We went back to the seller with the results and asked them to fix each thing that was found. HUD-1 settlement statement: This details the cash flows among the buyer, seller, lender, and other parties to the transaction. This part of the transaction can have two possible timelines, one for a cash purchase and one for a financed transaction. Well anyway, the first house wasn’t too bad, a cute two bed, two bath with hardwood floors and two stories, but the current renter / tenant was a smoker and the place stunk like an ashtray soaked in warm beer. This house is in the same neighborhood as The Mighty Lime , Twin Zebras , and Purple Booties.
At the very beginning of our house hunt the fourth place we looked at fell into the short sale category. This negotiating process goes back and forth, in writing on the contract, until an amount that both sides agree upon can be reached. While the house may look good now, poor structure and foundation can lead to a lot of problems later. After searching and accessing if you can afford the property, its time to take action to buy the house of your dreams.
When we eventually found the sales office and enquired we were told that we would need to put a 10% deposit down immediately and the balance would be due within 7 days. The places that we had in mind that we planned to look for the house were Bayan Baru itself, Batu Maung, Sungai Tiram, Gelugor, Balik Pulau, Sungai Ara. It not only affects the value of the house but also decides whether the demand for the property would increase in the future or not.
Well, we bid farewell to David, after giving him some tourist tips on Boston, as we had just moved from there and he was on his way for a long weekend trip, and we bid goodnight to our first day of house hunting. Make sure they view the house with you at least once (their seasoned eye may see problems you missed), and don’t hesitate to bring them to the closing table, as well.
Our mistakes with that house were that we used the realtor from the open house so it was a dual agent thing. You need to consider the safety of the place you will be living in. Even if the house is so nice and is very tempting to buy, if its location exposes you to health or security hazards, it’s not worth having. Just because the house is listed on the market for a certain amount does not always mean that the bank will accept that amount. However, if budget is a constraint, you can get a good house by a smaller builder in a good locality. Just like everything in life, you need to check the quality of the house you are thinking about buying.