Buying a property can be a lot of investment for some. We spend lots of money as well as time in searching the right property to buy.This can also become a cause of anxiety in some. But, one cannot escape from fear. One has to face the fear lurking inside to be able a strike a deal that proves lucrative in the long term.
Here are a few fears that a buyer often faces and ways to tackle them.
1) House foundation:
If you are purchasing a bungalow, then renovation and repair are two things that might haunt your mind day in and out.While buying a property we often forget to check the foundation of the house.You should remember that home requires the proper maintenance and inspection. Make sure that you inspect the property for any damage so you have a fair idea as how much you will have to spend on getting a few things repaired.
2) I can lose my house:
If you have shortlisted a house that you would like to buy, plan to buy it as soon as possible as a slight delay may make you lose the property. There might be many of will also be interested in buying the same property. You need to be quick with your decision or you may end up losing the house. If there are new listings then take the appointment of the agent and see the details or visit the site so that agent will think you are interested in buying the house and agent will tell you everything in detail. If you want to purchase the dream home, then be in contact with the agent.
This is the main fear of the buyers. The deposits will be pending due to the signature from both the parties. It is impossible to lose the deposit. If your loan is agreed then you should be in constant contact with the agent and manage the meeting for the house. Also, if you want to extend the contingency date then you can if you are in negotiations.
4) The decline in Property value:
The real estate market just like any other market goes through ups and down. So there will be a time when the property rate will be high and there will be days when the prices will fall. If you are abstaining from buying a property thinking that its price will fall, you may lose a lucrative deal. If there are chances of its value diminishing, there must also be chances of the price increasing.
5) Don’t Rush
Okay! You have found the dream house and you wish to move in as soon as possible. But have you inspected the property and the neighborhood that you are going to live in? If not, don’t rush. Properties should never be bought on impulsive call. Wait and inspect the place before buying or you may end up making ghastly mistakes.
These fears are faced by almost all property buyers. However, with a little vitality, one can overcome these fears and get the desired deal.
Author Bio – Brenda Williams is Principal Broker/Owner at Williams Team Homes.For an all-around satisfying experience in buying/selling or RealEstate Services in Walla Walla, Brenda is the best.
April 4, 2017