As you all know the economy has not seen an upside in a long time. In fact we are in our second depression as if one wasn’t bad enough. But those who know me know that I try to find the silver lining to anything. So my friend and I attempted to team up and buy a house together. We found a great three bedroom three bathroom in Tempe for $120,000. But isn’t it always true that those things that seem to be too good to be true usually are.
After we had an inspection done and a contractor do a walk through we found several things would make the home more trouble than it’s worth. Something I have learned over the last few years of my life is when to walk away. Even when you have the paperwork ready and people are counting on you to go through with it there is something that I always keep in the back of my mind. Its just business, and especially when money is involved your needs and interests must come first above all else.
I am also in the process of buying a house. I have walked through dozens of homes and you are absolutely right that if it is too good to be true, it probably is not. Sellers try their hardest at hiding the bad stuff and hope you will overlook things. I am very meticulous with my search. All I can say is keep up the search and you will find that home you are looking for. Good Luck
ReplyDeleteWhat are you up to now that the election is over?
ReplyDeleteI'm sorry to hear about your home troubles. First time homebuying can be tough for many. I have attached a link to a thesis I just finished on the economy. Might take a while to recover but I have high hopes!
ReplyDeletehttps://www.box.net/shared/736lqh3n36