For Sale By Owners: New home buyer beware... part 3!

The condition of the property is one of the most important factors deciding ... did you get a good deal!

Buying a home is so exciting but many buyers get caught up in the cosmetic appearance of a home. It is the bones of the home that will determine how much it will cost you to maintain your home.

In Tennessee a Seller is required by law to fill out a "Property Condition Form". Many Sellers do not know this is required by law and many For-Sale-By-Owners do not meet this requirement.

This form is the seller telling you about any defects in the property, changes made such as additions, the age items such as roofing, heat & air and any upgrades.

A Realtor will require this form to be filled out completely and correctly plus you have an extra eye to keep you focused on the whole property not just the nice paint.

Also a Realtor has been in hundreds of homes and can point out things you may over look. Again, having a professional on your side is alway good.

I always suggest you hire a home inspector... they will give you adetailed report on your new property. This is another contingency you will want in your contract.

Good Luck with your new home purchase...

if you have any questions feel free to contact

Brenda Tressler

Click here for answers to your home buying/selling/financing questions.

Click here to return to part 1

Brenda Tressler

Loan Officer

Integrity Mortgage Services

(931) 206-1907 Cell

(931) 905-6900 Office

brenda@imsiloans.com

"Let me be your friend in Financing"