You’ve been looking to buy a home in New Haven County for the past year. Finally, you have seen one you like. The only problem is the price. You sit down to assess your finances and find you can stretch to reach the asking price. Then you realize you forgot to include...
What’s the purpose of title insurance during a home sale?
When you buy a home, the amount that you pay at closing doesn't just reflect the value of the home. You typically have to cover other costs as well, including the cost of signing your document, the fees assessed by the real estate agents and other necessary charges,...
How contingencies protect you when you’re buying a house
Buying a new house is an incredibly exciting process, but it is also one that comes with substantial financial and legal risk. When you submit a purchase offer to a seller, you could potentially lose your earnest money if you back out from the sale prior to closing....
Foreclosure rates decline, bank repossession ones soar
A report published by the real estate data company ATTOM Data Solutions captures how foreclosure rates declined across the United States during November of this year. They decreased 13% from what they were in October. Those same statistics show that there were 11%...
What to expect between contract signing and closing on your house
If you've ever wondered why it takes so long to close on a property between the contract signing to the closing is finally scheduled, it's because there's a lot that happens in between one step and the other.Before you signed your purchase agreement, your realtor...
Closing day can bring surprises
After house searching, negotiating on price and signing a purchase agreement, soon-to-be new homeowners in Connecticut may think everything is smooth sailing once closing day arrives. However, there are certain issues that may arise and cause problems with the final...
This year may be a buyer’s market after all
Last year the media warned consumers to reconsider purchasing a home in 2019. Predictions included that higher interest rates and the increased prices of homes would make it unaffordable. Ironically, for these exact reasons, homes may actually become more affordable...
New tax reform blamed for slump in luxury home sales
Connecticut and other New England states have a reputation for a higher cost of living. Much of this is tied to the cost of housing. Even so, there are affordable houses on the market, though they are now decreasing in supply compared to expensive homes. When...
How to protect your property from burglars
Both a business and home burglary in Connecticut comes with financial and emotional hardships that can be difficult to recover from. In a home burglary, the homeowner may feel violated and mourn the loss of items of sentimental values for a lifetime. Meanwhile, in a...
How recent developments in real estate may affect investments
Investing in Connecticut real estate is a great way to make money as a landlord or through flipping houses. However, recent developments in the market may threaten this. As real estate prices continue to climb, buyers are stepping back from the market. High interest...