Buyer's Guide

These are the first steps in the process of finding your new home:
Define what
you are looking for

While each buyer has a unique time frame and path to finding a home, there are steps everyone should consider at the beginning of their search...

Define your
budget

Before starting your home search, it is a good idea to speak with a Mortgage Lender and obtain a written preapproval letter for a loan. This is why...

Get the most out of your home previews 

While many buyers start their home search online, there is no substitute for visiting a home in person. Here are a few tips to keep in mind during your tour of homes...

The Role of your Real Estate Agent

It is important to understand the three types of Agency relationships when buying a home.
 
Buyer’s Agent: A Buyer’s Agent acts only on behalf of the buyer. A Buyer’s Agent’s fiduciary duties are to the buyer, which include loyalty, accountability, confidentiality, full disclosure, reasonable care and obedience to lawful instruction.

Seller’s Agent: A Seller’s Agent on listings acts only on behalf of the seller and has fiduciary duties to the seller, including loyalty, accountability, confidentiality, reasonable care, full disclosure and obedience to lawful instruction. A Seller’s Agent is required by law to disclose all information on property defects material to any transaction, which are known by the Seller’s Agent.
Dual Agency: Dual Agency occurs when a real estate company representing a buyer shows the buyer any properties that the company has listed and is acting as the Seller’s Agent. The real estate company may act as the agent of both the buyer and seller in a single transaction with the full knowledge and written consent of both buyer and seller. All fiduciary duties are the same, with the exception of disclosing confidential information to either the Buyer or Seller when representing both sides.

Signing a Buyer-Broker Agreement: When you sign a buyer-broker agreement, you have established a formal agency relationship with your agent. This contract insures that your agent has a fiduciary responsibility to you and will represent your best interests—not the sellers—in any real estate transaction. Without a buyer-broker agreement, an agent often is obligated to maintain loyalty to the seller’s needs.

Steps in the buying process

The Offer: Any offers you make will be conveyed to the listing agent by your BHS agent. Oftentimes, an offer will lead to...

Property Disclosures

One of the main purposes of a property disclosure statement is that it allows the buyer to learn as much as they can about...

Contract of Sale

Once an accepted offer is reached between the buyer and seller, a memorandum of terms is updated and sent to all parties, including...

Closing Costs in Fairfield County

Buyers and Sellers are each responsible for certain closing costs in the transfer of property...

Buyer’s Moving
Checklist

This checklist is a general reference and based on a closing that takes 60 days from accepted offer to closing...

Final Walk-Through
Checklist

The final walk-through gives homebuyers an opportunity to inspect a property before closing on the sale of a property. Here is a checklist...

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Lisa Stugart, a Greenwich-based real estate agent