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Guidelines for Buyers
1. Review
the purchase agreement. Study it before you sign it.
2. Have
the purchase agreement reviewed by a real estate attorney.
3. Inspect
the inside and exterior of the house. Look for evidence of
damage such as stains or cracks. Ask about recent repairs
and/or fresh paint. Ask about the age of the roof, heating
and air systems etc. Walk around the exterior of the house
and look for stains and cracks. Check for drainage problems.
4. Hire
an experienced inspector. Read the inspection report.
5. Ask for
a seller's property disclosure. Review the disclosure and
ask about past problems and repairs.
6. Check
out the neighborhood. Observe such things as traffic congestion
and highway noise. Contact government agencies and inquire
about future plans that could bring traffic or noise.
7. Have
the property surveyed. Find out where the boundary lines are.
Find out about easements, encroachments, ingress and egress
etc.
8. Review
the wood infestation report. This report is provided by the
seller and may not be available for review until the day of
closing. Make sure that there is no active infestation of
wood destroying organisms. Inquire about prior problems and
repairs. See if there is a transferable termite bond.
9. Purchase
owner's title insurance.
10. Put
all agreements in writing and incorporate into the purchase
agreement. |