Saturday, 2 February 2019
Before You Buy That Dream house
Before buying the dream house or any othe propety please take into consideration the following suggetions:-
Scrutinising The Legal Agreement
A home buying contract’s fine print might not be in your favour and failure to spot this before signing could cause some serious legal problems in future. Employ the services of an experienced property lawyer to help check the agreement and ensure that it is in your best interest. This might come at an added cost but it will save you a lot of headaches and money down the road.
Failing to Document Agreements
Document and get a lawyer to help you check all agreement and make sure the agreement is in your favour. Aftrall you are buying it. A home seller might promise to make some repairs or give you cash back for the repairs when buying but if this is not put in writing, there is really no assurance that this promise will be fulfilled. Make sure that you obtain all correspondences in writing and properly document same for future reference.
Investigate The Property This helps you to know the how much property around particular geographical location should cost and why is the property up for sale. Get the property history, this will help you make your decision.
Failure to inspect the property
You will never know everything about the property until you inspect it. The property ought to be in proper shape before you buy it, else you’d be acquiring additional expenses. Read about the home inspection process to glean the importance of it. Perhaps, more importantly, a home or property inspection can help in your decision to buy or not to buy a home or property.
Get a Good Propety Lawyer
You could be scammed. A lawyer will read between the lines and identify loophole and unfavourable term that may be injurious to you in future. This is a reality most property buyers are aware of but hardly take the adequate steps to avoid the occurrence. Make certain to hire a lawyer who could advise your on crucial matters and ensure all due process is observed.
Choosing a House That Meet Your Needs
It’s okay to fall in love with a home but that doesn’t mean you should just go ahead and buy it without considering if it will be suitable for you and your family. When you find a home you love, consider your short and long term personal/family needs and find out if the home fits those needs.
Some neighbourhoods are relatively noisy or unsafe to take an evening stroll in, and this might not be very good for your family. Drive by the neighbourhood at various times of the day to get a feel of the neighbourhood. You can take it a notch further by having a chat with your potential neighbours in order to ascertain their opinions on factors like safety, proximity to important amenities and culture of the people in the neighbourhood. Such information helps you gauge the suitability of a neighbourhood.
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