You will never find an inexperienced agent with RE/MAX simply because of the company's business model and hiring practice. Agents are allowed to answer any question with a material fact about a property or a community (CT law). By CT law, we are not allowed to speculate about school systems or the crime rate, however, we can guide you to the resources that can give you material facts. www.kathleenMprater.com or facebook KathleenPraterRe/MaxAlliance in Groton, CT... more
A seller looks at the whole package. Cash versus financing is a contingency with risk for the seller. If the buyer cannot get mortgage commitment the deal falls apart, whereas a buyer with cash eliminates that contingency. You will outbid a finance buyer all things considered equal but how much you can save depends on the condition of the house and other aspects of the transactions such as inspections and motivation of seller.... more
An agent may be able to lower their commission to the seller and the seller can reduce the price of the property or make a contribution to the buyer but it is not legal, in my opinion, for an agent to rebate cash to a buyer. Only licensed agents can receive a commission.... more
Taxes will not be adjusted unless you file a tax appeal with the municipality. In Connecticut the appeals process begins by requesting an appeals form and completing it and submitting it prior to the deadline of February 20th. Any owner of a property and Lessee with a lease that requires the payment of taxes may file an appeal. Photographs of defects and clear reasons why the property assessment is unfair, such as errors in square footage, number of baths and other fixtures and assets will be effective in persuading the board to reconsider the assessment.... more
I can't stress enough you need to talk with a mortgage broker, a lender not a Realtor. With the "financial crisis" things have changes a lot in the past couple of years in regards to getting a loan. A good lender will walk you through your FICO score and your overall credit picture. Help you understand where you are at now and what you can do to increase it. The good news is in time, you can make it better and then go back to get/secure the loan. If you do not know of any lenders in your area, start with your Bank as many have incentives for their existing clients.
Good luck.... more
I personally like any time in the second half of the month. The reason s that at closing, you are prepaying interest for the remainder of the month and your first mortgage payment will not be due until the first of the following month. This gives buyers a good "relief valve" after getting through the purchase, moving, etc. If you close on the 10th, for example, you will have a payment due in 3 weeks.
In the end, it doesn't really matter what time of the month, as we prorate expenses such as taxes on a daily basis. If you wait too close to the end of the month, you'll be stressed out with all of the stuff going on with the attorneys involved. Try to avoid the last day.... more
Just an update here for you, in CT right now, there are 750 homes under 200k within 15 miles of Hartford, 330 within 15 miles of New Haven, 257 within 15 miles of New London and 45 within 15 miles of Norwalk. If I can help you further, fee free to contact me through my website. you can search for properties there, as well using my search feature. It has the latest and greatest from CT MLS. http://www.ilmct.com/property-search.asp... more