Review Category : Investment

What You Should Know About Buying a House

You might be a couple looking to settle down, or you could just be looking for a new project to invest in. Whatever your purpose, you’re going to want to make sure you know what you’re getting yourself into when you’re buying a new house. How much do you know about real estate? Are you planning on hiring an agent, or will you be looking around yourself? In either case, you should be wary of a few things first.

Open House

A lot of private sellers and real estate agents will have open houses, special days on which you can visit the house of interest and look around. Often these house tours will be guided, and either the home owner or estate agent will highlight the key features and selling points of the property. This will give you a better idea of what you’ll get and if it’s worth your investment. Use this as an opportunity to ask questions and make clarification about anything that strikes you, as there may be things left unsaid. Go in with a sharp eye and listen to your gut. If the house just doesn’t feel right, it’s probably not what you’re looking for.

Consultations

You don’t have to hire a real estate agent, although doing so may help you find what you’re looking for. At the very least you should consult a property or estate agency for Property Investment Advice, as they will be able to tell you what the housing market is like and point you in the right direction. You might find yourself continuing to work with them, and that will probably be beneficial as they can let you know about important documentation, procedures, and housing loans.

Neighbours

An important resource that prospective buyers miss is the neighbours. Whenever you visit a property or house, you should explore the neightbourhood and speak to as many of the immediate neighbours. After all, you should know who you’ll be living next to if you choose to live there. Talking to the neighbours will give you an idea of whether you’ll fit in with the community, and you can find out what the general environment is like. Find out about nearby schools and medical care as well. You might be buying a nice quiet suburban property, but the area may have a lot of petty crime. A real estate agent is not going to be quick to tell you the negative sides, but the neighbours will be a good source of advice and information.

Compare and Contrast

Make sure you visit a few houses or properties and make note of all the pros and cons. If you can consult an independent professional to help you compare the different sites you visit, you’ll be able to better avoid getting cheated or conned out of more money than you should be paying. When you’re looking at these houses, keep in mind what you plan on doing with it, and let that be the deciding factor. If you’re planning on remodeling anyway, for example, it’s ok to go for the slightly run down house. If you want to start a family, you should probably go for the suburban house with the well known kindergarten.

These few tips be the difference between a dissatisfied customer and a lifetime of happiness.

Read More →

Characteristics of a Successful Real Estate Agent

One of the main things that you need to know about the real estate industry is that one cannot survive in it alone. Whether you are a team player or not, you will require the assistance of a number of other people in order make profitable income. Among these individuals, the aid of a real estate agent is paramount to the success of your business. Therefore, it is important for you to ensure that you hire the right agent for the job. When hiring an agent, make sure to see whether he or she has the following characteristics.

Tenacity

A real estate agent who is not tenacious will not be able to get you what you want. Remember that consumers will be quite hesitant when buying houses, especially from an unfamiliar seller. It the responsibility of the agent to persuade these individuals to make the purchase. Some buyers will be stubborn about the price or about certain aspects of the house. At such circumstances, the agent must not give up easily. He or she must be able to close the deal one way or another.

Local Knowledge

It can be quite difficult for you to find the right property or suitable customers when you are unaware about your place of living. Local knowledge is an essential qualification for all real estate agents. These individuals must always follow up on property news in order to know where the profitable prospects lie. If the agent has experience in selling homes in the particular area, he or she will have a clear understanding about the requirements of the customers.

Useful Connections

It is imperative for a real estate agent to have a useful network of contacts. When selling a house, you will require the services of various professionals in order to meet the demands of the customers. For instance, you will require the contacts of an inspection company to make sure that the house is clean and hygienic. In the same way, you will require a real estate lawyer or a conveyancer to oversee the conveyance procedure. You must make sure that your agent has such professional contacts.

Honesty

The real estate agent must be both honest with you and the buyer at all times. It does not matter even if it is for your personal gain, the agent must never lie to the buyer about the house or any other details regarding the contract. Deceiving the buyer can not only ruin your reputation, but it can result in legal and financial complications as well. Moreover, it is important for the agent to be true to his or word as well. For instance, if the agent says that the purchase will be closed within a deadline, it must be done within that time period.

Of course, finding an individual with all the above characteristics can be tough. But if you look in the right places, you will definitely be able to find the right one.

 

 

Read More →
Facebook
Google+
https://www.jamieashkar.com.au/category/investment/
Twitter