Having a dream home would be one of the dreams and goals of some communities. In addition to having a comfortable shelter, the house can also be create a fairly profitable investment in the future.
But buying a home first time sometimes is confusing. We must begin to develop a plan for long and shall make a strategic decision, because if you make the slightest mistake in decision making, then there would be the risk that it could bring dissatisfaction and loss.
Here are five things you should consider before buying a home, as released by the site My house.
Discover Bank and the Qualified Agent
To start with, you have to get a bank to provide financing with a down payment according to ability. After that, find a trustworthy real estate agent can represent you in the transaction.
Professional property agent should at least be able to sell five properties a year, and understand the ins and outs of the location that you seek and purchase process. To be sure, you should check that the agent’s license and do the interview so that you are completely comfortable using his services.
Have at least Five Years
When the price range is already known and the property already seen, make sure you have at least a five-year property. Because property owners basically have no equity in the property within five years, or the breakeven point (break even point) new investment reached in the fifth year. The longer you have, the better. In fact, having the property in the long term is the way to obtain wealth.
Buying property is probably the most complex, risky, and expensive in your life. There’s a good idea to educate yourself as attending various seminars properties, search for information through reading or online, and ask a friend who has been in buyers. More and more are looking for information, the less likely you are also wrong move.
Find Affordable Property
Many consumers who buy the most expensive property he could. This is a big mistake. You should also consider any time if you lose your job or saving for children’s education. Property assets should be affordable, not assets to spend your money.
Do not rush
In general, it takes six months or more to find the property that suits. Make sure you understand what the property is on the market, in accordance with this pocket you. Do not rush a decision, because it could have blinded desires reality in the field.