Then a series of tips or tricks to buy a flat at a good price in a crisis like the one currently residing in the housing market are listed.1. make sure you can pay for housing
Sounds obvious, but not the first times someone makes an offer on a house and then cannot afford it. Therefore, by placing a bid on the table, you have to be very, sure, you can afford it, this means that you have the money, you have sold your old house or have materialized mortgage.
2. Is it an investment or your primary residence?
If the purchase is purely for investment only will have to think in terms of profitability per rental (try to reach and possible rise in the price of the House, will have to be aggressive in the final price, without sentimentality. Conversely, if the housing is to inhabit it for 10 years or more, can be a little more flexible if it is the House of your dreams), although you should always ask yourself if you can with all expenses of that House, above all, if a great jump from your previous home.
3. Do not buy until you have sold your home virtually
Until you have sold your house, do not know how much you get for it. Therefore, it is better not to go making deals during this period. In fact, some real estate homes refuse to enrage people in these circumstances. In addition, that despite the widespread drop in prices, there is still people who do not accept that your home has dropped in price, but are making offers tremendously lower on properties that interest them.
4. Weigh what you want Property
Is price the only thing worth the floor? Now more than ever you should think about what interests you and choose a home. Previously only recommended to follow the rule of three l (location, location, location), but now in recession period speaks of the three p (position, price and perfection). Houses that have been fallen the most are not necessarily those that have the best price. Although there will always be room for negotiation, the best houses have lost less value. Therefore, you have to choose what we want (transport, services ...).
5. Investigates how far you can lower the price
The best way to do is make an offer. Must be hinting that we will, but we will take some time to let the realtor excited. While, find out more about the property and the property owner of interest. The time it takes in the market, the level of desperation of the seller, how many wins and how many offers rejected. you have to be curious without being rude to bid adjusted downwards, which will probably be rejected, but if it is realistic can be a touchstone from which to start trading.
6. Make your offer
Have more chance that you accept an offer if the seller has already suffered some disappointment in the form of withdrawal of interested buyers or near dates, such as Christmas. Is also important to try to find out if the seller to view important dates, such as a job change or need to apply for college or other service in another location. Also, tend to be more receptive if they carry psychological times with property for sale, such as a year.
7. Get comfortable seller
Make an offer down, but be prepared to accommodate you to the time schedule of the seller, that maybe the house needs a few months before give it to you. That can give you significant savings because it will save rent. In addition, you must be polite and show your admiration for the improvements you have made the seller, but you say you have to include in your offer a cost reform.
8. You must practice gazunder
In U.K, no contract through until the deed is sign, so some people stoop your offer or haggle at the last minute. In the past where the housing prices kept going up not otherwise sellers were going to the buyer at the last minute saying they had another higher offer and threw them of the agreement if not matched that offer. Here are reviews for all tastes. While some recommend against it because it is unethical, others point out that business ethics is in the price and if the price is down to the agreement must be able to adjust the value of the transaction.
9. If you haggle at the last minute
If you decide to withdraw your initial offer, make sure you have ready reasons for such change and give the agent time to negotiate with others interested in the property. Otherwise, it takes more than a whiff of blackmail and it may mean that the seller withdraws from the sale completely. Be prepared to lose the property if it is a bluff.
10. be ready to close the deal
Finally, make sure you are ready to go ahead and close the deal quickly if there is an understanding. Have everything handy and ready to not expanding the process.
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