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Home Buying in Monte Rio : Real Estate Advice

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Activity 3
Fri Aug 14, 2015
answered:
Will Rogers said, "I only buy stocks that go up, they do not go up I do not buy them."

You have two questions here, should you pay cash or take a loan? If it goes up you should take a loan, if it goes down you shouldn't.

My best guess is that it will go up. Nobody knows.

Your 2nd question. How much down?

Most land loans require 35% down. So you probably will need to save some money. Here is a better idea.

Buy a home that is in need of work or the cheapest one you can. you can tear it down and your electric and sewer will already be in, which will save you thousands and thousands. You will be able to buy it with much less money down.
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Wed Nov 5, 2014
Tim Rosinski answered:
Everyone purchasing a house should review our home assessment check list before requesting a home inspection. We have designed a home assessment check list and encourage home owners and buyers to use it. Home inspections and radon testing are comprehensive home evaluations, and they are costly. So, before getting a home inspection and radon test do your own assessment it will help minimize surprises. Here is link to view or download assessment check list. http://www.rtpropertyinspection.com/HomeInspection ... more
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Wed Jan 21, 2009
Daniel answered:
If you are going to change up the legal wording of your states pre-printed standard purchase agreement, You really need a real estate attorney

If you are simply re-wording the "filled in " or "hand written" on the pre-printed standard purchase agreement, have a licensed realtor help you, and explain ... more
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