Living the American Dream

Thursday, April 26, 2007

Realty Show

How to buy a home in England:
1. Visit every estate agent in the
area you wish to live in, tell them
what you want and how much you wish
to spend. They will send you details in
the post of every property on their books
priced just over your budget upwards.

2. Make appointments to see any
homes you like. Drive to the property
alone, be shown around by an over-
zealous owner from whom there is no
escape. Be forced to admire the floral
wallpaper and old family photos.

3. When you find the house of your
dreams yourself, put in an offer and
hope for the best. Whichever
house you choose, the estate agent
won't much care what it is like,
only how much money they can make
from the sale. Resolve to never see them again.
When agreement is made, wait for up to three months for
everything possible to go wrong, which it usually will. Be prepared for pit-falls like gazumping or the seller changing their mind. Drag out legal
work to make everything as expensive
as estate agents and solicitors can make it.

How to buy a home in the U.S.:

1. You only need one realtor because they
all have access to the same pool of properties.
He will send you property details via the
Internet, all of which will be just under your
budget. The details will include colour photographs,
maps and little movies called virtual tours with
twinkly music playing in the background.

2. Be taken by the realtor to see as many properties
as you like at a time. The owners have to vacate so
you can speak to the realtor privately. They are
advised to redecorate and update the properties before
putting them on the market.

3. When you find the house of your dreams, the realtor
will tell you all the pitfalls. After a short time you will
realise the more stunning a property is, the more likely
it is to back onto a main road, be directly under a water
tower etc. When you finally agree on one, most of the
paperwork is done when you put in an initial offer.
Negotiations on the price should usually be completed within
a day. After that, the move in date is normally 2-4 weeks later.
Remember to invite said realtor to your house-warming party.

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