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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’s currently for sale in the
neighborhood and what recently sold.
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 equal $1,000. There are numerous mortgage programs. Some have
points up front, others do not.
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