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Real state traps - Home Buyers Traps

Solly Assa, the famous real estate developer gives out a few useful tips when buying a home...

NEW YORK - Nov. 22, 2017 - Rezul -- One of the most common mistakes among homebuyers is not doing proper research and preparation. Understanding your family's needs and finances is of utmost importance. In order to avoid any mistakes, Solly Assa strongly recommends homebuyers to analyze their assets, sort out debts and get pre-approved for finance before jumping into the house hunt. Learn more about the neighborhood, the quality of schools, the crime level, transport and possibly upcoming zoning issues.

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To put you in the best-negotiating position, it's critical to have your loan pre-approved (not just pre-qualified) before going house hunting. Find out how much house you can afford – but you can't simply go to a bank's Internet site, use the calculators to see how much you can borrow and assume you'll get a loan. There's a big difference between what the banks indicate they can lend you and what they actually will. It's important to pick your finance package carefully. Don't just go to one bank; instead, use an independent finance broker who has access to a range of lenders and finance products.

Read more on https://www.biggerpockets.com/blogs/9823/68014-common-home-buyers-traps

Source: BiggerPockets

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