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Home Repair (alt.home.repair) For all homeowners and DIYers with many experienced tradesmen. Solve your toughest home fix-it problems. |
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I assume most of you have their own home, that is why you might be able to give me an advice
I am buying a small house not in the best shape but anyway. Never owed
a house before. The real estate guy is nice but how honest and smart he is - I don't know. What do I have to do to handle this purchase as best as possible? What I know is that 1) I pay a deposit, (couple of thousands) and then monthly installments. So, I need a contact for that and a receipt, right? 2) What do I need to make sure that I really get the house? I sign a purchase agreement for the house? Who prepares it? Who signs it? 3) I pay the real estate guy or the owner? Or depends? 4) I need title insurance? When is the best to get it? Same day, I purchase the house? 5) What about a warranty deed? 6) Do I have to go to local agencies to inform them that I am the owner? Do I have to sign papers with them? 7) How can I find out if unpaid taxes or lien or other stuff is on the property? And do I need an insurance against that too? Did I forget something? Joe P.S. Thanks for the answers to the other thread with the noise reduction. Some gave good advice. |
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