

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.