Home > Blogs > Beaches' Blog
682 views

Beaches' Blog

By Monique Geremia | Agent in Westerly, RI
  • NEW CONSTRUCTION

    Posted Under: Home Buying in Center Barnstead, How To... in Center Barnstead, Property Q&A in Center Barnstead  |  December 21, 2010 8:10 AM  |  294 views  |  No comments
    Weichert Realtors, Suburban Properties
    Monique Geremia, "The Results Driven Realtor"

    NEW CONSTRUCTION


    There are several challenges inherent in construction that are not present when purchasing an existing home. Obviously, it is impossible to make as thorough an inspection of a home in the planning stages or in the process of being built as can be performed on an existing home. A great deal of trust and confidence must be placed in the new home construction contractor. While your Realtor may represent one or more new home construction contractors, the Realtor cannot guarantee the quality or time lines of the work of any particular one. You must investigate the contractor just as you would investigate any other home purchase. Fortunately, there are resources available to assist you in conducting this investigation. First, all new home construction contractors must be registered with the Department of Consumer Protection (CT). You may contact the Department to determine whether there have been any complaints filed against a particular contractor. Second, by law, the new home construction contractor must provide you with a copy of the contractor's registration number and a written notice to advise you of certain rights you have and questions you should ask. For example, the notice advises you that , upon your request, the new home construction contractor must provide you with the names of consumers of the last twelve new homes constructed to completion during the previous twenty-four months, then a list of all consumers for whom the contractor has constructed a new home to completion during the previous twenty-four months, except for those consumers who have stated in writing that do not wish to have their names released. Do request the list of names and check with several of the consumers on the list to determine how satisfied they were with the contractor's services.

    Unlike existing housing a new home construction contractor must provide you with a one year warranty for defects in workmanship or materials on any newly constructed property. It is possible for a contractor to exclude or limit portions of this warranty in the purchase or construction contract. The building inspector will issue a certificate of occupancy indicating that the home meets building code requirements and may be legally occupied. A certificate of occupancy may be issued even if some items such as landscaping are incomplete.

    Contracts and deposits are often handled differently in new home construction. The fill-in-the-blank purchase contracts that are often used for residential sales are not suitable for new home construction. New home construction contractors often want the deposit released to them and not held in trust or escrow. In addition, the plans and specifications should be reviewed and agreed upon between you and the builder and attached to the contract. Therefore, you should always have the contract reviewed by your attorney prior to signing it. While the contractor may not agree with every change that your attorney wishes to make, no reputable contractor will object to having your attorney review the contract before you sign it.



    Monique Geremia, Realtor

    Weichert Realtors, Suburban Properties

    Office: (401) 637-4901

    Cell: (401) 391-2324

    E-mail: mgeremia@weichert.com

     

    2001 Connecticut Association of Realtors, Inc.

  • Investigating The Property

    Posted Under: Home Buying, How To..., Property Q&A  |  December 20, 2010 7:51 AM  |  234 views  |  2 comments

    Weichert Realtors, Suburban Properties

    Monique Geremia, "The Results Driven Realtor"


    INVESTIGATING THE PROPERTY

     

    Investigating the property is probably the most important step in buying a property, and perhaps, one of the simplest to neglect. Most buyers on a mission to find that perfect home have a mental checklist of what's truly important to them, and while buyers may inherently know what they want, a Realtor will not know unless told. Asking a Realtor to find a “good” house in a “nice” neighborhood sounds elementary and obvious, but a Realtor's mental template for “good” and “nice” may be very different from the buyers'.

     

    In the home-buying process, both the Realtor and the buyers have responsibilities. It is the Realtor's role to search through listings and find properties to show the buyers. Once the buyers have zeroed in on a property, the Realtor may supply them with specific information concerning the property obtained from the seller or public agencies. (It is important to note that as this information may be gathered from various agencies and departments that use the information for their own purposes, the information may or may not be up to date or accurate.) While the Realtor is performing his or her job, the buyers should also be engaged in the process, They should be looking for those conditions or aspects of that house or that neighborhood that could make or break a deal for them. So, despite the fact that the buyers may have a lawyer, a lender, a Realtor and a cadre of home inspectors on their home-buying team, buyers must assume some of their responsibility for the fact gathering. For instance, if the zoning of the property is important so that a home business is permitted, speak with that town's zoning authority. If adding onto the property is in the future plan and the location of the boundary lines is key, speak with that town's building department. If knowing that a convicted sex offender is living nearby is of paramount importance, check with the Police Department, the State Department of Public Safety or the state's sexual offender registry. Bottom line – be smart and verify the information that is important to your personal buying decision.

     

    Buying a house isn't something that happens to you it's something you make happen, so make it what you want by not leaving those issues that are important to you unattended. While your Realtor has been schooled in many aspects of the buying and selling real property, mind reading was not included in the curriculum; therefore, your Realtor won't automatically know what is important to you. Just because the information you thought was important wasn't readily available initially, don't assume that it will magically materialize later on in the process. If there are conditions or issues that are of particular interest to you, engage in the process, roll up your sleeves and be diligent about ascertaining the facts.

     

    Monique Geremia

    Weichert Realtors, Suburban Properties

    E-mail: mgeremia@weichert.com 
    Cell: (401) 391-2324

    2001 Connecticut Association of Realtors, Inc.

  • Maybe You Know Very Well What Went Wrong. But Maybe You Don't.

    Posted Under: Home Selling in Westerly, How To... in Westerly  |  December 16, 2010 12:54 PM  |  275 views  |  1 comment
    Weichert Realtors, Suburban Properties Logo
    Monique Geremia, The Results Driven Realtor

    Maybe you know very well what went wrong.  But maybe you don't.

     

    It's possible, at least, that there was more to it than you realize.

    At Weichert Realtors Suburban Properties, we think it's important to pinpoint the cause or causes as best you can before you decide whether to put your home back on the market.  Could any of these have been the case?

    • Your home was overpriced, perhaps even drastically , because your agent failed to readjust to current market conditions.

    • Your real estate agent didn't price and sell your home based on a true understanding of your neighborhood.

    • Your home didn't look its best, because you weren't advised to paint, make repairs and/or perform a general cleanup.

    • Your home wasn't shown enough because:

        -There was no lockbox to allow easy access

       -Your real estate agent wasn't always available at night or on weekends

    • Your home wasn't marketed properly and/or didn't get enough exposure due to:

       -Inadequate Internet exposure

      -Inadequate print advertising

      -No open houses

      -No open houses exposure for other real estate agents

      -Inadequate signage

    • You simply didn't choose the right real estate agent from the right real estate company

    I am available if there are any questions that you may have from your previous experience(s). Together we can make a plan that fits your needs and get you the results you want.

     

    Monique Geremia

    Weichert Realtors, Suburban Properties

    E-mail: mgeremia@weichert.com  Cell: (401) 391-2324

     

     2007 Weichert Realtors publication


 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer