Aug 21, 2007
You Get Everything For The Asking In Home Deals – If Only You Are Waking Up
With the figures of foreclosure property deals soaring northwards, as is screamed by the headlines of financial news, it is high time now for buyers to wake up and use the situation to their best advantage. While closing the property deal with the seller and their agents, unless the buyers are cautious enough to establish their legitimate rights, they’ll have to kick only themselves later.
With the abundance of opportunities available for the buyers to choose from, they are very well placed now to have a thorough scrutiny of the property as well as the related paper work. While negotiating the price of the property, it should be borne in mind that the buyers are in an advantageous position, holding the cash in their hands and they have nothing to lose if the deal does not click, whereas the seller has a property (an immovable one at that) to be disposed off to get it converted into currency. Though the seller is eligible to get the fair and right price, the buyer should also get a saleable property. Hence care should be taken by the buyers to see and use the following check-list:
Final closing cost: Appropriate deductions towards discounts for a hassle-free closing of the deal are given for the asking by the buyers to the sellers. So don’t forget to ask for it.
Home Inspection: Ask for this important aspect of the deal, since the seller is mandatorily expected to fix the deficiencies/repairs/damages that exist in the property prior to the sale.
Radon inspection: The inherent and potential danger of Radon – a tasteless, odorless gas which can cause cancer – seeping from the floor should be checked invariably. By spending a small sum of $50 for detection (the remedial measures would also be not that expensive) of this you can escape from huge medical bills and mental/physical agony in future.
Home Warranty: This is a must for every home property to protect the future losses by way of possible damages, repairs or fixing the faulty apparatus which if not insisted upon from the seller right at the time of the sale deal will be costing heavily on the buyer immediately in the next year. The coverage is inexpensive and worth undertaken by the seller before handing over possession. So don’t forget to verify this and insist upon rightfully as a pre-condition.
Thus you can get the maximum out of the current market conditions and then only both the buyer and seller would be happy.
