A townhome is always a better option when it comes to buying a house. One may wonder about the best options when buying house. Townhomes for sale in Fairfax VA are among the best options for those who are willing to buy a house. However there are certain term relating to buying and selling of townhomes in Fairfax VA. The utmost aspect of townhomes for sale in Fairfax VA is financial terms relating to the sale of townhomes. Most of the people in Fairfax VA buy homes on mortgage and if you are among those people, the interest rate for obtaining the finance should be specified. This particular exercise leads to having lesser problems during the process of buying townhomes for sale in Fairfax VA.
Considering the interest rate is most important part of buying a townhouse because sometimes buyers end up bidding higher rates of interest than they can afford making it difficult for them to back out from the offer. Another important point to consider while buying townhomes for sale in Fairfax VA is seller assist. If a buyer is wants the seller to pay half or complete closing cost, this must be added in the offer made by the buyer. The requested closing cost can be mentioned either as a percentage or in dollars.
With reference to above rules about closing cost, one may get confused over paying the specific closing costs. Where the common practice in buying townhomes for sale in Fairfax VA is that both the parties (buyer and seller) pays the common fees annexed to the townhome such as title search fee, escrow fee, notary fee, title insurance fee, transfer tax and recording fee. The common practice observed in Virginia is that both buyer and seller pay these common fees but one may seek advice from the real estate agent for further assistance in this regard.
The townhomes for sale in Fairfax VA are although ideal in terms of investment but one should not make any decision prior to full inspection of the house because the state of Virginia exercises caveat emptor law under which it is the responsibility of the buyer to inspect the property before buying it. If the buyer fails to detect any defects in the property, it is not upon the seller to compensate him for any loss as a result of failing in identification of defect. But there is also an implication upon the seller where he is not allowed to hide any defects from the buyer purpose fully and the seller must not also lie about any defect in the property if the buyer asks him.
Fixtures and appliances and closing date are other aspects annexed to purchasing townhomes for sale in Fairfax VA. Both these are important in terms of selling the house because if the buyer wants seller to put appliances in the house such as AC, refrigerator, dish washer and oven, these terms are also to be added in the contract in writing instead of verbally mentioning the installation of these appliances.