Buying a home is a big step, but becoming house poor can cause financial trouble. Understanding and avoiding this in Connecticut, where homes and taxes cost a lot, is essential. What does it mean to be house poor? Being house poor means most of your money goes to...
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Real Estate Law
What are contingency clauses?
Buying a new home can feel overwhelming, especially if it's your first time. There are so many details, from the first viewing until the final closing, that you may begin to worry about forgetting something. One crucial aspect of buying a home is including contingency...
Buying your first home? Here’s what not to do
Buying your first home is an exciting milestone, but it can feel like stepping into uncharted territory. It’s easy to get overwhelmed with so many decisions to make and options to consider. To help you navigate this journey, being wary of the pitfalls that can turn...
Required home disclosures in Connecticut
When someone sells real estate in Connecticut, they may have to fill out a disclosure form. This typically takes the form of a list of questions. The seller can then either check yes, making the disclosure, or check no, saying that there is no problem with the...
Examples of material defects in real estate
There are few purchases more significant than acquiring real estate. This is the case whether a couple is buying their first home together or a developer is seeking their next project. The significance of purchasing real estate means that due diligence needs to be...
Important questions to ask when buying a home
Whether you are moving or purchasing your first ever home, it’s an exciting time. Nonetheless, sometimes, the excitement can take over and you forget to ask pertinent questions before committing to a deal. Asking questions helps you to gather information. It also...
What to look for when you first see a new home
If it’s your first time buying a home, you may be unsure what to look for. You’re just viewing homes and looking for something that speaks to you. But this is a major investment. What types of details should you really focus on? Here are a few pieces of helpful...
Should you permit a rent-back agreement?
You’ve found the perfect home and you’ve put in a bid – but the seller wants a rent-back agreement. This will allow the seller to become your renter for a time after closing, and it’s usually used to make it easier on the seller to coordinate the purchase of their...
Find your forever home with the help of an inspector
Are you looking for your forever home? Do you want to plant your roots and start a family without having to worry about moving? As you search for your first home, you should consider hiring an inspector. A home inspector can evaluate a home and help determine whether...
How to avoid unnecessary pitfalls when selling a home to a friend
It may seem like a dream scenario. You’ve decided to put your vacation home on the market, so you invite your best friend over to spend one last weekend there. They love the place and offer to buy it for the price you’d hoped to get. To be able to sell a home without...