Offer Agreed Upon, But Not Signed? Don't Count on that Deal Yet!

It can  sometimes be an emotional rollercoaster when you are looking for homes. Especially now, when inventory is low, and there is competition from other buyers on the house that you want.

Even if the sellers have verbally agreed to your price and terms,if they haven't signed your offer to purchase, you do NOT have an enforceable contract.

What do you think would happen if the sellers only agreed to your offer verbally, and then a much higher offer came in?  ... You're right if you think you wouldn't have a leg to stand on if the sellers chose that offer over yours.

Let's suppose  that there is more than one owner of the property- in that case, you need ALL the owners signatures for an enforceable agreement. One signature when three are needed does not consitute an enforceable contract.

The important thing to remember is that you have a valid signed agreement that is authorized properly by all parties involved.

NOTE: Spending money on any kind of building inspection before you have the correct documentation may end up being money wasted.

Bottom Line? It is most important to contact your attorney for clarification, and legal advice.

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

New to the Market in Westport for just $569,900! 3-4 bedroom ranch

Nicely remodeled ranch in great Westport location and NOT ON MLS until 4/25/13. You will have to act fast! Beautifully remodeled kitchen with granite counters has breakfast nook with sliders to patio. Living room has crown molding,  oversized marble fireplace and nicely tucked away beverage area with wine fridge. Both baths elegantly remodeled. Main level office/den could easily be fourth bedroom if needed. Call today for your private showing and beat the rush later this week.

See financing options here

Call  or email listing agent Judy Szablak (203)257-5892 for details!

Connecticut Financing Update and Today's Mortgage Rates 4/21/13

Rates remain low, and we would have to say that for the 9th week in a row I heard and read more about a real estate market that has turned into a seller's market which means more demand and less inventory.  If you are looking to close in the next few weeks then I would suggest locking in a rate with your lender and if you are looking to close in 30+ days then I would probably let your rate float to see how rates fare over this long period of time.

The above rates are based on a loan amount of $417,000 for a single family home, a borrower’s middle credit score of 780 and a 20% down payment.  If you would like a customized rate quote for your own specific loan scenario then please feel free to email me at nima@primeres.com or call me directly at 203.913.6016.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under any applicable law.

*Note: I currently have a Spring Special $555 off coupon for your closing costs if you're looking to refinance or purchase a new home.  Contact me for more details.

 Today's Mortgage Rates

Conventional 30 year fixed          3.625%                 APR 3.678%

Conventional 15 year fixed          2.875%                 APR 2.965%

Conventional 5/1 ARM                3.25%                   APR 3.301%

Conventional 7/1 ARM                3.00%                   APR 3.051%

With more than 10 years of mortgage lending experience, Nima specializes in  Conventional Mortgages,  Jumbo Loan Financing, Refinance, First Time Home Buyers and Federal Housing Administration/Veterans' Administration (FHA/VA)

782 Clinton Avenue

Bridgeport, CT 06604

Phone: 203.913.6016

Email: nima@primeres.com

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

Getting Ready for Spring.. STORMS? Yes, it's Time!

Though current temperatures make it hard to believe in some areas, the spring forecast for the next three months shows above-average temperatures for many of us, according to the National Oceanic Atmospheric Administration (NOAA).

Whatever the weather, the likelihood of severe spring storms is always a possibility, as strong winds and heavy downpours can damage our homes.

Now is the time to do early spring cleaning around your home before the volatile weather begins.
Here are some tips you can follow:

·    Clean out your gutters and downspouts. Remove debris. Check that they are working properly.
·    Trim dead limbs off trees.
·    Check the pump. If your home has a sump pump, test it to make sure it’s clean and operable and that the outflow is draining properly. Consider adding a battery-powered backup sump pump to keep the system working if the power goes out.
·    Stow your gear. When strong winds are forecast, secure patio furniture and other yard items or put them in your garage or a shed so they don’t become dangerous projectiles.
·    Cover up. Close and secure storm shutters if your home has them. Keep blinds and shades drawn, and tape or tack window coverings around the edges to help protect you from broken, flying glass. Tie thick blankets over vehicles that are exposed to the elements to diminish damage from hail.
If power outages are common in your area, prepare an emergency kit and keep it in a central location in your home.

Basic supplies should include:
·    Flashlight and fresh batteries
·    Battery- or solar-powered weather radio and/or transistor radio
·    First aid supplies
·    Hand sanitizer or wipes
·    Three-day supply of canned or dried food and water

The Federal Emergency Management Agency offers lists of additional emergency supplies and other preparedness tips on its site.

Article submitted by Brennan Purdy of State Farm Insurance

My vision is to be an insurance professional whose actions are driven by keeping the customer's best interest as my primary goal. My staff will treat all my customers in a caring, friendly, and professional manner. My office will provide warm, efficient, and seamless services to our customers at all times. I expect my business to be comprised of knowledgeable, multiple-line customers who see my office as their first and best choice for all their insurance and financial service needs

For more information on these and other home safety tips, stop by my office or visit www.brennanpurdy.com. My office is conveniently located in downtown Bethel. 203-798-7300.                   211 Greenwood Avenue , Bethel, CT 06801

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The Featured Home of the Week is at 125 Norton Road in Easton  for $1.4M. See the virtual tour HERE

Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like:

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUDY

This Week's Edition of National Real Estate News 4/16/2013 (Video)

This week's national real estate news update - Realtor market confidence is up, Changes are coming to credit scores and credit reports, why your home may not be selling,

Click to see more- about moving, home buying strategies and interest rates.

Click here for this months newsletter and our video news channel.

Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

Search for properties on any of our sites, or get the very best visibility available for your home. Visit us online wherever you like: Find out more about Judy here

www.CThomesAndRealEstate.com      www.TheCTrealtyBlog.com     www.TheCTRB.com    and   www.CTfeaturedHomes.com 

 Email us or  call Toll Free (855) GET-JUD