Escrow Disclosure: Fill & Download for Free

I’d first learn about the RE rules in the state. (Escrow, disclosure, etc.) Second I would study the market there to determine comparable sales, or asking prices and/or trends. Zillow and others can be of help, but they may be off some amounts. Even so they can be used for comparisons, Before I made an offer on any real estate I would inspect it personally. If you do it the cost of the trip is a write off, especially if you end up making an offer. While you are there you can look at comps. Keep good records because the IRS will deny the deduction if it looks like a vacation in disguise!

For years, India's property developers got away with a lot of things. They were highly non-transparent, could post artistic drawings of their buildings that are way removed from reality and could openly discriminate the buyers [like selling only to members of certain religion/caste/sexual orientation] etc.They were also huge dens of cheating and corruption. A couple of years ago my sister-in-law paid advance for a new construction. The builder neither built nor repaid the advance.The bill seeks to bell the cat and bring the realty developers to reality.More regulation to reduce the number of incomplete projects and with punishments up to 3 years in prison for violating the regulations. A new regulatory body at the state level to manage this.Transparent disclosures of carpet area and other key data points.70% of what the buyers pay have to be locked into a separate escrow account to be used only for construction & land purchase.Builders have to deliver in reality whatever flashy photo you showed to the buyers at the time of buying. No smoke and mirrors.Structural defects are to be fixed by the developers for the first 5 years.No discrimination against any buyer.Lok Sabha has not passed it yet, but given the government's majority there, it should be fairly easy. It benefits both the consumers as well as honest developers and should help Indian economy as a whole.RS passes real estate bill: 10 key features- The Times of IndiaIn relief for home buyers, Rajya Sabha clears Real Estate BillThe Real Estate (Regulation and Development) Bill, 2013Rajya Sabha passes real estate regulation bill

We had just closed escrow on our first house, we had just closed the door and we were holding each other in the living room and wondering how in the world we were ever going to afford the mortgage when the doorbell rang.Our neighbor from across the street wanted to welcome us and said, "It's really great that you bought this house considering the two suicides that happened here."Really, two suicides. This was long before full disclosure about these things was required.The son in the garage and the mother, one year later on the anniversary date of the son's death, committed suicide in the same garage and took the dog with her.Thank you for sharing Kenny.A friend suggested that we have an Indian Shaman over to purify the house. Right.He came, he saged, he sang, I am not a believer.That night after he left I couldn't get to sleep and I got up and walked into the living room.Please let me repeat that I am not a believer in ghosts and yet there they were. The mother, the son and the dog.They weren't white and filmy, they were pretty substantial and in "living" color.They didn't speak in words but the mother said to me that they were going and that she was glad we had bought the house. She made it clear that they wouldn't be returning, she wished me well and reached out to touch me and they all disappeared.Not only haven't they been back but I knew they never would.