In The Corner

How to Get your Dream Home in a Competitive Market

Real Estate Agent smilingThere are lots of houses on the market but are you sure that the only one that you want will be available until you re ready to buy it?

2017 has seen some significant numbers when it comes to real estate selling and buying, and experts say that 2018 will be no different. More and more individuals and families in the Philippines are looking at Lancaster New City reviews to find their new home, which is the main reason why you should read up and follow our tips to make sure that you will secure your dream home even in this very competitive market.

Get Pre-approved Beforehand

Most home hunters dive into home hunting even without getting pre-approved. You should always get pre-approved first, as this process can take a long time. Have a lender examine your credit report, score, and history to help you determine how much mortgage you can afford and how much your budget is when it comes to buying a house.

This will also come in handy when it comes to finally finding your dream home as you can submit an offer with a pre-approval to the seller, which shows that you are serious and capable of buying their property.

Save Up for the Down Payment

Gather a reasonable amount of down payment before even putting an offer down to the seller. This not only secures your place but also shows the seller that you are capable of buying the property.

However, you should not pressure yourself and go way over budget. Save what you can, look for a property that is within your price range, and go for that. Putting a bigger down payment will also help with your monthly payments, as you would not have to pay for that much every month.

Prepare a Strong Offer for the Net-Price

Prepare yourself for the bidding and offer a very strong net price. You can ask for a discount, but make sure that it is realistic.

If you are unsure about how much you should offer, then hire a real estate agent, as they would know how to negotiate with the seller without asking too much from them.

Do your research and find the right real estate agent to help you find and buy your dream home. Good luck!