What You Need to Know Before You Buy Your New Home

Disclosures from the Seller

Touring the property you are interested in buying, checking out the walls, the ceiling, faucets and light switches may reveal many truths to you but not as many as you would have discovered if you were living in it. Since the seller is someone who owns the house and may have lived in it sometime, possesses a lot more information about the property and would be able to provide you with quick and relevant facts concerning the house. Keeping this in mind, make คอนโดมือสอง พร้อมพงษ์ specific disclosures a part of your offer.

When you come right down to it, you want to be aware of all loopholes and undesirable facts regarding the property you intend to buy that may make you reconsider your decision. The information would encompass all problems areas located in the house or may concern the locality. For instance, the house is located in a noise zone, flood zone or some other kind of perilous setting that is highly disagreeable.

When you have hired an agent to represent your interest, acquiring a disclosure becomes a tad easier. Normally, individuals selling property are not bound by the State to supply disclosures to the interested buyers. Similarly, many banks selling foreclosed property are also free from any such obligations. However, smart buyers value their time and strive to acquire property disclosures by making them a part of their offer.

Condition of the Property

Walking into a home you just bought only to find it in a chaotic mess is one scene you would want to avoid at all cost. Therefore, make provisions in your offer for a requisite state and minimum standard in which the property would be accepted. To save yourself such unpleasantness and ghastly shocks of catching the neighbors dumping trash in your backyard or something much worse, try to act beforehand. Later, you might not be in a position to help matters.

Infuse your offer with provisos that would protect your interest all the way. Here are some requisites that you can include; roof in perfect condition, no leakage, appliances in working order, no broken windows or cracked walls, plumbing in working order, yard in good condition and the flotsam and jetsam have been removed.

Inspections You Should Require

In addition to a general appraisal and a termite inspection, a good idea is to hire a professional to examine the house for problems that might have escaped your notice. A professional is trained to inspect and uncover hidden problems and save you later inconveniences. So, even if the revealed damages are not the seller's duty to replace or repair, you will be aware of their existence and be prepared to deal with them.

The seller of the property would push for a swift inspection and a speedy approval, so that the deal is closed as quickly as possible. On the other hand, the buyer would want to take his/her time for considering the results of the inspection and giving his/her approval. If the buyer finds the report unacceptable, that may instigate further negotiations with the seller, concerning the repairs or replacements and the incurred expenses. After an agreement is reached between the seller and buyer about who would pay for the changes, the approval is given. Conversely, if no agreement is made, the purchase maybe annulled without penalty, but only if the buyer has integrated a timetable in his offer.

Take your time. A maximum of 15 days can be taken for acquiring the inspection report and 5 more days for its appraisal.

Final Walk-Through Inspection

Prior to closing, it is best if you revisit the house you are about to buy, to ascertain that it is in perfect order, just the way you stated in your offer. Plus, check if the required repairs have been made. The final walk through must be conducted at least 5 days before the closing. Remember to include, the final inspection of the property before closing, as a proviso in your offer.