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| − | When considering a home, hire only professional inspectors. While it will cost you, don't have a friend or relative do it, since something can be missed and you're left with no recourse.
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| − | Learn about what kinds of houses exist in the neighborhoods you're looking to buy in. You will want to avoid purchasing the largest and most valuable home in that neighborhood. It will be hard to sell a larger home, because the property value will go down due to homes in the area that are smaller.
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| − | Get a warranty for the house. When you buy a new home from a builder, or an established home from an owner, you should always request a warranty. The builder should be willing to back up his or her workmanship for at least several years. When purchasing a previously owned home, be sure to get a warranty for a year.
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| − | Decide in advance what you plan to ask a potential real estate agent. Your questions should all be relevant. For example, ask the agents about the number of homes they sold over the past year, and find out how many of them were in the neighborhood where you're planning to live. The agent should have the answers to all these questions and discuss these issues as a professional.
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| − | If you are serious about buying a house, measure it first. Ensure that the listed size matches the public records. The square footage recorded in both places should be no more than 100 square feet in difference. If they don't match, investigate further or reconsider the transaction.
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| − | When you are in the midst of a real estate transaction, prioritize your goals to get the best deal. Separate your "needs" from your "wants" and construct a list with your expectations ordered by importance. Make sure you stick to the important issues during negotiations. You must realize that few ever get everything they may want in a negotiation, so you must allow some issues to remain quite flexible.
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| − | When you're ready to buy a home, you're aware of the asking price. However, figuring out your offer is most important. Be respectful when explaining your offer to the seller, and you will be able to compromise on a good price for both of you.
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| − | Make a request, in your offer, for the seller assist with closing costs, inspection fees, and other expenses accrued in the process of the real purchase. It is not uncommon practice for sellers to pay or "buy down" a portion of the loan's interest rate for a period of a couple of years. When you include concession demands in your offer, sellers become less willing to lower their asking price.
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| − | Get a checklist from your realtor. A sound Realtor will already know everything that needs to happen for your home purchase to go smoothly and should have a checklist for you to know every step to be taken. Such a checklist enables you to dot all i's and cross all your t's.
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