Tag archive for ‘House’

What you Should Remember when Buying your First Home

by Admin - on Apr 4th 2018 - Comments Off on What you Should Remember when Buying your First Home

a man carrying a sofa as he moves into a new homeBuying a home is a huge responsibility, and for most first-time buyers, it can be pretty overwhelming. It is exciting, but you also have to remember that there are a few things that you have to keep in mind to make sure that your first home-buying experience will be a pleasant one.

Snyder Realty Team is here to discuss some tips on how you can become successful when buying your very own house.

Make a Strict List of your Needs and Wants

There is nothing better than knowing exactly what you want in a home. If you have a particular location in mind, then go ahead and put that down. If you need a vast space and you know exactly how many square feet you may need, then include that too. If you need specific amenities such as a swimming pool, a huge garage, and the likes, then let your realtor know.

This will make it easier for you and your realtor to filter the houses that you might want to look at.

Hire a Good Realtor

This will make a huge impact on your first home-buying experience. Since you are new to the scene, you would need an experienced realtor that can help you with every aspect of the process. You need someone who can guide you along the way – someone who is an expert at finding a great home for an exceptionally good price.

Interview your realtor, ask how long they have been in the industry, and ask for past clients that you call as references.

Stick to a Strict Budget

Compute your expenses and determine how much you can spend on buying a new home. When looking for a new home, you should always remember to stick to your budget and never go overboard. It is easy to be tempted to buy something that is out of your scope, especially if you find something that you think is worth splurging on.

However, you should always remember to never to let your emotions control you and think of what you need in a home to avoid going over budget.

Talking to your realtor and making them understand your needs is a must and is something you should put on the top of your list.

4 Tips to Negotiate a Lower Housing Loan Interest Rate

by Admin - on Mar 28th 2018 - Comments Off on 4 Tips to Negotiate a Lower Housing Loan Interest Rate

a family house on a pile of moneyWhen buying a house, getting the most favorable interest rate is the goal. After all, a 1% difference could mean thousands of savings per year, which adds up to hundreds of thousands of pesos when the loan matures. While average Filipino borrowers look for the lowest advertised interest, you might not realize that many rates might be open for negotiation.

Whether you’re speaking with a real estate agent or a bank representative, the other party can get generous if you play your cards right. For starters, follow these pieces of advice to prepare yourself for the negotiation:

Get Tips from Those Who Negotiated and Succeeded

Ask relatives or friends who already did it and snagged a lower interest rate. Of course, your chances of securing better interest depend on your unique situation, but it pays to learn strategies that have been proven to work.

Take the Initiative

Real Estate Hub or any Lancaster review would encourage you to bring it up during the conversation. Even if you’ve never haggled over the price of something in your life, the other party might be secretly waiting for you to start negotiating at some point. It’s perfectly normal, and there’s nothing wrong with it.

Be Ready to Compromise

Don’t ask for better interest if you lack the credentials to demand it. Make sure you have a strong and reasonable case to back up your request. In many cases, the other party might ask for something in return to grant your appeal, like decreasing the loan amount. Keep an open mind because you can’t have it both ways; you might have to lose some to get some.

Have Options B, C, and D

The interest rates in the country are market-driven, which is why lenders compete fiercely with one another to get as many customers as possible. Use this fact to gain some leverage in the negotiating table. Shop around and talk to different lenders to know their best offers. Then, ask them if they could beat the interest rates others are willing to give. If the other party wants your business bad enough, you might be given more room for negotiation.

Repaying a housing loan can be a 20- to 30-year commitment. Managing to bring your fixed interest rate down could suffice to keep a serious amount of money in your pocket for a long time.