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Old 05-01-2013, 01:12 PM
Galanteer Galanteer is offline
Kobold


Join Date: Jun 2011
Posts: 185
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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.
Last edited by Galanteer; 05-01-2013 at 01:13 PM.. Reason: spelling
 


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