There are several things that are different about buying or selling a home in the Danbury,CT area than other parts of the country. Things are:
-We don't have title and escrow companies handle the closing. Each the buyer and seller has their own real estate attorney.
-At the time of closing, it is expect the home be delivered in broom clean condition with the seller completely out of the home. Having the homeowner rent back from the new owner is uncommon.
-Typically the home buyers inspections are done before a formal contact is signed between the buyer and seller. The cost of inspections are to be paid by the home buyer, due on the date of inspection.
-Buyers should realize that you are not going to be purchasing a new home. Any inspection items that need to be addressed should be health and safety. If something was code or acceptable when the house was built and isn't to today's standard, it doesn't mean it has to be replaced or fixed immediately unless the inspector says its urgent. You can deal with some of the issues over the years.
-Sellers should be willing to negotiate, especially if their house has been on the market for a while with an offer. It has generally been a flat market in most price ranges, other generally than typically starter homes. the longer a home sits on the market, the less money you are going to get.
-In addition, there a big difference in homes in this area compared to other parts of the country. Typically, homes in the Danbury area are older than older parts of the country and generally serviced by private septic and well if you are not near the center of town or in a condominium project. You are not going to private large subdivisions of similar single family homes with amenities and active social organizations.
-A typical time for a closing is about 60 days once an offer has been accepted and signed off on. The quickest you can close in is usually two weeks once an offer is accepted if the house is empty and the home buyer is purchasing with cash.
Do you have questions about your home buying or selling experience or don't know where to begin your process? Contact local expert Jonathan Hall-Realtor of William Pitt Sothebys's to discuss your move and questions you may have, 203-417-0523 or danburyrealestate@gmail.com
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