When it's not their concern, people like to give advice.
Everyone suddenly becomes an expert in the matter and they
give the suggestions to the friends like it is to the best of their interests.
Sometimes, the guidance work but most of the times, it backfires. Every living
being on this planet and beyond is entitled to have opinions but that does not
mean these opinions are to be followed. While buying a house, the buyer is in
the most vulnerable situation. He saves money all his life and spends sleepless
nights to buy his own roof. At this point of time, he is open to some
counselling and can easily be misguided.
When he realises the fact, it becomes too late. Either he
has bought the 'not-so-perfect' houses or lost his 'house of dreams' to someone
else. Some people learn the lesson the hard way while some gather the right
wisdom and proceed. Read this article to know what kind of advice needs to be
avoided while buying the own house.
1. "The prices are going to go down soon, buy
later"
If this is not the right time to buy a house, there would
never be. Many people are under the impression that the real estate prices are
fluctuating and hence, waiting for the golden opportunity is wise. The truth is
poles apart. It is not possible to know what the future may be carrying but the
right thing to do at the moment is to proceed if the financials are in the
order. Buying a house is both an emotional and financial decision. If one is
clear on both the parts, he should buy his house without hoping for the prices
to go down.
2. "Real estate agents or home inspectors are the
extravagances"
When one person is ready to sell and another is ready to
buy, who needs a broker? The advice-givers think by removing the broker from
the equation, one can save the money to be given as fees. They think that
buying a house is an easy task and the buyer can handle the negotiations
without a broker. The same goes for the home inspector. They think that while
the person is buying the house, he should be the one inspecting it too.
Now the truth is; both the brokers and the home inspectors
are the experts and they know their jobs well. Hiring them can never be a bad
decision. A broker can tell the real situation of the real estate market and
set the expectations of the buyer right. He can help in the right bidding and
be an integral part of the negotiations to get the house on the buyer's terms.
A home inspector can reveal the truths about the bones of the house. It can be
used to negotiate the price or to move on if the house is beyond saving.
3. "Offer the least, have a space for the
negotiations"
This advice is not only wrong, it is demeaning to the seller
too. Offering the shells to the seller to buy the house is not a justifiable and
honourable thing to do. Negotiations are going to happen, the seller wants to
sell for the maximum profits and the buyer would want the house for the least
amount possible. That does not mean the initial offer has to be so less that it
appears an insult to the seller. It is better to get the real insights about
the niche and the market prices of the house. The seller knows what the house
is worth and it is better to offer him an appropriate price for the house in
the first place.
4. "Buy it if it's cheap. Renovate later"
Every house needs a renovation according to the taste of the
buyer but buying a house with this intention is not right. When after buying
the house bank balance decreases, many buyers do not go ahead with the
renovations and try to adjust in the house. Never buy an average house thinking
of remodelling it afterwards. Nowadays many builders are providing full
furnished houses with all the modern amenities. These houses sell fast because
the buyer does not have to make modifications after buying. Do not leave
anything to 'later'; buy what seems right now.
5. "Get your hands on the cheapest house"
Cheap is not necessarily the best choice. Buying a house is
once in a lifetime affair for many people and being over-possessed with money,
this time, is a big mistake. One should buy the house which is comfortable and
safe at the same time. It should be a place which the owner can be proud of.
The good houses are never available on the cheap prices unless there is a story
behind. Buy a house which is affordable and not cheap.
Many people actually believe the advice and act upon them.
Some people even think these are the facts of the real estate industry but now
they know better. Buy your happy place listening to your heart and mind and not
other people (unless they are actually the experts).
Ownaroof.com is an online statistics core which helps you at
every step of purchasing flats in Jaipur. We understand that buying a home is a
huge investment that anyone ever does which makes it incredibly important for
us to provide you with the right guidance. Ownaroof.com provide detailed
information related to infrastructure and their facilities whether you want a
villa or 1 BHK, 2 BHK or 3 BHK Flats in Jaipur. For more information, visit
http://www.ownaroof.com.
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