West Hartford, CT asked in Probate and Real Estate Law for Connecticut

Q: Is there a minimum deposit amt when purchasing a probate home in CT? I believe in some states it is 10%, does this apply

When purchasing a probate home in CT, is there a minimum deposit amount required? I believe some states require a 10% deposit, is this true for CT as well?

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1 Lawyer Answer
Matthew A. Wiley
Matthew A. Wiley
  • Probate Lawyer
  • Shelton, CT
  • Licensed in Connecticut

A: No. There is no law regarding the size of a deposit. There are quite a few factors that go into buying a home and identifying the deposit amount. Speak with your realtor or speak with a real estate attorney. Many attorneys (my firm included) like to speak to real estate clients early in the process to avoid any issues.

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