tips on how to avoid mistakes when buying a house

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Tips on How to Avoid Mistakes when buying a house

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Post on 20-Jul-2015

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Page 1: Tips on How to Avoid Mistakes when buying a house

Tips on How to Avoid Mistakes when buying a house

Page 2: Tips on How to Avoid Mistakes when buying a house

Buying a house is not an everyday activity and for most people it isusually a one-time purchase. So it is only understandable that likemost first times, it is quite possible for a new house buyer to makemistakes too. Given the fact that investing in a house involves a lot ofrisk both financially and emotionally, there are a lot of things whichcan be avoided with careful research and planning.Firstly, be prepared for the buy. You should be aware of your spendinglimit and be sure that you stick to it. When it comes to buying a house,you cannot afford to spend more than your budget. This is one of thebiggest investments of a lifetime for most people. So, you have toensure that you have your finances sorted. Have your credit scores andalso your credit history checked so that you are aware of where youstand. Inexperienced money borrowers should be more careful andthe same goes for those who are generally impulsive people. Buying ahouse should be a proud moment and you don’t want to ruin thatfeeling by ending up in a financial soup.

Page 3: Tips on How to Avoid Mistakes when buying a house
Page 4: Tips on How to Avoid Mistakes when buying a house

The next thing to do is hire a real estate agent, however, ensure that theagent you hire is a qualified one. Real estate agents who are certifiedusually have the title ‘Realtor’ after their name. These are the ones youmust hire because they will not only help you to find a house of yourchoice but will also guide you along every step until the sale is closed.Real estate agents study the realty market in detail and are well aware ofthe current market situation as well as the property rates in a given area.This gives you the assurance that you won’t be cheated by the seller. Yourreal estate will be able to tell you at once if the seller has over quoted. Ifhe’s a good agent, he will also negotiate with the seller to ensure that youcan buy the house at the best possible price.

Page 5: Tips on How to Avoid Mistakes when buying a house

While you may have to spend a little on commission for your real estateagent, don’t think of it as an unnecessary expense. You cannot expectprofessional opinions on the structure, age, surrounding areas,infrastructure and potential growth in price of your possible future hometo come for free. Real estate agents also have access to the MultipleListings Services database which has information about every house onsale in a particular area. Only certified agents have access to this databaseand it can be of great help in matching your choice of house with thelistings to find a perfect match. It also saves a lot of time as opposed tomaking time for house inspections which do not meet your expectations.

Page 6: Tips on How to Avoid Mistakes when buying a house
Page 7: Tips on How to Avoid Mistakes when buying a house

As long as you’ve sorted out your finances and are sure that you want to buy a house, simply hirea real estate agent and he will help you with the rest. If you are interested in buying a house inPadstow and need a real estate agent, visit this website.http://www.strattoncreber.co.uk/forsaleoffice/padstow/1305/