2006-06-19 12:18:40 · 7 answers · asked by jrod21dew 2 in Business & Finance ➔ Renting & Real Estate
1. Never believe anything
2. Check on termite papers on the house(this require in most states)
3.Have a certified electrician inspect the house for faulty wires
4.IF the house is more than 30 years old have it be checked for lead seeing as if the lead can be in water supply and call mental illness.(older house have lead based paints that chip off over time that young children eat can cause them to be sick)
5. If it is a foreclosure make sure that you finalize soon
6.Have the house appraised by a Home Inspector(not an appraiser) the appraiser works for the gov.t and wants to value the house higher that way you pay higher taxes. Ex. a house that is appraised at $250,000 will pay $1,500-$3,000 in taxes while a $100,000 might only have $500.00(APPRAISERS DONT CARE THEY WORK FOR THE GOVERNMENT.THEY WILL VALUE A $50,000 AT $70,000 JUST TO PAY HIGHER TAXES!!!) IF THEY SAY IT THAT MUCH ASK TEHM IF THEY WOULD BUY IT FOR THAT!!!
7.Never but a down payment until you are sure you want the house
2006-06-19 12:41:35 · answer #1 · answered by tiger_9885 3 · 0⤊ 0⤋
Don't ever pay retail.
This requires you to do some due diligence. Checking the Internet and newspaper everyday.
Try to find a for sale by owner, you will more likely pay less, just make sure to have a real estate attorney look over the contract or write it up for you.
Don't rely on a Realtor to find you the property. Sorry to say, my experience has been they only show you what they want to show you and not what you are really looking for.
I finally found my dream home looking on my own on line. It was a FSBO I paid $54 a square foot and it was a steal.
When you agree to a price, make sure to get an inspection from a reputable inspector.
Also, make sure to get a termite inspection and if it hasn't been termite treated, the seller will need to pay for that treatment before you close.
You will need to get a survey from the seller. Do this before you close.
Make sure to have your attorney write up a contract before you put down any money.
I think I covered everything. I hope this helps. Good Luck!
2006-06-19 14:31:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Study your market well. When possible use a qualified Realtor (don't hesitate to ask lots of questions and expect lots of answers). A realtor can save you thousands. Get a good home inspector, and unless you have cash, get a good mortgage broker or lender. A bad one will cost you thousands.
2006-06-19 12:27:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
http://www.pauld-kw.com
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If In Alabama - e-mail me
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2006-06-20 13:57:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Talk to a Realtor and see what the market is like in the area you want to buy in. ex: right now in Utah, its a sellers market, sellers can ask any price and people will buy; Its insane.
2006-06-19 12:24:12 · answer #5 · answered by cowboy_bebop_ed2000 3 · 0⤊ 0⤋
Get your own apprasal and inspection. It will save you lots of money if the house turns out to be a dump.
2006-06-19 12:22:02 · answer #6 · answered by zenkitty27 5 · 0⤊ 0⤋
if you're a first time home buyer, there are a lot of programs out here in the bay area (california) available to you... hop on bayareahomesale.com...
2006-06-19 12:22:34 · answer #7 · answered by rythizzle 2 · 0⤊ 0⤋