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For Sale By Owners: New home buyer beware... part 3!

The condition of the property is one of the most important factors deciding ... did you get a good deal!

Buying a home is so exciting but many buyers get caught up in A Home Inspector is always a good decision! the cosmetic appearance of a home. It is the bones of the home that will determine how much it will cost you to maintain your home.

In Tennessee a Seller is required by law to fill out a "Property Condition Form". Many Sellers do not know this is required by law and many For-Sale-By-Owners do not meet this requirement.

This form is the seller telling you about any defects in the property, changes made such as additions, the age items such as roofing, heat & air and any upgrades.

A Realtor will require this form to be filled out completely and correctly plus you have an extra eye to keep you focused on the whole property not just the nice paint.

Also a Realtor has been in hundreds of homes and can point out things you may over look. Again, having a professional on your side is alway good.

I always suggest you hire a home inspector... they will give you adetailed report on your new property. This is another contingency you will want in your contract.

Good Luck with your new home purchase...

if you have any questions feel free to contact

Brenda Tressler

Click here for answers to your home buying/selling/financing questions.

Click here to return to part 1

Brenda Tressler

Loan Officer

Integrity Mortgage Services

(931) 206-1907 Cell

(931) 905-6900 Office

brenda@imsiloans.com

"Let me be your friend in Financing"

Call Brenda for All your home loan needs!

Posted by Brenda Tressler on 11/18/2008 04:23 PM

Comments (4)

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4 Comments on For Sale By Owners: New home buyer beware... part 3!

NOV

Howdy Brenda

My friend

You are a 100% right about haven a Home Inspection contingency in the home buyen contract. One of the many things a good Home Inspector will let their Client's know about, is the ground immediately adjacent to the house graded so that it slopes away on all sides of the structure.

I'm enjoyen readen this here fine written seres of your's.

God Bless America

Hello! Dale: Thanks for being the first comment on my post...I have seen so many contracts that said you are buying my home for $XXXXX; with no inspection... no financing contingency. Having a good home inspection is a must! Thanks again... Brenda :)

NOV

Brenda - I agree you wrote a very nice blog, simple and to the point. I would not even think about buying a home without have a home inspection. I wish they would have had home inspectors why back when Ceil and I married and purchased our first home. Can you believe 3 bedrooms, l bath and a carport for under $10,000. We were close to Brooks AFB and right across the street from the elementary school.

Hello! Carl: Thanks for stopping by for a visit and leaving me such a nice comment. Boy, you can't get a car port for that price... I highly suggest all my customers to get an inspection. Brenda :)

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