The Importance of Careful Planning in Buying a House! By: Stephanie Kennedy

Real estate developers usually conduct trips for potential house buyers to give them an actual view of the house models they have seen on handouts, billboards, and the companyâs website. Vehicles are being provided for clients who do not have a car or are not familiar with the site. The real estate broker leads the customer in the tour of the site while providing useful information about the house through the model units especially made for viewing. 


After the tour, the customer will normally have more questions in mind. This is partly due to the fact that some house buyers are not acquainted with the home buying process. Some are not even keen on buying a house and just want to see what is new for future consideration.


Buying a house follows a process and the process must be known to people who are serious about purchasing their own house. It involves a thorough exam ination of the buyerâs capacity to pay, the type of property to be selected, and the terms of payment. If one of these considerations is not met or cleared, the transaction might not push through. The buyer must go through the procedure step by step without skipping any detail to ensure that possible problems would not come out at the end of the deal. 


The first consideration will be the buyerâs capacity to pay. Ideally, the buyer must have a steady work for the last two years. If he or she is not employed, a steady source of income like a business is the next best option. If the property is to be paid through a loan, the buyer must have an impressive personal credit rating to pass any credit evaluation. 


After qualifying for the housing loan package, the buyer must also have a significant amount of savings that will take care of the down payment and closing costs. A buyer may want the kind of house he or she has seen but if the income is not enough to cover the mortgage, a lower priced house must be chosen. Because of this, a buyer must take the initiative to be pre-qualified for a loan to avoid disappointment if the preferred house price exceeds the approved loan.


After concerns about financing of the property has been resolved, its time to focus on the property itself. The buyer must research about the developer by knowing its profile, the completed projects, and must also ask homeowners of in the projects. The quality of the houses must be scrutinized as well as the efficiency of services. 


The propertyâs location must be far from industrial areas and must not be located along fault lines and danger prone areas. Buying a house is a one time experience for some and should be undertaken with careful planning. Once a house is selected and the decision to buy it has been made, there is no turning back. Unlike other products, a house can not be returned and the buyer will have to live with his decision and live in the house he or she has paid for with a lifeâs savings.