Fairfield, CT Real Estate

The Crossroads Realty was established in 2003 and provides high quality advice to each of their clients in renting, leasing, buying and selling of residential as well as commercial real estate and businesses. 

Buying a home is an important step toward financial security. And with the right help, home buying is easier than you think. Get ready to buy the home of your dreams! Also major life decision, and you can trust us to provide you with the service, expertise and advice you need, and deserve.

Whether you’re hoping to buy or sell a new home, condo, townhouse, second home, luxury home or any other type of real estate property, you can expect us to be there by your side.

The homebuying process can seem complicated, but if you take things step-by-step, you will soon be holding the keys to your own home!
Nine steps to buying a home

1. Figure out how much you can afford
2. Know your rights
3. Shop for a loan
4. Learn about homebuying programs
5. Shop for a home
6. Make an offer
7. Get a home inspection
8. Shop for homeowners insurance
9. Sign papers

Step 1: Figure out how much you can afford
What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. The calculators below can help, but it is best to visit a lender to find out for sure.
- How much home can you afford?
- Buying vs. Renting
- Home Economics

Need help with your downpayment and/or closing costs?
- Homebuying programs in your state

A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment!
- Find a housing counselor near you

Step 2: Know your rights
- Fair Housing: Equal Opportunity for All - brochure
- Real Estate Settlement Procedures Act (RESPA)
- Borrower's rights
- Predatory lending 

Step 3: Shop for a loan
Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to get a better deal. Consider getting pre-approved for a loan.
- Looking for the best mortgage: shop, compare, negotiate - brochure
- Let FHA help you
- Why Ask for an FHA Loan?
- Learn about interest only loans

Step 4: Learn about homebuying programs
- Homebuying programs in your state

FHA loan programs offer lower downpayments and are a good option for first-time homebuyers.
- Let FHA help you
- HUD's special homebuying programs
- Good Neighbor Next Door (formerly known as Teacher/Officer/Firefighter Next Door)
- Homeownership for public housing residents
- Indian Home Loan Guarantee Program (Section 184)

Step 5: Shop for a home
- Choose a real estate agent and go to open houses
- Wish list - what features do you want?
- Home-shopping checklist – take this list with you when comparing homes
- Homes for sale (including HUD homes)
- "Fixer-uppers" - home purchase and repair programs
- Manufactured (mobile) homes
- Build a home

Step 6: Make an offer
Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.
- Making an offer

Step 7: Get a home inspection
Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.
- For Your Protection Get a Home Inspection

Step 8: Shop for homeowners insurance
Lenders require that you have homeowners insurance. Be sure to shop around.
- Homeowners insurance

Step 9: Sign papers
You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!