Thanks!
2007-03-21 09:51:02 · 3 answers · asked by an1 1 in Business & Finance ➔ Renting & Real Estate
Hopefully you have learned from all the mistakes of the first time. You will insist kick-out clauses for failed inspections. You will insist on escrow accounts for work not completed at closing. You need a kick out for the appraised values. You will also know that the realtor works for the seller, unless you have a buyer/broker agreement in place. You will know that you should have a pre-approved loan established.
There are about another ten thousand things that you will eventually remember that you forgot.
2007-03-21 10:21:15 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
I feel that the first time buying a home is a learning experience filled with lots of questions and surprises. The second time around should be easier and the bank lending the money for second home will be pleased with payments made on time with prior home. Other than that, I feel it's a personal experience as far as buyers being smarter, and more aware of the lending and buying process.
2007-03-21 16:57:16 · answer #2 · answered by kathryn319 2 · 0⤊ 0⤋
Well hopefully you are more knowledgable. Hopefully you have more money to put down or in the bank from equity on the home you have sold. Besides that it is the same thing.
2007-03-21 17:01:30 · answer #3 · answered by konitchiwa bitches 2 · 0⤊ 0⤋