When you go shopping for a house to buy, you must be aware of all the costs that will be involved. Apart from the actual purchase price that you and the seller agree on, there are a large number of other costs, some big and some small. Some of these relate to the home loan, while others relate to lawyers’ fees and transfer costs. It is a good idea to familiarize yourself with all these costs so that you know exactly what you are going to have to pay out at the end of the day.
You have to focus on the time value of money when looking at the long term benefits of real estate. Let’s say you buy a $200,000 house today and the home appreciates at a modest 5% a year. After 20 years that home will be worth more than $530,000! At a 10% appreciation rate for 20 years the home will be worth over $1,345,000! Let’s be negative and say that real estate will only appreciate at 3% a year for the next 20 years. At this slow appreciation rate the home you paid $200,000 for would still be worth $361,222 at the end of 20 years. Keep in mind that at the same time you or your tenants are also paying down the mortgage. Can you imagine if you had 10-20 good long term rentals? After 20 years there is a good chance you would be a multi-millionaire.
“We are witnessing high demand for fixed-rate products, which is why we launched our new fixed rate product,” said Jairam Sridharan, senior vice-president, head consumer lending and payments at Axis Bank, which launched a lifetime fixed home loans product last week. ICICI Bank and HDFC have also come out with limited period, fixed rate products.
Here’s the problem: when your home website is included on the same website as hundreds of other properties, there is no way you can optimize it separately to drive search engine traffic from Google to see your home.
Before investing your money, it would be a wise decision to do a homework on the recent real estate market to make sure you are getting value for your money. To know more, you can talk to independent valuers and agents to know about the recent sales in the area.
Knowledge – Carpenters know a lot about carpentry, more than potential hobbyists do. One’s first attempt would hardly match that of an experienced carpenter’s work output. In the same way, buying a house is too big a deal to leave to beginner’s luck. Real estate agents have a treasure trove of professional knowledge and experience behind them, and it’s a good idea to take advantage of that when going through the process of buying a home. Especially if it’s your first time, buying a home could be confusing and challenging. Having somebody who’s helped other people UNGLY HOMES hundreds of times could be a great help to you.
You can get a fair, firm offer which is competitive. With this type of a company you can be assured of a property that will not linger in the market for a very long time. The house purchasing deal can be closed quite quickly. You should choose a company that should have a good track record that you can trust completely. The right company will give homeowners the power to sell their house directly and quickly.
Other than the property dealers, online property portals can also be of help while researching best home deals byford available. The property portals can provide list of home deals byford available in different categories to Buy, sell or rent out.