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Home Buying in Connecticut : Real Estate Advice

  • All286
  • Local Info23
  • Home Buying150
  • Home Selling33
  • Market Conditions6

Activity 1,514
Carissa Sant…, Real Estate Pro in Cumming, GA
Mon Jan 25, 2016
Carissa Santasiero answered:
Jay, Check your agreement and let your agent know about the home you found. Your agent can talk to this seller and might be able to get the seller to pay his/her commission. A good agent will easily be able to show how valuable their expertise is, and hopefully the seller will see the value in having your agent represent you as a client, and assist the seller as a customer to get everyone to the closing table. If your agent represents you, they will fight to get you the deal, at, or below, market value.

I am in Georgia where customarily, the seller pays the real estate commission. However, everything is negotiable. Hope that helps and Good Luck.
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0 votes 3 answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Sun Jan 24, 2016
Dan Tabit answered:
If someone from the bank signed the contract, you have a legal issue to enforce. An attorney will need to review the contract to make sure they don't have a unilateral right to change their minds and if not, pursue action on your behalf. Just realize the bank has attorneys on staff and it won't bother them much. They won't mind running up your legal bills while you pursue this.
Get some specific advice based on your contract and think long and hard about how far you want to go to fight this.
Let us know how things go and what you decide to do.
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Lnocero63, Home Buyer in Norwalk, CT
Thu Dec 31, 2015
Lnocero63 asked:
Lori Donnelly, Renter in Toms River, NJ
Sat Dec 26, 2015
Lori Donnelly asked:
I need a home, have bad credit, I am disabled. I have $5,000
0 votes 0 Answers Share Flag
Alysse Musgr…, Real Estate Pro in Coppell, TX
Sun Dec 20, 2015
Alysse Musgrave answered:
Trulia receive feeds from regional MLS/boards of Realtors, and they display only what is input by the listing agent. If you're serious about buying a home, hire an exclusive buyer agent to represent you.

Don't Let Them Make a Monkey Out of You! Follow the links below.

Alysse Musgrave
Consumer Advocate
Exclusive Buyer Agent

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
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Dan Tabit, Real Estate Pro in Issaquah, WA
Thu Dec 17, 2015
Dan Tabit answered:
FHA is the most flexible for people with credit issues, but define "bad credit". Some lenders can take that program to a mid score as low as 580, but not all.
Here's my question for you, why is your credit bad and what are you doing to change it? If you can buy, are you sure you'll have what it takes to keep the home and not end up like so many people before the crash?
If your bad credit is due to a one time event and you always had good credit before and you are on your way back to good credit, you might be okay. If you've struggled for a long time with credit issues, please address this first. Get on a firm solid foundation before you take on the biggest debt of your life. Get on a budget, get out of debt, pay all your bills on time or early, save up a down payment and have money left over for emergencies. You'll not only become a home owner, but be able to stay a home owner for the long term. Best of luck!
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Nigel Downes, Renter in New York, NY
Thu Dec 17, 2015
Nigel Downes asked:
Credit karma shows my cred score at about 590 and it says if I pay off my current credit cards ,it will go up to 690 . I don't know if that's accurate ,but I am interested in purchasing…
0 votes 0 Answers Share Flag
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Wed Dec 9, 2015
Debra (Debbie) Rose answered:
Generally, rent to own favors the owner NOT the tenant - rarely does it work out well for the tenant

You will be expected to give a NON-refundable deposit, as well as paying rent over and above the usual rent - only that extra rent is applied to the purchase, and that extra rent is also non-refundable if you do not buy the home for ANY reason.

If you do not qualify for a loan now, you better make sure you will qualify at the end of the lease term or you risk losing money.

There are a number of other potential dangers lurking for the tenant.........the sale price is decided at the beginning of the lease - what if the market changes? what if the house doesn't appraise out? what if the owner stops making payments on the house?

My advice is to rent in the usual way until you can buy in the usual way - you will also then have a full selection of homes from which to choose on whatever it is that is preventing you from buying now.
Rent to own is NOT the easy road to home ownership some think it may be.
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Heatherolden, Home Buyer in Guilford, CT
Thu Dec 3, 2015
Heatherolden asked:
Linda A. Cap…, Real Estate Pro in East Norwalk, CT
Wed Nov 25, 2015
Linda A. Cappello answered:
You do have options. If you are trying to save some dollars, you can use a title company who does have an attorney on staff, so you would still be protected and would receive legal advice. Most transactions are handled by an attorney in Connecticut, but as i mentioned, a title company is certainly an option. Either way, you'll want representation to guide you through the process.

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Ninfa Valella, Real Estate Pro in Wilton, CT
Thu Nov 19, 2015
Ninfa Valella answered:
If your home is listed with an agent ask the agent to update the listing on the site directly or through their MLS.
0 votes 1 answer Share Flag
Ninfa Valella, Real Estate Pro in Wilton, CT
Thu Nov 19, 2015
Ninfa Valella answered:
Inspections are paid by the buyer. Items that contribute to the price are square footage, location, company , lead testing, pest testing, etc. Your realtor will advice you on a number of companies that they feel offer the best service for you. ... more
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Kathy, Home Buyer in Greenwood Lake, NY
Thu Nov 19, 2015
Kathy asked:
Drumb001, Renter in Wallingford, CT
Thu Nov 19, 2015
Drumb001 asked:
Which should I work on the most for a Mortgage?
I currently have a 705 CS but due to two bills , a car loan and a line of credit that I'm paying down nicely to secure a mortgage for…
0 votes 0 Answers Share Flag
Arsenalloanc…, Home Buyer in New York, NY
Sun Nov 15, 2015
Arsenalloancentera answered:
I do offer loan at 3% please contact me directly through this email:
0 votes 3 answers Share Flag
Kelleyr11, Home Buyer in Killingly, CT
Wed Nov 11, 2015
Kelleyr11 asked:
The house I live in had a mortgage that was discharged in a bankruptcy back in 09. My name is on title and I pay the insurance. The loan was never re-affirmed and is not on our credit…
0 votes 0 Answers Share Flag
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