Some years ago, my husband and I bought our second home. We found what we thought was a great house, made our offer, and then entered into a contract. Later the next day, I began thinking. The home seemed dark inside… so many trees. And we’d have to repaint and re-carpet… hmmm how much was all that going to cost? And the den, with all those dark beams running across the ceiling, they would have to be removed. Suddenly, I was besieged with fear. What had we done? I was in a full fledged panic now, and was feeling trapped by the contract. This house was just all wrong! I wanted out!

I had a good case of what we in the business call “buyer’s remorse”. And this is where many deals are lost, or buyers get themselves into trouble.

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Posted in Tips for Home Buyers at July 31st, 2008. No Comments.

This is Business- Don’t take it Personally!

Different states have different rules regarding defects and disclosures (consult your local Realtor for details). Alabama is what we call a “non-disclosure” state, otherwise know as “buyer beware!” What this means is that it is up to the buyer to uncover defects.

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Posted in Contracts at July 31st, 2008. 6 Comments.