10 Ways To find Creative Downpayment

For owning house at first time, obtain an advance deposit is one of the most difficult thing. As you known, most banks will only finance the cost of your accommodation by 90% only.

So the remaining 10% will be paid by the buyer habits as a sign of commitment and capacity indicators. What if you are able and qualified, but the deposit is not available? Well ... there are several ways that can be done. Follow the recommendations and most creative tips for getting money or face initial deposit of your property.

1. Request for help. Normally you can ask for it from the closest relatives such as parents or friends who care about and proud of your decision. In return you can return the money borrowed with little excess as a token of appreciation. Parents normally really encourage their children have the property. If included; asking parents to buy property is one thing that is easier than asking them to finance your marriage. Is it right? I believe you try for it...

2. Use your other assets - for example selling car accessories that are not used or antique collections to get advance money. There are many ways you can sell whether to your friends or groups. Much easier to advertise at online portal that you can use to sell goods online such as apply ebay.com.my, lelong.com.my, mudah.my, mysimplifieds.com, timestreets.com or all websites that are free advertising portal in Malaysia and many have benefited from portals such as this. Selling whatever goods from modern to antique collections as long as you do not forward sell all favorite flower pot-pot of your grandmother

3. Take insurance that gives you multiple returns in accordance with a certain period. Apart from protecting and investing every 2-3 years you will receive a bonus according to your contributions every month. If felt necessary ... you can also submit all the value of insurance is to get cash to pay the deposit and once your property. You do not intentionally break your legs and claimed insurance for this purpose. That is very dangerous ...

4. If you are the purchaser of property for the first time, you can withdraw EPF to finance 10% deposit from new homes. Check account 2, and look for any property with the appropriate value of the account.

5. Saving with ASB is a simple way to get downpayment. If your property is worth targeting RM500, 000 you only need to place a deposit RM1000 per month consistently. Based on my projections calculator, if you start saving early in the year 2010 ... at the end of 2013 you will have RM52, 226.59 as deposit 10% after four years of saving. So what's the wait? Start your investment right now

10 mistakes to be avoided in this 2010

For somebody, the New Year is meaning a signal to buy or sell house. If you plan to be a buyer or a seller (either one) ; below are 10 things you need to know and avoid during necessary process :

1. Do not know the actual ownership and sales process

Sellers and buyers often consider the process of buying and selling is one thing that can be done in a short period. There are various reasons that will interfere with current and emerging in the process. For example; seller will not accept or defer bid price from the buyer, the buyer will not have the ability to provide 10% deposit, loan applications without depending on the status and types - the kinds of problems that you will face.

Normally a property will be sold in a period of two to three months. So it’s better for you to be patient and strive to ensure smooth transaction if asked to do the necessary. In addition the agreements and processes such as submission may take two or three months depending on the status of certain properties. All depends on the buyer and seller complete documentation.

2. Too much information and request

Before making any decision; it is good if you make some research regarding your target property and residential areas. However too much information will destroy them because of what you're looking for, may not useful, for sure ... no houses built by the condemned man is perfect. Knowing what to do and what is needed is a method in the selection of the best properties.

Please avoid any nonsense requesting like the appointment of counsel (trivial issue), the selection of a particular bank (only), and wanted improvements before buying is one thing that is not reasonable and too exaggerated. You as the buyer must have a high tolerance because if demand is too pressing vendors; the seller will be afforded the heart and sell the property to another buyer. If your property is in a very low price and condition it as an ideal opportunity once a lifetime. Be tolerant as long as you have this ideal home.

3. Valuation and property values are the same

If you want to sell the property, immediately - you better check with the agency property assessors. Property valuers will provide a different bid value of the property different. Talk to your real estate agent. Usually they have a comparative market analysis of property in the area requested. In addition they also have a network of property assessors believed by a panel of specific banks.

Similarly, please talk to a real estate agent how you can get loans from banks with a certain agreed value ( if you’re buyer ).

4. Not get pre-approval from the bank

This is an important step. Avoid getting pre-approval from a bank that is action - very risky. Make a pre-application with the bank lets you know the value of loan qualified will be given.

It is also a way to correct any - record any credit application that you need to feel simplified. It also indicates you are the right buyer - so serious. If you are interested in any property, ask real estate agent for help to introduce the panel to help you in the bank loan process.

5. Try to wait for the fall of housing price

Try waiting for property prices to fall is something that does not make sense. In most places in the country, factor prices do not fall occurred. Reality Malaysia property prices will not "fall sharply"; value will only slightly and dropped flat on the specific development support will grow up to enhance return value.

Five things above can be a resolution in 2010 that they intend to own property and sell it. If you ever make a mistake above, made it a guide and continue to strive for success. "One's success is closely related to the action. Successful people are those who continue to do something. When they do something wrong, they will not stop so far that is that. "- Conrad Hilton.

Follow the connection with the second five important tips such as how the features that are not people standing on the earth, clear, how to find and choose a real estate agent, know the right time and how to search your area crime rates.

How to choose residential properties

Residential properties come in many type and sizes. Sure you have to think where your family residential properties with environment factors, size, number of bedrooms, near the work place, close to schools and easy way to purchase goods needs to be priority.

Things above your head dizzy possible because not all properties that really meet your tastes. On this day I want to share a tip what are the things most important to select the properties you need to know. Source selection of property was essentially based on 4 types of property you want to have. Residential properties come in several forms such as new residential, residential applicable, like repairs, and auction.

1. Residential New

Have various privileges when purchasing a new residential properties. Its because the cost of repairs and maintenance is minimal and most developers have a warranty for 12 months to 24 months. With the new ownership of the property not occupied and it makes this a unique property and there is no limit to increase your privileges from the start yourself.

It should be remembered that any new property price may be too expensive and you are advised to compare where you might be acquired freehold property (Freehold) in the same price while holding the property (leasehold) in the same area. Make sure you are looking for real estate developer who has a good reputation and track record with their buyers and the quality you would expect.

2. used home

“Second Hand” home or Used Home notwithstanding its sound ... it means the same in the possession of this type. When you purchase this type of property is a fact that you need to understand. Habits in the house owner applies requires high cost of repair than new homes. Observation and examination is very important at this property which you need to understand the factors and quality of properties that match the current price.

3. Purchase and repair

Ownership of property is because this type of property in that price you can afford it or because the condition is very cheap. Condition of this property normally requires cost of repair and requires a lot of time and cost a lot to be expended. You must be careful, because if you have a problem to provide 10% cash advance and it will also affect costs recovered well you cannot face it.

However, a little bit real estate investors interested in this type of properties. It is because when the price is low because of problems that need to be upgraded in the future but has a very high value. Task owner is selling the property after the new upgraded at a price that is far more expensive when the price exceeds the purchase.

4. Bank Auction

Normally the property auctioned off because the property owner does not pay back their housing loan payments. So as a solution over the non-performing loans the bank had to sell the interest in bidding. Normally you can get home or property that is far cheaper than the price of the property during the auction. It is also one way of looking at their properties with low deposits.

Unfortunately, this type of property is not offered every day so only certain individuals who will acquire property only by auction price "super best" of the market. Should also note that the property also has problems such as risk and cost of repair is very high, because property owners who do not want to release the property and various other problems that may be you get difficulties at each transaction to another transaction.

Now you understand the basic things the selection property investors ... good luck all