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<p>[QUOTE=&quot;doug444, post: 1492781, member: 38849&quot;]<b>A Word about House-Buying</b></p><p><br /></p><p>The massive drop in home prices is NOT over.&nbsp; There&#039;s a huge number of pending foreclosures overhanging the market, and the low-hanging fruit (so to speak) has already been picked, in that the strong buyers have already made their deals.</p><p><br /></p><p>If you have plenty of time to hunt for a house, here are two avenues to consider.&nbsp; (1) run an ad in CraigsList or somewhere else &quot;free,&quot; stating that you want to buy a house with certain specifications; that way, it is one buyer dealing with multiple sellers, instead of multiple buyers dealing with one seller, as per Multiple Listing Service, etc.&nbsp; (2) Pay attention to estate sales (of household goods) listed in the newspaper; often the next step is to put the house up for sale.&nbsp; If there are squabbling heirs desperate for money, you can cut a great deal (but have the house <u>inspected by a PRO</u>, all the systems, roof, electrical, plumbing, termites, foundation, etc., etc., because lots of elderly occupants defer&nbsp; maintenance due to the costs and street smarts required.&nbsp; And if the seller(s) are rushing you, find out why.&nbsp; Keep in mind that for some situations requiring environmental clean-up, like long-term oil or herbicide spills on rural property, <u>the buyer is responsible for clean-up</u>, not the seller.&nbsp; And find a good real-estate lawyer before you start.&nbsp; For several&nbsp; hundreds in fees and consultations, you might avoid thousand$ in problems.&nbsp; Ask for his/her credentials, do not hire a divorce lawyer.&nbsp; Good luck!</p><p><br /></p><p>[a Realtor for 16 years, now retired from that madhouse][/QUOTE]</p><p><br /></p>

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