10 Questions You Should Ask Before Buying a Candlewood Lake Home for Sale

10 Questions You Should Ask Before Buying a Candlewood Lake Home for Sale

Before you buy a Candlewood Lake home for sale, make sure you are prepared to ask the seller or the seller’s agent these questions to help you make a more informed decision:

1. Has the lake home for sale been appraised? If so, when? Can you tell me how you arrived at the asking price? Ask for recent comparable sales or a comparative market analysis.

2. Does the Candlewood Lake property require flood insurance? If so, can I get a copy of the current policy? How much does the policy cost per year?

3. Does the lake home have any known defects in and around it? Has the seller done any upgrades or renovations? Were these renovations permitted? To find out if necessary permits were issued, you may request copies from the town building department.

4. Are there any easements associated with the Candlewood Lake property? Are the lake rights owned or shared? Ask for a current copy of the deed.

5. Is the Candlewood Lake home serviced by an on-site Septic System and has it passed State Inspections? Ask for a copy of report.

6. If the Candlewood Lake home for sale is serviced by a town sewer, do I still need to pay a betterment? Who is paying it? What is the annual cost of town sewer & water?

7. What recreational activities are allowed or not allowed on Candlewood Lake? Obtain a copy of the Lake Rules and Regulations.

8. What are the conditions of the Candlewood Lake shoreline in summer? Ask about the type, depth, weed count, etc. of the lake.

9. Does Candlewood Lake Connecticut have an active Lake Association? Ask for their contact information.

10. How do they control the water level of the lake? Is the water level lowered in the winter? Do they test Candlewood Lake’s water quality at least once a year? Have there been any recent issues in Candlewood Lake?

Do your homework and research not just about the property, but the Lake as well. These questions will help narrow down your research so you can find out important information that will help you make the right decision about buying a Candlewood Lake home for sale. The best thing to do is to consult with an agent who is an expert in lake properties before buying one.

Call Deborah Laemmerhirt now at 203-994-4297 and let her assist you with everything you need to know about buying or selling Candlewood properties. Her years of experience as a preeminent real estate professional in Ridgefield, Redding, Wilton, New Fairfield, Brookfield, Bridgewater, Roxbury, Washington, Weston, Westport, Southbury, Kent, Sherman, Easton, and Bethel, CT, combined with her dedication to providing the finest service will make it easier for you to find your dream home in Connecticut.