Essential tips on buying property

Buying a real estate property in India is the biggest financial commitment of our lives. With inventory diminishing daily and multiple offers being extremely common, it is of great importance that you position yourself to have the “Best Chance” to get your offer accepted. You enhance your chance of buying the real estate property in India of your choice by doing the following.

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Get pre-approved for the purchase. This takes very little time and is of great value. At this time, identify the price range for which you qualify and which fits your lifestyle for fountain hills real estate. Submit a strong competitive offer. Submit the offer as if there will be multiple offers. Include substantial earnest money deposit. Acceptance of an offer is sometimes determined by the amount of the deposit. A larger amount may signify a bigger commitment to the seller.

When buying a real estate property it is a must that a buyer and agent must have instant communication access. Maintain instant access to each other via office phone, voice mail, fax, pager or cellular phone.

Whether you are buying property for investment or to live in extreme care should be exercised to ensure your purchasing experience is stress free and risk free. These few buying tips will make you aware of some of the pitfalls and ways to avoid them.

Think about why you are purchasing the property. If you intend to live in the property does it really suit your needs? If you have young children or elderly people living with you, you might wish to avoid stairs and prefer a level block. Do you intend to install a pool in the future? Is the garden too big or too small? Will you need more bedrooms in the future? Be sure to have reports for building inspection and pest inspection prior to committing to the purchase.

Deciding how much to offer can be difficult. You might wish to make your best offer up front or start with a lower offer and be prepared to negotiate up. However, purchasers who make higher offers might secure the property without giving you the opportunity to increase yours. If you wish to avoid someone else purchasing the property you have decided to buy, be prepared to exchange the contract with a cooling off period.

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