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Home Buying in New London County : Real Estate Advice

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  • Local Info1
  • Home Buying5
  • Home Selling0
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Activity 102
Mon Mar 6, 2017
Fb asked:
Tue Nov 22, 2016
Alysse Musgrave answered:
Don't base your decision on stats you read on Trulia or Zillow. Contact your local police department; they will give you all the crime stats you need to make an educated decision.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
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0 votes 1 answer Share Flag
Fri Sep 9, 2016
Stacy Ann Stephens answered:
The average home in Connecticut surpassed the $200,000 mark for the first time since February 2008; therefore there are several homes in all 8 counties that are under 200K.
Web reference: http://www.cthomeadvisors.com/blog/what-does-200000-get-you-in-connecticut/ ... more
0 votes 6 answers Share Flag
Thu Aug 4, 2016
Alysse Musgrave answered:
Either the seller has to reduce their price, you have to pay the difference in cash, or a combination of the two. You should also have the right to terminate the contract if you can't reach agreement with the seller.

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.
... more
0 votes 1 answer Share Flag
Sun Jun 26, 2016
Claracross58 answered:
Wed Jun 1, 2016
Sally Grenier answered:
Not sure what you mean by "void the hubbard"?? If you have accepted an offer on your home and both parties have signed, and you are "under contract", you cannot just terminate and accept another offer. You really need to be asking your Realtor this question and review your contract again. ... more
1 vote 1 answer Share Flag
Mon May 16, 2016
MCM_STL answered:
You can't trust much of anything on this website. It pulls information from all sorts of random sources but never tells you where that info is coming from. Stick with whatever the local taxing authority where you're house hunting says is the tax amount. ... more
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Wed May 11, 2016
JoAnn Brown asked:
Mon Mar 7, 2016
We3devegas asked:
I posted it on Zillow and it was automatically posted to other websites. I need to delete them on the other websites.
0 votes 0 Answers Share Flag
Mon Feb 15, 2016
Robert Ferris asked:
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
Fri Jul 17, 2015
Marge Stockbridge answered:
Heck, if your spending a relatively insignificant amount (unless $8K is downpayment?), surely u can come up with another $500 or so to be represented by attorney. The value of a real estate attorney can be the difference between losing funds or being delayed, which can cost you money due to unforeseen events.

Once, I built home. Attorney included clause in sales contract that in event builder did not meet construction deadline--which he agreed to in signed P&S Agreement between us, and upon completion to convey home to us, he would forfeit the house in whatever state it was at the time, including land, with no further payments due from us (we paid builder upon completion of trades: e.g., foundation done, he got $5K, roof put on, he got $2K, and so on until house completed, all funds paid out.).

Near deadline, I heard builder really scrambling, pulling guys off other jobs, etc., in order to meet that deadline. Do you think builder would have done that if not for agreement made by attorney (we never would have thought of that) to which builder agreed in order to get money to start job?

In end, although we always hate to pay money for 'advice', sometimes (not always) it's route to go--but again, as first paragraph states: depends on how much ya got to lose.
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0 votes 2 answers Share Flag
Sun Jun 28, 2015
Joseph Domino answered:
Commissions are negotiable by all parties. Real estate agents get paid by commission. If they do work for you, they are probably entitled to a commission. When you do work for someone you would want to be paid.

If you have found a house that is not currently listed, it is your choice whether to use an agent and to negotiate the commission. If your agent found you the house, has negotiated on your behalf and is handling the sale, then pay them what is typical for your area.
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0 votes 1 answer Share Flag
Mon Apr 6, 2015
Patricia Shafer asked:
Mon Feb 16, 2015
Heather Crabtree answered:
Hi Pamela,

It is possible to buy using CHFAdap where essential you can buy for 0% down..... the program does have income restrictions though... you can look for rent to own but you will probabaly pay more for rent than your mortgage ...
you can call me at 203-558-7720 I would be more than happy to try to help you
... more
0 votes 1 answer Share Flag
Sat Jan 10, 2015
mogge.nilsson answered:
So Dave, did you move to New London? If so, how do you like it so far? I'm myself are looking into buying a summer hous in the area so any input would be great. Thanks!
0 votes 5 answers Share Flag
Sat Nov 22, 2014
Tim Moore answered:
First of all, yes there will be legal documents. The contract to purchase is a legal document which speaks to the earnest money and what price will be paid. Also the deed must be recorded to protect you, the buyer, and that must be drawn up by a lawyer.

As a sellers agent I would insist on seeing proof of funds before I allowed the property to be taken off the active for sale list in the MLS.
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0 votes 1 answer Share Flag
Fri Nov 7, 2014
Km133688 answered:
You can look at as many houses as you want. There is no illegality to it. You must have misinterpreted what your agent told you. Your agent is likely not interested in showing you other properties if he/she figures you are not serious about them since you have another under contract and thus it is unlikely you will sign another contract before the first one is figured out one way or the other. Your agent may feel showing you more properties when you have one under contract is a waste of her time. In reality, it probably is.

Additionally this agent may not want you to look at too much more stuff because you may come down with a form of "pre-buyer's remorse" so to speak and decide you have changed your mind and don't want to buy the property you have under contract.

I suggest that if the house has way more work than you expected, then back out of the deal. Your contract does have contingency for this right? Then keep looking.

Illegal for them to show you more? Absolutely not.
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