Tuesday, June 23, 2009

Family Real Estate Problems

From the time the young couple sets up housekeeping, it is beset with an ever-changing succession of shelter problems. The small print in the first apartment lease raises doubt as to the rights and liabilities of a tenant and the responsibilities of the landlord. Just the matter of picking the right location and selecting a dwelling unit which will return the maximum dollar in comfort, quiet and satisfaction involves choices which call for knowledge of real estate productivity and its origins.
When inevitably the urge for a home of one’s own becomes irresistible, the young couple, now blessed with two or three little ones, faces an awesome array of decisions. How expensive a home can we afford? What is a good location where the investment value will be best protected? How can tell if a house is well constructed? Where do we go to shop for a home? Shall we use a broker and will his commission mean that our house will cost more? How do we tell whether $17,500 is too high a price for this home? Do we need a lawyer, an appraiser, a surveyor? How can we stretch our $2,500 down payment in order to have the home we want and need? Where and how can we secure the best mortgage financing?
These points of decision are just a few examples of problems of home buying or home financing. They are repeated when the family expands into another larger home and there are accompanying problems of selling or trading the original house.

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