Purchasing a luxury home and what to watch out for!

Posted by Dennis DeSouza on Monday, December 13th, 2010 at 3:37pm.

Purchasing a luxury home in La Jolla or Rancho Santa Fe is an exciting thing to do. For some, it may be the culmination of many years of strategic planning. For others, it could be the result of a windfall, wise investments or simple good luck. No matter what has brought you to the La Jolla area and taken you into the high-end housing market keep in mind that you're still buying something from someone who really wants to get it sold. Because of that, the seller may not disclose everything he or she is legally required to do.

It's illegal for a seller not to disclose certain things, but that doesn't mean an unscrupulous seller won't skirt the rules  to avoid saying something incriminating about the house he or she really wants to get out from under. It's the buyer's responsibility to make sure that everything is in order and that the house checks out. A home inspection is very important as well as engineering and mold reports. If there are other concerns, there's nothing wrong with talking to another inspector, looking through past records and talking to the neighbors or even previous owners if you can find them.

When you're buying a new home, the seller would be the builder of the home. He or she is also may not tell you something that will look bad, so make sure the home inspector is one that you trust and will give you information on all of the problems that the house might have.

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