Realtor ABC’s Category
Most sellers don't take my advice but I always recommend that homeowners pay the $500 or so for a home inspection BEFORE they ever list it.Obviously, after living in a home for 10 or 15 years there are bound to be small problems that you may have ignored or are unaware of. There may be some wood rot around your sills or even some critters that may have taken up residence along with you. Certainly none of that would come as a...Continue Reading!
I was talking to a friend the other day and she said that she visits many realtor websites thinking that different real estate agencies will show different properties. I told her that all Darien brokerages participate in a local MLS and that it populates all websites, but she didn't really get it. Here's the deal. MLS stands for Multiple Listing Service and that is exactly what is is. The Multiple Listing Service was originally formed as a tool for Realtors to communicate with each other regarding properties for sale...Continue Reading!
In the State of Connecticut,homes sales follow a specific procedure.First a bid is made and hopefully accepted. Then, quick as a bunny, the Realtor assists the buyer in scheduling a home inspection. Then, WE PRAY. The results of home inspections here in Darien and elsewhere are responsible for many of the glitches in a home sale. Invariably,inspections will turn up a myriad of problems with dated wiring, furnaces,roofs,plumbing etc. Mostly the problems are minor but they can throw the transaction into slow motion...Continue Reading!
One of the most important things to consider when buying a home here in Darien or elsewhere is the amount of real estate property taxes you will pay. Real estate propertry taxes are expressed in something called a mill rate.The mil rate is equivalent to dollars of tax per thousand dollars of assessed value of a home and land. (Assessed value is a lesson for another day).As you'll see below the rate can vary within a town depending on whether your home...Continue Reading!
Its spring and a great one at that if you are a Darien CT Realtor.The market has blossomed along with the trees and homes are moving nearly as fast as they come on the market.....IF THEY ARE PRICED CORRECTLY. So if you are thinking of selling your home you might be wondering just how Realtors come up with home prices in a place like Darien.You've probably heard this before but it is part science,part art ,and part market experience and knowledge....Continue Reading!
I had a discussion with a fellow Darien Realtor yesterday which has prompted this post. She was telling me how she was showing homes to a client who let it be known that he was, in fact, using several Realtors at once. Now there are those who do this because they've never bought a home or don't understand the protocol. Then there are those that feel that they will see different listings with different brokers or somehow get a "leg up" in the...Continue Reading!
According to a Realtor textbook, "Real Estate Fundamentals",the term "contingency" refers to: "A provision in a contract that requires a certain act be done or a certain event to occur before a contract is binding." The most familiar contingency is a "mortgage contingency" where a prospective buyer and seller agree not to proceed with a sale until a buyers' mortgage is confirmed.Other examples of contingencies include, inspections or specified repairs to the property.Continue Reading!
Ever hear an agent tell you a home is being sold "as is". What exactly does that mean and what are the implications for you as a buyer? "As is", means without guarantee as to condition, (as in a sale ,not the condition of the property) A property therefore is being sold as it appears, including obvious or seen defects,or defects uncovered by an inspection. So,if a home is being offered "as is" and roof is obviously in poor shape or there is water in the basement.....caveat...Continue Reading!