Basic Tips on Buying a Home in Philippines
- Check Your Neighborhood
Location! Location! Location! A new house will be your home for your family some time to come. Research the neighborhood that you are interested in.
- Inspect the Home
When you make an offer on a home, it's a good idea to make your offer contingent on a home inspection, conducted by an independent authorized inspector (your inspector). You will have to pay for this inspection yourself, but it could keep you from buying a house that will cost you far more in repairs, down the road. If you are satisified with the results of the inspection, then your offer can proceed. If you aren't,you may want to negotiate, asking the seller to pay for certain repairs or asking for a lower price.
- Negotiate the Home for Sale
Unless you have a buyer's agent, remember that the agent works for the seller. Make a point of asking him or her to keep your discussions and information confidential. Listen to your real estate agent's advice, but follow your own instincts on deciding a fair price. Calculating your offer should involve several factors: what homes sell for in the area, the home's condition, how long it's been on the market, financing terms, and the seller's situation. By the time you're ready to make an offer, you should have a good idea of what the home is worth and what you can afford. And, be prepared for give-and-take negotiation, which is very common when buying a home. The buyer and seller may often go back and forth until they can agree on a price.
- Update the Status
Once you have deal for the home, there are many things that will need to be done before closing. As the home buyer you are responsible for financing, insurance, utilities, and other expenses. Make sure you know what the progress is on your applications. The seller is responsable for repairs. Good agents, for both the buyers and sellers, will keep the parties informed.
- Closing the Home for Sale
Closing is where the transaction is complete on the sale and purchase of a home. Here is a good site with discriptions of the actions and players.
- Housewarmings
Have a party! It doesn't have to be right after you move, so you don't have to worry about it right now. Think of it as entertaining your friends, not as a way to get gifts. Some people will bring something, some will not. You've no doubt been talking about your new home to friends, family and co-workers. They will be happy to get the chance to see your new house. Oh, and this is a good time to have a party because it's the only time you'll have an excuse for any unpacked boxes still sitting around
Tips and articles about Real Estate
|
