| Tip #14 in our series of 70 ways to save
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| | you had to back out of the deal, you
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| money when buying a house is use a weasel
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| | would end up losing your escrow money.
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| clause to protect yourself.
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| | Another way to get the deal canceled is
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| Even if your lender does not require a
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| | to say that you did not qualify for the
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| pest (termite) inspection and the seller
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| | loan. Every offer to purchase should have
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| says he has never had a problem with
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| | the clause that if the buyer does not
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| insects you should get one done for
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| | qualify for the loan, the deal is dead.
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| yourself anyway.
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| | But if you followed our earlier tip about
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| If the house has a pest problem, and you
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| | having a pre-approval letter it will not
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| do not discover it, it could cost you
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| | be possible to use the mortgage clause as
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| thousands in repairs and months of agony.
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| | a weasel clause. So we use the pest
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| Spend a little money now to avoid
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| | inspection as the weasel clause.
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| spending a lot later.
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| | Just make sure to leave yourself a
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| A pest inspection is easy to do and
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| | backdoor in case you need to get away
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| relatively cheap. Just make sure you add
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| | from the deal. Maybe another house you
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| a contingency in your offer that the
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| | like better just went up for sale, or you
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| offer is only good if you approve of the
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| | decide you do not like the neighborhood
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| findings of the pest inspection.
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| | after all. Whatever the reason, it is
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| Notice the wording of the previous
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| | always a good thing to have an out,
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| paragraph. It says that you will buy the
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| | incase you need it.
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| house only if you approve of the
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| | The pest inspection makes a great weasel
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| findings. It does not say you will buy
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| | clause. But even if you do not use it as
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| the house if there are no termites. This
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| | such, make sure to get one done before
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| is what we in the business call a weasel
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| | you buy. Getting rid of termites is a
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| clause. It lets you get out of the
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| | very annoying and expensive proposition.
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| contract for a stupid reason.
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| | And not something you want to do for your
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| Even if the pest inspection comes back
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| | new house.
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| negative, you can still say you do not
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| | Spend the couple hundreds dollars and get
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| approve of the findings, and walk away
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| | it done. And add it to the offer that you
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| from the deal. And there is nothing the
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| | want to have it done, otherwise the
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| seller can do about it.
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| | seller does not have to allow you to do
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| Without this clause, if for some reason
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| | it.
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