Another checklist to add to your collection--this one for buying a home:
I may need to budget these costs:
* Appraisal, inspections, down payment, monthly mortgage payments, escrow service, loan application fee, title insurance, mortgage insurance, monthly utility bills, property taxes, maintenance costs, improvements, insurance costs, homeowner association fees (in some cases), possible assessments (street lights, sewers).
I should consider these inspections:
* General structural inspection, pest control (termites and dry rot), asbestos, soil stability (of, for example, hillside property).
The sellers "Real Estate Transfer Disclosure Statement" should tell me about:
* Structural defects (roof, wiring, etc.), easements, zoning violations, noise problems, other information I request in writing. (Your real estate agent can provide more detailed information on this statement and other aspects of the transaction.)
My offer (deposit receipt) on the house should cover all important terms:
* Complete description of the property, description of anything else (appliances, swing set) included in the sale, exact purchase price, purchase price broken down into deposit, down payment, amount of loan, my rights if inspections uncover a problem, conditions under which I can cancel, whether my deposit is returned if I cancel.