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