Is this required where you are and normally covered by the seller? Where I live, the buyer pays for those things if they want them and the buyer accepts the risk that if the sale doesn't close, they've spent that money for "nothing". Except I don't see it as as a loss. You can either spent a little bit on inspections to help yourself feel more confident in the quality of the house or you can spent a heck of a lot more on a house that might have issues you don't know about.... more
Absolutely. But it can be a no-win situation. In order to protect my own interests in a recent attempt to purchase my dream home, I obtained the services of a realtor to write my offer which was higher than a competing listing agent buyers offer. However, in order for the listing agent to avoid having to split her commission with a buyers realtor, she coaxed her seller into accepting a lower offer, reducing the total commission, netting the listing agent nearly double what she would have made otherwise.
That listing realtor worked my offer against her own and was working for own self interests. Realty business is still a crooked business, and it's not very well regulated. So, be careful, and don't take anybody's word for anything, and verify everything!... more
Find out if the owner, owns the home, or has an outstanding loan. Just go to a title company. He cant sell it to you if he doesn't own it outright without the lean holders permission. Also, you might want to talk to an attorney. You need to find out if the home is worth what he is asking for it, sometimes it's not, and thats why a contract sale. Also, you may want to see about working with a broker, their services are usually free to buyers on a standard purchase. I would charge a small fee to investigate this sale for you, and find out what you need to know and who we can contact to make sure your getting a fair deal.
Chuck Simpson Broker - SFR
Short Sale and Foreclosure Resource Certified
Oregon First Realty
Cell 503-380-7495... more