How to buy a house

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A Simple Slide Giving a guide of how to buy a house.

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How to buy a house

  1. 1. How to buy a HOUSE ?
  2. 2. IMPORTANCE OF STEPS TO BUY AHOUSENearly 80% of people buy houses by taking amortgage, and 50% of them are not equipped withsteps to buying a house is good.There is a very important thing related to the steps tobuying a house, which is about the mortgage.All things related to mortgages, because of lack ofknowledge about this could end up losing their homes due toforeclosure.
  3. 3. Step 1Consider the Benefits & FinancialImplications of Owning a House. The advantages and disadvantages of buying a house The financial implications of buying a house
  4. 4. Step 2 Calculate The Deposit & buying power How much deposit do I need?  How can I obtain the deposit needed? Determine Your Buying Power - What can I afford to buy: apartment/terrace/detached house?
  5. 5. Step 3 Establish your Goals and Needs  What type of property do I want? What features do I want? What is my preferred location?
  6. 6. Step 4 Arrange for Provisional Finance Sources of finance Cost of finance Type of loans -Prepare a down payment to be steps to buying a house next, as a record average asking banks about 20% of their estimated price
  7. 7. Step 5 Find the right home.Through Real Estate Agents- Handles the sale of properties in 3 sectors:residential, commercial and industrialThrough newspaper classifiedsOther ways of locating the right house
  8. 8. Step 6Analyses the House LocationGeneral location Specific locationThe physical aspects of the actual houseFinancial analysis
  9. 9. Step 7 Find a good lawyer. Make sure you at least talk to them on the phone and ask them how much they charge Ask as many questions as you can, but you probably away won’t get more than 5-10 minutes.
  10. 10. Step 8 Purchase the Property Pre-contract stage Contract stage Post-contract stage
  11. 11. Resources:http://secondhome-mortgage.com/steps-to-buying-a-househttp://www.sentinelproperties.com.my/index_a.php More Information please go to: http://www.sentinelproperties.com.my/index_a.php

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