Thanks for the advice, I appreciate it.  LMK if you think of anything to
add.

----- Original Message -----
From: "Edward Franks" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Saturday, February 08, 2003 3:28 PM
Subject: Re: [SWCollect] House (Off-Topic)


>
> On Saturday, February 8, 2003, at 02:56  PM, C.E. Forman wrote:
>
> > Hey gang,
> >
> > Getting way off-topic here, but I'm looking at buying a house, soon,
> > and
> > could use some advice from anyone who's been down this road before.
>
> Here's a couple of thoughts just off my head:
>
> I'd suggest getting a home inspection, especially if your state
> doesn't mandate the seller listing all known problems with a house.
>
> You might look into getting two loans (one big, one small) if you want
> to get around having a 20% down payment.  Just make sure that before
> closing time your loan company actually wrote _two_ loans, not one.  We
> ran into that one.  :-/
>
> Don't take points on a loan.  Points are a way of making you pay for
> the privilege of reducing the loan.  It is especially bad right now
> because interest rates are pretty low.
>
> The most important thing of *all*:  the real estate agent works for
> the _seller_ not you.  Because they get paid by the seller their
> 'loyalty' is to them, never you.  (Note:  If you are using a
> buyer-broker this is different.)  Also, they see so many people
> house-shopping that until you have completed a close you might just be
> another hot/cold buyer.
>
> If this is a brand new house make sure you budget for blinds/curtains.
>   Builders don't provide those.  Many, many people get tripped up by
> that and move into a wide-open house...
>
> --
>
> Edward Franks
>
>
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