Handle a surprise

Fictional practice: Fix the cash plan before you commit.

• At $260,000, the down payment is $65,000 under the made-up loan quote.
• The inspection and a specialist’s estimate raise repairs from $12,000 to $22,000.
• Closing costs stay $8,000. Savings kept for the property stay $15,000.

Check permits, condition, who lives there, required disclosures and specialist findings. Your right to cancel or get a refund depends on the contract and the law.