Renting

When buying a house, be sure to change the locks immediately. There is no telling how many people had access to the previous owner’s keys. When renting, be sure to ask about the landlord’s key-control policies.

Sellers will sometimes opt to remain in the house after closing via a short-term rental agreement. As the new owner, be sure the purchase contract and rental agreement stipulates that the sellers repair any damage they cause after the closing date.

If you’re buying a property that contains rental units, consider obtaining a letter from a real estate broker or some other documentation verifying that the rents you plan to charge would be realistic. A lender who is qualifying you for a mortgage probably will not take your word for that.

Moving to new home can be a stressful process. If you plan on hiring a professional moving company, here are a few things to look for:
– Verify that you mover is licensed.
– Get a written estimate.
– Check with the Transportation Division or the Federal Motor Carrier Safety Administration about rates, liability and insurance.

– Get a written contract and review the contract closely before you sign. (include method and terms of payment)

– During unloading, check the goods carefully before signing off on their condition. Do not sign any receipt that does not document all missing or damaged goods.

– Be prepared to make the payment for the move. Many movers require the charges to be paid in cash or by certified check. Do not assume that you can pay with a credit card.

– Immediately address any complaints to the moving company. If the complaint is unresolved, contact the appropriate agencies.

Federal law requires that individuals receive certain information before renting, buying, or renovating pre-1978 housing. Landords have to disclose known information on lead-based paint and lead-based paint hazards before leases take place. Leases must include a disclosure form about lead-based paint. Sellers have to disclosure known informaion on lead-based paint and lead-based paint hazards before selling a house. Sales contracts must include a disclosure for about lead-based paint. Buyers have up to 10 days to check for lead.