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Article #169: 70 Ways For Home Buyers To Save Money When Buying A Home: Tip #15

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Every house has something wrong with it. contract.
Even brand new homes. Homes are made by Any time you have a foundation problem,
people out of wood and stone. Neither the or anything similar you have to be very
people making the house, nor the wood and careful in proceeding. Foundation
stone it is made out of it are perfect. problems are very expensive to fix and
Mistakes happen and less than perfect unless the problem is fixed and the
materials are used. repair company will keep the warranty in
Sometimes this results in a problem. That place for you as the new owner you might
is why you need to get a home inspection want to look for another house.
done before you buy any house. In fact, If the problems are not major, you can
you should have it in your contract as a ask the sellers to simply reduce the
contingency that you will only buy the price of the house by the amount it would
hose if you approve of the findings of take them to have the items repaired.
the home inspection. This works great if you are handy with
Notice the wording of the previous your hands or know a carpenter or someone
paragraph. It says that you will buy the who can do the work for you cheaply.
house only if you approve of the Normally, sellers overestimate the amount
findings. It does not say you will buy these repairs would cost.
the house if there are no termites. This For example, if there was a leak upstairs
is what we in the business call a weasel and the downstairs ceiling is stained,
clause. It lets you get out of the this looks like a serious problem. But if
contract for a stupid reason. the leak is fixed and the ceiling is
If the home inspector has several items replastered and painted, the problem is
of concern for you on his report, you solved. To a contractor this is a 2 hour
have a big decision to make. Will you be job and cheap to fix. But for a seller to
able to live with the house if the call a contractor and get it fixed it is
problems are repaired? Will these a major hassle and will cost a few
problems cause you a problem when it is hundred dollars. Money that any seller
time for you to sell the house? Can the with common sense will quickly deduct
problems be cheaply repaired or will the from the sales price of the home if you
problem keep occurring? will let this problem go.
If the problems can be fixed, you can ask The home inspection and the home
the sellers to have the items fixed, or inspector are two of the best friends a
to reduce the price of the house the same home buyer has. Make sure you use them to
amount as it would take to pay to fix your utmost advantage. They can save you
those items. If the items are too large, a lot of money when buying a house.
you should be able to back out of the






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