Monday, April 19, 2010

Common Errors when Buying new House

A home inspection can find problems with the foundation, electrical, plumbing, roof, attic insulation, and heating and air conditioning. In some states, separate licensed inspectors offer mold or termite inspections.

Hire a real estate attorney.

When signing a sales contract, buyers usually have to put up 1% to 3% in "earnest money," which they don't get back if they pull out of the deal except under certain conditions spelled out in the contract.

Don't underestimate insurance costs and fail to budget for them.

The World's Most Affordable Retirement Haven.

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