Avoid becoming "house poor" by looking beyond the monthly mortgage payment.
Look for "stair-step" cracks in the foundation or brown stains on ceilings, which indicate past or current leaks. things to consider when buying a house
Expect 3% to 4% of the purchase price in out-of-pocket closing costs, including transfer fees and inspections. Avoid becoming "house poor" by looking beyond the
Request a pre-approval letter that does not state your maximum amount . Showing your full hand can weaken your negotiating power. Request a pre-approval letter that does not state
A house can be renovated, but its location and surroundings are permanent.
Ask about planned developments nearby. That beautiful open field behind the house might be slated for a housing complex next year.
If buying a condo, check the reserve fund. A deficit here could mean massive "special assessments" (extra costs) shortly after you move in.