Question:

Buying a newly constructed?

by  |  earlier

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I want to make sure there no construction defects AND assess the property value against their list price.

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  1. From your question I have to assume that you are new to real-estate.

    Lets start with the property value. As part of closing the bank will require an independant appraisle of the property. If it doesn't match or exceed your offer everything comes to a halt until that can get worked out i.e. lower the price or you giving a bigger down.

    Construction defects. Hire a realestate inspector. They will go in to verify everything is to code and every system works as it should. This is your expense, but worth every penny, about $400.pp

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