how to buy a house
Post on 21-Dec-2014
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How to buy a HOUSE ?
There is a very important thing related to the steps to buying a house, which is about the mortgage.
All things related to mortgages, because of lack of knowledge about this could end up losing their homes due to foreclosure.
Nearly 80% of people buy houses by taking a mortgage, and 50% of them are not equipped with steps to buying a house is good.
IMPORTANCE OF STEPS TO BUY A HOUSE
Step 1
Consider the Benefits & Financial Implications of Owning a House.
The advantages and disadvantages of buying a house
The financial implications of buying a house
Step 2Calculate The Deposit & buying power
How much deposit do I need?
How can I obtain the deposit needed?
Determine Your Buying Power
- What can I afford to buy: apartment/terrace/detached house?
Establish your Goals and Needs
What type of property do I want?
What features do I want?
What is my preferred location?
Step 3
Arrange for Provisional Finance
Sources of finance
Cost of finance
Type of loans-Prepare a down payment to be steps to buying a house next, as a record average asking banks about 20% of their estimated price
Step 4
Step 5
Find the right home.
Through Real Estate Agents- Handles the sale of properties in 3 sectors: residential, commercial and industrial
Through newspaper classifieds
Other ways of locating the right house
Step 6Analyses the House Location
General location
Specific location
The physical aspects of the actual house
Financial analysis
Step 7Find a good lawyer.
Make sure you at least talk to them on the phone and ask them how much they charge
Ask as many questions as you can, but you probably away won’t get more than 5-10 minutes.
Purchase the Property
Pre-contract stage
Contract stage
Post-contract stage
Step 8
More Information please go to:http://www.sentinelproperties.com.my/index_a.php
Resources:
http://secondhome-mortgage.com/steps-to-buying-a-house
http://www.sentinelproperties.com.my/index_a.php
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