Frequently Asked Questions

Over the last 25 years, the KMS Team has guided thousands of clients through their purchases, rentals or sales of real estate. Answers to some of the most frequently asked questions can be found below.

We also invite you to peruse the KMS Blog, for further information including community insights, home care tips and local happenings.

General Questions on Real Estate Transactions

  • Buyers and sellers of real estate in Connecticut typically pay the costs related to their side of the transaction. More on customary charges.

  • Real estate agents are licensed by the state to represent a person in the purchase, sale, exchange or lease of real property. The fiduciary relationship is formed between the agent and the client, based on trust. The agent owes the following duties to the client: Loyalty, Obedience, Diligence, Disclosure, Confidentiality, Accountability and Reasonable Skill & Care. Read more about the four types of agency relationships.

  • The National Association of Realtors will no longer display on Multiple Listing Services any commission payment offered to the agent of a buyer. Buyers’ agents can be compensated by the buyer, the seller, or some combination as negotiated by the parties involved. NAR has published documents clearly outlining what the settlement means for buyers and sellers.

    In mid-Fairfield County, the vast majority of sellers are still offering compensation to a buyer’s agent.


Buyer FAQs

  • We have developed a Buyers’ Guide which outlines the home buying process in Connecticut. Click here to review the guide and then reach out with any questions you may have.

    You may also benefit from our tips on preparing to be a home buyer. We would love to help you on your journey to homeownership!

  • Property taxes vary throughout Connecticut and can be compared across towns by a review of the Mill Rate. Search by address to find current tax assessments here.

  • This calculator will get you started. We can provide recommendations for excellent local lenders when you are ready!

  • In Connecticut, homeowner insurance typically covers hurricane damage, including from wind, falling trees and water damage, other than from a flood. Flood insurance may be necessary to cover overland flooding — including storm surges or heavy rainfall, that causes a river or lake to overflow. We recommend speaking with an insurance agent about necessary coverage. Read more on the adequacy of homeowners’ insurance, and the National Flood Insurance Rating System


Seller FAQs

  • The first step in determining a property’s value is preparing a comparative market analysis (CMA). A CMA looks at similar properties and recent sales information. When combined with data from town property records (such as square footage, year constructed, number of rooms), we can develop a broad range of the value of your property.

    An in-person visit will help us understand the home’s condition and enable us to fine tune an estimated value of your home. We’d be happy to perform a complimentary evaluation for you. Give us a call at 203.295.4375.

  • We have developed a Sellers’ Guide that covers the general steps in the selling process. Review the guide here, and reach out with any questions. We would be honored to present your home for sale.

  • We always suggest you begin with a spring cleaning approach — declutter, organize and deep clean. We take you step-by-step in our blog.

    Often, little things like fresh paint or removing some furniture can open up a space, making it easier for potential buyers to envision living there. We are more than happy to offer suggestions!

  • The holidays can be an excellent time to have your home on the market. Less competition, serious buyers and festive decor are just a few of the reasons. Read more about listing your home during the holidays here.


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