What’s it entail to be a buyer of real estate in Connecticut? There are many steps to consider, but hopefully through this layout, you will have a better sense of all that it takes to become a buyer of real estate in the State of Connecticut.
- Find someone you would like to work with and feel comfortable with. It’s important that you find an agent that you like, trust, and want to work together with to purchase property. Take your time on this and there is no rush. If you need advice or suggestions for specific areas of the state of connecticut, please let us know.
- Once you’ve decided on the agent that you would like to work with, it’s important to sign a buyer’s agreement. This protects you, the agent, and also any homeowner that you are seeing their property. It is important to know that in Connecticut, most of the time the buyer does not pay any commission. It is the seller or listing person who is paying the commission. So, there is very little reason to not work with an agent to buy property in connecticut.
- You also must consider the timeframe. Typically, six months is sufficient time to sign the agreement, but if you know it’s going to be longer, then feel free to add time to the agreement. You can always do an extension if / when needed.
- Continue the relationship. It’s important that the agent gets to know you, your likes, dislikes, and habits to better serve you. Make sure that you are able to communicate openly to the agent.
- Once some of the requirements are known, the agent can work to input this data into the Multiple Listing Service (MLS).
- From here, the agent can begin to send you emails on the listings that meet your requirements.
- Once you have decided on a property, then it is important to put everything down on paper: the washer, dryer, chandelier, or anything else that you want to stay.
- Then you’re ready to put in an offer and deposit on a house!
- After the deposit, it is time for an inspection. Most agents will provide suggestions of people to work with, but obviously the final choice is up to you.
- The best situation is for the agent to also be at the inspection so that it helps you to have another set of eyes.
- After an inspection, you can have an appraisal. The appraisal can sometimes come in lower than asking and then you can ask to reduce the price.
- Before the closing, always do a final walkthrough.
