Connecticut BBB: Looking for a Fast Way to Sell a House?
Summary
Connecticut Better Business Bureau President, Paulette Hotton Scarpetti, warns people considering trading-in their existing home for a newly-built one to be careful.These can help when researching home prices, tax rates, and other factors such as proximity to transportation, schools and community growth plans.Because of the size of this investment, consumers should be fully aware of some of the pitfalls.”Here are a number of ways to protect yourself from problems with a house trade-in:Use a reputable builder: Always check out builders at www.bbb.org to see a Reliability Report free of charge, but homeowners also should confirm the builders meet state registration and licensing requirements with appropriate state licensing agencies.Evaluate the market: Homeowners should take into account current and projected market conditions around their existing property and new home to determine whether they’re getting a good deal or not.A number of free resources are available on city and county web sites, local realtors’ sites, and in newspaper archives and court records.These can help when researching home prices, tax rates, and other factors such as proximity to transportation, schools and community growth plans.Take hold of financing: Homebuyers must take into account the full cost of the purchase, including closing costs, legal fees and interest - to avoid being taken in by what appears to be a low price.It may be more profitable for the owner to wait for a housing market upturn.Contract concerns: As with any large purchase, it is always best to have a second or third pair of eyes go over the contract before signing.