Category: Finance, Real Estate.
When buying a house, the conventional maxim asks you to focus only on location. But, there are many other issues to keep in mind so that your efforts to ensnare a dream home do not become a utopian mirage.
There is no doubt that location is very important. This article talks about some of those issues: Do Not Be So Sure That You Can Time the Market. But, it is your money in the game. There is a shipload of pundits out there who will swear that the market has reached its crest or its trough- - or both! So, do not let them all take you for one grand ride. It Does Not Cost What You Think it Does. Buy a house when you need it and can afford it.
Do not just look out for the basic cost of transacting. For instance, if you are buying a house, you might have to take care of interiors, fixtures, plumbing, ceilings, painting, walls, carpets, windows, flooring, doors, well that is just the beginning of the list. Depending on the specific property, you could expect to spend tons of money on getting stuff up to shape. There is a whole lot more. Do Not Fall For Common Tricks of the Trade. Make sure to factor it all in.
If you are a first time home buyer, there is always the chance that you might fall prey to some of the common tricks that a home seller might resort to. Trick 1: Using excessive illumination to make the house look cheery. Here are a few for your reference, but it is up to you to use your creativity and imagination to avoid getting fooled. Some sellers will switch on all lights when they are showing you their home- - even if it is daytime. Politely request to turn off some lights to get a better idea. This makes the home look different than it actually is. Trick 2: Using fragrances to disguise the stink.
Make sure you do. Surely that is something you would have caught, right? Trick 3: Being unavailable to answer questions. But they must answer all your questions unambiguously. It is ok for the seller to be missing when you visit the home. Those are just a few of the issues you need to keep in mind when buying a house. Choose to be smart.
Remember it is your house, your time, your money, and your decision.
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