Real Estate Closing Timeline - What Vermont Buyers and Sellers Should Expect
One of the most common questions home buyers and sellers ask is simple: how long will this take? While every real estate transaction is different, most Vermont closings follow a predictable timeline from the signed contract to the day the keys change hands. Understanding the process helps reduce stress, avoid surprises, and plan your move with confidence.
In Vermont, most residential real estate transactions take 30 to 60 days from the date the purchase and sale agreement is signed to the closing date. Some transactions close faster, while others take longer depending on the circumstances. Here is a practical breakdown of what happens during that time.
Once the buyer and seller sign the purchase and sale agreement, the transaction becomes legally binding, subject to any contingencies in the contract. This is when the clock really starts. During the first one to two weeks, the buyer typically schedules inspections, applies for financing if needed, and delivers any required deposits. At the same time, the real estate attorney begins reviewing the contract and ordering the title search.
Most Vermont purchase contracts include inspection contingencies. Home inspections, septic inspections, water testing, and other evaluations usually occur within the first 7 to 14 days. If issues are discovered, negotiations may follow. Requests for repairs or credits can add time to the process, especially if additional inspections are needed or contractors must be consulted.
If the buyer is obtaining a mortgage, loan processing is often the longest part of the closing timeline. Appraisals, underwriting, document verification, and lender conditions typically take several weeks. Financed purchases often close closer to the 45 to 60 day mark. Cash purchases may close sooner, sometimes in as little as two to three weeks, assuming title issues do not arise.
In Vermont, a real estate attorney conducts a thorough title search to confirm that the seller has clear legal ownership and the right to convey the property. This includes reviewing deeds, easements, rights of way, mortgages, and other recorded interests. If title issues are found, they must be resolved before closing. Clearing old liens, correcting boundary issues, or addressing missing documents can extend the timeline.
As the closing date approaches, the attorneys prepare the deed, closing documents, and settlement statement. The lender issues final loan approval, and the buyer secures homeowners insurance. Final walkthroughs usually occur within a few days of closing to confirm the property is in the agreed condition.
On closing day, the buyer signs loan and legal documents, funds are transferred, and the deed is recorded in the town land records. At this point, the transaction is officially closed. This is when the buyer receives the keys and takes legal ownership of the property.
Several factors can slow down a closing, including financing delays, appraisal issues, inspection disputes, title defects, or missing documentation. Rural properties, older homes, and properties with shared access or private roads often require additional legal review. Working with an experienced Vermont real estate attorney from the beginning helps identify and resolve issues early, keeping the transaction on track.
A real estate attorney coordinates the legal, title, and closing process, communicates with lenders and agents, and ensures deadlines are met. Having legal guidance throughout the transaction helps avoid last-minute surprises that can delay or derail a closing.
Most Vermont real estate closings take between 30 and 60 days from contract to keys. Some close faster, some take longer, but understanding the steps involved makes the process smoother and less stressful. If you are buying or selling property in Vermont and want a clear path from contract to closing, working with an experienced real estate attorney can make all the difference. If you would like an expedited closing, please contact an attorney at the Peet Law Group for an estimated timeline specific to your transaction.
One of the common questions Vermont homebuyers and sellers ask during a real estate transaction is whether a property must be surveyed before it can be sold. The short answer is no. Vermont law does not require a property survey before a sale. That said, the lack of a survey can create legal and financial risks that buyers and sellers should understand before closing. This article explains when a survey is required, when it is strongly recommended, and how surveys affect Vermont real estate transactions. No General Survey Requirement Under Vermont Law Unlike some states, Vermont does not have a statute that requires a property survey as a condition of sale. Many Vermont properties change hands without a new survey, particularly older homes, rural properties, and transactions where the parties are familiar with the land. However, the absence of a legal requirement does not mean a survey is unnecessary or unimportant. In many transactions, a survey plays a critical role in confirming what is actually being conveyed. When a Survey Is Commonly Required Even though Vermont law does not mandate a survey, one may still be required by other parties involved in the transaction. Lenders sometimes require a survey, particularly when boundary issues, acreage, or improvements near property lines could affect the collateral. Title insurance companies may also require a survey, or may exclude coverage for boundary or encroachment issues if no survey is provided. Municipal approvals, subdivisions, or recent boundary adjustments almost always require a survey, and the survey may need to be recorded in the land records before closing. Situations Where a Survey Is Strongly Recommended There are many situations in which a Vermont real estate attorney will strongly recommend a survey even if no one formally requires it. If the property has never been surveyed, or if the most recent survey is very old, a new survey can help avoid disputes. This is especially true in Vermont, where property descriptions may rely on stone walls, trees, or historic landmarks that no longer exist. Surveys are also important when fences, driveways, buildings, or septic systems appear close to boundary lines. Encroachments are common in Vermont and are often discovered only after closing if no survey is obtained. Waterfront property, large acreage, undeveloped land, and properties with shared driveways or rights of way are also strong candidates for a survey. In these cases, understanding the exact boundaries and access rights can be essential to the buyer’s intended use of the property. How Surveys Affect Title and Legal Risk A survey helps confirm that the legal description in the deed matches the land on the ground. Without a survey, buyers often rely on assumptions that may not be accurate. Boundary disputes, missing access, encroachments, and acreage discrepancies can all lead to costly legal issues after closing. A properly prepared survey allows these issues to be addressed before the transaction is finalized, when solutions are usually simpler and less expensive. From a legal standpoint, surveys also interact with title insurance. If no survey is provided, the title insurance policy may exclude coverage for matters that would have been disclosed by a survey. That means the buyer may be assuming risk without realizing it. Can a Buyer Waive a Survey in Vermont? Yes. Buyers frequently waive surveys, particularly in competitive markets. However, doing so should be a conscious decision made with an understanding of the potential consequences. A Vermont real estate attorney can help a buyer evaluate whether waiving a survey is reasonable based on the property type, history, and intended use. What may be acceptable for a small residential lot in a subdivision may be risky for rural land or property with complex boundaries. The Role of a Vermont Real Estate Attorney Determining whether a survey is needed is not a one size fits all decision. A Vermont real estate attorney reviews the deed, title history, municipal records, and transaction details to identify risks that a survey could address. In some cases, an attorney may recommend obtaining an existing recorded survey rather than commissioning a new one. In others, a new survey may be the best way to protect the client’s interests before closing. Conclusion Vermont properties do not have to be surveyed before sale, but that does not mean a survey is unnecessary. Surveys play an important role in identifying boundary issues, protecting buyers, and reducing legal risk. If you are buying or selling property in Vermont and have questions about surveys, title issues, or closing requirements, working with an experienced Vermont real estate attorney can help ensure the transaction proceeds smoothly and with fewer surprises. Peet Law Group regularly advises clients throughout Vermont on real estate closings, title issues, and property ownership concerns from its offices in Williston and Hartford. For more information on surveys, see Unlocking the Mysteries of Property Boundaries: The Essential Role of Surveys in Real Estate. We are also available to answer questions by phone or email .
Buying or selling real estate in Vermont is a major financial and legal decision. Once a purchase and sale contract is signed, your rights and obligations are largely locked in. Unfortunately, many buyers and sellers sign contracts without fully understanding the risks buried in the fine print. Identifying potential red flags before signing can help you avoid costly surprises, delays, or even litigation. Below are some of the most common warning signs Vermont buyers and sellers should watch for before committing to a real estate contract. Missing or Vague Property Descriptions A Vermont real estate contract should clearly identify exactly what is being bought or sold. If the description of the property is incomplete, inconsistent with the deed, or unclear about boundaries, easements, or access rights, that is a red flag. Rural and waterfront properties in Vermont are especially prone to boundary and right of way issues that may not be obvious at first glance. If the contract references land that is not accurately described in the town land records, problems can surface during the title search or after closing. Financing Terms That Favor the Other Party Buyers should be cautious of contracts that impose unrealistic financing deadlines or limit the ability to cancel if financing is denied. Sellers should also review financing clauses carefully to ensure the buyer is genuinely qualified. A contract that lacks a clear mortgage contingency or gives one party excessive control over extensions can expose the other party to unnecessary risk. Inspection Clauses That Are Too Restrictive Home inspections are critical in Vermont due to older housing stock, seasonal conditions, and rural infrastructure. Red flags include inspection clauses that limit what can be inspected, restrict the buyer’s right to negotiate repairs, or shorten inspection deadlines unreasonably. Buyers should be especially cautious if the contract attempts to waive inspections entirely without a clear understanding of the risks involved. Unclear Closing Date or Possession Terms A well drafted Vermont real estate contract should clearly state the closing date and when possession transfers. Problems often arise when possession terms are vague or when a seller plans to remain in the property after closing without a written occupancy agreement. Ambiguity in these provisions can lead to disputes over responsibility for damage, utilities, or insurance coverage. Incomplete Disclosure Obligations A contract that attempts to limit disclosure obligations or shift responsibility entirely to the buyer may signal potential issues. While Vermont is generally considered a buyer beware state, sellers cannot contract away all disclosure responsibilities. Title Issues Are Not Properly Addressed If the contract does not clearly require a title search or fails to address how title defects will be resolved, this is a serious concern. Common Vermont title issues include old mortgages that were never discharged, missing probate transfers, boundary discrepancies, and undocumented rights of way. Without proper protections, a buyer could end up owning property with legal defects that are expensive or impossible to fix. Penalty Clauses That Are One Sided Liquidated damages provisions and default clauses should be reviewed carefully. Some contracts impose harsh penalties on buyers for minor breaches while offering little consequence for seller defaults. Any clause that seems excessively punitive or unbalanced deserves closer scrutiny. Use of Generic or Out of State Contract Forms Vermont real estate law has unique rules that differ from many other states. Contracts drafted using generic templates or forms designed for other jurisdictions often fail to account for Vermont specific requirements, local practices, and land record issues. A contract that does not reflect Vermont law may leave important gaps in protection. Pressure to Sign Quickly One of the biggest red flags is pressure to sign immediately without review. Real estate agents are skilled professionals, but they do not provide legal advice. If you are told that a deal will fall apart unless you sign right away, that is often a signal to slow down and seek legal guidance. Why Reviewing a Vermont Real Estate Contract Matters Once signed, a real estate contract is legally binding. Fixing mistakes after the fact is far more difficult and expensive than addressing them upfront. A Vermont real estate attorney can identify red flags, explain your rights, and help negotiate terms that protect your interests. At Peet Law Group , we regularly review and prepare Vermont real estate contracts for buyers, sellers, landlords, and investors. Early legal review can prevent costly disputes and help ensure your transaction closes smoothly. If you are considering signing a Vermont real estate contract and want peace of mind before moving forward, contacting an experienced Vermont real estate attorney at the Peet Law Group is a smart first step.
The start of a new year is a perfect time to set goals, and if selling your home is one of them, now is the time to prepare. As a Vermont real estate attorneys, we know the value of starting early to maximize your home's appeal. Here are five New Year’s resolution tasks to help get your house market-ready for a successful sale later this year. 1. Declutter and Organize Over time, it’s easy for clutter to accumulate, making your space feel smaller and less inviting. Start the year by: • Decluttering each room one at a time. Use the "keep, donate, or toss" method to streamline the process. • Organizing closets, cabinets, and storage spaces—potential buyers will look inside! • Removing personal items like family photos to create a neutral space that allows buyers to envision themselves in your home. 2. Deep Clean Your Home A clean home makes a great first impression. Dedicate time to: • Shampoo carpets, polish hardwood floors, and deep clean tile grout. • Wash windows inside and out to let natural light shine in. • Dust ceiling fans, light fixtures, and baseboards. • Consider hiring professional cleaners for an extra touch of sparkle, especially before listing your home. 3. Address Maintenance Issues Small issues can turn off potential buyers or lead to lower offers. Create a checklist to: • Fix leaky faucets, squeaky doors, and loose doorknobs. • Replace burnt-out light bulbs and check that all appliances are functioning properly. • Schedule an HVAC tune-up to ensure your heating and cooling systems are in top shape. • Completing these tasks demonstrates to buyers that your home has been well cared for. 4. Boost Your Curb Appeal First impressions start at the curb. Even in Vermont’s winter months, you can enhance your home’s exterior by: • Keeping driveways and walkways clear of snow and debris. • Repainting or touching up the front door and shutters if weather permits. • Adding a new welcome mat and outdoor lighting for a warm, inviting feel. • As the weather warms, plan to spruce up landscaping with fresh mulch, trimmed hedges, and blooming flowers. 5. Consult a Real Estate Professional Partnering with a real estate agent early in the process provides invaluable insights. They can: • Recommend small, cost-effective upgrades to increase your home’s value. • Provide a market analysis to set realistic expectations for pricing. • Help you stage your home for maximum appeal. Additionally, consulting a real estate attorney ensures that you’re legally prepared for the selling process. From reviewing contracts to ensuring clear title, an attorney can help make the transaction smooth and stress-free. Plan Now for Success Later Selling your home is a significant undertaking, but with thoughtful planning and these resolutions, you can make the process easier and more rewarding. By starting early, you’ll be in a strong position to attract buyers and secure the best possible price for your home. If you’re ready to take the next step, feel free to contact our office . We’re here to provide legal guidance and support throughout your real estate journey. Happy New Year, and best of luck with your home-selling goals!
The New Year is a time for fresh starts and big dreams, and if buying a home is one of your goals for the year, now is the perfect time to start planning. As a Vermont real estate attorneys, we know how important preparation is for a smooth and successful home-buying experience. Here are six New Year’s resolution tasks to help you on your journey to homeownership. 1. Evaluate Your Financial Health Buying a home is a major financial commitment, so start by getting your finances in order: • Review your credit score and credit report. Address any errors or areas for improvement. • Calculate your debt-to-income ratio to determine your borrowing capacity. • Build or maintain an emergency fund to cover unexpected expenses. • If needed, consult a financial advisor to help you set realistic goals and identify areas to strengthen before applying for a mortgage. 2. Create a Budget and Save for a Down Payment A clear budget can help you understand how much house you can afford. To prepare: • Determine your target down payment amount, typically 10-20% of the home’s purchase price. • Factor in additional costs such as closing fees, property taxes, and homeowners insurance. • Automate your savings to build your down payment fund consistently. • Remember, there are programs available for first-time homebuyers that may reduce your required down payment or provide financial assistance. 3. Get Pre-Approved for a Mortgage A mortgage pre-approval strengthens your buying power and shows sellers you’re serious. To get started: • Research lenders and compare mortgage rates and terms. • Gather necessary documentation, such as tax returns, pay stubs, and bank statements. • Understand the differences between fixed-rate and adjustable-rate mortgages to choose the best fit for your situation. • Pre-approval will also give you a clearer picture of your budget and help streamline the buying process. 4. Identify Your Home Needs and Wants Make a list of your must-haves and nice-to-haves to narrow down your search. Consider factors such as: • Location: Proximity to work, schools, and amenities. • Size: The number of bedrooms, bathrooms, and overall square footage. • Features: A backyard, energy efficiency, or specific architectural styles. • Being clear about your priorities will help you focus your search and avoid wasting time. 5. Work with a Real Estate Professional Partnering with a knowledgeable real estate agent is invaluable when navigating the housing market. They can: • Provide insights into market trends and neighborhood options. • Help you find homes that match your criteria. • Negotiate offers and guide you through the purchase process. • Start researching and interviewing agents early to find someone you trust. 6. Retain a Real Estate Attorney A real estate attorney is an essential part of the home-buying process, especially in Vermont. They can: • Review and explain purchase agreements, mortgage documents, and other legal paperwork. • Conduct a title search to ensure there are no legal issues with the property. • Assist with closing procedures to ensure all transactions are legally sound. • By retaining an attorney early in your journey, you’ll have peace of mind knowing you’re protected at every step. Plan Now to Achieve Your Homeownership Dream Buying a home is an exciting milestone, but it requires careful planning and dedication. By tackling these New Year’s resolution tasks now, you’ll set yourself up for a smooth and rewarding home-buying experience. If you’re ready to take the next step, feel free to contact our office for legal guidance. We’re here to help you navigate the home-buying process with confidence. Happy New Year, and best wishes on your path to homeownership!
How much does a real estate attorney cost for a closing in Vermont? Attorney fees for a Vermont real estate closing depend on whether you are buying, selling, or refinancing, but most residential transactions fall within clear, predictable ranges. For buyers, the typical fee for a standard residential purchase ranges from $1,400 to $1,750. This price generally includes contract review, the full title search, title examination, preparation and review of closing documents, coordination with the lender, and conducting the closing. For sellers, the fee for preparing the deed and required conveyance documents is commonly around $1000. Additional fees may apply if the attorney attends the closing on the seller’s behalf or if a power of attorney must be prepared. For refinances, the combined fee for the title search, title examination, lender coordination, and closing typically ranges from $1,200 to $1,500, depending on the complexity of the title work and the lender’s requirements. These ranges reflect typical residential transactions in Vermont. Peet Law Group provides clear pricing and guidance from our offices in Williston and Hartford (White River Junction), Vermont, ensuring that clients understand their closing costs before the process begins. When comparing real estate attorney fees, it's also important to understand the difference between paying by the hour vs. the benefits of paying a predetermined flat fee: https://www.peetlaw.com/flat-fees-explained-a-better-way-to-pay-for-legal-help-when-buying-or-selling-a-home-in-vermont For more information on the services that buyer and seller attorney fees include: https://www.peetlaw.com/who-pays-for-the-vermont-real-estate-attorney Contact the Peet Law Group if you have any questions recording legal fees: https://www.peetlaw.com/schedule-real-estate-lawyer-consultation
Real estate closings in Vermont are usually straightforward, but legal issues can unexpectedly slow everything down. Buyers, sellers, and real estate agents often feel pressured by tight moving schedules, rate-lock deadlines, and seasonal market changes. When a legal problem appears late in the process, it can add stress and uncertainty. Understanding the most common issues that cause closing delays in Vermont can help you avoid them and keep your transaction on track. Title problems are one of the biggest reasons a closing gets pushed back. A title search may reveal an old mortgage that was never properly discharged, liens that a seller didn’t know about, or unexpected rights of way that affect how a property can be used. Vermont also has many older homes and family-owned parcels, which increases the likelihood of handwritten documents, outdated descriptions, or gaps in the chain of ownership. Clearing these issues takes time and must be completed before a buyer can receive clean title. Boundary and survey disputes are another recurring problem. Vermont property lines can be complicated, especially in rural areas where fences, stone walls, and long-standing assumptions do not always match the official record. If a survey shows a shed, driveway, or septic system on or near a neighboring property, the parties may need to negotiate an easement or revise the deed. Any disagreement between neighbors over land use can stall the closing until the matter is resolved. Septic and water system concerns are also a common cause of delay. Vermont’s regulations require compliance with state wastewater rules, and many properties rely on private wells and systems. If an inspection shows a malfunction, the parties may need to decide who will make repairs or whether funds must be held back at closing. When a property does not have a required permitted system, additional paperwork and state review may be required before closing can proceed. Financing issues can also affect timing. Lenders often request last-minute documentation such as updated income statements, proof of repairs, or verification of property conditions. If the appraisal comes in lower than expected, the buyer and seller may need to renegotiate the purchase price or determine who will cover the gap. These issues are usually solvable but can cause a closing date to slide by several days or more. Another factor that slows Vermont closings is incomplete or inaccurate property disclosures. Sellers are required to provide truthful information about water damage, structural issues, environmental concerns, and other material facts. When a buyer discovers something late in the process that was not previously disclosed, negotiations may reopen, inspections may be repeated, and attorneys may need to draft new agreements. All of this takes additional time. Document preparation errors are also more common than many people expect. A misspelled name on a deed, an incorrect legal description, or missing signatures can lead to delays. Attorneys play an important role in catching these problems before the closing date. Even small errors must be corrected to ensure proper recording with the town clerk. Estate and trust issues also cause delays, especially when a property is being sold after an owner passes away. Vermont probate procedures must be followed, and all required parties must have legal authority to sign. If heirs disagree about the sale or if documents are missing, the closing cannot proceed until the legal process is complete. The best way to avoid these delays is to involve a Vermont real estate attorney early in the process. At Peet Law Group, we help buyers, sellers, and agents identify potential issues before they become last-minute emergencies. By reviewing the title, preparing documents correctly, and ensuring compliance with state regulations, a closing is far more likely to take place on schedule. If you are planning to buy or sell property in Vermont and want personalized guidance, our offices in Williston and Hartford are ready to assist. Contact Peet Law Group to make your closing as smooth and predictable as possible. www.peetlaw.com
Buying a home is one of the biggest financial decisions most people will ever make. As a Vermont real estate attorney, I’ve helped hundreds of clients through the process — and I’ve also seen what can go wrong. The excitement of finding the perfect property sometimes leads buyers to make costly mistakes that could have been avoided with proper legal and financial due diligence. Here are five things I would never do when buying a home, based on my experience representing Vermont buyers and sellers for decades. 1. Never Skip a Title Search or Title Insurance Even if the property looks perfect, you need to know you’re getting clear, marketable title. A professional title search can uncover liens, easements, boundary issues, or old mortgages that could create major problems later. Title insurance protects you if something unexpected arises after closing — for example, an undisclosed heir claiming ownership. In Vermont, title insurance is a relatively small cost that provides peace of mind for as long as you own the property. Skipping it is never worth the risk. 2. Never Waive the Home Inspection A home inspection isn’t just a formality — it’s your opportunity to identify defects and negotiate repairs or credits before closing. Vermont’s older housing stock often hides issues like foundation cracks, mold, aging septic systems, or outdated wiring. Even in a competitive market, I would never waive an inspection. A short-term advantage to win a bidding war isn’t worth the long-term cost of discovering major structural or safety problems after you move in. 3. Never Sign an Agreement Without Reviewing It With an Attorney Real estate purchase and sale agreements in Vermont can contain contingencies, deadlines, and legal obligations that vary from one transaction to another. Once you sign, you’re legally bound. An attorney can help you understand every clause and ensure your interests are protected — especially concerning financing, inspections, and closing conditions. At Peet Law Group, we routinely catch issues in contracts that could have cost buyers thousands of dollars or led to disputes down the road. 4. Never Overlook Local Zoning or Permit Issues Before buying any home in Vermont, it’s essential to confirm that the property complies with local zoning and that all improvements — such as additions, decks, garages, or finished basements — were properly permitted. Unpermitted work can lead to fines, costly repairs, or delays if you ever plan to sell. Your attorney can review municipal records and zoning maps to ensure the property’s current use and structures are fully compliant. Catching zoning or permit problems early can prevent serious headaches later. 5. Never Make Major Financial Changes Before Closing Your lender will likely verify your financial stability right up to the day of closing. Making big purchases, changing jobs, or taking on new debt can jeopardize your mortgage approval. I’ve seen closings delayed — or canceled — because a buyer bought a new car or opened a line of credit just before closing. Once you’re under contract, keep your finances steady until the deal is done. Final Thoughts Buying a home in Vermont should be exciting, not stressful. By avoiding these five mistakes and working with an experienced Vermont real estate attorney, you can protect yourself, your investment, and your peace of mind. At Peet Law Group, with offices in Williston and Hartford (White River Junction), we guide homebuyers through every step of the process — from reviewing purchase contracts to resolving title issues and ensuring a smooth closing. If you’re thinking about buying a home in Vermont, contact us today at www.peetlaw.com
Buying a home is one of life’s biggest milestones, but many younger first-time buyers wonder: How old do you have to be to buy a house in Vermont? The short answer is that you must be 18 years old to legally enter into a binding real estate contract in Vermont. Here’s why, along with a look at what happens if someone under 18 inherits property, and the pros and cons of getting started in homeownership early. Legal Age to Buy a Home in Vermont Under Vermont law, a person must be at least 18 years old to sign a legally enforceable contract, including a purchase and sale agreement for real estate. Anyone younger than 18 is considered a minor and lacks full legal capacity to contract. Because of this, mortgage lenders, title companies, and real estate attorneys will not proceed with a sale unless the buyer is 18 or older. This ensures that all parties have full legal capacity to enter and be bound by the terms of the transaction. Why the Law Requires Age 18 Vermont, like other states, bases its age of majority on the idea that adults (18 and older) are legally capable of understanding and managing the obligations that come with homeownership. Buying a home involves complex, long-term commitments—mortgages, insurance, taxes, and maintenance—that require full contractual capacity. At 18, an individual gains the legal authority to: • Sign a mortgage or deed • Take title to property in their own name • Be responsible for taxes, liens, and insurance obligations • Enforce or defend property rights in court Advantages of Starting Homeownership Young For those just reaching adulthood, buying a home early in life offers several potential advantages: 1. Building Equity Sooner: Every mortgage payment increases ownership stake in the property, creating long-term wealth. 2. Stability and Independence: Owning a home provides a sense of financial and personal stability—especially valuable for young professionals settling in Vermont. 3. Tax Benefits: Homeowners may qualify for deductions such as mortgage interest and property tax. 4. Appreciation Over Time: Vermont real estate has historically appreciated in value, particularly in desirable areas near Burlington, Williston, and the Upper Valley. Starting young allows more years for appreciation and equity growth, which can make a significant difference in lifetime financial security. Challenges of Qualifying for a Mortgage When Starting Out Despite the benefits, buying a home early also comes with challenges—especially qualifying for a mortgage. Younger buyers may struggle with: • Limited credit history: Lenders look for a consistent track record of managing debt responsibly. • Lower income or savings: Meeting down payment and debt-to-income requirements can be difficult when starting a career. • Student loan debt: Many young Vermonters carry educational loans, which can reduce borrowing capacity. First-time buyers can improve their chances by saving for a larger down payment, building strong credit, and exploring programs like FHA loans or Vermont Housing Finance Agency (VHFA) assistance, which help make ownership more affordable. What Happens if Someone Under 18 Inherits Real Estate? A person younger than 18 cannot hold legal title to real estate in their own name in Vermont. However, if a minor inherits property—say, through a will or estate—the law provides mechanisms to protect and manage it until they reach adulthood. Typically, one of the following applies: • A guardian of the estate is appointed by the Probate Court to manage the property on the minor’s behalf. • The property is placed in a trust, managed by a trustee until the minor turns 18. • In some cases, the property can be sold under court supervision, with proceeds held for the minor. Once the individual reaches 18, full ownership transfers to them, and they gain the right to sell, mortgage, or otherwise manage the property. Professional Guidance Matters Even for adults, real estate transactions involve significant legal and financial complexity. For younger buyers or families dealing with inherited property for minors, experienced legal guidance ensures that everything is handled correctly. At Peet Law Group, with offices in Williston and Hartford (White River Junction), Vermont, our attorneys help clients of all ages navigate Vermont’s real estate laws—whether purchasing a first home, managing inherited property, or transferring title. If you have questions about buying property or managing inherited real estate in Vermont, contact Peet Law Group at www.peetlaw.com for experienced legal guidance.
Selling your home in Vermont has lots of moving parts. Use this practical, Vermont-specific checklist to understand each stage—from choosing your team to handing over the keys. It also highlights where a Vermont real estate attorney keeps your sale smooth, compliant, and on schedule. 1) Hire Your Team Early Select a Vermont-licensed listing real estate agent who knows your market. Engage a Vermont real estate attorney at the same time. Your attorney drafts or reviews offer terms, handles title payoff and curatives, prepares the deed and transfer documents, and coordinates closing logistics. 2) Get the Property Ready Declutter, make sensible repairs, and gather key documents (any well/septic permits, past service records, association documents, leased items, utility info). A light pre-listing tune-up helps your days-on-market and inspection negotiations later. 3) Complete Required Disclosures Provide all legally required disclosures and any material facts you know about the property. If the dwelling was built before 1978, federal law requires a Lead-Based Paint Disclosure (including giving buyers the EPA pamphlet and an inspection/assessment opportunity). Other disclosures are often required which your Realtor and attorney can assist with. 4) Confirm Smoke & CO Detector Compliance (Before Closing) Vermont law requires photoelectric smoke detectors near bedrooms and on each level and carbon monoxide detectors near bedrooms in one- and two-family dwellings at transfer. Install per manufacturer instructions and test them well before closing. 5) Understand Who Pays the Property Transfer Tax In Vermont, the buyer typically pays the Property Transfer Tax at closing (parties may negotiate otherwise). 6) Prepare for Nonresident Seller Withholding (If Applicable) If you’re not a Vermont resident, the buyer must generally withhold 2.5% of the sale price (or a gain-based amount under current rules) and submit it to the Vermont Department of Taxes using Form RW-171—unless an exemption applies. Your attorney will help determine eligibility for exemptions and handle filings. 7) Consider Vermont Land Gains Tax (Special Situations) If you’re selling subdivided land held less than six years, Vermont’s Land Gains Tax may apply, with rates that decrease as holding period increases; there are exemptions. Your attorney will evaluate quickly so there are no surprises at closing. 8) Water & Wastewater: Permits and Records Have well and septic information ready (permits, “WW” numbers, as-built, service records). Buyers and attorneys often verify systems through the State’s wastewater records, and clean documentation speeds title clearance. 9) Handle Offers and Contract Terms When an offer arrives, confirm price, deadlines, what conveys, inspection and financing timelines, appraisal language, rent-backs if needed, and remedies for default. Your attorney will review the contract to be sure the terms are fair and your interests are protected. 10) Home Inspection Response Expect requests for repairs or credits. Decide what’s reasonable relative to market conditions and disclosure obligations. Your attorney drafts changes to the contract, keeps contingency dates on track, and protects you from open-ended repair obligations. 11) Appraisal and Access If the buyer has financing, an appraisal will be ordered. Keep access simple, confirm utilities are on, and address any agreed repairs promptly so the buyer’s loan can be cleared to close. 12) Title Payoffs and Curatives Your attorney orders mortgage and lien payoffs, resolves municipal items, confirms association balances, and ensures discharges and releases will record. If your can’t be present for closing, your attorney can prepare a limited Power of Attorney appointing a person to sign closing documents on your behalf. 13) Closing Package and Proceeds Your attorney prepares the warranty deed, Property Transfer Tax Return, nonresident withholding forms (if needed), affidavits, disclosures and reviews the closing statement. Confirm your wire instructions directly with the law firm via a verified channel to avoid fraud. (We use secure processes to protect you.) 14) Closing Day Sign the closing documents with the assistance of your attorney. Once the buyer’s funds arrive and the deed is released for recording with the Town/City Clerk, your proceeds are disbursed by wire or check the same day in most transactions. 15) After Recording Keep a copy of your final settlement statement for taxes. If you sold a primary residence, talk with your tax advisor about the federal home-sale exclusion (up to $250,000 for single filers or $500,000 for joint filers if eligibility is met). Investment or rental property sales may involve depreciation recapture or 1031 exchange considerations.
Buying a home in Vermont is exciting, but there are a lot of moving parts. Use this practical checklist to understand each step from the first conversation with a lender to walking out with the keys. This guide reflects how purchases typically proceed in Vermont and highlights where a Vermont real estate attorney adds value. 1) Consult a Mortgage Lender to Learn What You Can Afford Start with a lender conversation to set a realistic price range and monthly payment. Ask about estimated interest rate, points, closing costs, down payment options, and whether your loan has any special underwriting requirements that could affect timing. 2) Obtain a Pre-Qualification or, Preferably, a Pre-Approval Letter Pre-qualification is an estimate based on self-reported info. A pre-approval verifies income, assets, credit, and debts, making your offer stronger. Make sure the letter reflects the price range you intend to offer and is current. 3) Hire a Local Realtor Choose a Vermont-licensed buyer’s agent who knows your target towns and current market conditions. A good agent helps evaluate value, draft the offer, negotiate contingencies, and coordinate inspections and access. 4) Make an Offer Your offer will include price, earnest money, proposed closing date, financing and inspection contingencies, items to remain with the property, and deadlines. Be specific on what happens if issues are found and how deposits are handled. 5) Hire a Vermont Real Estate Attorney In Vermont, buyers commonly engage counsel early. Your attorney explains contract terms, negotiates protective language, tracks deadlines, reviews title, and coordinates closing, taxes, and recording. Engaging counsel promptly keeps the transaction on schedule. 6) Attorney Contract Review Your attorney reviews the Purchase and Sale Contract for timeline feasibility, inspection and financing protections, title and survey provisions, well and septic language where applicable, and remedies for default. If needed, your attorney proposes addenda or amendments to fix gaps before everyone is committed. 7) Submit the Full Mortgage Application Turn your pre-approval into a complete application. Provide signed disclosures, updated pay stubs, tax returns, bank statements, and any documentation your lender requests. Confirm the loan program and lock strategy. 8) Stay On Top Of Lender Requests For Information Underwriting is document-driven. Respond quickly to conditions such as large-deposit letters, updated statements, homeowners insurance binder, and verification of employment. Delays here are a leading cause of missed closing dates. 9) Appraisal The lender orders an appraisal to confirm value supports the loan. If it comes in low, options include price negotiation, a larger down payment, or reconsideration of value with additional comps. Your contract should address what happens if value is short. 10) Home Inspection Schedule licensed inspections promptly within your contingency period. Typical inspections include general home, radon, water quality, and septic where applicable. Your attorney and realtor can help draft a repair request or price concession based on results. 11) Title Search Your attorney orders a title search to confirm the seller can convey clear, marketable title and to identify mortgages, liens, easements, covenants, boundary or right-of-way issues, and municipal permit matters that must be addressed before closing. 12) Review the Title Opinion or Title Insurance Commitment You will receive a title opinion or a title insurance commitment showing required “title curatives,” such as discharges of prior mortgages or releases of liens. Your attorney works with the seller’s side to clear these items. Ask about lender’s and owner’s title insurance coverage, exceptions, and one-time premium cost. 13) Closing Preparation A few days before closing, confirm your final loan terms, cash to close, and wiring instructions. Review your closing disclosure, homeowners insurance, and any association documents. Schedule a final walk-through to verify condition and agreed repairs. 14) Closing In Vermont, closings typically occur at the attorney’s office or lender’s office. You will sign the note, mortgage, and other lender documents, as well as the closing disclosure. Your funds are usually wired the morning of closing. Your attorney confirms that title requirements are satisfied and that the deed and mortgage are in recordable form. 15) Recording After signing and funding, the deed and mortgage are submitted to the Town or City Clerk for recording. Recording creates public notice of your ownership and the lender’s security interest. Your attorney also handles Vermont forms and municipal requirements as applicable. 16) Keys Once the closing is complete and documents are released for recording, you receive the keys and access instructions. Change exterior locks soon after possession, set up utilities, and store your closing package and title policy safely. If you want a clean, worry-free closing in Vermont, Peet Law Group can help with contract review, title search, title insurance, and the entire closing process. We serve buyers across the state from our offices in Williston and Hartford (White River Junction). Contact us today at: https://www.peetlaw.com/schedule-real-estate-lawyer-consultation