This question may seem to be the most obvious every potential homebuyer should ask. But, unfortunately, it’s not unheard of for a person falling in with a house for sale without looking at their finances.
Aside from making a down payment on the house, there are closing costs to complete the real estate transaction between the buyer and seller. These closing include an origination fee, title search, title insurance, and appraisal fees.
Unfortunately, homes built decades old are not necessarily up to the house standards today. For example, there could be potentially hazardous threats in the house, such as lead paint or asbestos, that you would prefer to keep away from your family.