Once we have an agreement on a price and terms, we put together a “Confirmation of Accepted Offer” which outlines terms of the deal. This is sent to the seller’s attorney for contract preparation.
It’s preferable to use a local CT-licensed attorney. Attorney will research property for outstanding permits, title discrepancies or restrictions and acceptable survey. They will also facilitate ongoing negotiations.
These may include:
Determine what issues need to be addressed by seller and incorporate into contract.
If you are getting a mortgage, upon receipt of counter-signed contract, your mortgage broker will set up an appraisal of the property.
Secure home owner’s insurance policy. You will be required to pay for the policy in advance of closing.
This is a pre-closing walk through inspection of the property one to two days prior to closing. Confirm agreed upon repairs were made, mechanicals in working order, condition of property the same as time of accepted offer etc. Some inspection companies will include this service in their original fee.