What You Need to Know About Houses for Sale in Windsor, CT
Residential Properties and Homes for Sale in Windsor, CT, Bloomfield, CT, and Surrounding Areas
Many steps and details have to be taken into account when buying a home. That’s why it’s a good idea to find agents who have a wealth of expertise, like our team at The North Star REALTORS®. We’re ready to share everything you need to know about houses for sale in Windsor, CT. We know about the housing market and will break down the buying process into easy-to-follow steps.
1. Determine Your Needs and Budget
Before searching listings, take time to define the type of house, neighborhood, and location that will work best for you. Consider what would make your dream home and if you can afford it. We can offer feedback and advice on your plan if required.
2. Get Pre-Approved for a Loan
Meet with a loan officer before considering any particular property for sale. That will give you a price range to consider. This step can be broken down into a few subsidiary steps, including:
- Get Pre-qualified
- Obtain a pre-approval letter
- Obtain a “Truth in Lending” letter explaining the costs of borrowing money
- Learn about the many loans available to buyers in today’s market
- Learn about closing costs
3. Search the Listings
Start looking through listings using your budget as a guide. Be candid with us, and we will use our resources and network to find homes that meet your criteria. You can then review them and schedule a tour. Keep in mind everyone involved in the purchasing decision should visit the house.
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4. Prepare an Offer
Once you’ve found your perfect house among the homes for sale, we’ll help you prepare an offer based on the market and the sale of similar houses. With your input, The North Star REALTORS® will draft a written offer that outlines the price and expectations of both parties. If the seller accepts, it becomes a contract. Make sure to review it before making the offer.
- If negotiations are necessary, we’ll work to ensure you and the seller agree on terms.
- All documents are sent to the title company where a file is opened and title commitment and property tax information ordered.
5. Apply for a Loan
Provide your loan officer with a copy of the contract and apply for a loan.
6. Inspect the Property
Protect your investment by hiring a professional to conduct a general inspection and pest inspection after the offer and loan terms are finalized. Depending on the location, we can also provide other environmental factors to look for.
7. Property Appraisal and Survey
The lender and Title Company arrange for an appraisal and survey. As the buyer, you receive a copy of the Title Commitment Letter. You then make arrangements for homeowner’s insurance and arrange for an insurance agent to talk with the company’s closing officer.
8. Seller’s Closing is Arranged
You receive a copy of the closing statement for review and do a final walk-through of the property. The REALTOR® arranges a closing date and time with you and the title company. The seller’s closing is also organized. You bring a cashier’s check for all closing costs and the down payment balance.
9. After Closing
We’ll prepare closing documents, and on the closing day, you sign all documents. The seller is paid, and you receive the keys. Congratulations, you’re a new homeowner!