4. November 2019

Three Tips to Successfully Buying a Home

Step 1. Search. Most people think that the process starts with the search for the property. But I go a step backwards. The search starts with finding the right team to support your buying process. The second part of the search process is the search for the property. Ideally your agent will send you links with properties pre-selected for you based on your preferences. One of the key points searching for property is to understand if you are going to use the property as a second home or as an investment property for rent. There are many other things that are important at the time of search, so the more clarity you can offer your agent, the better odds your agent will be able to help you find the right property. If you are not clear, make sure to have a conversation with your agent to help you define the basic area, size and characteristics you want. You don't need five different agents to see five different properties. Hire one who understands your needs. You need efficiency.

Step 2. Select. It can be overwhelming to see how many properties are on the market. Selecting the right property can be confusing. The best way to do this is ask your agent to help you in this process. It is really important that you select the properties that you feel are closer to what you want. Make a list of things that you can live without and the ones that you can't live without, which will help you select the best ones for you and your goal. Once you see the properties, select the three that you like the best. While you put the offer in for the first home, you will still have two backup properties in case the first one does not work out.

Step 3. Present. Presenting an offer is a very important part of the process. One important thing has to happen before you decide how much you will offer: ask your agent to do a comparable analysis of the property. That way you will know how much similar properties in the community, building or area sold for in the last three months. It's also important information to learn the history of the property on the market. How can you use this information? If a property has been on the market a long time, the seller might be willing to accept a lower offer. Analyzing this information sometimes becomes an art more than a science, so the experience of the real estate agent is important.

At the end of the day, the success of a real estate transaction depends on many factors and requires more than only visiting properties to choose the one you like best. A successful real estate agent will take the time to work on each of these steps.

Taken from World Property Channel

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Authors: Brigada
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