2010+Tips+on+Buying+a+House

=Notes from Mr. Coulby Dunn's Presentation on 3/25/10=

**__Tips__**

 * When you buy a house you should get an inspection. You should get it because the house should have minimal problems when you buy it. There could be problems like termites, mice, mold, radon, gas leaks, and many others that are so very important to get an inspection.
 * There is also attorney and closing fees that are important when buying or searching for a new home or piece of property. There is prorated property, toll, and transfer taxes as well.
 * You'll also have an MLS number which stands for "Multiple Listing Systems."
 * You're going to need to know the what county, development, or state your house or land is located. You should know the address and phone number of your house.
 * Make sure you save a picture of your house. You will need it for the presentation part of your project.

__Expenses to include in your estimated closing costs (see form below)__

 * You should include Attorney Fees that will be about $400
 * Also include Transfer Taxes which is 1 % of your purchase price.
 * You also need to include Prorated Property Tax. This info can be found on the "Full Information" page on the MLS Listing. If it is not listed, you can use $2500 as an estimate.
 * Since you need an inspection you will include that. You can figure that a home inspection will cost you $400.
 * You should include homeowners/fire insurance. This will cost you about $500.


 * If your home is located in a housing development, make sure you include association dues. The cost of these dues can be found on the "Full Information" page of the MLS Listing.