10 WAYS TO FIND THE AFFORDABLE HOUSE WHEN ECONOMY IS SLOW

PART 1 

What is the primary meaning 'affordable', particularly during the current economic downturn? The present for any urban residents who earn less than RM3,000 been categorized as Urban Poor.

Without wanting to prejudice long regarding the definition that you can find in the dictionary of the Board, or more practically, Mr Google, affordable means is the monthly payment option of a unit that does not exceed 1/3 of the net salary.

Tell your net salary of RM3,000, the monthly payment of the home must not exceed RM1,000 per month.

1. PRIORITY SUB-SALE

There are 3 types of houses that are in the market that is New Units, sub-sale and auction.

For a new start dreaming of having the first house, it will good if  you choose sub-sale due to the number of options available to suit your ability.

Sub-sale or called home very simply applied in practice requires that you provide at least 15% of the unit price of which is to:

3.18% at time of booking fee, 6.82% before / during the signing of the Sale and Purchase Agreement (SNP) and 5% thereafter for the cost of other costs such as the Sale and Purchase Agreement, the Loan Agreement, Stamp Duty, Insurance, Appraisers and so on.

But if this is the time to purchase 2, 3 and times for quite some time for you, there is nothing wrong if you start up the courage to participate in the first auction.

2. TAKE ADVANTAGE FROM DEVELOPERS OFFER

Starting today, give your full attention on each sheet pamphlets on a housing project. Besides the special discount of 7% for natives, usually the developer also offers a number of other offers such as zero downpayment and so on.

Why pay more if you can get it free?

3. FIND A HOME SITUATED IN THE SUBURBS

Start your search for your dream home in suburban / away from the city significantly less expense.

Terrace 2 of the House at TTDI cost about RM800,000 as compared to in Semenyih, about RM500,000 only.

4. JOIN THE SESSION AUCTION

You will be asked to pay a deposit of 10% of the reserve price for the auction of a unit involved options before joining the session, Google for more details on the nearest auction session.

You are advised not to be emotional during the bidding process and check the market price of the unit prior to register as a bidder in the auction session.

5. BUY HOUSES WITH CASH

Did you know that, in recent years is the Buyers Market, where buyers have more choices and chances to bargain.

Buy and pay high deposit, 20% - 30% to bargain more!

(TO BE CONTINUED..)