Buying your dream home is a critical decision that takes a lot of research, planning, careful budgeting, and execution. However, you can easily ignore the hype and complexities by sticking to the basics when it comes to purchasing a home.
The first and foremost thing is to determine your exact budget and requirements. You can find online Home Affordability Calculators that would give you a great idea of how much you should and can spend on a home. Moreover, you can narrow down your property searches by making an online customized search such as “Flats for sale in Goregaon West or Flats in Goregaon West”. This will help you identify the best properties available for sale or resale. Moreover, it will also help you gain a clear and complete understanding of the prevailing housing market trends and rough cost estimates.
It is also a good point to visit a few homes before you make the purchase decision. For this, you must ideally prepare a list of must-haves vs. nice-to-haves. It is suggested that you must not be shy when visiting homes though common courtesy should always be followed. You must inspect every home thoroughly and list down all details like how much street noise you hear, does the home require repairs, how strong the water pressure is, etc.
It is worthwhile for you to note here that counter-offers and negotiations are extremely common and you must make them. A real estate agent or online home purchase portal’s official can assist you with negotiating the best deal possible if you find yourself in a counter-offer situation. It is important that you should not focus only on the final offer price when negotiating. You must instead emphasize on looking at the overall picture and then raise the earnest money, propose an earlier closing date, or waive contingencies.
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