CHAPTER 4 Real Estate Horror Stories To Learn From
You’ve seen frightening stories like this on TV. Perhaps you’ve heard about them from neighbors or co-workers, but you still haven’t witnessed anything like them yourself. Be warned. The first time is one time too many. Now that you’re in the market for your first home, or maybe a second or third, congratulations! Buying a new home is one of the biggest achievements for many people. Unfortunately, home buyers — especially first-time buyers — can be the victims of real estate horror stories. Absolute horror, from the buyer’s perspective. Here are a few examples. Before I start, the goal of this chapter isn't to be a chicken little about Real Estate. The goal is to explain the importance of common sense, pulling emotion out of the transaction, due diligence and knowing the property.
What is That! Don't touch ... too late.
My out of town buyer Caleb and I started our search in Edwardsville in a very well known neighborhood. We looked at 20+ homes over a few weeks and finally found the one. The house was actually two doors down from the very first house we had viewed. Today, we will use electronic contracts, but in the day, 2000, it was common to write paper contracts. Yes, we have come a long way. Thank goodness. The house was beautiful and the showing went well. We wrote the 31
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