If you are out for hunting a house for days and you’ve completed your research and now ready to make an offer to buy the house of your beautiful imaginations. At this stage don’t get impulsive, wait and think how much you want to offer the seller?
Prior to do anything else you have to to know what a sensible market cost is for the house you expect to buy. Ask your real estate agent to have a Comparative market analysis for you on the same category of homes that were sold in the last year in your aimed locality. Though an evaluator will only use the data of last six months of sales when making appraisal value, it is useful to get an overall trend analysis of the neighborhood to evaluate that prices are increasing and that investment will be safe in the long run.
To come on a reasonable price you and your agent should compare the location, amenities and condition, location of similar houses that are already sold out the current market competition of other similar property for sale in the area.
You also need to figure out what are expecting to pay for the particular house. If you want to pay existing market value because you don’t want to lose the property then let your agent know this in advance. Most of the agents try and bargain a below market sales value for you because they want to satisfy you and keep you as a prospect client. Only a buyer determine how he may feel if he lose the home to the other buyer for a little difference in price. If you want to buy your desired property than tell your real estate agent this so he can negotiate for you a better deal.
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1 comment:
Very well written and this article is particularly too much helpful for foreign investors who are nowadays interested to invest in dubai real estate and here I have got the clear idea on what is the procedure to invest in dubai real estate.
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