Author: William A. Hamzy, Esq.
Published in The Plymouth Connection
According to the calendar, it’s spring time in Connecticut. However, it certainly doesn’t feel like spring based on the weather pattern we seem to be stuck in. Spring is usually the busiest time of the year when it comes to real estate. Most people prefer to buy and move in to a home in the summer. This is due to many factors but it’s primarily due to the school schedule. As might be expected, parents don’t like to move while their kids are still in school. They’d prefer to have their children start the year in a new school rather than moving them mid-year.
If people are looking to move in the summer then they are signing contracts to buy homes in the spring. That’s because buying a home is not like buying a car. The process is much more involved. When buying real estate, not only do you have to look at many houses in order to find one you like but finding it is only the first step. You have to contact a home inspector to have an inspection done. You have to find a mortgage company and apply for a mortgage. If you own your own home, most people will have to sell it before buying the new one. If you rent, you’ll have to give notice to your landlord. Finally when the time comes to actually close, you’ll have to pack all of your belongings and do a final walk-through inspection of the house you’re buying.
The list I just made is involved enough but obviously there is much more that goes in to each of these steps. However, the entire process starts with the contract. As I’ve written before, make sure you fully understand each and every part of the contract before you sign it. The contract outlines the entire agreement between the Seller and the Buyer. If you’d like a real estate attorney to review the ontract before you sign, feel free to contact us. We’d be happy to help.
The Hamzy Law Firm, LLC