Cash Buyer Checklist - Investing in Real Estate #asset #wealth

It's a Great Time to Buy!
If you're in the market for a home without the hassle of a mortgage and have wisely saved your money to pay cash for your next home or investment property, you've definitely got a powerful advantage in today's market.  However, just because you're not subject to the same rules and regulations that are required from mortgage lenders - doesn't mean you should just sign on any dotted line.  To protect your rights and best financial interests - consult with a real estate professional, such as myself, and follow this important checklist:

- Title Search:  This will show any liens on the property or title problems you might face

- Title Insurance:  A must-have for the cash buyer, especially when considering distressed or foreclosed properties

- Home Inspection:  Never buy a property without one.  It's the only way to ensure you know what you are purchasing

- Termite Inspection:  Tiny bugs = big problems with big repair bills.  Don't risk not knowing

- Property Tax Estimate:  Know in advance what your estimated annual tax will be

- Appraisal:  This will help you ensure that your purchase price is at fair market value

- Survey:  Another important way to ensure you have accurate documentation of your property

- Flood Zone:  If you are in a flood zone, your insurance company may require additional coverage.

- Hazard Insurance:  Have the property bound with insurance from the closing date

- Property Disclosure Form:  This form should reflect any known property damage, lead based paint, Chinese drywall, etc.  

- HOA Dues/Fees:  You'll want to know what you're getting into cost wise in terms of community dues

As a Realtor and consumer advocate, I will always ensure that your best interest are protected.  Call or email me anytime to discuss what you are looking for in a property and how I can get you the best property for your investment.

Felicia Jones, Realtor
Keller Williams Realty, BRE# 01977033
424.278.9426
homesbyfelicia@kwrealty.com
www.feliciajones1.kw.com

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