Quote Originally Posted by fangmbr View Post
Ruff,

I am looking for a cabin that is located on the TFF and close to the water. I'm thinking that it would need to be two bedrooms or one bedroom and a loft. I'm not looking for something that would need alot of repairs. Any thing over $145K is over my budget. I realize that my choices will be limited based on my budget.

Thanks,

Brian
Brian, you sound like you are a canidate for a reliable realtor to work for you, do all the scouting that they have good computer software for, cost you nothing. Hire a competent attorney who practices in real estate and pay him to draft the offer to purchase for you with your terms that look out for your interests and that you control. If you hire a realtor to act as your representive, you then have to pay him and still have no legal representation, none. Only attorneys can do that for you, not reators . The selling broker has his allegence to his employer the seller. He will work just as hard to sell you a property but you then have the advantage of buying it with in your terms of purchase. Be sure to look for a Real Estate Condition Report. If things are omitted that are discovered later and you can prove that the seller knew about them as faults that were concealed or not mentioned on the RCR you have legal recourse. This is a typical situation and should be looked at very carfully by you. Buying as is does not work to your advantage at all. Biggest flag that the property is a cat in the bag. If you have a property inspection done by an inspector, they do not look for code compliance and defects that need to be mentioned with cause and effect. Here is an example of an inspection report that cost $ 500. Plumbing not vented. OK, it cost the purchaser, $ 11,000 to cure the defect after he purchased the property . The no vent situation should have been highlighted along with the problems associated with the defect. It goes on and on. Property inspectors dont want to kill a sale if they have been recomended by the listing broker or the selling broker. Again tread softly on lake homes that have been built by the owners. Check the history of permits especially for well and septic, building. It is for your benifit totaly. Good LUck. GET a Good Attorney to draft your offer to purchase and handle the closing documents being presented to you by the seller. That of course is the next reason you need an active Attorney that practices heavily in the real estate area. Good Luck again. I also think this fishing site is inappropriate for this subject.