How To Protect Yourself When Buying a Homestead Property

How To Protect Yourself When Buying a Homestead Property

How To Protect Yourself When Buying a Homestead Propert

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Did you know that the first rule when purchasing your homestead is to never trust anyone? If you do, your property taxes that were “about $2,000” might be $2,999, and that “about 40 acres” turns into 35. Take a look at these palm springs condos for sale that may be perfect for your family. Or this property coming soon named  North Gaia in Yishun to be released in 2022.

The problem with most folks searching for homesteading property are not real estate experts. So, visit a trusted site if you are looking for the best realtor with a high level of expertise and knowledge of local real estate trends which is essential to the success of your transaction. When searching for a homestead, what do you look for? Where do you find it? Luckily, this excellent article details this couple’s three year search for their forever home.

We bought our first house this past October. The perfect country property with outbuildings, acreage, and an old farmhouse. It took us over three years of active searching to find this place, partly because we were looking for a “forever home,” a homestead that we could put time and energy into making our own, investing in the land so that it could care for us in the future. For more real estate information and options visit https://reali.com/cash-offer/.

We were both first-time homebuyers. Even as two educated professionals, eager to learn to invest in real estate, and with full internet access and neurotic researching habits, we still felt blind-sided by a few things we encountered during our searching and home buying process. It was a situation where we didn’t know what we didn’t know. You know?

Even if you aren’t buying a rural property or a farm, you should still find this information helpful!

We are cautious-knowledge-seekers to the core. A year or two into our house hunting process we started to realize that we weren’t like other people. It seemed like a lot of the people we were interacting with (internet companies, the DNR, etc) were not used to getting the types of questions we were asking. We couldn’t fathom that someone would buy a house without looking into the things we were looking into.

After looking at houses for three years, and seriously considering far too many, we had our “property knowledge gathering process” down. As soon as a property met our initial requirements (things like square footage, number of bathrooms, location, acreage), we started to go down the long and exhaustive list of what we needed to find out about it. You can visit web site for additional real estate guidance.

Wondering what questions to ask before you buy a house? 
Looking for tips on buying rural or country property?
Considering a property but feel overwhelmed?

The following is our general advice, along with the things we looked into or encountered along the way. Things you might want to look into and questions to ask before signing your name on that line.

Fair warning, this is a novel.

Don’t Trust Anyone
Out of everything we learned, our biggest piece of advice is to not trust anyone.
And we know that that sounds horrible.

Nobody will look out for you like you can. It is your life, your house, your money, and ultimately all your responsibility! Plus, humans are, well…human.  We really liked our realtor, and after three years he became more like a friend. Our loan officer was incredible. The title people were great. Inspector was awesome. Did we ever trust any of them? Nope!

Not trusting is really hard, and you may even have to work at it. Dealing with overwhelming documents and hard-to-understand information that was easy to glaze over, plus working with genuinely nice people made it really hard to resist the urge to “just trust.” We really had to focus on looking out for ourselves and not letting our guard down. And we couldn’t recommend this enough!

This doesn’t mean we were rude, short, or condescending to anyone, no way. Simply stated, we took extra time if needed, asked a lot of questions, and always looked things up for ourselves.

Tax Information
In the areas where we were house hunting, the counties have tax and land information on their websites. The records go back many years and tell exactly what land zoning classifications the land has held and what the owners paid in property taxes. You may have to physically visit your county building if these records aren’t available online. Whatever it takes, you must see these documents!