Home buying tips:
Buying a property is not an easy process and most buyers are so overwhelmed with anxiety that they become indecisive. Also, most buyers make a lot of mistakes until they realize the order things should be done.
- Identify the area in which you want to live or invest. When choosing an area, consider the following: Distance or access to your work, where your loved ones reside, what the current situation and future of the area is and others.
- Determine the amount of money you intend to invest.
How much cash do you have? Subtract from this amount your expenses such as notaries, lawyersand real estate agents fees, carriers, possible renovation costs, furniture purchases, etc. Ask and get a written bank loan approval. If you have a low income is there anyone that can guarantee for your loan? What monthly loan installment can you pay?
- Identify your basic housing needs by asking yourself the following questions.
- How many bedrooms do we need or will need in the coming years?
- How important is parking space to us?
- How necessary is the bus stop or public transport in general?
- How many baths or toilets do we need?
- How essential is the view to us?
- How much do we need a fireplace?
- How necessary are schools, kindergartens, special schools etc in the area?
- How necessary is it to have a SUPER MARKET a local market, malls etc. in the area?
- How necessary is a church, entertainment,facilities, a sports area, parks, doctors, etc.?
- How necessary is it for the property to be near the home of our parents, relatives, friends etc?
- Did you compile a list of all your “I want” instead of “how necessary it is…”? We all want the best, yet everyone’s financial capabilities also determine the size of the “want” and “I need” list. When you find a property that meets 70 – 80% of your listing then you should buy it.
- In any case, once you know what you want and how much money you can invest, there is no reason to see properties that do not suit you. If you first ask your real estate agent or anyone who sells the property the right questions, then you will save time while finding exactly what you want and at the price you want while maintaining your peace of mind.
- Keep details of the properties you have been shown and make comparisons, not only based on their price per square meter, but also on their location, floor, quality of construction, advantages and their age.
- If your time and peace of mind are valuable to you, stop looking for ads, determine the criteria that your future property must meet, and choose a good real estate agent who is active in the area you are interested in and let him / her look for you.
- Be flexible. Some buyers are literally stuck when it’s time to make the big decision. Really, what’s more important the dream home you need, or is it more important that Grandma’s dining room fit into your new home? You need to sacrifice something! Don’t try to adapt your new home to the (most of the times) useless subjects you bought for the past house.It was other times, and they meant to meet other needs.
- When you and your real estate agent find the property that suits you best, leave thenegotiation to him. Negotiating is for him something he does many times in his everyday life, while for you it may be the first time. Avoid appointing additional negotiators such as a relative or your lawyer, not only because they may not know the art of negotiation, but also because there are many chances to cause misunderstandings that might end up cancelling the purchase.