Hidden Real Estate Points

Home and Garden - General
By: goodselfme    
04-Apr-2016
  • 01

    Home Owners Fees

    If you look closely you will find HOA or home owners association costs. It is best to investigate about this issue with the Home Owner's Associations in the area where you are considering buying or renting. This will allow you to also see the increases over a period of time. Both these investigations can give you a heads up for now and in the future to some extent. Some fees offered are mandatory while some are optional to purchase. Talk with people in the neighborhood. Attend a community meeting if at all possible to find out the underlying home owner finances you will be facing.

  • 02

    Property Taxes

    Most people will look in the current year to discover the taxes they will be paying on a property. This is a problem in many ways. One very important way is that as soon as a property is sold, the tax structure changes. It could be the most important examination if people go to the court house and look at the things that will be affecting the property you are buying. Be ready to pay your portion of the unpaid taxes that will be your responsibility. There might be interest and other add on's that you will need to pay before the property is put in your name.

  • 03

    Furniture and Appliances

    When people look at a lived in residence, it is easy to think the contents is just going to go with the purchase. This goes for furniture and major appliances. Make sure the contract is listing the items that will be included. Ask if you can pay extra if you wish to truly want to buy some item or items. Make sure you actually are left with the items you pay for on closing. Take pictures of the items you are concentrating on buying, so they are the actual ones you secure too. It could be an advantage to include your real estate person in this way of proof of what you will be buying.

  • 04

    Property Lines

    You really need to make sure you know the property lines. Some fences or other structures could have been erected between other neighbors before you came on the scene. Go do your own examination of the correct lines within the legal records. Make sure you also know if there will be a leeway or other consideration after you become the legal owner. Print the lines you find and compare those to the selling specs. It could be an advantage to talk with the owner and gain inside info if they are honest too. Talk to the listing real estate agent too.

  • 05

    Electrical and Plumbing

    Some homes have old and even out of line, electric and plumbing systems. Be very wise and have an inspection that includes all the working systems of the inside and outside of the house. Include the outbuildings and anything you will be buying. You will be responsible to update things as the new owner. Don't for get to investigate below the floor of the house in the slab, crawl space and anywhere electrical and plumbing is servicing the property. Inquire about the exterior items that are not on the specific land. Those might be a community center or similar structure. Keep asking some questions.







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