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Path: utzoo!linus!philabs!cmcl2!rna!rocky2!cucard!ccnysci!sukenick
From: sukenick@ccnysci.UUCP
Newsgroups: net.consumers
Subject: Re: Need advice on bidding on a house
Message-ID: <159@ccnysci.UUCP>
Date: Fri, 27-Sep-85 11:35:04 EDT
Article-I.D.: ccnysci.159
Posted: Fri Sep 27 11:35:04 1985
Date-Received: Wed, 2-Oct-85 11:19:32 EDT
References: <713@whuxl.UUCP> <ihu1m.688>
Reply-To: sukenick@ccnysci.UUCP (George )
Followup-To: net.consumers
Organization: City College of New York
Lines: 26
Keywords: mortgage, insurance, contract
Summary: 

>> (3) Should I apply for a mortgage now, before I've found a house, or wait
>> until I find one?
>> 
>
> If your realtor is worth their salt they will look for you at all
> alternatives.

	Maybe your broker will get you the best deal - but shop around
yourself to be assured of it.
(My friend did and got one with the same points as the one the broker
found but interest was lower by 1 point). Same goes for fire insurance -
my friend found a policy 30% less $$$ and more coverage. 
>
>1. Make sure you account for loose ends like things that need to
>be fixed. Tell your lawyer that you want some contingency to make
>sure things get fixed and when you close, don't wimp out, make them
>pay up.

Also, anything that is to be included with the house should be in the
buying contract. When the seller says 'Oh, I'll leave the refrig in the
basement,alarm system,tools, etc etc', make sure it is written and 
itemized in the contact.
				Best wishes,
					GDS


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