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Buying a Generator

Jen Schwartz — Sun, 05 Sep 2010 13:01:40 +0000

An increase in storm activity throughout New England has put disaster preparedness on the minds of many Connecticut residents. Hurricanes, ice storms, tornadoes and the power outages they cause have accounted for significant property damage and put citizens at risk. While the Red Cross and other relief organizations recommend an emergency plan and a three-day supply of food and water, homeowners may also want to consider adding backup power to that list.

The following information on generators is offered by ConsumerReports.Org:

We tested 15 generators to help you prepare for blackouts. Many are better and safer than before, but refueling some generators could be a challenge during an outage.

Generators: better, beefier choices

Wheeled, portable generators are the biggest sellers. But you might need plenty of fuel on hand, since filling stations often shut down during blackouts and most home-sized models use 12 to 18 gallons of gasoline per day. You’ll also need to preserve that fuel with stabilizer and store it in a well-vented shed or other area, away from the house and any ignition source.

One portable, the Northstar 8000TFG, can use a liquid-propane tank with several days’ supply or a natural-gas line. But at $2,000, it’s pricey for its wattage.

Stationary, outside-mounted generators are a growing alternative, since they run on propane or natural gas and supply more power. Kohler’s $3,700 12RESL delivered more than 10,000 watts and costs less than many in its class.

Our wattage calculator, which provides an average wattage rating for most common electricity-using household appliances and devices, will help you tally your needs.

How to choose

Portable models we tested claimed between 2,800 and 6,600 watts—enough to power plug-in appliances and lights, but not nearly enough for heavy power drains like central air. Add up the watts for the items you need. Then check our videos with buying advice and safety instructions for generators. Figure on $500 to $1,000 for installing stationary generators and, for all types, at least $500 for a power-transfer switch to power hardwired circuits and avoid having to run extension cords.

Also remember that manufacturers often overstate run time for gasoline models by basing

2nd Quarter Home Sales in Westport down from 2009, but still shows good activity…

Danna Rogers — Mon, 28 Jun 2010 00:52:17 +0000

Westport, CT: 2010 2nd Quarter Home sales : Address	List Price	Sold Price
3 SHADOWLAWN DR	$459,000.00	$459,000.00
8 OAK ST	$499,000.00	$482,000.00
56 WASHINGTON AVE	$505,000.00	$470,000.00
7 OVERRIDGE RD	$525,000.00	$512,000.00
15 MAPLE SOUTH AVE	$534,000.00	$480,000.00
12 LOREN LN	$539,000.00	$525,000.00
1 LYNDALE PARK	$564,300.00	$515,000.00
1 MARION RD	$599,000.00	$600,000.00
17 JENNIE LN	$613,900.00	$600,000.00
38 BAUER PLACE EXT.	$695,000.00	$662,500.00
28 REICHERT CIR	$699,900.00	$655,000.00
20 DOVER RD	$725,000.00	$685,000.00
2 BLUE RIBBON DR	$749,000.00	$640,000.00
4 FRANKLIN AVE	$749,500.00	$749,500.00
12 EDGE HILL LN	$799,000.00	$750,000.00
6 HAZELNUT RD	$819,000.00	$801,000.00
10 TAMARAC RD	$830,000.00	$810,000.00
4 BARRY LN	$849,000.00	$825,000.00
6 FRANKLIN AVE	$849,000.00	$815,000.00
10 COLONY RD	$899,000.00	$870,000.00
19 HITCHCOCK RD	$899,000.00	$876,000.00
2 ULBRICK LN	$945,000.00	$885,000.00
11 SALEM RD	$949,000.00	$910,000.00
25 DANBURY AVE	$1,025,000.00	$958,000.00
17 CARDINAL LN	$1,025,000.00	$975,000.00
4 PLUMTREE LN	$1,175,000.00	$1,245,000.00
10 SPRUCEWOOD LN	$1,195,000.00	$1,070,000.00
246 NORTH AVE	$1,199,000.00	$1,100,000.00
10 MANITOU RD	$1,265,000.00	$1,150,000.00
9 WOODSIDE LN	$1,275,000.00	$1,275,000.00
9 HARBOR RD	$1,275,000.00	$1,145,000.00
40 DANBURY AVE	$1,299,000.00	$1,000,000.00
1 HARBOR RD	$1,399,000.00	$1,275,000.00
20 SANDY HILL TER	$1,399,000.00	$1,340,000.00
2 RUSTIC LN	$1,399,000.00	$1,310,000.00
46 HILLSPOINT RD	$1,448,000.00	$1,330,000.00
173 CROSS HWY	$1,500,000.00	$1,225,000.00
17 EDGEWATER HILLSIDE	$1,545,000.00	$1,450,000.00
150 HILLSPOINT RD	$1,549,000.00	$1,507,500.00
6 PADDOCK LN	$1,650,000.00	$1,630,000.00
61 S BERMUDA RD	$1,699,000.00	$1,500,000.00
4 TIMBER LN	$1,999,000.00	$1,962,500.00
29 SILVER BROOK RD	$1,999,999.00	$1,950,000.00
12 WOODHILL RD	$2,099,000.00	$1,975,000.00
38 MAPLE AVENUE SOUTH	$2,149,000.00	$2,055,000.00
51 PARTRICK RD	$2,150,000.00	$1,850,000.00
5 GREYSTONE FARM LN	$2,250,000.00	$2,200,000.00
6 BUTTONWOOD LN	$2,395,000.00	$2,300,000.00
11 GAULT PARK DR	$2,395,000.00	$2,200,000.00
9 MANSFIELD PL	$2,485,000.00	$2,375,000.00
37 JENNIE LN	$2,695,000.00	$2,570,000.00
62 CLAPBOARD HILL RD	$4,500,000.00	$3,985,700.00
21 TURKEY HILL CIR	$5,699,900.00	$5,421,000.00

Fairfield County Tennis Clubs

Laura Lander — Sun, 13 Jun 2010 02:35:04 +0000

Tennis is a favorite pastime for many in Fairfield County. In addition to town courts there are private tennis clubs which offer USTA tournaments, clinics, club leagues plus seasonal and daily court rentals. Whether you are looking for a highly competitive club or some laid back social tennis you will be able to find yourself the perfect match in the list below.

Westport Tennis Clubs:

Sylvan Tennis Club, 26 Sylvan Road S, 203-227-8933 Sylvan is a small club with 2 indoor Har-Tru tennis courts. Seasonal and open court rentals, clinics and private lessons.

Westport Tennis Club, 1696 Post Road East, 203-255-3481 Westport is another small club with 4 indoor Har-Tru tennis courts. Seasonal and open court rentals, USTA leagues, junior programs, clinics, private instruction, summer programs. For more information visit westporttennisclub.com

Weston Tennis Club:

Weston Racquet Club, 405 Newtown Turnpike, 203-226-3349 Weston has 6 indoor Har-Tru courts and 3 outdoor Har-Tru and 3 outdoor Hard courts. Seasonal and open court rentals, junior programs, clinics, private instruction, USTA leagues, club leagues, Quickstart Tennis and child care.

Wilton Tennis Club:

Four Seasons Tennis, 589 Danbury Road, 203-762-2423 Four Seasons is the largest of all the clubs with 11 indoor and 13 outdoor Har-Tru courts. Seasonal and open court rentals, junior programs, clinics, private instruction, USTA leagues, club leagues, Cardio Tennis, child care and summer camp programs. For more information visit 4seasonstennis.com

Fairfield Tennis Club:

Fairfield Indoor Tennis Club, 15 Old Dam Road, 203-254-0440 Fairfield has 5 Championship courts with soft green surface. Seasonal and open courts, clinics, private instruction, junior programs, leagues and child care. For more information visit Fairfieldindoortennis.com

Norwalk Tennis Club:

Intensity Fitness and Tennis Club, 490 Westport Ave, 203-853-7727 Intensity has 6 hard Nova cushioned indoor air-conditioned courts. Seasonal and open court rentals, junior programs, junior tournament coaching, clinics, private instruction, USTA leagues, summer programs. For more information visit intensityclub.com

Stamford Tennis Clubs:

Shippan Racquet Club, 45 Harbor Drive, 203-323-3129 Shippan has 6 air conditioned championship hard courts. Seasonal and open court rentals, junior programs, clinics, private instruction, USTA leagues and child care. For more information visit shippanracquet.com

Stamford Indoor Tennis Club, 23 Radio Place, 203-359-0601 Stamford has 6 indoor air conditioned hard courts. Seasonal and open court rentals, junior programs, clinics, private instruction, USTA leagues, summer programs, junior tournament coaching. For more information visit stamfordtennisclub.com

Darien Tennis Club:

King’s Highway Tennis Club, 98 Old King’s Highway N, 203-655-8769 King’s Highway has 6 indoor hard courts with tru-bounce surface and 4 of the courts are air-conditioned. Seasonal and open court rentals, junior programs, USTA leagues, private instruction, Quickstart, leagues and child care. For more information visit kingshwytennis.com

Trumbull Tennis Clubs:

Trumbull Racquet Club, 35 Lindemann Dr., 203-374-8622 Trumball has 6 air conditioned hard courts. Seasonal and open court rentals, junior programs, clinics, private instruction, USTA leagues and child care. For more information visit trumbullracquet.com

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Weekends in Westport, CT

Danna Rogers — Sat, 05 Jun 2010 02:16:23 +0000

Weekends in Westport…

If you are looking for some ways to fill up your summer weekends in Westport, check out these events and activities:

ABBA at the Levitt Pavilion: June 19th

Direct from Sweden, ARRIVAL is the only show in the world with the exclusive rights to re-create the true ABBA experience. From their costumes to their music, ARRIVAL has been transporting sold-out venues across the globe to the pinnacle time of ABBA’s greatest live shows! Get ready to dance to hits like “Dancing Queen”, “Mamma Mia”, “Take a Chance on Me” “Fernando”, “The Winner Takes It All”, “Knowing Me Knowing You” and more! www.levittpavilion.com

Westport’s Annual Sidewalk Sale: July 9-11^th

Most of the local merchants on Main Street and along the Post Road offer merchandise at extremely reduced prices; clothing, shoes, housewares and jewelry.

Fine Arts Festival, Westport: July 17-18^th

In the heart of downtown Westport along the Saugatuck River, you will find original paintings, sculpture, food, and entertainment. This is a great family (and dog) friendly activity.

Take the Family for a Kayak adventure:

The Longshore Sailing School offers kayak rentals directly on their beautiful waterfront location. Whether your group consists of experienced kayakers or those new to the sport, Longshore can create a program specifically for your group, or you can just go on a casual adventure on your own. They can set up fun kayak relay races and kayaking water games too. They have experienced instructors for those who need instruction. For more information: www.longshoresailingschool.com

Live Music at Bobby Q’s: Friday and Saturday Nights

Bobby Q’s is one of downtown Westport’s newer gems. They have been rated “Best of Gold Coast” by the readers of Westport Magazine, voted Best BBQ – Fairfield County by readers of Connecticut Magazine, and featured on the Food Network. All summer long they have great rock and blue bands on their rooftop, grab some ribs and a beer and check out some fun music. www.bobbyqsrestaurant.com

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Considering Solar Power For Your Westport Home?

Jen Schwartz — Wed, 26 May 2010 18:48:01 +0000

As homeowners and businesses throughout Fairfield County search for ways to reduce their dependence on fossil fuel, consumers are turning to consultants for advice and management services. Westport Solar Consultants is a Westport firm offering such sevices:

Westport Solar Consultants, LLC

Westport Solar Consultants is a consulting firm focused on solar energy and the design of solar photovoltaic (electric) and solar hot water systems. We consult to homeowners, businesses and municipalities, interested in using solar energy as a means of generating electricity and hot water

We often partner with architects, builders, and developers to lend our expertise in orchestrating solar system designs as well as a project management services. We specialize in the architectural integration of solar energy systems into buildings.

Westport Solar Consultants acts as a sole representative of our clients throughout each stage of the project cycle, including: System Design; Construction Documents and Specifications; Bidding and selection of the appropriate solar system installer; Application for the state funding programs and oversight of the system installation. Our services include the following:

· Solar Feasibility & System Design

· Construction Documents and Technical Specifications

· Installer Selection, & Application for Funding

· Management of PV System Installation & System Commissioning

For additional information or to schedule a free consultation please contact:

Mark Pizzi

Ph: 203-216-7439

e-mail: mark@westportsolar.com

John Rountree, AIA

Ph: 203-227-1766

e-mail: john@westportsolar.com

Web Site: www.westportsolar.com

Boating on Westport’s Long Island Sound

Elizabeth Steffen — Mon, 24 May 2010 16:46:14 +0000

People are drawn to Fairfield County for many reasons. One of the draws is the beautiful Long Island Sound coastline and the many water activities that can be enjoyed during the season. From Westport’s Compo Beach, one can sit and watch the multitude of different types of boats parade in and around the harbor or watch them anchor out at neighboring Cokenoe Island. Ever wonder how you can get involved in boating? Here are a few tips.

Longshore Sailing School

Longshore Club Park

260 Compo Road South

Westport CT 06880

203-226-4646

Walk-in or reserve ahead of time all types of boats from kayaks to sailboats. Your boat will be set up and launched from the shore by the staff.

Westport Outfitters

609 Riverside Ave

Westport CT 06880

203-341-9490

Whether a novice or experienced angler, Westport Outfitters offers both individual and group lessons in all types of fishing from salt water fly casting to deep water. They also offer unforgettable full or half day fishing expeditions led by experienced captains.

Saugatuck Rowing Club

521 Riverside Ave

Westport CT 06880

203-221-7475

The Saugatuck Rowing Club is an exceptional rowing club which offers extensive rowing programs to all levels and ages from novice to Olympic bound athletes. The club is set on the shore of the Saugatuck River complete with a fitness club and a fabulous restaurant.

Rex Boating Club

144 Water Street

South Norwalk CT 06854

203-866-5555

Want all the fun of boating without the hassle and costs of boat ownership? Maybe Rex Boating Club is the answer for you! Rex Boating Club delivers all the fun at about one third the cost of owning a boat. The club makes boating easy. They have different programs to meet the needs of just about everyone wishing to enjoy a boating experience. All you have to do is arrive at the dock ready for an adventure out on the water!

Lower Fairfield County Golf Courses

Laura Lander — Sun, 16 May 2010 01:20:56 +0000

Lower Fairfield County has many challenging golf courses to choose from. All courses are picturesque and some even feature Long Island Sound views and breezes. Wherever you choose to tee-off in Fairfield County you will find yourself coming back to enjoy local golf courses again and again.

Stamford, CT Public Golf Courses:

Sterling Farms Golf Course located at 1349 Newfield Avenue was renovated in 2005 and features 18 holes and a par 72 course. Sterlings Farms is consistently rated as one of Fairfield County’s finest public courses. Additionally there is a heated driving range and The Royal Green Restaurant is on site for lunch, dinner or drinks. To book an online reservation and to find out more information visit sterlingfarmsgc.com or call 203-461-9090

E Gaynor Brennan Municipal Golf Course located at 451 Stillwater Rd was once privately owned. This public course has 18 holes with a course rating of 71.1 and is a par 71 course. Voted “Best Places to Play” in Golf Digest 2008/2009 Brennan’s is another wonderful course in Stamford. Also on site is Zody’s 19^th Hole Restaurant. To book an online reservation visit brennangolf.com or call 203-356-0046

Norwalk, CT Public Golf Course:

Oak Hills Golf Course located at 165 Fillow Avenue features 18 holes with a course rating of 70.5 and a par of 71. At the tenth tee you will find the “Tenth Tee Snack Shack” and if you are interested in more formal dining you can visit Quatro Pazzi Restaurant. To book an online reservation visit oakhillsgc.com or call 203-838-1015.

Westport, CT Public Golf Course:

Longshore Golf Course is located at 260 Compo Road South with views of The Long Island Sound. This 18 hole/Par 69 course was renovated in 2007. In addition to the course there is a practice range and two practice putting greens. After your round stop at Splash Restaurant and bar for waterfront dining. To book an online reservation visit longshoregolf.com or call 203-341-1833.

Fairfield, CT Public Golf Course:

Fairchild Wheeler Public Golf Course located at 2390 Easton Turnpike features two 18 hole golf courses. The Red Course features a par 72 with a course rating of 71. The Blue Course features a par 71 and a course rating of 71.5. Snack bar and Grill on site. To book an online reservation visit fairchildwheelergolf.com or call 203-373-5911.

H. Smith Richardson Public Golf Course located at 2425 Morehouse Highway features an 18 hole, par 72/73 Championship Golf Course. Additionally there is a 250+ practice range with 20 hitting bays. Also on site is Andrew’s Restaurant. To book an online reservation visit hsrgolf.com or call 203-255-7300.

South Pine Creek Golf Course located at Old Dam Road is a 9 Hole Par 3 golf course which sits a short walk away from Fairfield beaches. Pine Creek is the perfect course for beginners, seniors or experience players who want to enjoy a short course and Long Island Sound breezes. For more information call 203-256-3173

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Summer in Fairfield County…

Danna Rogers — Sun, 02 May 2010 00:33:43 +0000

A Few Fun Things To Do This Summer in Fairfield County:

There are always fun things to do in Fairfield County, running, kayaking, plays and music…here are just a few:

“Rites of Spring” Outdoor Dance Festival: Sunday May, 16, 2010 at 3PM, Weston Town Hall Green

Buddy Guy featured at the Fairfield Theatre Company Klein Auditorium, Wednesday, May 19, 2010 at 8PM, www.fairfieldtheatre.org

Dinner With Friends and the Westport Country Playhouse, running June 1-June 19, 2010. For information and ticket sales www.westportplayhouse.org

Discovery in the Garden Tour, a self guided tour of five distinct private gardens in Greenfield Hill and Southport, followed by a catered banquet. Friday, June 4, 2010, 10AM-4PM. Call the Discovery Planetarium for more information, (203)720-3521

“Arrival: The Music of ABBA”. ABBA’s foremost tribute band featured at the Levitt Pavilion in Westport, Saturday, June 19^,2010 at 8PM. Call (203)226-7600 or www.levittpavilion.com

Westport Roadrunner’s Summer Series, starting July 3, 2010 at Staples High School at 7:30 AM, go to www.westportroadrunners.org for schedules and information.

Kayak for a Cause, Kayak across the Long Island Sound starting in Norwalk to make a difference for five worthy charities in our community: Save the Sound, Maritime Aquarium, Outward Bound, Builders Beyond Borders, and Canine Companions, July 24, 2010. www.kayakforacause.com

DNR, Fairfield County’s all-physician rock band, Friday, July 23,^,2010 at 8PM, Call (203)226-7600 or www.levittpavilion.com

First Quarter 2010 Home Sales: Easton, Fairfield, Weston, Westport and Wilton

Laura Lander — Fri, 16 Apr 2010 14:11:43 +0000

Real Estate Market Statistics

First Quarter 2010 - January 1 - March 31

Town	Active Listings	Avg. List Price	Sold Listings	Avg. Market Time	Avg.List Price	Avg. Sale Price	SP:LP Ratio
Easton	90	915,973	10	150	696,260	644,200	92
Fairfield	556	1,087,617	82	96	716,270	669,947	93
Weston	143	1,496,364	25	150	887,303	807,124	90
Westport	365	2,228,397	40	89	1,107,768	1,031,742	93
Wilton	169	1,207,423	21	132	920,995	857,581	93

The first quarter of 2010 compared to 2009 showed a decrease in inventory for all the towns. For example, Westport had 411 listings on the market in the first quarter of 2009 and this year only 365. The number of listings sold was also up for all the towns. Weston saw the largest percentage increase going from only 9 listings sold last year to 25 listings for first quarter 2010. That is a lot of good news for the Fairfield County Real Estate Market – lower inventory and more homes sold!

Legal Questions Regarding Your Real Estate Transaction

Danna Rogers — Sat, 27 Mar 2010 01:11:51 +0000

Buying and selling a house in Fairfield County, CT can involve a lot of legal issues. We asked an expert, Jeremy Vishno, of the Vishno Law Firm (www.vishnolawfirm.com) in Fairfield and New Haven CT about some frequently asked questions regarding both buying and selling a home:

Why is it important to use an attorney for a real estate purchase?

An attorney is the only protection you will have during this process, to explain and to enforce your rights. A real estate agent’s job is to bring parties together and put the pieces in place to move toward a closing, providing guidance along the way. Only the attorneys can assure that those pieces are ultimately in the proper form, protecting each side. A purchase or sale of real estate is typically the single biggest transaction in someone’s life. The documents are not straight forward, and neither are the rules. Moreover, every lender will require that an attorney handle the transaction for the purchaser, representing both the purchaser and the lender (A buyer can hire a personal attorney in addition to the bank’s representation, but will have to pay for both. In other states the buyer is often required to pay for separate lawyers-1 for the bank, 1 for personal representation. Connecticut’s custom is for one attorney to represent both-As lender counsel to ensure the documentation is done properly and funds handled securely; as buyer counsel to ensure the contract is enforced, and that the buyer gets what is expected under the contract).

What are the charges I should expect from the lawyer’s office?

Legal fee (covers attorney, paralegal and administrative staff charges) based on complexity of the transaction and needs of the client.
The Title Search usually passes through an outside searching entity with a charge typically around $175-$350 if municipal records searches are indicated. The Title Insurance cost is set by statute and based upon price of property and loan amount. This is a onetime charge at the beginning of each loan, though reduced for a refinance if there was an original policy in place.
Courier, wire or other charges transactional or documentation charges incurred for the transaction

What happens to my deposit if there is a problem with: the inspection, my financing, my job, my health?

If the contract calls for a refund for failure of a contingency, and the contingency is not met in time, on proper/timely request, the money is returned, with the exception of a document preparation fee to the selling attorney (if stated in the contract). The biggest catastrophe is where the time for canceling the deal passes and the buyer loses his/her job and cannot close. The deposit is fully at risk, but there are certain circumstances where part could be retrieved: the seller may have an obligation to attempt to sell the property to “mitigate” (reduce) the damage from the lost sale. If the new sale generates close to the same net return to the seller, the buyer may be entitled to a return of deposit funds

Is the binder I signed with my broker binding?

In Fairfield County, the standard and custom is that the binder does the following: stops the seller from agreeing to a better deal, unless the buyer does not move toward contract as called for in the binder; obligates the buyer to take good faith steps to move to a contract. A binder is almost entirely unenforceable by either party, unless bad faith can be shown, which is very difficult and costly to prove. The formal contract drafted by the seller’s attorney, once signed by both parties, with deposit paid/collected, is the only truly binding document, and its terms dictate the path the transaction must follow, absent a written agreement to change it.

Explain the process of acquiring Title Insurance? Why is it important?

Every lender requires Title insurance. It is regulated by state statute, and priced according to the purchase price and loan amount. It is required by every lender to protect their mortgage security position on the land records, and critical to insure the owner’s interest as well. The buyer’s attorney must file documents on the land records. The mortgage filing with the Town Clerk is the method by which the world knows that a lender has a security interest in the property so that on sale, they get paid first. Even though a title search will be performed to review the land records for the property, not every problem can be found in that process, including big ones. Title insurance insures that there are no historical problems with the security interest the lender has on the property. Likewise, Title Insurance insures that the owner of the property has protection of the equity after the mortgage loan is accounted for. It does not protect against a drop in the value of the property. It does include potential future claims that are not historical in nature. Issues that can arise that are not immediately apparent from a title search are: claims by neighbors regarding boundary lines, encroachments of buildings/out-buildings or pavement, rights in and to water supplies, rivers, ponds or drainage, easements and sharing agreements on private roads and beaches, to name just a few. If there is ever a claim against the status of, ownership of, title to or rights in the property, the title insurance company provides a defense, or even payment if the case is lost.

What should a buyer bring to a closing? A seller?

Each transaction is different because each lender has differing requirements for their loans. Some must haves, however:

Buyer:

- Driver’s License or other form of Official Photo I.D. and Checkbook

- A written list of questions for your attorney or for the seller (where are keys, garage door openers, alarm codes, warranties/manuals, service contracts)

- All documentation you have from the transaction (best to start a folder right from the outset)

Seller:

- As a courtesy, all keys, codes, brochures, pamphlets, warranties, manuals, service contract and service provider contact information is a good way to pass along good karma.

- Documentation of any repairs that were required from the inspection or by agreement, which should always be by a licensed and insured contractor, rather than Uncle Joe or a neighbor.

How can a seller protect themselves from a buyers backing out of a sale in between contracts and closing?

A buyer can back out of a sale if there is a failure of a contingency that was included in the contract (inspection was unsatisfactory/financing fell through/seller failed to do what was required under the contract terms). This is also a breach of the sales contract. The most important things a seller can do to protect themselves

1) Work with a highly ethical and competent team of real estate professionals, starting with the Real Estate Agent, and very closely followed by an Experienced Real Estate Attorney.

2) Once your team is in place, and an offer has been made, only accept an offer from a bona fide, well qualified buyer, holding a “Pre-qualification” letter signed by a legitimate lender. Or, if the buyer is paying cash, the seller should require a statement from a financial institution showing adequate funds for the deal.

3) Finally, the seller must comply with all aspects of the contract. In most cases, the following are mandatory:

Allow access to bank appraisers and inspectors
Provide written documentation that agreed upon repairs or services were performed
Have the property ready for sale on time, or penalties are typically assessed starting five (5) days after the contract closing date. “Ready for sale” means :
Have everything out of the house, garage, basement and out-buildings that was not specifically purchased
Have the house itself “broom clean” which means not professionally cleaned, but neat, tidy and swept out
Have all keys, codes etc at the closing table, or delivered prior to the buyer taking title

If the buyer does have to back out, and it is not for a protected reason (failure of a contingency), the seller’s remedy is to keep the security deposit. The amount of the deposit is almost certainly enough to cover the actual losses incurred by the seller where a deal falls through, and it is the limit of the recovery a seller can make for backing out.

Connecticut Select Homes | Fairfield County CT Real Estate» Real Estate Blog | CT Select Homes | Higgins Group Realtors

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