Things you should know prior to purchasing a home
Certainly, many readers have already had the experience of buying the first property. It is common that there are several doubts and because of this there is a lot of insecurity.
I recently went through my first experience of buying a real estate, where I felt it all on my skin. Doubts, mistrust, long negotiations, financial simulations … In short, everything that involves a transaction of high financial values.
The important thing is that I have tried to prepare myself a lot and through this article, I want to share the main factors that must be taken into account before buying a property.
Where to start
Certainly, the first decision to make is the type of property you want to buy.
Generally, in large cities, we choose real estate that is close to work, school, or both.
Others do not bother with this distance, as long as the property is exactly in the shape and size they desire.
There are still those who prefer a house, rather than an apartment.
The fact is that there is no right answer. It all depends on several factors related to the needs and desires of each one.
Also in deciding which property to buy, it is crucial to know when you will need the property and how you will pay for it.
This is a financial goal that must be well thought out.
How To Find Good Real Estates
Search a lot. Sometimes anxiety and “brokerage talk” leads us to make a hasty decision.
So, it is necessary to research a lot, to know the various options in the market (believe it, there are many!) And personally I visited many of them.
There are several real estate search sites and there is also the figure of real estate broker. Most large brokerages offer a service channel through the site itself, where you can later exchange emails with the broker indicated.
It is possible to know a multitude of options without leaving home. Brokers send all advertising material, plant, available units, price lists and forms of payment. All by email.
Even without leaving home, it is possible to know several properties and make a filter in advance, already eliminating some without the need to waste time by making visits.
To choose the best location of the property, check which attributes you value most and which are less important.
There are people who value real estate in remote neighborhoods to enjoy the quiet, calm, clean air, not minding to spend more time in traffic or commuting to work.
There are others that are very bothered by traffic and so prefer real estate in more central regions, even if this causes some inconvenience.
So you need to do some thinking. What is more important?
Up to that point, I did everything on my own. I defined the type of property that I wanted to buy, when I wanted to change, how to pay; I researched a lot and chose the best location, according to what I value.
From here came my first limitations, because despite knowing good trading techniques, I never went through the experience of buying a property or any product of high value.
That’s when I decided to talk to other people and look for quality materials on the internet. Remember it, at that time all the broker is not necessarily your friend. Although he wants to help, he wants to receive his commission much more.
By the way, to find out how to find good brokers, I recommend watching the videos on YouTube. There’s a lot of cool stuff out there.
Among all the materials I found on the Internet, what I liked the most was the eBook Real Estate Black Book.
I prefer digital books over printed books because of the possibility of contacting the author for questions, download immediately, be updated and – especially – be able to borrow my money back if I do not like the content.
What I found in the material
The eBook presents a series of indispensable tools for anyone who wants to buy a property.
From sites of the search of real estate and research of suitability of the developers and builders to information about abusive practices and simulators of financing.
Besides the tools, there are also many techniques and fundamental information for those who want to buy a property, such as:
- How to find good real estate
- Advantages and disadvantages of real estate in the plant
- How to negotiate the purchase
- Major scams and real estate fraud
- Consumer law
- Payment methods
- Taxes and taxes involved in the acquisition
- How to inspect the property on the delivery of the keys
Why do I recommend this material?
I highly value simplicity, objectivity, and practicality during any reading.
Actually, I like writing content with simple language, without technical terms and words of effect. I also appreciate objective texts, which are not redundant and go straight to the point.
Finally, I value content where it is possible to put many things into practice immediately upon completion of the reading, or even during reading.
And I found these three factors in the eBook Black Book of Real Estate.
For this reason, for those who are interested in purchasing a property soon or want to start planning for this acquisition, I recommend that you visit the Real Estate Black Book website and learn more about the material.
Of all the topics covered in the eBook, the main thing for me was some negotiation techniques.
Anxiety does not go well enough at these times and it is difficult to maintain the reason, mainly due to the pressures exerted by the brokers, such as “the table will be updated next week”, “these payment conditions I can only hold on Saturday” or “there are other two people interested in the property, we have to close soon.”
It is necessary to have cold blood and to negotiate without haste. It looks like a poker game where you do not know if the broker is speaking the truth or bluffing. But, most of the time, it’s bluff or the popular “broker chat.”
Another interesting point is related to the reserved properties. Many times the best are already “reserved”, only the worst are left. This reserve, in some cases, may even be true, but in many cases, it is a technique for trying to sell the less interesting options right away.
Anyway, there are a number of things that we need to keep in mind before trading because the eagerness to secure the purchase makes us believe in any conversation without checking various pertinent information.
When I finished reading the book, I made a checklist to check for doubt during the negotiation. This after analyzing for more than a week the contract and other documents. It’s a lot of work, but it’s worth it.
The acquisition of a property is an operation that involves hundreds of thousands of dollars, often the savings of a lifetime.
Any investment to acquire knowledge in this area is financially irrelevant near the benefits that can be achieved.
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