who are looking for good deals in the real estate market may find they can buy a cheap house that a bank has foreclosed on. It is true that purchasing a foreclosed property could fetch a smaller price. However, you might end up spending more than you had...
Recognizing earnest payment red flags
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...
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...