When planning to buy a new house, there are few questions that are required to be asked from the real estate agents. Answers to these questions will help people in finding the best property that can be easily afforded by them.
Question related to buying the property
A question that usually comes to a person’s mind is that, why should he buy a house rather than hiring an apartment?
When a person is a tenant, his money is gone forever after paying the rent but buying a property is considered as an investment. When a person owns a place, the cost of the mortgage interest is deducted at regular intervals but at the end, house still remains with that person and there is no need to leave the place. This helps in saving a lot of money in the future therefore owning a place is always preferred over being somebody else’s tenant.
Question regarding the price that is being asked
When somebody plans to buy a house, different properties are compared before zeroing onto one. Therefore the most important question remains the cost of the house. When calculating the properties cost, different factors such as the earnest money, down payment and the closing costs are required to be considered.
Earnest money is the deposit that a person makes to show that he is really interested in buying the place. Down payment is a small percentage of the total cost that is paid at the time of signing the contract and closing cost refer to the money that is associated with the paper work.
Questions regarding loan
A person should know the amount of mortgage that can be easily paid by him. Consulting a real estate broker is always a good idea for evaluating a person’s loan potential. The broker will help his client in choosing a lender that suits his requirement and will also help in providing the best loan program.
Getting a pre qualified loan is always regarded as a good idea because this will help a person in buying a house according to the amount of money he can be spent easily. With the money being already approved, a person can easily buy a property that he likes, which in turn helps in speeding up the process of buying.
Questions regarding location of the place
Locality of the house plays an important place. People prefer to buy a house which is located near all the basic amenities such as market, schools and hospitals. Therefore this question always remains on a person’s mind before he plans to buy a house.
Ask the agent what type of proprieties lie nearby. Different types of commercial buildings or industrial plots decrease the value of residential property that lie in its vicinity. Areas, in which crime rate is high or there is some disturbance in the neighbor, are the least preferred spaces. So ask about every little detail.
These were the some of the most commonly asked questions that help people to buy the best property. Keep these points in mind or ask such questions to your realtor to know more about the house that you are planning to buy.
Harji Realtors is one of the leading real estate agents in the region of Chandigarh, Mohali and Kharar. For more information on great deals in Flat in Mohali and the best Plot in Mohali check out our website