Comments on: Ten Tips for Buying A Home If You’re Clueless

By: jim

jim — Fri, 29 Sep 2006 20:04:23 +0000

Has a perfunctory home inspection ever come back to haunt you?

By: CK

CK — Fri, 29 Sep 2006 19:57:57 +0000

I’ve now purchased 2 houses and had 2 home inspections. They were both pretty worthless. In the future if I’m buying a home that is fairly new I’m skipping it.

By: Harrison

Harrison — Fri, 29 Sep 2006 13:58:13 +0000

I agree the point #2 and #3. First we must gain back the poor credit score, so we can bargain for a better deal for mortgage and loan. Then only aim for those we can really afford. Then change to those you dream for when you make money more than right now

By: saving money

saving money — Fri, 29 Sep 2006 07:35:23 +0000

I’d also add, don’t buy houses with incorrectable defects (on a busy street, etc) You may get it cheaper, but it will not incease in value near as much and will lose vaule more if the housing market tanks.

By: Chris Martin

Chris Martin — Fri, 29 Sep 2006 06:05:44 +0000

Obviously these tips are for primary resisidences right?

By: real estate pro

real estate pro — Thu, 28 Sep 2006 22:49:07 +0000

Get pre-approved, but if you go through an agent, they will typically use that information against you, if you tell them HOW MUCH you are approved for, since they represent the seller.

By: Toronto Classifieds

Toronto Classifieds — Thu, 28 Sep 2006 22:48:29 +0000

Well, buying home is a biggest investment in life and never should be hurried upon. Take your time and decide what you are looking for before starting to look for. This would help a lot. And also, make sure you have 20% down payment. This will keep in a good shape as having 20% down payment proves that you are worthy to own the home.

By: mark

mark — Thu, 28 Sep 2006 22:09:41 +0000

If youre single… dont buy a house. If you do… don’t do it until all your debts are paid and you have 20% down. Why you ask? Well because you’ll be a prisoner of debt for a long time … esp if you were dumb like me and did an adjustable rate piggyback STRONG ARM! Kicking my butt now with 11% interest rate. If youre single and theres a fair chance that marriage is in your 3-5 year future… just get a cheap rental and rock the retirement accounts… you’ll be much better off…. and your wife will hate your bachelor house anyway… and all the furniture that you buy for it. Good luck.

By: Brian

Brian — Thu, 28 Sep 2006 19:14:59 +0000

Can’t say I agree with #4 – we rushed into buying a home and only put down 10% which I would not do again – you’re forced to either take out a piggyback loan or pay PMI. However, I’m glad we did do #10!