Ensure items like security systems or water heaters are not leased.
Final documents are signed, and you officially take ownership. IV. Neighborhood & Location Factors 10 Questions to Ask Before Buying a Home home buying questions
A general rule is to keep total housing payments (including taxes and insurance) below 28% of your gross monthly income. Ensure items like security systems or water heaters
A deposit showing you are committed (usually 1-2% of the price) that applies to the down payment. major water damage
Ask about the age of the roof, HVAC system, and water heater.
A letter from a lender confirming how much they are willing to lend you based on a review of your income and credit.
Serious red flags include structural foundation problems, major water damage, or outdated/faulty electrical wiring.