10 WAYS TO FIND THE AFFORDABLE HOUSE WHEN ECONOMY IS SLOW

PART 2

6. MAINTAIN FINANCIAL PORTFOLIO

You already have 15% of the transaction value of the house and has aspire to place the booking? Ops, whoa!

Please contact your bank officer or Real Estate Negotiator (REN) in advance to ensure that you do not have a problem with a bank or at least try to minimize your problems with them.

Feared that the money was available, but miss the chance to own a home of choice due to the failure of housing finance.

7. MAKE FRIEND WITH 4 PEOPLE

Banker, Valuer, Real Estate Agent (REA) and Real Estate Negotiator (REN), check the list of contact colleagues and if so, invite them for a casual drink.

Note: Some of them are bound by a code of ethics, so they usually will only share privately with close friends, make sure you're one of them.

8. IDENTIFY DESPERATE SELLER

You will only be able to identify this group after point No 5.

In preparation, bring along your checkbook to demonstrate his seriousness. Before that, make sure you have at least 15% of the transaction value.

Trust me, once you have these opportunity both, go hard and bargain more. Hence, there is no wrong in asking.

9. DO NOT DARE TO START THE FIRST STEP? DO IT YOURSELF!

Technology and access to information now allows everything, thanks to the internet.

Go to a site like iProperty, PropertyGuru, Mudah.my, www.npr.my, infohartanah.net and others to find out the frequency of transactions and offer the latest in the area.

Indirectly, you will get new contacts such as REN which makes the area as they Farming Area.

10. DO WINDOW SHOPPING IN SOME BANK RATE

Believe me, even the difference in monthly payments between Bank M and Bank C only RM 50, it will bring a big impact on your financial portfolio if not managed properly.

RM 50 x 12 months equals RM 600

RM 600 x 30?

RM 18,000, yes, 5 points.

Go to the bank and ask about their financing package, and get an accurate count for the difference in interest calculations and other incentives such as Free Moving Cost if any.

Unit property such as houses and land is an asset, not a liability. Unlike vehicles, the housing market will continue to increase every day.

So if you own 15% of the home value for the initial purchase, do not delay to start the search and hunt you out now.

Do not cry at a later date if the unit you desire today increased by 20% its price two years before.

Editor's Note: 10 ways to get affordable housing has been shared by Aiman Harith, a real estate negotiator in Value Properties Realty. Aiman is also a student at the Institute of Valuation (INSPEN). Hopefully these tips can help you who are looking for opportunities to buy a home at a price lower than the market price.