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FREQUENTLY ASKED QUESTIONS
Common Questions Answered Here
Get answers to the most frequently asked questions about our real estate services, process, and more. If you can't find what you're looking for, feel free to reach out to our team directly.
Do I Need to Get Pre-Approved Before Starting My Home Search?
A mortgage pre-approval letter is essential for both homebuyers and sellers. For homebuyers, it helps them determine their budget and narrow down their search for a new home. It also demonstrates to sellers that the buyer is serious and financially capable of completing the purchase.
Is Now A Good Time To Buy?
The best time to buy a home isn’t just about market conditions—it’s about your personal situation. While interest rates, inventory levels, and home prices fluctuate, the most important factor is whether the time feels right for you. If you're financially prepared, have stable employment, and are ready to invest in homeownership, then the time is right!
Connecticut's real estate market remains competitive, with strong demand in suburban and commuter-friendly areas. While mortgage rates may be higher than in previous years, home prices continue to appreciate, meaning waiting could cost you in the long run. Additionally, buyers today have more negotiating power compared to the ultra-competitive market of recent years.
How Long Does the Closing Process Take?
In Connecticut, the home closing process typically takes 30-45 days and requires a real estate attorney to oversee the transaction. After your offer is accepted, your attorney will review the contract while your lender processes your mortgage application and orders an appraisal. A home inspection is conducted, and any necessary negotiations take place. Your attorney will perform a title search to ensure there are no legal issues, and you’ll need to secure homeowners insurance. Once your loan is approved, a final walkthrough is completed before closing day. At closing, you’ll sign all necessary documents, funds will be transferred, and your attorney will record the deed transfer with the town or city. Once everything is finalized, you’ll receive the keys to your new home.