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    Niceguycar's Avatar
    Niceguycar Posts: 1, Reputation: 1
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    #1

    Jul 10, 2007, 09:37 AM
    What should I ask when looking at a house I would like to buy?
    There is a house up the street. I currently rent and I think I would like to buy that house.
    What questions shoud I ask? What information is most important for me?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Jul 10, 2007, 03:46 PM
    The first two questions I would ask myself are, "Why would I want to live there? and "Can I afford to pay for the home?"

    There is also lots of information on the following sites that I think you might find to be helpful.

    Questions to Ask When Buying a House | NAEBA Agents Protect You

    http://www.ourfamilyplace.com/homebuyer/questions.html

    The following is from the site: HUD - 100 Q&A for Homebuyers

    I would suggest definitely checking out the site for other questions and answers.

    1. HOW DO I KNOW IF I'M READY TO BUY A HOME?

    You can find out by asking yourself some questions:

    Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
    Do I have a good record of paying my bills?
    Do I have few outstanding long-term debts, like car payments?
    Do I have money saved for a down payment?
    Do I have the ability to pay a mortgage every month, plus additional costs?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jul 10, 2007, 06:04 PM
    All of the above were great,

    And if you believe you are going to buy, get a complete detailed home inspection by a certified inspector. Check closely for mold, for foundation issues, termites and 1000 other things that can be costly over the short term.

    Then of course a title search to be sure the property is clear to be sold.
    And title insurance when you buy if there turns out to be a problem

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