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Off-Topic Lounge Thread, Buying a new house in Numismatic Community; I am planning to buy a new house but I have heard that there are many legal implications involved in ...
  1. #1
    New Member Chester's Avatar
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    Buying a new house

    I am planning to buy a new house but I have heard that there are many legal implications involved in purchasing.
    Similarly what aspects should i look for in the building to evaluate the true price?
    Should i hire an attorney or a real estate agent?

  2. #2
    Numismatic gbroke's Avatar
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    Quote Originally Posted by Chester View Post
    I am planning to buy a new house but I have heard that there are many legal implications involved in purchasing.
    Similarly what aspects should i look for in the building to evaluate the true price?
    Should i hire an attorney or a real estate agent?
    There shouldn't be a need for an attorney when purchasing a house. A real estate agent and your mortgage broker will be able to handle everything involved with the process.

  3. #3
    New Member TOKEN's Avatar
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    The main things to check are the roof and the foundation. The inspector that you hire will check things for you. You should have him tell you how old the furnace and air conditioner are too and their condition (most last 12 years). Check with the neighnbor house to see if they have had to do foundation work, or have had termites, or any other major issues. The first thing you should do is get your mortgage company to pre-qualify you for the loan. Then you will know how much that you have to buy with. Both realtors really work for the seller, as that is who pays them. I would recommend you have a lawyer review the contract before you sign it (it costs about $150 here.) Good luck!! I had good experience with Quicken Loans for my mortgage.\

  4. #4
    Numismatic Zantetsuken's Avatar
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    I know it's been over a year since this this question has been posed but I'll answer anyway. 'Token' is right. One thing you want to check is the integrity of the home you're building. Another, is check to find out what pitfalls there are. For example, is the house on a flood plane? In an earthquake prone location? These are just examples, but things to consider. What you also need to consider is the annual property and school tax for the respective township. These two taxes can hit hard, so you need to weigh your budget and what is affordable. Trust me I know. My school tax is between $3,200 and $3,300/ year, and this isn't even close to the being the highest. My father passed away last September, and I was left the house. It's too big for me, so I'm planning to move out into a smaller home, hopefully with more affordable conditions. Good luck.
    Last edited by Zantetsuken; 07-04-2012 at 03:14 AM.

  5. #5
    Member Apparmsal's Avatar
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    In my opinion you are not right. I am assured. Let's discuss it.

  6. #6
    Member Apparmsal's Avatar
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    Also that we would do without your very good idea

 

 

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