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#11
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I just put in a bid for my first place --did tons of research beforehand though. I'm only offering 30% of the asking price (long story) and think I have a good chance of getting it at that.
Don't be intimidated by the sellers agent, and don't be afraid to set your own price --and be prepared to walk away from any one particular property. Also anticipate the ancillary costs -taxes, lawyer fees, in the states I think titular insurance may be a good idea. ---make sure you do you "due diligence", one person I know lost 200k due to toxic waste cleanup on his new property. Another person I know found (covered up) mould in the basement, a 20k cleanup.... A cost benefit analysis comparing rent to cost of owning often puts owning as a good option around the three year mark, assuming you make a good purchase. | ||
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Last edited by Galanteer; 05-01-2013 at 01:13 PM..
Reason: spelling
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