Home Buying Archives - Page 2 of 3 - Reid Real Estate Group

Category Archives for "Home Buying"

Read helpful posts about buying a home in the Greater New Haven region of Connecticut.

September 5, 2017

WANT TO BUY A SHORT SALE? WHAT YOU NEED TO KNOW!

keys with short sale

Short sales shouldn’t be a mystery to anyone anymore…however I am still shocked at just how many buyer’s agents attempt to represent clients through these transactions without the slightest clue of how short sales work. This along with inexperienced listing agents on the other side of the short sale are likely the #1 reason so many short sales fail. Time and […]

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September 5, 2017

What closing costs are involved in buying a Connecticut home?

There are several costs involved in any property transaction in Connecticut, several of which fall on the home buyer. Besides the actual purchase price and down payment, other costs of sale for the buyer include: Mortgage related costs: Upfront costs of funding your loan generally run 3-5% of the purchase price. These costs include origination fees, appraisal, upfront […]

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The priciest…and cheapest places to live in Fairfield County, Connecticut!

Thinking of making Fairfield County home? Wondering how far your money will take you? If you have over $1,000,000 to spend you can enjoy living minutes from NYC and the shoreline. The median sales price for  residence in Darien tops off the list at almost $1.4 million, with New Canaan, Greenwich and Westport close behind:  Budget challenged, but still […]

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What does AS-IS really mean?

“As-is” is probably one of the most misunderstood phrases in real estate jargon today.   Many sellers and buyers assume that if the terms “as-is” go into their sale, the buyers must simply accept the property in its current state. Sellers in fact are quite elated at times to get this terminology included in a contract, […]

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Selling and buying at once – tips to working with a hubbard clause!

Selling and buying at once – tips to working with a hubbard clause! Whether moving up or downsizing, at some point in their lives most people are faced with the prospect of having to sell one home, while buying another. This prospect can be specifically challenging when a new mortgage is conditional on the sale of […]

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