Home Buying Tips http://yournewcolumbiahome.com Mon, 28 Dec 2015 00:31:11 +0000 en-US hourly 1 https://wordpress.org/?v=4.4.2 /wp-content/uploads/2015/12/Untitled-2.png Home Buying Tips http://yournewcolumbiahome.com 32 32 Creepy & Yolo Celebrity Homes /creepy-yolo-celebrity-homes/ Mon, 09 Nov 2015 19:32:16 +0000 /?p=180 Mostly celebrities go for biggest mansions they can afford, however this list isn’t about how big their mansions are. However in this article we have ranked their homes based on how creepy or how yolo they are or their homes. They are one-of-a-kind homes that resemble their owners character from Ny to South Beach.

 

 

 

DiCaprio

Leonardo DiCaprio’s Eco-Friendly NYC High-Rise

Lots of celebrities own a luxurious loft in the Manhattan. But it’s likely that none of them are as quirky as the one owned by “Titanic” actor Leonardo DiCaprio. He purchased his apartment for $10 million in 2014 and proceeded to add an array of odd and eco-friendly features, including vents that provide aromatherapy, a vitamin C-infused shower and a floor that’s built to be easy on his back while it heats his feet and supports his posture.

 

 

 

 

gaga

Lady Gaga’s ‘Bat Cave’ House

Purchased in 2014 for $23 million, this massive Beverly Hills estate includes a salt-water pool, a two-lane bowling alley, an eight-horse stable, a bocce ball court and huge wine cellar. But the most unusual feature might be the house’s secret entrance, which opens up into an underground garage and storage area known affectionately as the “bat cave.”

 

 

 

Paula Deen

Paula Deen’s House Of Shells

While she may no longer be on the Food Network, this southern chef knows how to create her own style. Her $12 million Savannah, Georgia estate is filled with statues, busts and other decorations that include sea shells. Deen loves shells and they cover the inside of her home in a way that is both inventive and a bit creepy. To say nothing of the carpeted doggie doors that lead up to her bed, with a sign hanging over the bed reading “Y’All Come Back.”

 

 

 

Drake Yolo House

Drake’s House Of YOLO

This rapper’s $8 million mansion includes a giraffe statue, a bedroom with a secret entrance, an 80-foot water slide and a mechanical bill. The house used to have a sign out front that read “Yolo Estate,” but Drake took it down after it was stolen four times by fans.

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Fascinating Features of Most Celebrity Homes /fascinating-features-of-most-celebrity-homes/ Sun, 08 Nov 2015 13:25:20 +0000 /?p=176 Many are curious about how celebrity homes look like, considering the wads of cash and plenty of money these people have in their bank accounts. In fact, some of these stars have made headlines from their palace-like residences, equipped with a private golf course, a pond or lake within the estate, and dozens of expensive automobiles showcased in their garages. So, if you want to learn more about some of the newsworthy houses owned by celebrities, read along and find yourself awed by what the rich and famous have spent their money on for what they can call “home sweet home”.

 

 

 

 

Techie Features

Techie Features

World-renowned techie Bill Gates is known for his money-making business and brand, as well as his enormous fortress in Washington. The moment you enter his estate, this place will leave your mouth hanging open from the massive space and equally fascinating features inside it. For instance, it houses a domed library that measures 2,100 square feet with an oculus, a garage big enough to fit in 20 vehicles, plus an Art Deco Theater at 1,500 square feet in dimensions.

 

 

However, the most brilliant thing about Gates’ abode is the state-of-the-art technology that keeps every resident safe. Guests are required to wear a type of electronic pin, which monitors every single movement they make. This pin also has the capabilities to adjust the music, climate and lighting indoors for every person’s satisfaction and comfort.

 

 

 

Nature-Inspired

A classic example of a celebrity house that features patches of land, lush greenery and water elements is Hugh O-Brian’s mansion. His property in Los Angeles with a beachfront looks like it came out of a Western-themed film, with plenty of woods and a prairie home that faces nature vistas. The same holds true with Mark Wahlberg’s grand residence in Beverly Park. It comes with a gorgeous swimming pool with a diving rock and a waterfall, among other fascinating elements that appeal to the actor’s interests such as his private library, gym and wine cellar.

 

Tom Brady and Giselle Bundchen also once owned a nature-inspired chateau, which is coined as an eco-mansion because of its green features. This home has reclaimed cobblestones, solar paneling and an impressive gray-water irrigation system.

 

 

Personalized Elements

Shirley MacLaine has always been vocal about her fascination with New Age beliefs, and this is reflected in her New Mexico ranch located near Santa Fe. This large space features a stone labyrinth that she regarded as a meditative spot in the estate. There is also a chicken coop and horse barn, which complete the country feel of the ranch. Interestingly, an underground apartment is also found in her home, which is designed specifically for spiritual activities.

 

 

 

Extravagant

Extravagant and Outrageous

Indeed, celebrities have enough money to burn to fund their passion for a luxurious lifestyle and majestic homes. Travolta has a vast space for his private jets and a runway, Michael Jackson once owned an estate with his very own amusement park, and Oprah Winfrey has a lake in her property. With these interesting features, it is not surprising that the public are keen on finding out more about the homes of these celebrities who show the world how to live like kings and queens in their own unique ways.

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Top 4 Impressive Celebrity Homes /top-4-impressive-celebrity-homes/ Sun, 08 Nov 2015 13:00:40 +0000 /?p=172 When it comes to celebrity homes, these may vary from a multi-million mansion to a castle-like abode with everything that comes with it – a moat, private lake, and high-end technologies for optimum security and superior comfort. This is not surprising, though, considering the multiple bank accounts of these celebrities, they have enough to even buy their very own island, if they choose to! Indeed, they are living the life of kings and queens in their highly-secured sanctuaries where there is plenty of space to entertain guests, play golf, or even park their private jets right in their massive yard.

 

So, take a closer look at these majestic and fairy tale-like homes of some celebrities, which will make you go “oooh” and “aaah”.

 

 

Bill gates

1. Bill Gates

The techie genius has made so much money (and still does!), which funded his $120 million fortress located in Medina, Washington. Gates is a proud owner of the enviable Xanadu estate, and it has served as his cozy home – or much aptly called a fortress – for quite some time now. In fact, this property is so vast, that it is considered as the largest private residence in the country. Some of the cool features in the home include high-tech settings to adjust the climate, lighting and music indoors, which are designed to meet residents’ preferences. Moreover, guests are required to wear “smart pins”, and these help keep track of their every movement for security purposes.

 

 

 

Tom Brady

2. Tom Brady and Gisele Bundchen

One of the well-known celebrity couples, Tom Brady and Gisele Bundchen is also made popular by their jaw-dropping palace in Los Angeles, California. A glimpse of their home will remind anyone of a page from a fairy tale, as it features a moat that highlights their property amounting to $20 million. There are plenty of rooms for this wealthy couple and their guests to relax, enjoy the scenery and bask in the life of legit royalties.

 

 

 

John Travolta

3. John Travolta

With his intense passion for flying, no one would be surprised to find a runway and a private jet in this celebrity’s home. John Travolta’s Ocala home may be not as massive as other castles owned by celebrities, but for a four-million-dollar home, his property is not bad at all. In fact, his house and the huge space surrounding qualify him as an authentic rich and famous, which showcase the homeowner’s fleet of planes, specifically a lavish Boeing 707.

 

 

 

 Oprah Winfrey

4. Oprah Winfrey

When it comes to expensive homes, this former talk show host definitely has some serious bragging rights. Oprah Winfrey owns a grand mansion (and a private lake) in Montecito, California. Her property goes as far as the eye can see, and she even has ten huge fireplaces indoors that are perfect when the ambience calls for a cozy and romantic night. With her $85 million home, she deserves to be up there in the list of wealthy celebrities in the world.

 

There you have it – just a few of expensive and note-worthy celebrity houses known for their outlandish beauty and enormous size that make them fit for royalties.

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Buying a Home? Take a Look at these Inevitable Home Buying Inspection Tips! /buying-a-home-take-a-look-at-these-inevitable-home-buying-inspection-tips/ Wed, 21 Oct 2015 11:15:13 +0000 /?p=41 The process of inspecting a home before purchase has become more important today not only because of eventual uncertainties that may require the purchaser to take responsibility but mainly to ensure that you are not purchasing a money pit. Unfortunately, often the inspection is somewhat rushed or even cursory. Chances of missing out on minor problems are high and sometimes a major defect is also glossed over. If you are sensible enough to put a lasting roof for your loved ones, here are some of the inevitable home buying inspection tips.

 

 

 

checklist for home buying

Visit the home well armed with a checklist

Becoming an “educated buyer” is essential to make your home buying experience a cinch. Your first visit to any of the homes for sale involves more than just taking a tour with the real estate agent. It is best to be prepared for the home inspection with a checklist and know how to be able to make a proper assessment of the homes for sale. The data gathered during the home visit will help you when you are making the final decision; that is which among the many homes for sale you will buy.

 

 

 

Taking Picture

Take pictures of the house

During the home visit with a property agent, take photos of the house with your camera. Even if you’ve seen the property online or taken a virtual tour, you should take a few of your pictures so that you can hone in on areas that may not have been highlighted in the marketing materials. Bring a digital camera with you to get close-up shots of all the rooms, the backyard, the basement and other areas so you can review them later.

 

 

neighboring properties

Observe other neighboring properties

Take a good look at the neighboring properties. How close is the home to your neighbors? Do you have a fence between you and your neighbor’s back yard? Take the time to observe the other properties in the neighborhood, look at the types of vehicles in the driveway, and determine how well-maintained the lawns and landscaping are. This will give you a general idea of the lifestyle and overall community lifestyle of area residents.

 

 

 

Identify 3 to 4 unique features of the property

If you plan on visiting many homes for sale, this activity will aid you in recalling the homes that you have seen. Try to identify a few features distinct to the house, like if there is a pool, a nice garden, an island in the kitchen, or a loft style bedroom that makes the property stand out among the rest. This will allow you to keep track of the benefits of each of the real estate properties that you visit.

 

 

Assign a rating

You can set up your rating system to filter out homes for sale that are not the ideal purchase for you to make. Use a scale from 1 to 5, assigning a high number like 4 or 5 to the ones that you would like to own. You will be able to make the decision of which of the homes for sale to buy or see if you still need to visit more homes for sale.

 

It is possible for a first time home buyer to breeze through the home buying process by using these vital tips, with the help of a good real estate agent, or one of the real estate websites to find homes for sale in their desired state and city.

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Home Buying Advice for Millennials /home-buying-help-for-millennials/ Wed, 21 Oct 2015 10:53:34 +0000 /?p=44 When buying your first home, it is easy to get carried away by details and forget about what is really important. So slow down, take a deep breath, and think about these four things.

 

1. How long will you live there?

Every time you move, there will be costs. Fees for selling, costs for buying, taxes, and moving companies all add up. If you are planning to move within five years, most experts agree that you might be better off renting until you are more settled. If you are unsure about your plans, it might be better to wait to buy for another year or two.

 

 

Home Buying
2. What can you afford?
Setting a budget might be the most important part of buying a home. Track how much you spend every month for several months. Then, calculate what kind of payments you could afford every month. Be sure to leave some extra money for unexpected expenses. Even newer homes frequently need some repair, and new homeowners often need to buy things like tools for the house and yard.
Now think about your downpayment. Remember that some of your savings will go to pay for closing costs like realtor fees, a lawyer’s fees and taxes. Now consider how much you are comfortable borrowing. Reference your earlier calculations about what size of payments you can afford, and be sure to allow for the chance of rising interest rates in the future. Remember that you do not have to borrow as much as the bank will allow!

 

 

 

Women walking in street

 

3. Where do you want to live?
Many people underestimate the impact the location of their home will have on their quality of life, so begin your search by considering the location. On a map, mark important locations such as work, schools, recreation areas and shopping. Then narrow down acceptable locations by how much of a commute to each place is acceptable to you. Remember that living near work can save you money if you will not need a second vehicle. If you have young children or are planning a family, do n’t forget to consider if there are schools nearby. Once you see what you want to be near, you can narrow your search down to a few neighbourhoods. This will save you time when you start looking at houses.

 

 

 

 

Spending Money

4. How much space do you need?
Although it is tempting to go for the dream home right away, think about how much space you need. A large yard is nice, but weeding and mowing can take up half of a sunny Saturday. A big house with five bathrooms feels spacious, but it uses much energy, and somebody has to clean all those bathrooms. Buying a house that is no bigger than you need will save you time and money, as well as stress if you stretch your budget for the extra space.
If you think you might need more space in the future, consider buying a house that can grow with you. Maybe you can finish a basement or attic in a few years to add an extra bedroom, or maybe there is an extra bedroom that you could turn into the spacious ensuite you want.

 

Once you know what you can afford, what kind of a house you want and where it should be, then it is time to begin looking at homes! This is the fun part. Take your time, don’t let anyone pressure you, and good luck!

 

 

This was Guest Post by John. He works as copywriter at review centre.

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Dream Properties in The UK /dream-properties-in-the-uk/ Wed, 21 Oct 2015 10:52:45 +0000 /?p=46 There is nothing uncommon about young families moving to the countryside and exchanging their postage-stamp-sized city pad for a cottage or a spacious, detached house. They fantasize of a playroom or two, a farmhouse kitchen, and a garden that is a gateway to the great outdoors. This type of lifestyle change is often part of a residential rite of passage and is now becoming more common in the UK.

 

As the prices of properties continue to soar in most cities in the UK, home-owners are selling up with their eyes set on the United Kingdom’s designer towns. Dream properties can be found on the coast and are located in some of the most beautiful and tranquil locations in the UK. Below is a list of properties worth checking out.

 

 

 

 Bodinnick

1. Bodinnick, Fowey, Cornwall (Knight Frank)

With a prime waterfront position, this very exceptional coastal property has direct access to the Fowey Estuary. The estuary is known to be one of the most unspoilt parts of Britain’s south coast. The property has five beautiful bedrooms and is built on a 1.10 acres piece of land. The scenic dream home is situated just a short boat journey from the town of Fowey. This is a town that is well-known for its distinctive charm, incredible history and for being a lively commercial seaport.

The property is going at £ 1,975,000.

 

 

 

 

Sandbanks

2. Sandbanks, Poole, Dorset(Savills)

This a modern masterpiece property. It is regarded as a luxury beachfront super-home. The property suits a buyer who needs all the state-of-art features and still desires a classic, peaceful sea-front location. The home has five bedroom suites, lift, cinema steam room, leisure suite, hot tub, an indoor swimming pool, sun decking and terrace to mention but a few of its numerous incredible features.

The property is going at £ 5,000,000.

 

 

 

savills row london

3. Craig Y Don, Horton, Gower, Swansea(Savills)

The property is located on the South coast of the Gower Peninsular. The area is designated as the United Kingdom’s first Area of Outstanding Natural Beauty. This appealing property has undergone extensive restoration in the past few years. The property is a dream home with outstanding views of the modern Port Eynon Bay and serene sandy beaches.

The property is going at £1,999,500.

 

 

 

Dorset

4. Sandbanks, Poole, Dorset (Savills)

The property is located in one of the most high-class coastal property addresses in the United Kingdom, the Sandbanks Peninsula. The home has numerous features such as twin berth marina, underground garage, gym, a cinema, pier, and jetty. With these fantastic features, it is easy to see why this property made it in our Dream Homes list.

The property is going at £ 6,750,000.

 

 

 

Savills Glasgow

5. Cilgeraint, Lon Pont Morgan (Savills)

The property is located outside Abersoch village, which is one of the best locations in North Wales. The home is set amongst the rough cliffs with private access to the beach below it. The property has panoramic views of the picturesque harbour and village. The main house is split across three floors, with it’s exceptionally modern exterior and interior matching with a coastal setting.

The property is going at £ 2,950,000.

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Best celebrity homes /best-celebrity-homes/ Wed, 21 Oct 2015 10:52:10 +0000 /?p=48 We all know them: the well-paid celebrities with their aspiring, fantastic homes! Well, now is your chance to get an overview as what concerns the best celebrity homes in the whole world! California is a very famous location, and most of these houses are enormous. Oh, on a side note, these houses are among some that are more expensive in the world.

 

 

 

Calabasas Beverley Hills

Will Smith, Calabasas California
Oh yeah! The great actor, Will Smith, has got one of the best celebrity homes (and certainly one of the largest, too). Looking more like a fortress or fortification than a home, it is so big that it ended up getting it’s zip code! Ranging from basketball courts and swimming pools to kitchens and living rooms, in a beige color nuance. No excuse for not being fit, Will Smith!

 

 

 

 

 Arnold Schwarzenegger

Arnold Schwarzenegger
The famous Terminator actor, now a politician, has earned lots of money in the films he has done. Moreover, that is quite a lot. Just as Will Smith, Arnold has built himself a true palace in California, Brentwood County. Surrounded by nature and trees, the house is 14,500 square feet! But that comes as a price, too, the house being one that are more expensive in the world. But house is a mild statement, considering the size. Red roofs and with a slight association towards Italian architecture, the house is certainly ranked among one of the best celebrity homes.

 

 

 

Jerry Seinfeld
This guy created a tv-show that became loved all over the globe. The outcome? A giant mansion in New Hamptons, New York. Jerry is a keen basketball lover, and just as Will Smith, he enabled a basketball court as well. With a big grass field and a swimming pool, too, this has to rank among one of the best celebrity homes! So the key to a big mansion: create a good tv-show that you are sure will be loved all over the world, and then wait for the dollars to tick in.

 

 

 

Aaron Spelling
Perhaps you know Charlie’s Angels, Starsky & Hutch, Dynasty, Charmed, Beverly Hills 90210 or Melrose Place. Or perhaps you’ve heard of them. All these were created by Aaron Spelling, a famous television producer. That ended up in much money, which in the end resulted in a 56,500 square-foot home. In fact the house, or more likely mansion, skating has four garages and an orchard. Tennis court and a bowling alleyIt also has a swimming pool. Rumors have it that a modern gym is located inside, too!. After all these television hits, it is no wonder he can live in such a great mansion.

 

 

 

Bill Gates
Last, but not least, is Bill Gates. The creator and founder of the Microsoft Corporation, and loved all over the world. Once called a geek, but he managed to transform all his crazy, nerdy ideas into this corporation. And see the result! A big mansion in Medina, Washington, consisting of 66,000 square feet! Well, that is four times as much as Arnold Schwarzenegger. Now, isn’t that cool? The house reaches 147.5 million dollars in value. That is a lot.

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Top 3 Dream properties in London /top-3-dream-properties-in-london/ Wed, 21 Oct 2015 10:50:55 +0000 /?p=50 Buying property, especially in such a beautiful and no doubt lucrative city as London, opens up great opportunities to eventually purchase your dream property. Another great angle to look at it from is that it will provide you with an opportunity to get to know the various, interesting areas of London. This article will enlighten you on the top three dream properties in London and the reasons why they are considered such a fantastic place to live and why they would ultimately become great investments.

 

 

 

 properties in London

St. John’s Wood, London NW8
Just by one gander at this splendid and almost mesmerizing townhome, it is just enough to realize the reason this would be considered a dream home. Elegance is no doubt visible from the exterior, so when you find out that it is within a stone’s throw of the world famous recording studio built by the one and only Beatles, the residence simply just can’t be beaten.

 

This particular property is under a current refurbishment, but you can pretty much guess that when it is finished, it will be undeniably worth the waiting period. It includes 4,000 plus square footage of immaculate living space, with six luxurious bedrooms and five elegant bedrooms. If you happen to have the extra money, this is a wondrous stucco-accented home that will provide you with countless years of great living.

 

 

 

 

Surrey

Cobham, Surrey
This is a property that boasts sophistication and grandeur, yet there is a simple quality about it which is a little hard to define. In Cobham, it is considered highly sought after, as it promises a perfect life in a setting that borders on the ultimate serenity. The property has a massive, high-class kitchen and an entertaining space that is verbatim the size of the kitchen.
The commuting is extremely simple when it comes to getting to London, but Cobham is just as wonderful as London, just in a different way because of how charming the area is, winning the approval of so many. This particular area also has some of the very best schools in which London has to offer, so if you happen to have a young family, this would be a great residence for you to live in.

 

 

 

 

Worthing

West Parade, Worthing
Located directly at the base of the seafront, this is a beautiful mansion that even though has the classic art-deco appeal to it, it is considered a modern development. This is a two-bedroom flat that splendidly has a balcony that wraps around, providing you spectacular views of sunsets that continually beckon the eyes attention.
The great Oscar Wilde wrote his famous novel, “The Importance of Being Earnest” while staying in Worthing, so you can only imagine the inspiration that will come forth when you live in the majestic area.

 
Fulfill Your Ultimate Dreams
As you can see, there are no shortages of dream properties in London and with such a vast amount of wondrous locations, there is always something for everybody. Just with a little searching around and a tad bit of inquiring, you will be able to find the property that will fulfill your ultimate dreams.

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Finance Saving Tips for First Time Home Buyers /finance-saving-tips-for-first-time-home-buyers/ Wed, 21 Oct 2015 10:49:38 +0000 /?p=52 Buying a home is a complex and intricate process that requires proper planning and strategizing, especially in California bay area. Even the experienced home buyers do agree that they find the process tedious and new every time they are in the real estate market. It is even more confusing if you are a new buyer. There is so much you have to consider and decisions to make that it is so easy for you to forget some of the most important things. However, having some home buying advice for the first time buyers can keep you from making mistakes that can be suicidal to your finances and your credit score. Here are some tips to work with

 

 

 budget
Have a very comprehensive budget 
As much as you want to get yourself a new home, the last thing you want is to tie yourself down in debts for the rest of your life. Which is why it is utterly important for you to make sure that you have a budget that not only includes the cost of house but also other fees included in the process that include;

· The solicitor’s fee.

· Survey costs.

· Removal costs.

· Insurance for the building.

· Stamp duty.

· Mortgage arrangement and valuation fees.

 

 

You might also want to have a budget for the renovations, furnishings and any decorations that you might want to add in included in the mortgage.
Plus tip; it is best to do your budgetary allocations before plunging into the market. Look at your credit score and see how much you can get then go out hunting with a figure in your mind.

 

 

House budget

Don’t bite off too much then you can chew
The greatest problem with buying a new home is to ensure that you do not spend more than you can afford. It is a problem because it is hard to pass on some of the options that you will see. However, it is critical to making sure that you stay within your limits and can afford the monthly repayments. There are strict checks that mortgage lenders have in place and among these is the stress test that assesses your ability to make the payments if the interests were to rise, or your circumstance changed. Failing to make payments can have devastating results for you and your credit score.

 
Get a loan pre-approval
It is always a great idea to have a letter of loan approval from your lender. Of course, this will mean that you share all your financial information with the lender including the source of your down payment, any pending debts, and work history. Having a preapproval letter lets sellers know that you are prepared to make a purchase, and you have a lender ready to fund you.
Plus tip: Another benefit of having your loan pre-approved is the fact that you know how much you can spend without going out of your financial restrictions that are quite important.

 

 

 

estate broker

Work with an agent or a real estate broker
Finding the right home for you can be a tedious and time-consuming task. This is more so the case if you are not aware of where you should be looking for the best prices and the houses that match your demands. A real estate agent even though at an extra cost is a great asset to have. They have a deep understanding of the market and know exactly where they should be looking for your kind of home. With a real estate agent or broker, there are better chances you will get better quotes, and the process will be much easier since they will do most of the heavy lifting for you.
Plus tip; when looking for a real estate agent, don’t jump on the first you get. It is important to research and get the right one. Your chances of having a positive first time home buying experience lie squarely on your ability to get a good agent.

 

 
Write down what your home must have and what you can pass on.
Once you start looking around, it is easy to get confused with all the different homes that have different features. To make it easier to you, write down the features that your home must have and also those that you are willing to do without. This allows you to prioritize the right home, not the one that seems to have the most attractiveness.

 

Given that this is your first time in the market, there are greater chances of making a mistake. The most serious however would have to be applying for more than you are worth. It is an imperative move for you first to evaluate your assets and liabilities before applying for a mortgage. This way you do not ask for more than you are worth and owe too much. Always remember that you need to save up for the down payment as your lender will require this before they can approve your mortgage.

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Tips for Successful Property Negotiation /tips-for-successful-property-negotiation/ Wed, 21 Oct 2015 10:49:03 +0000 /?p=55 In most cities around the world, property prices are skyrocketing as there is a high demand for residential and commercial units. Property stocks are declining at a fast rate, and the landscape is becoming even harder for many people, especially first-time buyers who fear they will never own their homes due to the escalating prices.
Negotiation is a tedious process but can be a win-win situation too. As a buyer, you certainly hope to get the best price and terms. The seller also expects to reap big from the deal and will certainly try to get you pay more for the property. It is, therefore, important that you strengthen your position in the buying process by adopting the skill of negotiation. Remember that there is a swam of investors loaded with cash and are also looking for good buying opportunities.
So, how can you successfully secure a piece of real estate quickly and fairly? Consider using these property negotiation tips.

 

 

 

Property Negotiation

Carry Out Thorough Research
You cannot just negotiate a price for a property whose market position you do not know. You need to check at least more than 50 properties to understand the market trend. Take note of similar properties that have sold in the recent months(about three months) as this will help you determine whether the property is worth the price or not. Some companies sell property data. Look them up and find statistical data and comparable sales on the property market in your region.

 
Dig up some information on the vendor’s motivation for selling the property. In most cases, a property is put up for sale due to financial difficulties, purchase of another property in a different locality, job transfer, divorce/separation, or selling after inheriting. This knowledge can help you negotiate the price to an agreeable level.

 

 

 

 

 

Positive Mindset

Have a Positive Mindset
Any successful buyer will tell you why it important to have a positive mindset during the negotiation process. You need to understand that this is a win-win situation, and the best bidder will go home with the prize. Don’t let your emotions betray you if you even when things are not going your way.

 
Don’t let Go of a Good Deal
If you see a property you love, make it easy for the seller to let go. First, offer a large cash deposit. Make it about 10% to 20% and offer a fast release on the deposit.

 
Don’t Play your Best Cards too Early
A successful property negotiator always tries to purchase below the market value. It is common for property to be sold below the asking price. You may also find out that the vendor has a discount offer. Pace yourself and start low. Outsmart the other interested parties by offering a quick settlement. For this to be effective, have all your finances ready before getting to the negotiating table.

 

 

The Don’ts in Property Negotiation
Going into a negotiation without proper research is probably the worst mistake you can ever make. Do not act disinterested or the seller will be tempted to dismiss you. Remember, not every deal is worth fighting for. Know when to walk away and keep looking.

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