Mistakes you should avoid when looking to buy a house (Part 3)
Pay Too Much Upfront: If a contractor asks for more than a third of the contract price as a downpayment, chances are something's wrong. At worst, he's a scam artist who has no intention of returning after he cashes your check. At best, he's undercapitalized and can't afford to purchase materials on his own. Or, in between, he could be using your money to pay workers on another job. Never give a contractor cash, either.
Burn Your Mortgage: It's a wonderful feeling when you make your last house payment. After all, the place is now yours, all yours. Many people celebrate by holding a mortgage burning party. But they torch the original document. Don't. Make a copy and burn that instead. Keep all your loan docs in a safe place.
If you are thinking about relocating to Stonington, Groton, Mystic, or any other town in the New London county, visit the following web site:
http://www.sectlisting.com/
You will find many useful information andremember, it has the ability to search for real estate listings for the entire CT
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment