Tuesday, July 13, 2010

4 Home Buying Tasks You Must Not Skip

The real estate industry wants us to ignore the whole concept of "buyer beware" and just pay the full asking price ... or more ... so they can make quick money.

So here are my recommendations to help you protect your interests in an indifferent world.

Be sure to ask first to see utility bills for at least six months to one year on a home you are considering buying. If a bill is too large, may find an indication of the error in the insulation, plumbing or other things you should know that there are expensive.

Do not forget the second inspection. Hire a home inspector to look over the property. Any defects that are present can cost you money if you do not know about this before the new owner. A house we are considering the purchase of more carbon monoxide than putting the heating system heat. There is an error that can be fatal. HVAC systems are expensive. Funds that have been broken into and crumbling, a problem, too. Finding a good inspector without the help of a real estate company. They often compete with each other. You pay for the inspection and the inspector should be aware that he / she works for you.

3rd Do not forget to actual data for the current re-sales in the neighborhood to get your target audience. Research into sales (closing) price of homes in the area you want to call home. This information is available in the tax records of the town as public information. Only very recently re-sales questions. An appraiser can show you real data on what homes sold in the immediate vicinity of the home you are considering. A broker can also use this data MULTI list, but they often do not want to give you the relevant facts, or because they do not know how to get it right. Ask them for a list of all closed sales that have occurred in the immediate surroundings in the past 60 days, omitting all new dwellings. Drop the high and low and average the rest of housing similar to the one you want.

Never skip the fourth title search. Many times brokers and developers will try to help you to ignore this important step. It must be the last day if possible. It is designed to give you a clear title, no construction liens or debt security rights. You do not want to pay other bills, huh?

It is important to take such measures to protect yourself in any property market, good or bad. It's just common sense. But when markets are trending downward, it is particularly important.

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