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NEVER Buy an Affordable House Without Doing This…(Explained) 

Wayne Turner
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Affordable houses can appear to be a fantastic opportunity, but it's crucial to approach with caution. Before taking the plunge, it's necessary to evaluate all variables, particularly if you're eyeing a property that seems like a steal. Factors to consider when purchasing a house include surveys, title policies, and flood zones. It's also vital to assess the quality and suitability of the land for your intended use. Furthermore, it's critical to factor in the cost of any potential upgrades or improvements that may be required, as well as the value that they will add to the property.
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When it comes to buying a house, it's crucial to remember that a low price tag does not always equate to a wise investment. By meticulously examining all the variables, you can make an informed decision that will reap long-term benefits. Therefore, it's essential to do your due diligence and thoroughly evaluate the property before making any commitments. By taking these steps, you'll be on your way to owning the perfect home for you and your family.
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DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.

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17 июл 2024

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Комментарии : 17   
@jimh2061
@jimh2061 Год назад
Isn't your real estate agent suppose to connect you with a title search company to make sure there are no leans or back taxes along with a clean title. It is also required for a bank loan too.
@mikerichards8400
@mikerichards8400 Год назад
Thank you for giving us another informative commentary about what we must know before we buy a house/property. Outstanding.
@soniasias6226
@soniasias6226 Год назад
My Grandmother had a house next to a vacant wooded property. Soon came a giant nasty trailer park. 😢
@FreshGrey-pm4vw
@FreshGrey-pm4vw Год назад
I bought a house with a terrible easement which caused massive problems with creepy neighbors.
@fitter70
@fitter70 Год назад
Good advice! Thank you.
@1331RECIPROCITY
@1331RECIPROCITY Год назад
I thank you kindly Sir.
@Theinsomniac826
@Theinsomniac826 Год назад
Thank you for this.
@TheRealWayneTurner
@TheRealWayneTurner Год назад
Thanks for watching!
@oldfella2247
@oldfella2247 Год назад
I don’t understand why being a “cash buyer” is so much more desirable. At the closing the seller gets a check for the same amount either way. The only small advantage I see is that it won’t have to appraise if you are a cash buyer.
@paulyuricek1538
@paulyuricek1538 Год назад
Are you sure it's only five thousand to replace a septic system? I usually see 20,000.
@renatomsgomes
@renatomsgomes Год назад
Why no mention of timber rights?
@HB-yq8gy
@HB-yq8gy Год назад
I hate any type of HOA. We sold our 2 bd condo in So, Jersey in 2021 for a loss. I was an HOA board member who soon realized the HOA was broke gotta sell quickly! We had only $10,000 in reserve to maintain 150-unit condos in 1980's style converted garden apts! You can't get a mortgage here cash only! We sold for $71,000 cash and purchased $55,000 in 2005. Plus converted from 1 bd to a 2 bd basically just broke even DYI labor cost & sale price😒
@thekilla2885
@thekilla2885 Год назад
The i.r.s.didnt ask you where did you get the $?
@HB-yq8gy
@HB-yq8gy Год назад
@@thekilla2885 Yes cpa did our taxes enter condo sale price plus some bs write offs. No more tenants & toilets.
@jabrowski_
@jabrowski_ Год назад
I was like 420. Nice
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