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How does one go about due diligence before buying a house ? Do you hire a law firm ? What are their fees ? It is hard to imagine dropping half a million sight u
by bubblethink 9y ago
How does one go about due diligence before buying a house ? Do you hire a law firm ? What are their fees ? It is hard to imagine dropping half a million sight unseen, especially since it is not insignificant for the people in the article, but how much would it have cost them had they hired a lawyer/firm ?
- Jach 9y agoHaving researched home buying a bit I think it's too much to list in a HN comment if you want to cover cases where every party is unreliable but maybe someone will try. At the very least look at the damn thing in person. When I've done rentals with a friend we do a fairly thorough inspection before signing but it'd take 10x longer if we had intent to buy, we'd check a lot more, and that's before involving various 3rd parties. If you're planning a remodel from the beginning though your criteria will change.
- bubblethink 9y agoYes, I understand doing your own homework. I recently avoided a rental pretty narrowly. Nothing quite as unsavoury as this, but due to a couple of layers of indirection through agents, the fact that parking was tandem wasn't evident until the very end. Own homework aside, I just wanted to get some ballpark estimate on legal fees that one would incur with such an undertaking, and whether this is all pretty boilerplate, or do you have to have to get some bespoke solution from a law firm.
- vermontdevil 9y agoDef cheaper than $1.1 million.