Frankly, you can probably find numerous lenders and programs out there that will let you put less than 20% down to purchase a new home. However, that doesn’t necessarily mean it’s the best way to go. There are many benefits of a 20% down payment. Here are a few that...
The Experience You Need
Year: 2021
Must Connecticut homeowners disclose that their house for sale is haunted?
As one of the original 13 colonies, Connecticut is an old state with a long and storied history. Thus, many of the properties still in use have complicated histories attached to them. In some cases, that can include some paranormal activities. So, if you plan on...
Should you buy your next house online?
Over the last two decades, people have shifted a lot of their buying to online purchases. They buy clothes, books, groceries, movies and more. Then they either enjoy digital products or have physical products shipped to their door. While the degree to which everyone...
Title issues can snag your home closing
Several things could cloud the title of your home. For instance, a contractor may have placed a lien for unpaid bills or if your ex-spouse forgot to remove a child support lien on the house. Those are just two of the many scenarios where the title to the home may not...
When should a home seller use a kick-out clause?
Among the most complicated and uncertain residential real estate transactions are those where both the buyer and seller have commitments to other properties. Often, the buyer currently owns a home that they have to sell, and the seller is purchasing a new home. Their...
What you need to know about property tax liens
Generally, a lien is a legal right or claim of one person against another’s property to secure the payment of a debt or fulfillment of other obligations. Liens are commonly placed on properties by creditors so that they can collect what is owed to them. They can also...
A look at some of the closing costs for Connecticut home sellers
Selling a home seems like a straightforward, if not simple, process. Most people believe you list the property for sale, agree on a price and then sign a few papers before walking away. Unfortunately, there is more to the process of selling a home in Connecticut. Many...
Here is what you need to know when buying a foreclosed home
If you are a real estate investor, you probably appreciate that foreclosures tend to come with great deals. Foreclosure homes are generally cheaper to buy than other homes. But, these homes also come with something else: Great risks. There is no doubt that buying a...
Do you actually need a lawyer to buy a house?
You bought your first home in another state, such as Michigan, where you were pretty much free to do as much as you wanted. You didn’t even need a real estate agent, much less a lawyer. Even the legal title transfer process, while done at an office with a notary, was...
Can you sell a home immediately after buying it?
Say you close on a house, but you’re already thinking of selling it. You don’t mention this to the sellers, and you’re not obligated to, but you know that you want to turn around and sell it as soon as you can. Are you allowed to do this? Or, is there anything you...