The process of buying a new condo in pj or a house for sale in pj, be it a house or an apartment, can be very captivating and at the same time very tiring and full of frustrations. If you are in the situation where you are looking to buy a house in Malaysia, and you do not know how to make the best and most informed choice, then this list of tips will help you feel more prepared and calm.
The first thing to keep in mind when you decide to spend hours looking after homes is to decide how you will pay for it. Few of us can afford to buy a house with the money down. Luckily for us, we can take a loan from the bank to allow us to move and start a new chapter in our lives.
It is important that before we start looking for a house with a floor and 3 bathrooms, to go to the bank for an analysis and to be told how much money you fall and what are the steps that you must follow them in order to apply for a financial loan. I must also take into account the fact that you will have to pay an advance, which in most cases is 5% or 10% of the property valuation. This advance will be paid from your money and is not included in the loan you can get from the bank.
Each bank has different criteria that you must meet to obtain a loan
It is good to talk to friends or family members who have gone through this process in the last year, or to talk directly to the real estate agency you want to work with.
Another good piece of advice to follow would be to get an “Agreement in principle” from the bank, where the amount you can get by credit is confirmed. This agreement will allow you to take both real estate agents and sellers more seriously.
In addition to the costs mentioned above, when you buy a house in the UK you also have to consider the legal fees of a sale-purchase contract, the real estate agency fee and the costs of finishing the property.
What you need and what you want from a home
Once you have an idea of the amount you can afford to invest in a home, it’s time to make a list of what you need and want from your new home.
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