6. Think long term. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in this home for a longer period? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that will best suit you. 7. Insist on a home inspection. If possible, get a warranty from the seller to cover defects for one year.
Home Inspections and Home Warranties are common place in today's real estate market. It is extremely important to have a home inspection. This is a detailed inspection of the home from top to bottom revealing aspects of the home that an ordinary person would never see. A home inspection itself can last up to 3 hours. Everything is gone over, plumbing, electrical, roof, structure everything. You will receive a detailed report, usually with photos describing every detail of the report.
A home warranty is not that expensive and can give the buyer peace of mind the first year they are in the home. If you are like most people, you are tryng to get the best bang for your buck. Saving every penny for that down payment and closing costs. The last thing you need is an unexpected repair on an appliance, furnace or air conditioner. A home warranty covers most items in a home except structural issues. This is a good selling bonus to the buyer, but if the seller just can't afford to provide the warranty, I have had many buyers purchase the warranty themselves.
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