Knowing the property lines is the eighth segment of our House Buying Tips series:
When buying a house, don’t be too hasty to sign the papers–even if it seems like the perfect house. Many people get so focused on planning their lives in a potential new home that they may not look at other factors that could reveal some undesirable qualities in a new house. Do your homework first! Knowing how to bid, issues to walk away from, issues to utilize as a bargaining tool, or know if the timing is a factor will make you a well-informed buyer. We have gathered some of the best home-buying tips we’ve seen so you can get the most out of your money! Learning the exact location of a home’s property lines may help you avoid conflicts with your future neighbors. Avoiding a border dispute is our house buying tip #8.
Buying Secret #8: Avoid a Border Dispute
It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up.
At Stonebridge Mortgage, we thoroughly go over an applicant’s financials and find out what loan amount is appropriate. We will not put an individual at risk for default by overestimating his or her payment capabilities. Click to learn about our Real Estate Loan Integrity.
SRC: Click to read more house buying tips.