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BUYERS PRE-PURCHASE CONSIDERATIONS
A. Choosing and using a real estate agent
B. Choosing and using a lawyer
C. Finding a lender
D. Housing market considerations
E. How expensive a home is affordable
F. New construction or fixer-upper
G. Personal preferences
HOME INSPECTION
A. Access
B. Additions
C. Appliances (age condition)
D. Boundary lines
E. Electricity
F. Floor plan
G. Gas
H. Heating and cooling
I. Insulation
J. Location
K. Lot
L. Monthly expense (insurance, utilities, repairs and taxes)
M. Plumbing
N. Roof
O. Sewers and drains
P. Size
Q. Structural defects
R. Termite infestation
S. Water heater
T. Wiring
PURCHASE CONTRACT
A. Conditions (inspection, financing, legal review etc.)
B. Date for closing
C. Date for possession
D. Deed to be furnished
E. Deposit
F. Description of real estate property
G. Inspection
H. List of personal property
I. Price
J. Proration of taxes, insurance, and other charges
K. Survey
L. Warranty
CANCELLATION RIGHTS
A. Defect in structure, plumbing, wiring, appliances, etc.
B. Easements and restrictions
C. Lawyer approval
D. Loan approval
E. Liens
F. Zoning
TITLE EXAMINATION
A. Easements
B. Liens
C. Mortgages
D. Restrictions on use
E. Survey
F. Taxes
CLOSING DOCUMENTS
A. Closing Statement
B. Deed
C. Loan documents
D. Survey
E. Title insurance policy
CLOSING COSTS
A. Closing document fee
B. Mortgage document fee
C. Proration of taxes, insurance, etc.
D. Recording charges for deed and mortgage
E. Title examination fee
F. Title insurance fee
G. Transfer taxes
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
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