Right Direction to Successfully Purchase Your Home
Oct 04, 2016 Vastu Tips
Real estate, the biggest mystery. Questions most of the time remain unanswered till you buy. What to consider, where to look for, which one to pick and so on. You do a lot of research before you decide on purchasing your dream home. But is that enough?
One must know several things before stepping into the real estate market to buy a property. The first thing you must understand if you are a first-time buyer or a repeat buyer. One always wishes to buy a perfect house in a perfect neighbour. However, at times one may need to compromise. It is a good practice to investigate the neighbourhood, crime rates or repairs needed on the property, and any other relevant details before purchasing any specific property.
Sometimes unwanted expenses may surround you. Having some liquid properties in hand is a wiser decision. Expenses such as appraisals, surveys and home association fees are not accounted initially.
Tips to Remember
Real estate agents often keep contact with their clients in lieu of any further transactions. If the property price is low, buy it now. This is because low price is not permanent. There could be reasons like recession when the property prices go down. With time, it will again go up. It’s a great investment decision, though.
Ask the seller to help you with closing costs or provide other financial incentives while you or your agent is making an offer to buy. Asking for “Buy down” interest rates for one or two years could be a good idea.
Usually, most of the first-time buyers seek for financial aid for their home purchase. So, do some research as in how much you can afford prior beginning your home search.
Home Specifications
If you wish to have a fireplace at home, prefer the one located in the family room. To remind you, a foreclosed home may have renovation expenses. Pests are common in foreclosed homes or a new HVAC system may be required. Do your homework before you purchase a property.
Home décor should not be your criteria for buying a home. Factors while buying a house should be based on the condition of the house, the location of the house and so on. Your real estate agent representing you should have spent quite some time in the area or locality. This is will help in getting answers such as information about neighbourhoods, roads and any restrictions in the community. Ideally, your agent should have spent at least a span of 10 years in the locality.
Warranty for your home must be purchased. For a brand new home, the builder is responsible for providing a warranty. For a pre-owned home, the seller must provide you with at least a one-year warranty so that it helps in repairs if any.
Hope this article enhanced your knowledge about real estate and areas to focus on.
One must know several things before stepping into the real estate market to buy a property. The first thing you must understand if you are a first-time buyer or a repeat buyer. One always wishes to buy a perfect house in a perfect neighbour. However, at times one may need to compromise. It is a good practice to investigate the neighbourhood, crime rates or repairs needed on the property, and any other relevant details before purchasing any specific property.
Sometimes unwanted expenses may surround you. Having some liquid properties in hand is a wiser decision. Expenses such as appraisals, surveys and home association fees are not accounted initially.
Tips to Remember
Real estate agents often keep contact with their clients in lieu of any further transactions. If the property price is low, buy it now. This is because low price is not permanent. There could be reasons like recession when the property prices go down. With time, it will again go up. It’s a great investment decision, though.
Ask the seller to help you with closing costs or provide other financial incentives while you or your agent is making an offer to buy. Asking for “Buy down” interest rates for one or two years could be a good idea.
Usually, most of the first-time buyers seek for financial aid for their home purchase. So, do some research as in how much you can afford prior beginning your home search.
Home Specifications
If you wish to have a fireplace at home, prefer the one located in the family room. To remind you, a foreclosed home may have renovation expenses. Pests are common in foreclosed homes or a new HVAC system may be required. Do your homework before you purchase a property.
Home décor should not be your criteria for buying a home. Factors while buying a house should be based on the condition of the house, the location of the house and so on. Your real estate agent representing you should have spent quite some time in the area or locality. This is will help in getting answers such as information about neighbourhoods, roads and any restrictions in the community. Ideally, your agent should have spent at least a span of 10 years in the locality.
Warranty for your home must be purchased. For a brand new home, the builder is responsible for providing a warranty. For a pre-owned home, the seller must provide you with at least a one-year warranty so that it helps in repairs if any.
Hope this article enhanced your knowledge about real estate and areas to focus on.
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