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Old 02-03-2004, 10:51 PM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
I actually highly recommend leasing if you are buying an older house and you want to be sure of it and the neighborhood etc. try to lease it with an option to buy and your payments applied to the purchase.

This way you can leverage your position and the rental payments can be applied to the down payment.

Most house owners will do this if they aren't in a rush to sell.

You can do a 3 month, 6 month short term lease.

This is the best way to find problems with the house or the property.

A lot of owners even though they are required won't tell you everything in the disclosure. We were in one house here in a development called Long Lake Estates where the fucker never told us the whole development was having flooding problems during intense storms.

We moved in and came to find when the first big rainstorm hit, the entire front and back yard were turned into a lake practically. It was the worse water level problem I ever had in a house. The drainage system on our street hadn't been done right and the water from the street was flowing onto our place. The guy never disclosed anything about this to us and when I confronted him he played dumb as if it had never happened before while he lived there.
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