Greenwich, Connecticut, established in 1642, is one of the oldest cities in the United States. Greenwich is a well-known small town of seven hamlets running along 32 miles of shoreline. Many artists, entertainers, business professionals and families make this port town their home. Since before the Revolutionary War citizens have been proud to call Greenwich home.
If you’re looking for Georgian elegance or Victorian luxury, take a look at Greenwich homes for sale. It’s easy to get overwhelmed by the beauty of these southern works of art, but don’t get so caught up that you overlook the fine print.
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| Population 61,101 | Median Age 40.2 yrs | Household Size: 2.60 |
| Avg Commute: 30.3 min | Avg Income $99,086 | Avg Home Value: $781,500 |
Greenwich Homes for Sale
When buying a home, it’s in your best interest to hire a local real estate agent. You can find some great deals in the area, but you won’t be happy if you find problems after you move in. By state law, sellers must disclose certain material facts about their properties.
Material Facts
Material facts include things like the age of property components, structural problems and legal claims that affect ownership. Even if a seller is legally in the wrong by not disclosing all material facts, it’s much more difficult and costly to sue once you’ve already moved in. A good agent will ensure that all material facts are covered in the disclosure, and will add contingencies to the contract that allow you to back out of the deal if an inspection uncovers a problem with the property.
Before you decide to search for property without an agent, consider that the amount of money you’ll be spending on Greenwich homes for sale might be the largest investment you ever make. Greenwich homes for sale range from $400,000 to $30 million. A 6 percent commission is worth paying to safeguard an investment that substantial.
A good real estate agent can also help you negotiate with the seller. When buying a house, you don’t have to offer an amount equal to the full asking price. Currently, the area is not experiencing either a buyers market or a sellers market. Greenwich homes for sale that are priced too high are taking a long time to sell, and houses priced fairly are moving quickly. Once you find a house that you’re interested in buying, your agent will compare the property to others in the area and help you to make an appropriate offer.
by Merrell S. Jones
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®