Owning a Property

 Buying, Home, Property  Comments Off
May 092012
 

In buying a property the first thing that will come to your mind, when is the best time to buy one? The majority of real estate agents would recommend that now is a good time to purchase a home. Property prices seem to have falling, probably they don’t have much further to go in most places and rents on the other hand seem set to increase. Buying a property now can almost ensure your home’s appreciation in the future, at the current rates home prices in many countries are down.

Homeownership offers many benefits to many different types of people. For some, playing your music as loud as you want and being able to paint your walls whatever colour you want. No matter who you are, homeownership is a purchase, commitment and a journey that’s sure to bring you pride. Buying a property gives you the freedom to use and alters it as you wish, you can move any time you want and you won’t be tied to a fixed-term contract.

Owning a home will give you the obvious benefits and that is being financial stable. Rather than renting and giving away your money to a landlord every month, the payment you make can become an investment in taking you one step closer to own a property. And another benefit of owning a property is that you get to make the rules for your home. You don’t need to follow any restrictions from your landlord and other not allowed things inside or outside the house. With no monthly inspections you can live freely and be messy as you want. Continue reading »

 

What exactly is a real estate buyers agent and is it true they can save me thousands of dollars? As buyers we have been taught that we can look freely in the market and when we find what we want at the price we are willing to pay, we can purchase it. We know that all sales people represent the sellers of the goods and we understand this concept.

So why would I as a buyer sign a contract with a exclusive buyers agent that says I will only buy a piece of real estate through this one specific agent?

  • What if the agent doesn’t find what I need or want?
  • What if the agent fails to serve my needs?
  • What if I want to see a property without my agent?
  • Why would I want to limit myself to just one agent?
  • Why would I want to obligate myself to pay a buyers agent commission?

To help us understand better, let’s look at a historical real estate transaction.

The first thing to understand about real estate is that historically real estate agents have represented the sellers and not the buyers in the typical transaction. If you wanted to buy a house you’d go out and look at open houses by yourself or just drive by the model homes in a new sub division. The sales agent that greets you is working for the seller of the home to secure a buyer at the highest and best price possible. Continue reading »

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