Buying a home is the biggest investment in a person’s life. Such a purchase should be made cautiously and, perhaps, with the
assistance of a lawyer. If you’re looking at houses, remember that the realtors involved have one goal –to make the sale. The realtors won’t have to “live” with your purchase –you will. So make your choice carefully, even in the face of strong coaxing by the realtors.
When you attend a showing, make sure you pick up and study the Seller’s Affidavit that is “supposed” to disclose all hidden defects and past problems which the seller knows about. But some sellers have never lived in the house and the buyer is responsible to discover all visible problems. A “visible”problem might be wood powder along a baseboard. You may not realize that the powder might indicate termite infestation but it places the risk on you to have it checked out. Hiring a home inspector is wise but check the service contract for disclaimers and limits on liability.
Finally, remember that your “deal” is created by the purchase contract so make sure you are completely satisfied with its terms. They are final.
If you are considering buying real estate and would like advice from an attorney you may contact our office at 937.339.3939 and appointments are usually available with 24 hours of your call.