Comments on: First time buyer? 5 tips on how to avoid a money pit Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 By: Brodieb Wed, 16 Feb 2011 14:39:09 +0000 Thanks for the great post David. I see many of the issues you’ve stated on inspections of ‘flipped’ properties and this is great advice for inspectors and buyers.

By: mgj Thu, 20 Jan 2011 02:40:44 +0000 Are there very large wall coverings, such as mirrors or paintings? Look behind them, with a flashlight.

Are there loose floor coverings? Look under them. Don’t be shy.

Do not use an inspector recommended by the seller’s realtor.

If the house is less than 15 years old, or more than 50 years old, inspect very closely.

Even if you hire an inspector, look at the house very carefully yourself, or have a knowledgeable friend do it. Optimists are not good at this. If you find things that the inspector missed, ask the inspector to evaluate those items. If he gets moody, find another inspector.

Visit the neighbors and ask them if they know of any problems. You will learn a lot about the house and the neighbors. You may find out the REAL reason why the house is being sold.

Before you buy, spend some time in the neighborhood at night. You may learn a lot.

Make sure there is clear title. You may need a lawyer for this. The banks and Wall Street have made a terrible mess. Don’t pay for their mistakes.

Remember that a home purchase is a largely irreversible decision, especially in the “special” situation at present. Noone has more to lose than you. Do the work.

By: DisgustedReader Wed, 19 Jan 2011 20:07:03 +0000 Poor grammar aside, the article raises some good points. Expensive home inspections and damage escape clauses are the foundation for a home purchase that doesn’t result in a world of hurt. No level of due diligence can uncover everything, but due diligence helps to reduce pain to a minimum.

By: diddums Wed, 19 Jan 2011 19:34:13 +0000 @ Gothardbahn. Good English??

By: Gotthardbahn Wed, 19 Jan 2011 14:26:36 +0000 ‘First time buyer? 5 tips on how to avoid a money pit’

Reuters, please structure your sentences properly. Numbers between 0 and 10 should be written out, as ‘zero’ and ‘ten’ respectively. The above headline should be ‘Five tips…’ rather than ‘5 tips…’ to be considered correct. I know it’s a small thing, but good English is made up of many small things, and the error noted here has been occurring more often than not in your articles.