Rules For House Buying

• Jan 16, 2018

• #1

Jack Ryan

Senior Member

1 Never buy a house with an easement issue.

2 Never buy a house on the north facing hill.

3 Never buy a house on the other side of the creek from the public road.

4 Never buy a house on a cement block foundation.

5 Never buy a house from a fireman. They all think they are carpenters and have too much time on their hands.

6 Don't borrow money.

7 If you are going to get a mortgage any way, never let your housing expense exceed one regular 40 hour week take home pay check. NEVER.

 

• Jan 16, 2018

• #2

T-N-T

Senior Member

Never buy real estate on when emptions are high. You will over pay.

 

• Jan 16, 2018

• #3

NE GA Pappy

Mr. Pappy

my cement block full basement foundation has been great since I built my house in 1983. I poured a good foundation with plenty of footings, and haven't had a crack, split, leak or any settling.

 

• Jan 17, 2018

• #4

Big Foot

Senior Member

Easement issues - yep!!!! That's a fact!

 

• Jan 17, 2018

• #5

W

westcobbdog

Senior Member

I could add a few:
Employ a buyers agent to protect your interests, it’s free to you.
Buy owners title insurance. Beware termites and rodents, I am seeing these in more houses than not. Consider getting a boundary line survey, too. If the home inspector does not invite a bug / rodent man along be sure and invite your own. Get a 1 yr home warranty covering major mechanical systems not to exceed $500 or so, triple check the comps because prices are too high right now and you make your money when you buy.

 

• Jan 17, 2018

• #6

hopper

Senior Member

All good advise. Another rule dont let the advise above keep you from a good deal. Know what you can and cant indure if buying a problem house. Be patient and make sure the property meets your needs.
I just bought a house with all the above except easment issues. Min. home in hood sold for 257,000 last yr. other homes around the lake over a mil. no accosiations I paid 138,000 putting 50,000 into it and added 900 sqft and a bath.
Plan on 10 yr stay so my daughter can stay in school district. It took about a year to find.
Like I said above great advise but deals can be found in homes with issues.

 

• Jan 17, 2018

• #7

Nicodemus

The Recluse

Staff member

Never buy a house in town. Find one surrounded by plantations, farms, woods, and swamp.

 

• Jan 17, 2018

• #8

NE GA Pappy

Mr. Pappy

Nicodemus said:

Never buy a house in town. Find one surrounded by plantations, farms, woods, and swamp.

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Nic is right... Never buy a house where you can see your neighbors house

 

• Jan 17, 2018

• #9

JSnake

Useless Billy Bouncer

looks like I screwed up somewhere along the way

 

• Jan 17, 2018

• #10

W

WayneB

Senior Member

Nicodemus said:

Never buy a house in town. Find one surrounded by plantations, farms, woods, and swamp.

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better if'n you clear a lane to check and see if the mailbox flag is still up with a scope...

 

• Jan 17, 2018

• #11

Havana Dude

Senior Member

And never take advice from someone on the internet who thinks they know everything.

 

• Jan 17, 2018

• #12

Jeff C.

Chief Grass Master

havana dude said:

and never take advice from someone on the internet who thinks they know everything.

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bingo

 

• Jan 17, 2018

• #13

pacecars

Senior Member

I know several fireman that are dang good carpenters

 

• Jan 17, 2018

• #14

hopper

Senior Member

I know some carpenters that have gotten pretty good at putting out fires

 

• Jan 17, 2018

• #15

naildrvr

Senior Member

Nicodemus said:

Never buy a house in town. Find one surrounded by plantations, farms, woods, and swamp.

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The best advice yet. I have 1 neighbor that I can see, but she is an 85 year young widow so I don't mind seeing her house. The other neighbors are 1/2 mile on each side of me.

 

• Jan 17, 2018

• #16

Dialer

Senior Member

My house was built in 1977 on concrete blocks, surrounded by wonderful neighbors, absolutely love it! Very solid and homey, nice original cedar siding and brick. $110k. Valued at $145k after 2 years.

 

• Jan 17, 2018

• #17

NE GA Pappy

Mr. Pappy

Dialer said:

My house was built in 1977 on concrete blocks, surrounded by wonderful neighbors, absolutely love it! Very solid and homey, nice original cedar siding and brick. $110k. Valued at $145k after 2 years.

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Id bet in 77 it was probably 55 or less

 

• Jan 18, 2018

• #18

GA native

Senior Member

Don't buy a haunted house.

 

• Jan 18, 2018

• #19

Hooked On Quack

REV`REND DR LUV

Never buy a 2 story house, when you get old/drunk you sure don't want to be climbing stairs.

 

• Jan 18, 2018

• #20

NCHillbilly

Administrator

Staff member

GA native said:

Don't buy a haunted house.

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Truth.