Tips To Know When Buying A House

Tips To Know When Buying A House – Home is the safest place, especially in this MDS time. Deciding to buy your first home is one of life’s biggest decisions. The journey may seem daunting, but with enough research and preparation, you’ll be able to own your first home in no time! Use this opportunity to get useful information during your #StayHome period.

First, assess your budget and finances. Use the many real estate tools available online to find financing – loan calculators, guides, and more. Be sure to consider the need for an advance payment of total financing, which is usually a one-time payment equal to 10% of the total value of the listed property.

Tips To Know When Buying A House

Buying a home in your name is the first big step in building your financial worth, and it’s a long-term commitment. Always “start smart” to find a property that fits your financial capabilities and affordability. As a first-time buyer, it’s a good idea to start small before moving on to a bigger, more luxurious property to avoid financial woes in the future.

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Always consider location when choosing your first home or future home. If your home is too far from your work or school, you may incur transportation costs, such as gas and tolls, to get to work or school. If your options are limited, consider a home that is convenient to public transportation such as the LRT / KTM or a nearby bus station to save on travel costs and time.

Platinum Victory Platinum Arena along Old Klang Road and PV9 in Setapak are strategically located with direct access to major roads and highways.

For most Malaysians, buying a house is difficult; Buying your first home is even more difficult because of high down payments and the commitment of a lifetime mortgage. However, the government offers stamp duty exemptions and many other incentives to first-time home buyers. Do your research and take advantage of these home ownership programs.

You may have found your dream property, but don’t rush into things right away! Always step back and compare the Ringgit and the Sen with similar characteristics. Costs like the developer’s bonus can help you save a lot of money on your first home.

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You may hit some walls as you navigate the stages and processes of home ownership along the way, but learn from the experience. We recommend that you seek professional advice from trusted agents or reputable and honest developers to guide you on your journey.

Once you have all the information you need, you can weigh your options. Many factors influence which house to settle and which loan package to choose. Ultimately, choosing your dream home is a personal decision for each individual.

This article is intended to convey general information only. This is not advice for your specific needs. This article cannot disclose all the risks and other factors necessary to evaluate a particular situation.

Anyone interested should investigate the situation carefully. You should seek independent professional advice regarding your needs and circumstances.

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Copyright © 2023 Platinum Victory Sdn. Bhd. [Registration number 200101017134 (552891-H)]. All rights reserved | Privacy Policy | Terms of Use Posted by Jeff Knox on Monday, April 23, 2018 at 11:17 pm Jeff Knox / April 23, 2018 Comments

This article is a guide to what you need to know to get a better deal on property. There are specific tips, tricks and negotiation tools that only bestREALTORS® know. Here’s what lights up some individualREALTORS® during the negotiation process.

Neither TopREALTORS® nor Smartest Buyers. Below are some of the best tips for learning how to get a seller home for less. And these tips work!

Psychology plays a huge role in real estate negotiations, and sellers take pride in their homes. In fact, Duke University conducted a study on how we as humans value things that have emotional value. Duke called their study “The High Cost of Ownership.” In fact, Duke called the owners of something “unpredictably irrational.” I can’t think of a better way to describe the emotions of most sellers. It’s just human nature. If you want to watch the video, click here.

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Asking the seller to discount the property will only put a wall between you and the seller. In other words, writing an offer on a house and saying “hey, we’d like to get $20,000 on the house for ‘just'” won’t get you anywhere. In fact, such an offer will put you in an almost impossible position to win back the seller’s trust. And it will cost you thousands of dollars to piss off the seller at first. I’ve seen sellers complain about their homes and say, “I’ll sell to this buyer, but it’s going to cost more.”

This is what I tell clients who insist on writing fraudulent offers first – If you don’t want the house that much, feel free to come up with insulting offers. However, if you want to buy a house, don’t do anything to anger the seller.

Unfortunately, most people believe that a real estate transaction is a back and forth until they meet in the middle. As a professional agent, this is a big deal for me, and it’s taking up a lot of time. And in this type of negotiation, neither side has any priority.

As a buyer, it is vital to negotiate from a position of power so that you have the upper hand in the negotiation process. One party (the seller or the buyer) will ultimately prevail in the transaction. How to do it:

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Sellers are now well aware of the costs associated with selling their home – commissions, repairs, title costs, taxes, and more. Instead of offering a low price and asking the seller to pay for the home warranty, add what you’re thinking of closing costs and repair costs and make your first offer.

Example – estimate how much you’ll need for home warranties, closing costs, repairs, etc., and then submit your offer based on those numbers. If you can negotiate $5,000 less than the home is worth, and pay $1,000 in expenses (like closing costs, home warranty, etc.), wouldn’t that be a deal?

Keeping your contract clean means you have a better chance of getting a lower price if you don’t bargain every chance you get – trying to nickel and dime the seller will only build up the walls we mentioned above.

If the seller thinks you and your offer are right, the seller will be more willing to sell your property for less. What does the seller think is right for you as a buyer? Prepare all the documents like pre-approval letter, check for option money, real money and present your initial offer. Being transparent with the seller from the start by creating your documentation shows that you’re serious, not just kicking tires.

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Here’s my advice – when you submit your offer, compliment the seller on the home, but also mention one or two things that need to be fixed after the home is bought. Sellers take a lot of pride and emotional attachment to their home, so a sincere compliment on why the seller likes the house will go a long way. That being said, there are always things to fix, and if you add nicely, “I’m making this offer because the fence needs to be repaired,” the sellers will understand. They must have also seen something like a fence. Be sure to choose items that will be visible to buyers, such as installing fences, roofs, landscaping, chipboards, stone counters, etc. As a buyer, be careful not to exaggerate your praise, or all the salespeople will hear in their head. It’s a “cha-chin” (like a cash machine) and it could cost you thousands more!

Negotiations may continue beyond the initial execution of the contract between the buyer and the seller. Any savvy buyer will have an inspection done by a licensed inspector and probably negotiate a little on the issues mentioned in the inspection report. Therefore, it is imperative to gain the trust of the seller from the beginning. Doing what you say means following the contract on time from the first execution – prompt delivery of option money, actual payment to the title company, and scheduling of inspections. The seller will see your timeliness as respect for themselves and their property, and it will be psychologically appropriate to give you a bigger discount (after inspection). It’s crazy, but sellers want to feel right about the person they’re buying their home from. This feeling is part of their emotional attachment to their property.

On the contrary, if you drag your feet, the seller starts