Monday, June 1, 2009

Greenwich Real Estate News - Landscaping tips to Sell Your Home

If you are trying to sell your home, you know that much work goes into the process. You have repairs to do, an agent to hire, open houses to hold, plus all the future plans and packing for your new home. When trying to sell your home, the outside of the home matters as much as the inside. If a buyer does not like the outside they may not even bother coming inside. So here are some landscaping tips and advice to help you make your home look even nicer and ready to sell.

Ask your Greenwich real estate agent for advice
Real estate agents have experience with what buyers like and what may turn them off. They are a great resource in helping you to get the right curb appeal to sell your home.

Add some contain plants to decks and patios
These areas are right where a possible buyer will enter and leave your home, so having eye catching beautiful plants are a good idea. They may also lead the buyer to think about possibilities they could do with the home if they bought it.

Buy fresh mulch
This will help your place look inviting because everything will look new and attractive to a possible buyer. Plus, it does not cost that much and is easy to apply.

Add color plants both outside and inside
Adding color will help draw in a buyer’s attention and also makes the house look nice and well maintained. These are all things that will make a buyer feel more comfortable about looking at your home.

Repair faucet links and plumbing problems
If a buyer sees a faucet leaking even outdoors, they may be concerned about plumbing problems and other concerns and may pass up your home, so it is a good idea to make these repairs to not scare buyers off.

When selling your home it is a good idea to care about how the inside of your home looks, but the outside may be what attracts a buyer from the start, so it is important that the outside looks good too. With these landscaping tips, you may be on your way to a sale and on to your brighter new future in no time at all.

Greenwich Real Estate News - Exterior Staging


When you’re trying to sell your home, you know how important staging is. Potential buyers want to see a home’s potential. That means taking out clutter and a lot of personal decorations, such as family snapshots. Buyers need to be able to picture the home as their own.

The same is true of the exterior of your house. A cluttered, unfinished backyard can kill a sale as easily as a cluttered home can. One of the first things that a buyer will see is the front of the home. You can boost your curb appeal considerably by doing a little landscaping. Plant some shrubs or trim the ones already in place. Plant some colorful flowers (annuals are cheap and easy to plant). Make sure that walkways aren’t overgrown and that the grass is cut short. Watering regularly in the weeks before showing your home can assure a green lawn.

Space sells. That’s true not only inside your home, but outside as well. Move lawn furniture to create a more open look if you have a small yard. Clear clutter and cut down weeds. Put any children’s toys into storage, including pool toys and small climbers.

Putting in some new plants can also help you to set the stage for potential buyers. Be sure to label as many plants as you can—buyers will appreciate knowing what plants you are using. Many home and garden stores have blank stake labels that can be slipped into the soil next to the plant. Make sure any weeding and pruning is done before potential buyers arrive. Putting in some mulch can give flowerbeds a very fresh look, adding to the exterior value of your home.

Rent a pressure washer to clean off decks, lawn furniture, patios and walkways. Refinish the deck if needed. It doesn’t take long, but will drastically improve your chances of selling fast. If any lawn furniture is rusty or has chipping paint, scrape it down and apply some new paint. Arrange a seating area, clean off the grill, and even buy a new lawn piece or two, if needed. Your goal is to create an area that looks perfect for barbecues, get-togethers with family and friends, or even just lounging after a long day of work.

Part of staging the exterior involves working on the house itself. Clean any debris from the roof and clean out the gutters. Spray down the siding. Touch up the paint job if needed. Make sure windows are clean from the inside and out. Another thing to consider is how your yard looks from the inside of the house. Look out windows, and make sure that your yard is arranged for maximum impact. This is often the first impression buyers will get of the backyard—make it count.

Staging your yard shouldn’t take more than a weekend, but it can radically change the look of your home. While the front of the home, the curb appeal, is important, don’t overlook the ways that a few hours of work can perk up the rest of your yard as well.

Saturday, May 16, 2009

Real Estate Investment Tips

People may consider buying a property or piece of land and then making a profit from it by renting it out, using it as a time-share and sharing it with others or for other reasons. Whatever the case, there are certain things that need to be considered when making a real estate investment. Here are some real estate investment tips to help get you started. This way you can save time, money, worries, and get the most for your money in the long run and enjoy your future and your investment for a long time.

Think about your Goals
Consider your goals before making an investment. It is important to know and consider what you want to get out of your real estate investment. That way you can plan ahead as you pay mortgages and consider when you want to sell the property for a profit.

Pick a Good location
When making any investment, location plays a part, but when investing in real estate location is a big player. You want to pick a location that people are going to want to live in so you can make a profit. You can always make improvements but you cannot move a property.

Study the property well
If you find out all you can about the property, you will know whether it is a good or bad investment. Look into property records and pay close attention to details, they may cost you money or help you make money.

Learn Good negotiation skills
It is important that if you are going to invest in a property, you know how to negotiate well. Negotiating can help make you money or it can cost you money depending on how well a negotiator you are. Study tips from real estate agents and read all you can.

There is much to consider when investing in real estate. Making mistakes can cost you money, but avoiding those mistakes and investing wisely can help you to profit in a big way. These real estate investment tips will help you get started so you can enjoy your investment and your future profits.

Thursday, April 16, 2009

Tips for Renting Out your Home

The housing market is struggling right now in many areas and many sellers are finding it harder and harder to sell their homes. This means that many sellers are paying mortgages and payments for two homes if they already bought a new one or they are losing money by keeping their home on the market. One way that many sellers could avoid losing any more money and time, is to rent out their house. This may also serve as a tax cut for some people and can be a very wise idea in these times. Here are some tips for renting out your home to get you started.

Check if your property has rental restrictions
Some properties in some areas have certain restrictions about renting, so it is a good idea to check with the building and zoning authorities to see if your home has any.

Review your mortgage paperwork
Sometimes certain mortgages have rental restrictions while the mortgage is still active, so it is important to look to see if there are any and what they might be.

Interview possible tenants
It is a good idea to interview possible tenants while you are showing the property. It is also very important to ask for applications, security deposits and rental and credit history. That way you know your tenants are reliable and will pay the rent on time.

Walk tenants through your home
On the day your tenants plan to move in to the home, walk through it with them and make sure they sign a “property condition agreement” and report any problems they see with the property by a certain date. Otherwise you can charge them for damages done to your home after that date.

Every seller wants to of course sell their home for the best possible price. However, with the housing market down that may be tough and this way renting your house will bring some money in and you will not lose as much money. Plus your renters could be possible buyers in the future. This will help put your mind at ease and give you more confidence for selling in the future.

Saturday, March 14, 2009

Greenwch Real Estate News - Tools for First Time Owners


There are a lot of details to take care of when you are buying your first home. Paperwork, hiring a moving company, getting packed and preparing to move into your new home are probably at the very forefront of your thoughts, but there is one more thing you should be thinking about as you prepare to move in.

If you have been renting for the past several years, you probably have not had to do any repairs and haven’t had a lot of use for anything much more than a basic tool set. When you buy a home, that changes. All of the sudden, you are responsible for fixing everything from leaky windows to broken cabinets. A hammer and screwdriver just isn’t enough anymore. Before moving in, or within the first few weeks, you’ll want to go out and pick up some essential tools to keep around your home.

Start with a basic tool kit, and keep it someplace very convenient. You won’t want to run out to the garage every time you want to hang a picture or measure something. A basic tool kit contains a hammer, screwdriver, wrench, level and measuring tape. Better kits might have a few other small tools thrown in.

There are a few smaller, essential purchases that you’ll want to add to your tool collection, starting with a utility knife. These are super handy when you’re unpacking, but are also something that you’ll reach for often to help you cut everything from packaging to drywall. You’ll also want a variety of clamps, nails, screws and other fasteners. For quick repairs, pick up a bottle of wood glue. Many homeowners would also recommend a quality caulk gun, for resealing showers, cabinets, and any number of other areas around the home.

The worst time to realize that you need plumbing tools is when you really need plumbing tools. Right then, because the toilet, sink or shower is clogged or maybe you even have water coming up the drain. Pick up a couple of plumbing snakes (at least two different sizes—one larger and one smaller) and a few plungers. You’ll want one for each toilet, and then at least one more for use on sinks and showers.

Most power tools aren’t essential unless you’re tackling some big repairs, but there are two that every home owner should have. Start with a power drill. You will use it a lot when you are moving in, for hanging things on the walls, but it’s also something that will see a lot of regular use. Most homeowners use their power drill more than any other household tool. You will also want a saw, either manual or a table saw. You may not need it right away, but eventually you’ll be faced with a repair or remodeling project that will require a saw.

You’ll also want to pick up a book on basic home maintenance. A good book will explain painting, plumbing, drywall repair, and numerous other simple projects that most homeowners can handle on their own.

Thursday, March 12, 2009

Greenwich Real Estate News - After the Movers Leave

You bought a house, packed up all of your belongings, and hired a moving company. Now, you are standing in your new home, the movers are pulling out of the driveway, and you feel…

Overwhelmed. Everything you own is in a box, scattered around the house. Or, more likely, stacked in what will, someday, be your living room. So, where do you start?

First things first—you will need a place to sleep tonight, and so will your family. Set up the beds first. Ideally, you have all of the bed linens in one box, and it’s labeled and easy to find. Once the beds are set up, unpack all of your toiletries.

At this point, concentrate on getting boxes to the right rooms. Don’t start unpacking until all of the boxes have a home, and then tackle one room at a time. If you have wrapped your dishes in newspapers or something similar, they will need to be washed. Pop the first load into the dishwasher while you start on the bedrooms. Put dressers and other furniture back together, and start putting things away, one box at a time. Break down and stack empty boxes in an out of the way area when you’re done with them.

As the dishes finish up, start putting them into the cupboards. Your perishable foods should already be taken care of, but now you should start on the rest of it. It might take a little while to figure out how you want to organize your new kitchen. Remember that you can always change things around later; right now, you just need to get everything out of the boxes and in some sort of order in the cupboards. Unpack and put away appliances and anything else that belongs in the kitchen while you are at it.

Put together the rest of your furniture. Don’t worry too much about where it is going right now. Just make sure it is in the right room. Next, start setting up offices, entertainment centers, and other electronic areas. Before you begin setting them up, though, look for your outlets. There is nothing worse than getting everything all set, only to realize that the cord is just a little bit to short to reach a power source.

Start unpacking each room. Put books on shelves, stack toys into toy chests. This is the longest, and most frustrating part of the unpacking process. It probably seems like it will never end! It’s okay to take breaks, and to let this task stretch out over several days. Just remember to keep boxes waiting to be packed set out of the way, and to take care of the empty boxes as you clear them out.

Seasonal or seldom-used items can go into storage, without being unpacked. Carefully label each box before storing it, and then pack it away in the attic, basement, garage, closet, or where ever else you are using for storage.

Unpacking takes a while, a long while. Just remember to do it in small chunks and take breaks. Don’t think you need to have everything done within a day or two. Unpack what you need, and then unpack as you can after that, even if it is only a box or two a day.

Saturday, March 7, 2009

Greenwich Real Estate News - Becoming a Habitat for Humanity Homeowner

Many people have heard of Habitat for Humanity, but many people do not know exactly what the organization does or how becoming a homeowner for these homes actually works. The homes are not just given to the homeless, nor are they exactly free. If you are first time home buyer, you may want to look into the program as it may be a good idea for you and your family’s first home. Here are some tips on being a habitat for Humanity Homeowner to help make the process easier for everyone involved.

Ask your Greenwich real estate agent for advice
Real estate agents have experience with selling property and they probably know useful information about programs like these. They could help you figure out if this program may be a good option for you.

Applicants still have to go through a screening process for this program
This means that applications still need to meet certain qualifications such as low income guidelines, approval requirements, five hundred hours of sweat (working) equity, and pay mortgages, taxes, and insurance on the home.

This program is not government funded
Habitat for Humanity gets funds and help from the community, corporations, grants, and other organization donations

Mortgages are based on 30 percent of a home owner’s net income
Other conditions to becoming a homeowner include working on other homes first, maybe waiting up to five years to own a home, and they cannot be immediately resold for profits.

Donation of time and or money is required
Donating up to at least five hundred hours in building as well as supplies or money is a requirement to becoming a possible homeowner.

If you are first time buyer and do not have much income and would like to help out your community while helping out you and your family, then becoming a Habitat for Humanity homeowner may be just right for you. It may take time, but once it’s all finished and you can live in your new home, you will be proud of the work you did for yourself and your family for years into the future.

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Greenwich Real Estate - Buying A Home - Find Homes In Greenwich At InsideGreenwichRealEstate.com

BUYING A HOME:


1. Making the Decision to Buy:
The decision to purchase a home is often driven by the need for more space, the need to move to a new location or simply the desire to change one's life style. If you are unfamiliar with the area to which you are moving, the REALTOR you choose must make an effort to introduce you to the characteristics of the community and help you decide if this is a good match for your needs. Within any community there are variations by neighborhood, and these should become clear to you as you are shown properties in the community. By giving your REALTOR feedback, you can make the search process more efficient. If your REALTOR learns that you do not want to buy in a particular neighborhood, he or she will not show you properties there and will concentrate instead on those areas which interest you.


2. Selection of a REALTOR:
The selection of a REALTOR in a community such as Greenwich is made easier by the presence of the Greenwich Multiple Listing Service. Almost every real estate agent in the community is a member of the Greenwich MLS, which gives each REALTOR access to every property listed by every office in the membership. Therefore, it is not necessary to seek the services of more than one REALTOR.

In your selection of a REALTOR, you should look for someone with whom you are compatible. When you initially meet with a REALTOR, whether this is someone to whom you have been referred or someone you have randomly chosen, you will be asked to sign a buyer authorization form. Required by state law in order for the REALTOR to show you properties, provide you with information, and negotiate on your behalf, this agreement will state the time frame during which the agreement is in effect, the kind of property it covers, and the area of Connecticut in which it is effective. If you are uncomfortable making a commitment to a REALTOR, ask that the time frame be limited to a day, a week, a month or any time frame which you feel you need to determine whether you would like to work with this person. When you ascertain that the relationship is compatible, you can sign an extension of the time frame.

Since every REALTOR has access to the same properties through the Greenwich Multiple Listing Service, there is no need to use the services of more than one REALTOR concurrently. In fact, doing so can cause confusion to you and your REALTOR. Be sure that you have specifically described what you are looking for in a property and ask your REALTOR to introduce you to properties which most closely meet your criteria. Give feedback on properties that you are shown, so that your REALTOR can continue to refine the picture of what you need. If your criteria changes, communicate this to your REALTOR. For example, if you decide that a particular style of house does not fit your needs, let your REALTOR know so that houses of that style are no longer shown to you.

It is a REALTOR's responsibility to inform you of any material facts about a property which he or she knows. These facts would be things such a condition of roof, presence of wetlands on a property, a known change to a road which will impact the property, etc. It does not include information about the seller's reason for selling, who the neighbors are, etc. Your REALTOR may not know everything about the property's condition; that is why you will have a building inspection done before signing the contract to purchase.

When you have developed interest in a particular property, your REALTOR will be able to provide information about comparable sales in the area to help you determine value. Your REALTOR can arrange for you to visit the local schools, obtain information about programs available in the area and help you select the appropriate property.


3. Mortgage Pre-Approval:
You will contact a mortgage company or banking institution to understand what purchase price might be correct for you. Further understanding of your financial situation will allow the lender to issue you a "Pre-Approval" letter which stipulates that you have been approved for a mortgage up to a specific dollar value. This is a valuable asset for you during the negotiation process. If you are not familiar with the names of lenders in Greenwich, your REALTOR will be able to provide you with that information.


4. Finding the Right Property:
The search for your new home is truly a joint effort between you and your REALTOR. Be as open with your REALTOR as possible about your likes and dislikes. It is very important to tell your REALTOR what you like about each house you visit so he/she will begin to understand what you are looking for in the home you wish to buy. Between your input and your REALTOR's professional skills, the search will narrow until you ultimately find the "right" property for you.


5. Making an Offer to Purchase:
Once you have focused on one or two properties, your REALTOR will be able to provide you with market data on recently sold properties. This information will help both you and your REALTOR formulate your offer. Working with your REALTOR, you will be able to determine where you would initially like to start with your offer price. You should then develop a set of strategies, each dependent upon how the seller responds to your offer, so you do not end up "reacting" to any counter offer made by the seller.
The offer may include, but is not limited to the following:
  1. The Opening Offer Price that you are willing to pay.
  2. Financial Contingency requirements, amount of your mortgage and date by which you will receive a written commitment.
  3. The Closing Date upon which you will take ownership of the property.
  4. Inspection Contingencies (building, radon, lead paint, termite, well, septic, survey, etc.) usually termed "all physical inspections".
  5. Other Contingencies, if any, that are to be identified and included in a Contract of Sale along with dates if appropriate.
  6. Identification of the Inclusion and/or Exclusion of any "personal property" (washer/dryer, etc.).
  7. The date you will sign the contract and give 10% of the purchase price as earnest money.

This complete offer is then presented by your REALTOR to the Listing Agent for the property. The seller may respond in any one of the following manners:
  1. The seller may totally reject your offer without giving any counter offer.
  2. The seller may counter your offer with one of their own.
  3. The seller may accept your offer as it was presented.

Once a verbal agreement has been reached, a written "Offer to Purchase" is prepared by your REALTOR outlining the terms agreed to by you and the seller. This document is then transmitted to the Listing Broker and the attorneys of record.


6. Finalizing your Financing:
After an offer has been accepted by the seller the lending institution you have chosen will require an appraisal on the property to be mortgaged. The institution will send one or sometimes two appraisers to do a thorough inspection of the property to determine whether the property will qualify for the desired mortgage. Once the institution agrees to finance a particular property, they will issue a commitment letter whereby they agree to provide a certain dollar mortgage at a specific rate for a specific time and the buyer is assured the financing is in place.


7. Utilities and other details:
Your REALTOR will remind you about two weeks prior to closing that the appropriate utilities and services need to be notified in order to transfer the accounts to your name. These include, electric, gas, oil, propane, telephone and refuse. They may also include pool services, yard maintenance and more. During the same period the seller will be contacting the same providers to discontinue the same services. This transition needs to go smoothly to protect you from having to pay a "connection or hook up fee" because the service was completely terminated. Your REALTOR can help you with this, but the companies now require the new homeowner to initiate requests for service.


8. The Contract:
The seller will instruct their attorney to draw the Contract of Sale to include the terms agreed upon. Your agent will ensure that, at the same time, your attorney receives the necessary information so that he/she can begin their work and be prepared to receive and review the contract. Your attorney will review the contract from your perspective and insure that your interests are protected (such as including stipulations for delays, searching of Title, type of Title to be conveyed, cleanliness of the premises at the time of closing, etc.) The timing of this, dependent upon the complexity of the terms, should all take between five to ten days from accepted offer to signed contracts. You will normally be expected to submit an escrow check in the amount of 10% of the total purchase price (made out to the seller's attorney) with the signed contract.


9. Closing Day:
On the day of your closing, you and your REALTOR need to perform one last walk through of the premises. Together you will look to insure the property is in the condition is was when you signed the Contract of Sale. You will verify that the items to be included are present. You want to make sure the house and grounds are as specified within the contract and most important that there are no defects visible now which were previously hidden.

You (or in your absence, you power-of-attorney) will attend the closing - primarily to sign appropriate documents and deliver checks for appropriate amounts. If your situation dictates, you may actually meet with your lender immediately prior to the time of the closing to sign your mortgage papers. Between your REALTOR, your attorney and your lender you will be advised ahead of time of all the costs and fees associated with your closing.


10. Typical Home Purchase Costs:
  1. Points or loan origination fee.
  2. Adjustment of interest on loan from date of closing.
  3. Title Insurance (one-time fee required by banks).
  4. Credit check.
  5. Bank appraisal.
  6. Attorney's fee.
  7. Survey fee: If the property has not been surveyed, the lender to Title Insurance company may require a registered survey or plot plan showing the location of the dwelling(s) and the boundaries of the property, as well as easements and rights of way.
  8. Recording Fees: The buyer usually pays the fee for legally recording the new deed and mortgage.
  9. Homeowners Insurance: Proof of a current policy is necessary at closing. Adjustment costs paid to the seller at closing (where applicable)
    1. Buyer's share of pre-paid property taxes.
    2. Heating oil or gas remaining in tank(s).
    3. Association dues.
    4. Sewer service charge.
  10. Inspections made of the property (normally incurred prior to closing) which may have been performed at the request of the buyer, pest, structural, radon, lead based paint, well, septic, etc.
  11. Private Mortgage Insurance (PMI) if financing more than 80%. Tax escrow, if necessary.

Greenwich Real Estate - Selling A Home - Greenwich Homes For Sale At Inside GreenwichRealEstate.Com

SELLING A HOME:


1. Selecting a REALTOR:
Choosing a REALTOR is the first step in the home selling process. The selection of a REALTOR in a community like Greenwich is made easier by the presence of the Greenwich Multiple Listing Service. Almost every real estate agent in the community is a member of the Greenwich MLS, giving each REALTOR access to all properties listed in the MLS. You could start the search by asking your friends or your attorney to recommend a good candidate for you. Although a Real Estate company's reputation is important, your relationship will be with the Agent himself/herself. The REALTOR you choose should be a full time agent with broad experience and total knowledge of the market.



2. Preparing Your Home for Sale:
Everything in your home needs to be looked at through the "eyes" of the buyer. Your REALTOR should be able to help you with this. They will suggest things to be done to the property to ensure the highest price, such as painting (interior and exterior), removing valuable objects and "decluttering", having the windows washed, gutters cleaned and making other minor repairs that may be necessary. You should expect your Agent to be very frank with you about what your home may need to facilitate a timely sale.


3. Documents and Marketing Program:
Once you select a REALTOR you will be requested to sign a listing contract, a Greenwich MLS data input form, a State of Connecticut "Residential Property Condition Disclosure Form", and a U.S. Environmental Protection Agency Disclosure Form regarding lead based paint hazards (for properties built prior to 1978). Your Agent will review these documents with you, and if you care to seek legal advice, then do so before signing. Selling your house is disruptive and can be intrusive into your every day life, but your agent will work hard to minimize this.


4. Broker Open House:
The listing REALTOR of your property will schedule an Open House for the other REALTORS who are members of the Greenwich MLS so they may preview it. This helps REALTORS determine which of their customers might be interested in viewing your house. The Open House schedule in Greenwich is specific to certain times and sections of town allowing REALTORS to see as many Open Houses as possible in the given time frame. At the Open House the listing REALTOR will provide information, such as the listing itself and plot plans, and is available to answer questions about the properties.


5. Showing the Property:
The REALTOR will acquaint you with the various means by which a property can be shown. First, there is the installation of a keybox. This method allows the greatest access, because the only scheduling required is for the REALTOR showing the property to confirm with the homeowner that it is convenient to bring a prospective buyer over for a showing.

Somewhat more restrictive is the method by which the listing REALTOR alerts MLS members that a key to the property will be held at the listing office and a confirmed appointment would need to be made through the office.

The most restrictive method of showing is to require the listing REALTOR be present at the showing. This requires more scheduling between the homeowner, the listing REALTOR and the REALTOR who wishes to show the property to a client.


6. Considering an Offer:
When someone is interested in your property they will make an offer to purchase through their REALTOR. Your REALTOR will take you through this process. Some terms which may be included in the buyer's offer are:
  1. The offer price the buyer is willing to pay.
  2. The mortgage contingency requirements, amount of mortgage they are seeking and the date by which they will receive a written commitment removing the contingency.
  3. The closing date upon which Title and ownership of the property will be transferred to the buyer.
  4. A list of the inspection contingencies and when they will be lifted.
  5. Other contingencies (i.e. sale of home, etc.)
  6. Inclusions and/or exclusions of any "personal property" which may be a condition of the purchase.
  7. The date by which the contract will be signed and the buyer will provide 10% of the purchase price.
Once you and the buyer reach an agreement of the "terms and conditions" for the purchase, an "Offer to Purchase" is prepared by your REALTOR outlining the agreed upon terms. This document is then transmitted to the attorneys for buyer and seller.


7. The Contract Process:
The seller is responsible for having the attorney draw the Contract for Sale which will include the agreed terms and conditions. The buyer will normally be expected to submit an escrow check (made out to your attorney) with the signed contract, usually in the amount of ten percent of the total purchase price. The contract is typically a Greenwich Bar Association contract which will contain every detail and a schedule of inclusions and exclusions as agreed upon by both parties. The Seller Disclosure Form is also delivered as part of this package. After the buyers have signed the contract, it is returned to your attorney with the escrow check. Your attorney will then go over the contract with you and you will sign it.


8. Before Closing Day:
Near to the date of your closing the buyer's REALTOR and the buyer need to perform one last walk-through of the premises. Together they will ascertain that the property is in the condition it was when the Contract of Sale was signed. They will verify the items which were to be included are present. They will determine whether there are any defects visible now which were previously hidden. If any of these are found, you may need to be prepared to adjust for these costs at closing.


9. Closing Day:
You (or in your absence, your power-of-attorney) will attend the closing - primarily to sign appropriate documents and deliver checks for appropriate amounts. Between your REALTOR and your attorney you will be advised of all the costs and fees associated with your closing.


10. Costs Associated with Selling a Home:
Attorney's fee:
  1. Town of Greenwich Conveyance Tax ($2.50 per $1,000 of Sale Price). State of Connecticut Conveyance Tax ($5.00 per thousand up to $800,000 and $10.00 per thousand of $800,00).
  2. Survey Fee: If the property has not be surveyed, the Lender or Title Insurance Company may require a registered survey or plot plan showing the location of the dwelling(s) and the boundaries of the property, as well as easements and rights of way. This might fall on the seller's shoulders.
  3. Adjustment costs paid to the seller at closing (where applicable):
    1. Buyer's share of pre-paid property taxes.
    2. Heating Oil or Gas remaining in tank(s).
    3. Association Dues.
    4. Sewer Service Charge.