Buying First House? Here Are Some Tips For You

All major financial decisions, including buying a first home

, should be made with a lot of thought. Buying a home or living in rented accommodation, both have got their own pros and cons. If you have been thinking of moving to your own house and you are confused where to begin the process from then below written text summarizes the dos and donts of the process. Buying a house is one of the most important decisions that any person takes in his life. Not merely an important decision, buying a house offers lifelong security as well.

The sad part is, as the real estate market is shooting up, buying a property is becoming a really tough task. If not planned carefully, the dream house may never become a reality. So getting well versed with the right approach becomes really important if you wish to excel. All the complexities involved in buying a house can leave a buyer feeling depressed and strenuous. So, it is important to plan before you start the buying process. A good planning will relieve an individual from all hindrances in the path. If you are young, chances are you wont be at a peak income-earning level. If the dream house is out of question then look for other affordable options. Follow the rule of L Location should top the priority list. There is also another rule that the person standing next to you should not have any idea about your plans. Never disclose to anyone the highest price that you are willing to pay for a specific property. The agents are really clever people; do not fall into their trap.

Next, even if you liked a particular piece of land a lot and it meets your requirements, never let the person on selling side know about what is going on in your mind. Buying home demands diplomacy and tactful handling from the buyers side. It is comparable to a woman shopping for shoes. If a woman goes out of her house to buy a pair of shoes, even if at the first shop she finds the best one, she will not end the hunt there. Rather she will try a few more shops, compare the quality of product and the prices at each shop, eventually will make a final deal. This should exactly be the same case with home buying analyze, compare and then finalize. Remain neutral in your talks at each place. The other person should not be able to decode from your gestures and facial expressions about whats going on in your mind.

The rule of thumb is never expecting the seller to agree on your quoted price. So, keep a margin and quote a lower offer than whatever budget you have in mind. The current scenario depicts the apartments in Mohali as the hot choice of buyers. Not just Mohali has all basic facilities in store for its residents but also the property in Mohali has an immense edge over the Chandigarh property, which is really skyrock

by: ajay

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