When homeowners are behind on mortgage payments, they may find themselves owing more than the property is worth. Often this leads to foreclosure. However, in cases of severe financial hardship, a lender may grant the owner relief by allowing him or her to sell the...
In the state of Connecticut, contractors or service providers who are not paid for their work can put a mechanic’s lien on a property. Those who contribute to the improvement of a property, such as suppliers furnishing material or laborers doing the work, have an...
A homebuyer usually provides a seller with earnest money, also called a good faith deposit, when making an offer on real estate. The funds let the seller know the buyer is serious about the property. A substantial deposit is essential in a hot market when the seller...
Getting through the home inspection process can prove rather tricky for real estate professionals. Whether you have gone through the motions hundreds of times or are relatively new to the industry, inspections can throw anyone for a loop. Here are a few tips to help...
Home sellers must concern themselves not only with how the physical state of a property affects its value but also the perception of the real estate to ensure a fair and profitable selling price. Slander of title can negatively impact a property's value, so sellers do...
As a real estate agent, you understand the excitement and anxiety your clients feel when they purchase a home. Due to the cost of these investments, homebuyers might not see the value of purchasing title insurance. Your job is to explain that this tool is one of the...
Just as it is in many other states, Connecticut's real estate market is experiencing a boom. In fact, between July 2020 and July 2021, home prices increased by roughly 16% while inventory fell by 30%. Put simply, it may be a struggle to find the right house to buy....
If you are trying to buy a home in Hartford's red hot housing market, you already may realize you may have to make some sacrifices. Purchasing a fixer-upper rowhouse or condo may allow you to switch from renter to homeowner without spending a fortune. Many multi-unit...
You are no doubt anxious to complete the sale of your home and move on with your life. Therefore, you want to see the closing take place as scheduled. Unfortunately, last-minute problems can arise. Here are four issues to avoid in order to prevent a delay in your...
Any homeowner can experience a flood, but for those who live in the highest risk areas, the price of flood insurance can have a major impact on their budgets. The Federal Emergency Management Agency is introducing a new flood insurance premium assessment system that...