2006-09-06 22:07:13 · 6 answers · asked by Wesley 2 in Home & Garden ➔ Other - Home & Garden
Definitley make sure taxes are not owed.
An inspector can find things you never dreamed of. Even check with your state pollution control agency to make sure there were no spills of some sort in the past.
Try buying from the seller... they can tell you things a realtor can't or won't. Not to put realtors down but they seem to be getting a bad name around here like lawyers.
If you will carry a mortgage, pay extra on it whenever possible !! Stay home one weekend a month and make an extra payment. Paying mortgages off early only make things in your financial life easier. Those who say "you can never get ahead" are truly those who will not GET AHEAD... aaaaaaaah life is good for those who think & do positive !!
2006-09-06 22:21:58 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
1 - consider if this is a home you are buying to stay in forever - or if you are going to live in it and eventually move out, buying a second home and renting the first. That way you won't have to look for the best house necessarily - rather you will look for the best deal.
2 - Don't agree to pay back more to the bank per month than you already give on rent (for your mortgage). You have a budget that you know works and you shouldnt think you can afford more per month. You may be able to, im not suggesting otherwise, but banks are fairly lax about the amount of the monthly installement as you end up paying more and for longer.
3 - in order to avoid the negative side of long repayments balloon 10-20% of the loan as a one off payment at the end. Also try to get a low penalty agreed in case of early repayment.
Good luck, happy residing...
2006-09-07 05:14:14 · answer #2 · answered by Christopher 2 · 0⤊ 0⤋
I think the first step would be to get the builders credentials i.e how long he's been in the business, his list of previously done projects etc., then compare the standard of the materials used with a approved atuhority on the same. 3rd step would be to check the price with respect to the property location, area ofd the property and amenities. 4th step, if the developer is approved with major lending institutions.
I also think that the completion date and possession should be conclusively asked for in written
2006-09-07 05:13:39 · answer #3 · answered by ciraneoxidised 1 · 0⤊ 0⤋
put as much money down as you can afford to the lower your mortgage the better and set up your payments biweekly it will save you a ton and you will pay off the loan faster.
also check out the area at different times in the day. morning, daytime, night, really late at night. you dont want to find out that its a bad area come night time
2006-09-07 05:20:49 · answer #4 · answered by knowitall 3 · 0⤊ 0⤋
make sure to have an inspection done,and to make sure there is no taxes owed on it!
2006-09-07 05:10:19 · answer #5 · answered by cyndi b 5 · 0⤊ 0⤋
Don't do it
2006-09-07 05:29:50 · answer #6 · answered by St♥rmy Skye 6 · 0⤊ 0⤋