Posted by Bob on November 01, 2009 at 21:47:22:
In Reply to: What To Do? posted by Kat on October 31, 2009 at 03:06:41:
I would first get a inspection and after that an estimate on repairs. Ask about any monthly maintenance fees and what they include. Don't depend on a realator's guess at what the property is worth, get a certified appraiser to get you a market value as this is what the bank will go by. Realators give you a general comparison of surrounding properties in the area for value, but the bank will go with the appraiser. Talk to your accountant/lawyer about capital gains tax. Good Luck! Bob