Buying a Pre-Owned Home
 

   
     
 

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Home Buying Guide $11.95

Contents:

Where do you want to live ?
  New homes
  Pre-owned
homes
  Relative prices
  Buy to sell
at a profit
  Selecting a
real estate
agent
  Hire a home
inspector
  Viewing 
homes
  Working with
agents

   
How much house can
you afford ?


Getting pre-approved for a mortgage.


Selecting a
home


Negotiating 
a price
 


Closing the 
deal

 
Calculators
     Closing costs
  Monthly mortgage payments
  Monthly cost of increasing  loan amounts
  Pre-Qualification
of loan amounts
  After tax cost of owning a home
  Lender's view of monthly mortgage payments
 
Home Buyer's check list
Real Estate Contracts & Forms $12.10
Contact Home Buying Tips
  
Useful
real estate
web sites
How to sell
a house

After Buying

 

 

   
  The best homes in America are pre-owned, but you don't have to live in the White House to find big advantages in older homes.  
 

Advantages of older homes:
  • Lower purchase price:  prices are not only more negotiable, they start lower than prices for new homes of similar size.
     
  • Established neighborhoods:  schools, transportation, shopping and entertainment can be examined right now.
      
  • Builder errors have been detected and resolved:  no need to guess how an old home will age.
     
  • Cheaper to move into:  window shades and blinds are in place, landscaping, patios and fences are complete.
     
  • Style and craftsmanship: plaster walls, parquet floors, wood paneling  and 12 foot ceilings are prohibitively expensive in a new house
 
     
     
   
     
 
The downside of older homes:
  • More expensive to operate:
    Major appliances,  plumbing and heating systems will need some maintenance during the first year.
    Lack of modern insulation materials means bigger gas and electricity bills to heat and cool.

      

  • Not enough bathrooms and electrical outlets
     
  • Beware of charming old homes located in not-so-charming neighborhoods:  these can be almost impossible to sell 
 
 

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