Tips on how to buy your first house

Hello, everyone. This time, the real estate agents Shortland want to share some tips on how to buy the first house. As you may know, buying the first house is one of the future dreams that becoming reality in our lives. Unfortunately, if you are not careful, you could be a victim of a fraud and scam, or simply, the house that you buy does not match with the price and your expectations. Here are some tips on how to buy your first house.

Savings, savings and more savings. If you are already reaching this stage, it is certain that you are excellent in financial management. You have to know the price of the advance payment, but you also have to be aware of the taxes so you won’t be surprised by the price when you have to pay. It is recommended that you use no more than 30% of your income for your house expense.

The next tips are inspection. It’d be better if you have a camera. Take a picture of important points that you find in the house. Also, take some notes about the house. You can give your own personal rating to the properties that you have checked. After calculating your budget, renovation cost, and the location, then you can decide which property that you want to buy.

You can also get a permission for the house ownership credit. This way, you will show the real estate agent that you are a serious buyer. This will also grant you the power to negotiate the price more. This way could prevent you from the failure of the agreement because of financial reason while you’re negotiating for the property.

Check the prices for the same property type in your area. You gotta make sure that the house that you buy has a fair price. So you can avoid overpaying the house.

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