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.
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