Home Buying Tip - Understand Who The Realtor Represents

Clearly understand the roles and duties of various parties involved in the real estate transaction. Especially understand who represents whom. Unless you have a buyer's agent, remember that the realtor works for the seller. Make a point of asking him or her to keep your discussions and information confidential.

These are some of the things you need to check. Remember to arrange a home inspection before you sign a written offer, or include an inspection clause in the offer. A correctly worded inspection clause can provide an 'out" on buying the house if serious problems are found. It can also specify that the seller must fix the problem(s) before you purchase the property. It may also give you the ability to renegotiate the purchase price if repairs are needed.

I strongly suggest you talk with your legal advisor before you buy or sign anything. It is important that you are aware of legal aspects, documents required and regulations etc for buying a property in your Country (or State).