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A: Why use a Connecticut Mortgage Broker?
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6. Presenting Your Offer >>
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known as a Purchase and Sale contract extension. The seller may want assurance that you are working in good faith and may ask for an increase in the deposit or some other concession from you. If you put contingencies into a Purchase and Sale contract, make sure you meet the requirements or risk losing the home to another buyer.
At Acorn Home Mortgage we recommend that you get prequalified for a Connecticut home loan in advance and try to stay within the maximum limits that we determine together. Contact us if you want to exceed this limit and let us discuss the situation before you make an offer on a home.....please!
Choosing a Home Inspector
While your favorite Uncle or a contractor can check over the structural and foundation of the building, they typically aren't well trained for all of the major systems in the home -- wiring, plumbing, heating, etc. Also, contractors typically are not familiar with older systems since they usually deal with new construction.
The National Institute of Building Inspectors (NIBI) recommends the following guidelines for choosing an inspector:
Make sure the inspector is certified by a reputable training institute (such as the NIBI), which requires annual re-testing
Make sure a written report, including a summary, is provided.
Check insurance coverage. It should include general liability, worker's compensation and especially Errors and Omissions insurance, which is comparable to malpractice insurance.
Get a guarantee. A qualified inspector should be willing to provide a written guarantee to back up his inspection findings.
Avoid a conflict of interest. Professional home inspectors who also are part-time contractors should be avoided, since every home defect found presents an opportunity for a repair.
Closing the Sale
A few days before the escrow period is scheduled to close, the buyer has a right to inspect the home, looking for any changes that may have occurred since the Purchase and Sales contract was signed. They buyer will want to make sure fixtures, appliances, window coverings, and other agreed upon items are still in place and that all are in good working order.
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