If you are buying a house with an encroachment you learn what the legal definition is. You should also know what your options are for remediation. Finally, if you are buying any house you should have a survey done to learn if there are any encroachments on the property before your deal closes.


Rea estate contracts have clauses that allow both buyers and sellers to back out for good reasons.

Cancelling after the offer is accepted but while the attorneys are still reviewing is acceptable. Other reasons to back out are home inspection issues and the property not appraising for the sale price.


The best way to lower your closing costs is to learn exactly what they are. Then, you can go to each vendor and negotiate. Also, don’t be afraid to negotiate with the lawyer and mortgage company.

If you can’t afford your closing costs you may even be able to ask the seller to pay your closing cots. There are disadvantages to this strategy, though.


Buyers often get confused with the relationship between income and credit when buying a house. Banks will look at the total income and the lower credit score when approving a mortgage.

If one spouse has a very low credit score you will get a lower interest rate if you don’t include him/her on the loan. However, you also won’t be able to use his/her income, so you won’t be able to afford a more expensive house.