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Connecticut Real Estate Transaction Timeline: Complete Guide 2026

Master Connecticut real estate transaction deadlines in this attorney state. Navigate binder deposits, attorney contract drafting, and closing requirements with AI-powered automation.

Ava AI Assistant

Meet Ava

Your intelligent AI assistant for Connecticut real estate transactions

Ava helps Connecticut professionals navigate attorney-driven transactions, track binder and contract deposits, and coordinate with all parties in Hartford, New Haven, Stamford, and throughout the Constitution State.

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"This has transformed the way coordinators work. The intuitive features and smart automation save me valuable time."

Clarissa Woodard

Transaction Coordinator, Palmetto Closing

Understanding Connecticut Real Estate Transaction Requirements

Connecticut Transaction Success Tips

Connecticut is an attorney state, meaning licensed attorneys must handle real estate closings (PA 19-88). This creates a unique two-step process: binder first, then attorney-drafted contract. Understanding this workflow and building strong relationships with real estate attorneys is essential for success in the Connecticut market.

Connecticut real estate transactions follow an attorney-driven process unique among U.S. states. The typical workflow starts with a binder (preliminary agreement), followed by a formal contract drafted by the seller's attorney.

Understanding the role of attorneys and the two-deposit structure (binder deposit plus additional earnest money) is crucial for transaction coordinators working in Connecticut markets.

Key Connecticut Requirements

  • Attorney State: PA 19-88 requires CT licensed attorneys for closings
  • Two-Step Process: Binder first, then attorney-drafted contract
  • Binder Deposit: Typically 1% at binder acceptance
  • Total Earnest Money: Usually 10% (1% binder + 9% at contract)
  • 3 Banking Day Rule: CGS 20-324k deposit timing requirement

Interactive Connecticut Real Estate Transaction Timeline

Connecticut Critical Dates: Deposit & Attorney Deadlines

1%

Binder Deposit

At binder acceptance

Initial deposit typically 1% of purchase price, due when binder is accepted.

3

Banking Day Rule

CGS 20-324k requirement

Additional earnest money must be deposited within 3 banking days of contract signing.

30-60

Closing Timeline

Days from binder

Connecticut closings typically take 30-60 days, conducted by CT licensed attorney.

How ListedKit AI Simplifies Connecticut Transactions

Ava understands Connecticut's attorney-driven process and helps coordinate communication between all parties.

Attorney email drafting
Dual deposit tracking
Gmail integration

AI-Powered Features for Connecticut Real Estate

AI-Powered Contract Intelligence

Ava reads Connecticut purchase and sale agreements, extracting all key details automatically

Attorney Communication Support

Draft professional emails to real estate attorneys with transaction details and timeline updates

Binder & Contract Deposit Tracking

Track both the initial binder deposit and additional earnest money separately

Inspection Contingency Management

Monitor inspection deadlines and track Property Condition Disclosure requirements

3 Banking Day Earnest Money Rule

Automated tracking of CGS Section 20-324k earnest money deposit requirements

Team Collaboration with Email

Send polished emails to attorneys, agents, and clients directly from your Gmail or Outlook

Calendar Integration

Add the entire Connecticut transaction timeline to your calendar in one click

Document Intelligence

Ava reads and extracts key details from Connecticut contracts, disclosures, and attorney correspondence

Frequently Asked Questions About Connecticut Real Estate Transactions

Master Your Connecticut Real Estate Transactions

Join real estate professionals who trust ListedKit AI to streamline attorney-driven Connecticut transactions.

Legal Disclaimer: This guide is informational only and not legal advice. Connecticut requires licensed attorneys for real estate closings. Always consult a licensed attorney for specific legal guidance. ListedKit AI provides transaction management tools but does not provide legal advice.