Thread: I've Lost It!
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Congratulations!!!!
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JERRY2KONE
JERRY2KONE SUPERMAXX
 
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Join Date: Sep 2006
Location: HAYMARKET VIRGINIA
Congratulations!!!! - 03.15.2011, 11:05 AM

Great to hear. I bought my first house in Hawaii when I was 21. I have owned several homes now along with some in different countries. I have never lost any money on selling a house YET. Advice, well let me see.

First: thing I would say is try to get your real estate agent to include as part of the sale that the seller provide a home warranty for at least one year. If anything goes wrong it will be covered(minus a $60 deductable fee for each incident). I believe we have AA warranty services and they use Sears to cover most calls. It can really save you some money when your moving into a house you know very little about. There are always hidden surprizes to deal with, even if it is a new home.

Second: Make sure when your setting up financing that you include taxes and insurance with your monthly mortgage payment. It sucks when you have huge tax or insurance payments due one time each year. That is what escrow is for.

Third: Make sure that the house is protected by a termite bond, if not make the seller do it. In some states it is required by law. I have seen and had serious termite damage and it is no laughing matter. With out treatment and a bond it can litterally cost you thousands of $$$$$$$$

Fourth: make sure you have some emergency cash stowed away for when something unexpected comes up. At least one or two months mortgage is a good place to start.

Fifth: Make sure when you have to do any improvements of any kind that you do not try to go the cheap way just to save a few bucks. It will kill you later when you finally do decide to sell the house. Do it once, and do it right the first time.

If you share some details about the house we might be able to inform you better on what to look for and what not to do. Slab, siding, Paint, roofing,windows, plumming, electrical, Etc. Etc. Etc....

I hope this info helps you out, and good luck with your life investment.


SUPERMAXX YOUR LIFE.

Last edited by JERRY2KONE; 03.15.2011 at 11:06 AM. Reason: ADDING INFO
   
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