Being a homeowner is not an easy task as the entire procedure of availing home loan makes a person run from pillar to post. But, apart from comparing the financial institutions and documenting paperwork, the home loan applicants do not consider few essential terms which mean a lot to them particularly while repaying the home loan. So, here in this blog post, we help you known about the financial terms that sound heavier than owning a home:
Buying first home is always a dream for everyone. Obviously one gets freedom to decorate, have big rooms and other living space etc. We know that switching from one house to another is always stressful. But when one move to his own house, then the feeling is exhilarating.
Especially for a first time buyer, buying a home is the most important investment. Many sentiments and pride associated with it. A number of questions arise in the mind and sometimes this process lands home buyers in more panic state. [Read more…]
One of the most challenging decisions faced by many people is buying a home or a property as it involves a lot of investment. One of the major concerns of the customers who are looking to buy a home or have already signed the deal is trying to conjure up a picture in their mind of their finished home. To get a feel of their dream home, earlier prospective buyers were either made to visit under-construction flats or were forced to rely on the construction pictures of the project on the developer’s website.
So to address this growing concern of the buyer about the builder’s final product, developers have begun crafting sample apartments and organizing customer visits to the same. A sample apartment is a dummy flat, usually in the builder’s office or at the construction site, with the same specifications or area as the actual apartment and is usually furnished by the builder. This basically gives the customer an idea of what their home will look like when it’s completed – A significant step in their home-buying journey. [Read more…]
Buying a home is one of life’s greatest milestones, but the journey to unlocking the front door of your dream house can feel very overwhelming for many buyers. So how does one begin the process that leads to walking into their own home?
When you are financially ready to buy your first-home, you may think that you have all the information, which you have gathered online or from real estate apps, but there is more to home buying then just comparing two products. It’s a huge investment not only financially but also emotionally and it is a transaction which some people do only once in their lifetime.
Here are five stops that you will make along the journey to your new home. Before you embark on the journey of buying ask yourself these questions- [Read more…]
Moving into your first home is one of life’s ‘champagne moments’, but getting there is not a smooth drive. By being prepared, you can find the exercise less stressful and easy to handle. As a first time home buyer the mortgages, the property market and everything else can be confusing. So don’t get confused just focus and some tips will help you go through the whole process without any hiccups. Before you go in for the property, do a considerable amount of research and check out the local market. As a first time home buyer you may navigate a process which may include excitement, confusion, frustration and uncertainty.
If you are planning to buy a home your first step should be to check your credit. Familiarize yourself with your credit history and make sure everything in your report is accurate. This will help you to improve your credit score before you think of buying. If all is well then keep it that way don’t max your credit card at furniture store after you sign a contract with bank for a loan. [Read more…]
Buying a home is not a cakewalk, neither selling it is. Selling involves as much complications as buying and many first-time home-sellers make mistakes that they regret later. We understand that it is very exciting to put up a ‘For Sale’ sign on your house. The joy of moving to a new place and earning a profit out of this sale makes it all the more exhilarating. However, not knowing the basics of a home sale can make it more frustrating than joyous.
To save you from facing a seller’s remorse later, here are a few common mistakes that you should avoid:
1- Not Hiring an Agent
Selling the house on your own is probably the worst mistake you could make. Most of the seller’s don’t hire an agent because of the commission involved. What they don’t realize is that they end up paying more for acquiring the right deal. Real estate agents know the market and also the right marketing techniques. They are capable of minimize your troubles and getting you the perfect deal. [Read more…]