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 Articles Is it a Good Deal? Evaluating Your Future Home. By Cindy Snyder Evaluating the true value of a home depends on its physical condition. A home that is in great shape is, naturally, worth more than a home that is in poor condition. The trick is in figuring out if it truly IS in great shape. This is not always so readily apparent. Look at it this way. Let's go shopping for a mattress. Now we have here two mattresses. They both look fine, but a mattress of poor quality will need to be replaced much sooner and may not be all that comfortable. Especially if the springs are poking you in the back! Same goes for buying a new sofa. It might look great, but if the frame is poorly made, how long before you will need to replace this sofa? It's no different with a home. A new coat of paint and some new vinyl in the kitchen is great. But what if, the foundation is cracked? What if the furnace is 15 years old and possibly in need of repair or replacement? The home may be worth a lot less than the asking price. The owners of the home are supposed to disclose problems. However, sometimes they don't or maybe they aren't even aware there is a problem. You need to insist on a professional home inspection. Your Real Estate Agent should be able to recommend one. If not look in the yellow pages under Home Inspection. Know what you are buying. Cindy Snyder operates Creative Mortgage Co at http://www.creativemortgageco.com/ and publishes a monthly newsletter. To subscribe go to: http://www.yahoogroups.com/group/0nly4Homebuyers She also offers a low cost alternative to healthcare at http://www.firsthealthsource.com/ |