The Reed Wilson Case blog, managed by RWC, LLC Attorneys and Counselors at Law, serves as a comprehensive resource for individuals seeking insights into various legal domains. The blog covers a wide array of topics, including estate planning, elder law, probate, Medicaid, and real estate closings, reflecting the firm’s dedication to educating the public on these intricate subjects.
While “pre-approval” and “clear to close” may sound similar, they serve distinct purposes and signify different milestones in the mortgage approval process. Since February is known as the start of the Spring real estate market, many people are likely sprucing up to list their homes for sale and others are getting their ducks in a…
A Guide for Realtors and Sellers Last year we wrote an article about changes to the Smoke and Carbon Monoxide affidavit that State law requires sellers of residential real property to provide to their buyers at closing. For Connecticut residential real estate closings occurring after October 1, 2023, there is yet another significant change to…
What’s As-Is Got To Do With It? In this seller’s real estate market, you may be seeing more real estate listings that include the phrase “as-is”. Typically, when a property is listed “as-is,” it implies that the seller does not want to invest time or money into addressing any problems with the property. What is…
Next up in our series about real estate closings, let’s define the important terms included in the real estate contract. First, it is important to know that any contract (and any changes to a contract) for real estate MUST BE IN WRITING because of a law called the Statute of Frauds. The Statute of Frauds…
You’ve found the house that feels like home, your offer was accepted and now you have a fully executed real estate contract. Congratulations! What happens now? These are the 12 real estate closing steps. STEP 1 – Hire a Real Estate Closing Attorney Some real estate contracts include a period for attorney review. If this…
We often explain to clients that it is important to have a trusted team of professionals assisting you in all aspects of life, and real estate closings are no exception. In order to find and purchase a home, you need a solid real estate closing team on your side. Realtor Whether you are a seller…
