Making sure that all you ducks are in a row

I was reading the Wall Street Journal. There was a piece on Rookie Home buyers by June Fletcher. The article talked about a 1st time buyer that had saw the $8,000 tax credit and decided to buy a home in the Atlanta area. This person was a manufacturing engineer and actually did a quick walk through and decided to put a bid on it. He took a short vacation and the realtor informed him that the property was under a bidding war. Basically that means more than one person is bidding on it. So he upped his bid and won the condo, he got emotional on this condo. He won the condo and signed a 33 page contract and opened escrow. He got an inspection and found that the home had considerable more damage than he originally thought. The article talks about he had a problem getting out of his contract (probably a little overboard), you do have an inspection period that you can back out in.

Me and my team have all the processes in place that insure that this does not happen. We make sure that after escrow is opened we know exactly what we have to do. Through inspections and contractors all the bases are covered. You really need to do your homework when you start buying a home for yourself and investing. Check out the realtor and or person your using to find you a home. They should have a resume and some people you can call to verify that they know what their doing. Take your time and never do anything in haste. Making sure that all your bases are covered before getting into the real estate game!

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.wealthbuildingequity.com/