tips on buying real estate: things to consider before signing that contract

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Read and learn what are the Tips on Buying Real Estate and the Things to Consider Before Signing that Contract. For more details, check out: http://www.phuketpremiumrealestate.com Here is Phuket Premium Real Estate Tel. No.; +66 (0)98.270.1753

TRANSCRIPT

Page 1: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

TIPS ON BUYING

REAL ESTATE:

THINGS TO CONSIDER BEFORE

SIGNING THAT CONTRACT

Tips for Things to Consider Before Signing that Contract

Page 2: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

Everybody wants to purchase real estate. It is probably one of the long term goals of individuals who are saving up. This is a very huge investment to get so it is important that before you sign up for it, that you have considered some things.

Real Estate

Page 3: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

Get Extensive Research

Get extensive research of the area that the property you will be purchasing is in.

This is very important because the probability of you getting a high return on your investment is if it situated in an area which will most likely grow in terms of economic value.

The more number of banks the more promising an area is since banks really invest in places whom they know will develop. This is as though you made the banks do some of the research for you.

Page 4: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

A Property Paid

A property paid in full cash really sounds as the most hassle-free but the money that you placed immediately in it could have grown bigger in terms of yield if you invest it in other avenues such as mutual funds, uitf or directly in the stock market.

Look into the developer of the property. Developers come in all types but the ones who can provide great service are rather few. Do not make a mistake to invest in developers who are only good at the start but will be a nightmare to transact with as the years go by.

Page 5: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

Service-Minded Instead of Commission-Minded

*Service-minded instead of commission-minded. There are a great number of trusted Realtors in the industry so be sure to find one.

*Do not always be a 'yes man' just because the person you are talking to is so enthusiastic. Pose every question in your mind.

*Do not leave yourself hanging with an unanswered question. You may think that you are bothering the Realtor but if they are the one who are really there to serve you, they would be even happier to do so.

Page 6: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

Emergency Rises

Do not put all your eggs in one basket. It is a cliché but it is necessary to apply this. Most people spend everything they have in real estate without leaving an emergency fund for themselves or even getting themselves insured.

If an emergency rises, it is very difficult to liquidate your investment in real estate so it is crucial that you have money which is readily available to withdraw and an insurance policy so that if something happens to you, you will not leave your family with a mountain of debt.

Page 7: Tips on Buying Real Estate: Things to Consider Before Signing that Contract

Hard-Earned Money

Many people have lost so much because they did not fully prepare themselves before investing in Real Estate.

These are just some of the tips, there are many more out there. Always keep yourself informed to prevent your hard-earned money from going down the drain.