data. If you’re not using an agent, you can obtain this information through a local title company or order online for a small fee.
MAKING THE CHOICE
Once you’ve done all your homework, make sure to evaluate all the information available to you from the viewing of the house, inspecting its condition, and obtaining public records.
Keep in mind:
• You will likely need to compromise on some of your priorities. No home is completely perfect, and a first home is often a “starter” on the way to a dream home. However well it fits your needs, desires, and lifestyle, there will be things you wish you could change. At the end of the day, you’ll need to decide the factors that are most important to you. • If finances are the issue, you might want to discuss with your lender whether they would be willing to increase your mortgage. But use caution, and only do this if you can afford it—there’s no point in getting into financial trouble just to get a specific property, when more affordable ones could do just as well. • Lower your expectations on the condition of the home. If your inspection revealed a few small problems, you could still buy the property and do the repairs yourself. Use the problems as a bargaining chip to get a reduced price from the seller after getting a quote from a professional for the cost of repairs. Don’t estimate based on your judgment, and don’t let the seller decide how much he thinks it will cost. Ask a professional yourself. • In some cases, be prepared to walk away. This echoes to 41
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