Few
Great Tips for Selling and Buying Homes
Buying a
home comprises of various stages and you cannot complete the deal in one
go. However, you need not allow that to bog you down, as there are many
ways and means to tackle difficult situation and make you home buying
a fruitful experience.
Let us see
few helpful steps to be followed in any home buying endeavour:
•
Streamline your finances first
Your credit
reports is a touchstone that can tell how you manage your finances. Do
a self-analysis of your own credit report so as to arrive at a conclusion
where you stand in terms of credit worthiness. Any lender always looks
into such aspects before extending the credit to you.
If you haven't
looked at your credit reports yet, get to know the jargons and the related
matters first with the help of a learned accountant.
•
Understand the Mortgage procedures
The success
of your home buying depends on getting the right loan from the right lender.
Choose your lender wisely depending upon your need. It will be a better
idea to learn about the various processes involved in lending before you
could contact your lender.
•
Get a pre-sanction commitment
Initially
you may not be able to know the quantum of the amount that you may need
for buying the house. Pre-approval helps you in knowing your capacity
of investment and gives you a leverage when dealing with the sellers.
•
Visualise clearly your needs and wants
If you are
clear in your decision regarding what you want and to what extent, then
buying a home is an easy process. You can narrow down to your dream home
in a scientific manner and have your home bought without any post buy
blues.
•
Engage Real Estate Agents
It is always
better to engage real estate agents in your home buying deals. Real estate
agents are competent enough to ascertain the value of the property due
to their innate qualities and you can make use of that in your favour.
It is also essential for you to understand agent duties and loyalties
before you make your first contact.
When it comes
to selling of your property, the success of whole exercise depends on
your selection of your realtor for the purpose. Let us see how you can
select the correct realtor for your selling:
1. Find someone
you feel comfortable with and appropriate.
2. Your Realtor
should be able put forth his recommendations with evidence. The realtor
should also be in a position to provide information of the recent sales
and the current listings.
3. Choosing
a local realtor is always preferable. A local realtor will know the area
and the current market trend fully well and you can make use of the knowledge
in your favour.
4. Seek and
get references from the Realtor. Many realtors are in fact more willing
to give names of their previous clients.
5. Ask your
friends and relatives to refer good realtors, but note to take decision
based on your needs.
6. Ascertain
with the realtor how the home can be sold profitably.
7. Choose
a realtor who can guide you based on his experience and not based on his
assumptions.
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