buy a house ... Are you ready ?

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You’ve been saving for awhile, weighing your options, looking around casually. Now you’ve finally decided to do it—you’re ready to buy a house. The process of buying a new home can be incredibly exciting, yet stressful, all at once. Where do you start?

It is essential you do your homework before you begin. Learn from the experiences of others, do some research. Of course, with so many details involved, slip-ups are inevitable. But be careful: learning from your mistakes may prove costly. Use the following list of pitfalls as a guide to help you avoid the most common mistakes.

1. Searching for houses without getting pre-approved by a lender:

Do not mistake pre-approval by a lender with pre-qualification. Pre-qualification, the first step toward being pre-approved, will point you in the right direction, giving you an idea of the price range of houses you can comfortably afford. Pre-approval, however, means you become a cash buyer, making negotiations with the seller much easier.

2. Allowing “first impressions” to overly influence your decision:

The first impression of a home has been cited as the single most influential factor guiding many purchasers’ choice to buy. Make a conscious decision beforehand to examine a home as objectively as you can. Don’t let the current owners’ style or lifestyle sway your judgment. Beneath the bad décor or messy rooms, these homes may actually suit your needs and offer you a structurally sound base with which to work. Likewise, don’t jump at a home simply because the walls are painted your favourite colour! Make sure you thoroughly the investigate the structure beneath the paint before you come to any serious decisions.

3. Failing to have the home inspected before you buy:

Buying a home is a major financial decision that is often made after having spent very little time on the property itself. A home inspection performed by a competent company will help you enter the negotiation process with eyes wide open, offering you added reassurance that the choice you’re making is a sound one, or alerting you to underlying problems that could cost you significant money in both the short and long-run. Your Realtor can suggest reputable home inspection companies for you to consider and will ensure the appropriate clause is entered into your contract.

4. Not knowing and understanding your rights and obligations as listed in the Offer to Purchase:

Make it a priority to know your rights and obligations inside and out. A lack of understanding about your obligations may, at the very least, cause friction between yourself and the people with whom you are about to enter the contract. Wrong assumptions, poorly written/ incomprehensible/ missing clauses, or a lack of awareness of how the clauses apply to the purchase, could also contribute to increased costs. These problems may even lead to a void contract. So, take the time to go through the contract with a fine-tooth comb, making use of the resources and knowledge offered by your Realtor and lawyer. With their assistance, ensure you thoroughly understand every component of the contract, and are able to fulfill your contractual obligations.

5. Making an offer based on the asking price, not the market value:

Ask your Realtor for a current Comparative Market Analysis. This will provide you with the information necessary to gauge the market value of a home, and will help you avoid over-paying. What have other similar homes sold for in the area and how long were they on the market? What is the difference between their asking and selling prices? Is the home you’re looking at under-priced, over-priced, or fair value? The seller receives a Comparative Market Analysis before deciding upon an asking price, so make sure you have all the same information at your fingertips.

6. Failing to familiarize yourself with the neighbourhood before buying:

Check out the neighbourhood you’re considering, and ask around. What amenities does the area have to offer? Are there schools, churches, parks, or grocery stores within reach? Consider visiting schools in the area if you have children. How will you be affected by a new commute to work? Are there infrastructure projects in development? All of these factors will influence the way you experience your new home, so ensure you’re well-acquainted with the surrounding area before purchasing.

7. Not looking for home insurance until you are about to move:

If you wait until the last minute, you’ll be rushed to find an insurance policy that’s the ideal fit for you. Make sure you give yourself enough time to shop around in order to get the best deal.

8. Not recognizing different styles and strategies of negotiation:

Many buyers think that the way to negotiate their way to a fair price is by offering low. However, in reality this strategy may actually result in the seller becoming more inflexible, polarizing negotiations. Employ the knowledge and skills of an experienced realtor. S/he will know what strategies of negotiation will prove most effective for your particular situation.

Buying the Right Home - 9 Tips

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Tips for Buying the Right Home

1. Make a list of the features you need and want in your next home. Identify those items that are non-negotiable—number of bedrooms and baths, garage, single level are some examples of criteria you might list under “musts.” Then consider what features you would like to have—such as walk-in closets, kitchen island, whirlpool bath. After you’ve made your lists, number the items in order of priority. These lists will help you evaluate the houses you see.
2. Choose a real estate professional you can trust. An agent who knows your target area can identify the homes that meet your basic criteria, and a good agent will help you realistically evaluate the properties you visit. Your agent will also help you negotiate the best price and navigate the paperwork and process leading up to a successful closing.
3. Take photos of each house as you tour it. You can review the pictures later to remember what you saw, helping you to narrow down your choices.
4. Know the difference between cosmetic issues and serious problems. If you don’t like the wallpaper, the color of paint, or the age of the carpet, remember that those are items that can be easily changed. Structural damage, evidence of major leaks, or outdated electrical can lead to expensive repairs, unless you are skilled at that type of repair.
5. Don’t fall in love with a house and lose your head. If you let your heart rule, you may wind up paying too much, or get stuck with a home that doesn’t meet the needs of your family. Always compare your “needs and wants” list before deciding you’ve found the house of your dreams.




6. Be willing to negotiate. If you keep your head, you are more likely to succeed in buying your home at the best possible price. Be willing to offer less than the asking price, but don’t make such a low offer that the seller refuses to make a counteroffer.
7. Hire a professional home inspector. A home inspector looks at houses every day, while you only look at houses when you are ready to buy. The written report you receive will help you to objectively evaluate the house you are buying. You will know what items in the home will need maintenance shortly after you move in, and if there are major problems, the inspection could save you from making a costly mistake.
8. Don’t insist on the seller repairing every item mentioned in the inspection report. If you’ve negotiated a good price in the purchase agreement, you can be comfortable buying the home even if it needs a few minor repairs. Focus on the items that are structural or safety concerns, and let the rest go. You’ll avoid stress and a potentially unpleasant closing experience.
9. Maintain your home. Consider having another inspection every two or three years, and making repairs as they are identified. This will help your house keep its value, prevent minor issues from becoming major headaches, and avoid expensive corrections when you are ready to sell.

buying a property (home) tips

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a great number now developers who offered the interesting package in selling the house with the concepts that sometimes even made confused in chose.
Possibly I suggested to make the matrix that depicted variable-variable that determined you in dropping the choice, the example: the Security, Transportasi, Acces to Road Toll- The supermarket -hospital-The workplace, , The public's facilities, price, Scenery, the condition for Water, the condition for air, Education for the child
Afterwards for the place the weight the value of the priority of these variables.
After that, visited the location and the marketing office of the seller of the house so as to be able to determine how many values utk each location/the developer.
Multiply this value with the variable weight so produced score.
Score highest so that more the priority to be taken.
Must be paid also close attention to by the background of the land where the location of housing.
Well the background of the law, the structure of the land.
Believe in the profit if paying Cash or Loan credit of the house
. if Cash usually bargaining power to lower the price was increasingly big.
For Loan credit of the house better asked direct how the Loan credit of the house process to the Bank that was trusted by you to buy the house.


Property A Property B Property C etc
Security:
- how far to police station
- neighborhoods condition
transportation
Road access to:
-the roadtoll
-hospital
-the workplace
-public facilities
price
Air condition:
-near fabric
-near the roadtoll
-air pollution
Water condition
school
playground
etc
*Give the value in respectively the column from 10 to 100 to get results of the assessment against property that will be bought.

Nearby tips above along with was several tips and the escort bought the house:
Confirmed the aim and your reason bought house or property
- Whether to investasi
- Whether the change in the number of family members
- Whether moving the location of the work or
-Bored paying Money for rent
- earned your reason will make you more the focus would The characteristics
- the house that wanted to be bought by you

*Know your requirement :
What most was looked for by you from one house
The garden behind the house that was wide?
The swimming pool?
The main bedroom in the ground floor
the Garage for 5 cars, Et cetera
More was easy to know the wish than the requirement
When following the wish, possibly you must the compromise with the price

Search informasi
Especially for that just the first time bought the house.
Like:
The process of the trade
The source of funding
Chose the notary
The public's available facilities
The environmental cost et cetera.

*Measured your purchasing power
When your savings were still not enough to buy a house, at this time many funding agencies that happily helped you
It is best to the total of all of your installments (including the credit card and car credit) not more than 30% monthly income

*Looked for the house
you could find him in the brochure that was sent to your house, the plank of the sign, the acid tree, the electricity pole et cetera
However when you looked for the house with the serious owner sold his house you could search in the internet easily classified the house like what was looked for by you.
The price, the location, facilities, the architecture model (from the photograph of the house), the area of the land, the number of rooms et cetera.

*Negotiated the price
Many that could be discussed in the process of the trade in the house
Like evacuation time, the paying off scheme, things that were left, the quality guarantee of the building et cetera.

* The inspection to the location
spend your time and the family to inspect the location, checked the condition for the building and the environmental situation around
In afternoon time, the night, the work day and the holiday day
In specific time, periodically, there were the bustle near your house

To ascertain your right to property that just was bought by you.
Consultations with PPAT/the Notary who was entrusted by you
Or used the bank's notary, They were paid by your money not money for the bank.
You had the right to receive information that was wanted by you.
It is hoped beneficial!