Frequently Asked Questions

Question: How will I know what the property values are in the neighborhood I am interested in?
Answer: In a matter of minutes, your agent can show what is presently for sale in the neighborhood, and also what has recently sold in the neighborhood.

Question: How can I find out about the school system when I find the home I am interested in purchasing?
Answer: Prestige Properties subscribes to the National School Reporting Service which gives you detailed information on every school district in Connecticut. For example: district size, elementary, middle and upper school programs, extracurricular programs, interscholastic sports, statistical data and school directories.

Question: What are "closing costs?"
Answer: Some of the standard costs involved are: attorney fees, points on
your mortgage, adjustments on prepaid taxes, fuel and water, appraisal fees
and title insurance. Your bank and your attorney will give you a complete
breakdown of any charges that you will be responsible for.

Question: What are ""points" on a mortgage?
Answer: Each point represents 1% of the mortgage amount. Example: If you were taking a loan for $100,000, 1 point would be $1,000. There are numerous mortgage programs ... some have points up front, and others do not.

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