Learn how to avoid
the pitfalls when making one of the biggest investments in your
lifetime !
This
information has been gathered from the publications
of the following agencies: U.S. Department of
Housing and Urban Development; American Bankers
Association; National Foundation for Consumer
Credit; and Neighborhood Reinvestment Corporation
Inspection
After the offer has been accepted, you should find a professional
home inspector and make an appointment to meet him or her at
the property. You will usually have to pay the inspector on
the day of the inspection. Within a few days the inspector will
send you the written inspection report.
If there are problems with the house that are so serious that
you no longer want to buy it, you must send a letter to the
seller and to the seller’s attorney stating that you are
canceling the contract because of structural problems. Include
a copy of the inspection report with your letter.
If the problems are not so serious, then you and the seller
can negotiate how to pay for any needed repairs.
AAFE
CDF offers FREE
in-depth 3-day workshops on the home-buying process.
Class Schedule:
Home Buying
Workshop Series
Learn the ins and outs of the home buying process in this 3-week seminar. Material includes steps to purchasing and finding an appropriate home, the inspection and legal processes, and financial responsibilities.
Time:
11am–4pm
Date:
9/7/08, 9/14/08, 9/21/08
Place:
AAFE Queens Office
133-04 39th Ave, Flushing, NY 11354
Click here for details or call (212) 964-2288 or (718) 961-0888
Also, see other homebuying related
activities schedule on Home Page
