How should I use this listing of properties ?
This listing of Real Estate is intended to provide interested parties with preliminary information only. This list is not a solicitation of offers and does not constitute an offer to sell. The information is provided for the purpose of inviting further inquiry and has been obtained from sources we believe to be reliable.
I am interested in a few properties off the current listing. How do I find out more information relating to those properties ?
We will Provide you contact name and phone number of each property owner.
How often is the listing of properties updated ?
It is listing of properties by close of business each Monday. Therefore, with the volatile nature of the real estate business, it is important to contact the individual associated with a particular property to find out if the property is still available since the last update.
What is the condition of properties sold from Connexions Abroad?
All properties are sold in an "AS IS" condition. There is no guarantee, warranty, or representation, expressed or implied as to the location, quality, kind, character, size, description, or fitness for any use or purpose, now or hereafter.
How is the Listed Price established ?
Listed prices are established by a variety of factors which may include independent appraisals, brokers' opinion of value and current market conditions. All prices are subject to change without notice.
What do all of those real estate acronyms in the ads mean?
If you find yourself stumbling over weird acronyms in a real estate listing, don't be alarmed. There is method to the madness of this shorthand (which is mostly adopted by sellers to save money in advertising charges). Here are some abbreviations and the meaning of each, taken from a recent newspaper classified section:
* assum. fin. -- Assumable financing
* dk -- deck
* gar -- garage (garden is usually abbreviated "gard")
* expansion pot'l -- may be extra space on the lot, or possibly vertical potential for a top floor or room addition. Verify actual potential by checking local zoning restrictions prior to purchase.
* fab pentrm -- fabulous pentroom, a room on top, underneath the roof, that sometimes has views
* FDR -- formal dining room (not the former president)
* frplc, fplc, FP -- fireplace
* grmet kit -- gourmet kitchen
* HDW, HWF, Hdwd -- hardwood floors
* hi ceils -- high ceilings
* In-law potential -- potential for a separate apartment. Sometimes, local zoning codes restrict rentals of such units so be sure the conversion is legal first.
* large E-2 plan -- this is one of several floor plans available in a specific building
* lsd pkg. -- leased parking area, may come with an additional cost
* lo dues -- find out just how low these homeowner's dues are, and in comparison to what?
* nr bst schls -- near the best schools
* pvt -- private
I own a home I want to sell. If I find a new home, buy it, move out of first home and into second home but can't afford both notes before the first home sells what happens?
The mortgage company for your new home will very likely make satisfying the mortgage on your previous home a condition. That is, you will have to close on the sale of your previous home before you can close on the puchase of another. What you will do if you find a home you want to buy is that you will make an offer which will be contingent on the sale of your home by some date, maybe 60 or 90 days in the future.
How does renting a home with an option to buy work?
The "tenant/buyer" agrees to rent the property for x amount of years, at which time they can either exercise the option to buy it or move on. There is normally a down payment needed before the tenant/buyer moves in to the house, and this down payment is normally non-refundable if the option is not exercised. Once the tenant/buyer is in the house for a year or two, they are a much better risk to a mortgage broker, and have a much better chance of getting approved for a loan.
The positives: A person with no credit can buy a house. You can live in the house for a year or two before you decide if you want to buy it or not. Usually need a smaller down payment than if you were buying a house. No long waiting period to move in...usually just a few days.
