Looking for a property is not the easiest of tasks. Here are 3 tips to guide you through a smootherproperty search and better value for your time and money after you reach a deal:
Use an estate agent: Anyone can find a house but not everyone is capable of getting the right house at the right time and right price. A realtor will help check the price of the house in comparison to other homes in the market, carry out inspections on the property, financing and also bargain with the property owner on your behalf. Don’t wait till the property search seems frustrating before turning to an agent. Begin your search with a reputable agent who is a trusted adviser to guide you through the maze of your property search.
Consider all expenses: It is important to consider various expenses that are associated with living in a particular house or location. For instance, transportation is a major challenge for people living in affordable houses which are located outside the city. Thus, before you jump at an offer because it appears very cheap, ensure you can afford the other costs associated with this move. Can you commute to your job from this location? What is the proximity of the property from schools, markets, place of worship, hospital etc.? Is there service charge, how often do you have to pay and what does it cover? These are examples of things to consider before making a big move. Ensure you look at the big picture and how the property you are considering will fit into your lifestyle.
Obtain written agreements: A verbal agreement can work between two consenting adults especially when the transfer of money from one party to the other is not involved. Whether you are buying or renting a property, transfer of a lot of money is usually involved and it is imporatant to have in writing not just how much you are paying out but also have an agreement detailing what you are receiving in return. Without presentable evidence you may find yourself unable to get a defaulting party back on track with an agreement. With a written agreement, you can work towards getting a refund should the other party fail to meet key terms of a deal.
