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Buying

IntroBooks #182

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Copyright 2016 Can Akdeniz

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Do you want to buy a house? Has it the necessary money in the bank? If you are like most people, probably not. Banks and other financial institutions are often sought in search of loans for the purchase of home ownership. If these institutions were not around to anticipate money from home, the certain rents market would appreciate.

This book explains how the credit funds make the purchase of a house possible for many people. We will know the types of loans available, all the fees and find out what the real costs of a loan.

The news about the economy in general in the country has not been the most enjoyable in recent months, raising interest rates, rising unemployment, trade stagnation, stagnation of various industries, etc. And in the real estate market did not like the news are very different, besides the increase in interest rates is more difficult to access credit, the property of the percentage allowed for funding was also reduced to a few cases, all this has led to a drop in property sales throughout the country and stagnant prices coming up.

It seems that the situation is not perfect for those who intended to buy a property by now, right? Correct and wrong, the general economic situation of the country hinders a little the lives of Brazilians and consequently the realization of the dream of home ownership, but on the other hand, with the current difficulty faced to sell the new and semi-new property, who plan can get a great deal without complicated. In this post, we will help you plan to buy property in 2016.

To begin, we better check how is the scenario of the real estate market today, as are varying prices, financing, interest, in short, a complete approach to the current real estate scenario to understand better what is happening.

Let's start talking about financial planning by touching a point that actually has to do with the behavior adopted by the buyer. It is very common for people to leave in search of the property, devote many, many hours, visits and more visits to find a property that will please you and only then try to fit it in the budget. It is wrong and very dangerous.

The danger occurs because after visiting the property of your dreams, and find that it is beyond their ability to pay, you will start to seek all possible means to get fit it in the budget. And it is doing so that you can compromise their economies more than it should, or enter into a financing with long-term or too with higher interest rates, which can lead to larger portions that may end up committing yourself financially shortly .

So when you start looking for your property, it is important first to evaluate their financial condition, how much money is available, as it could jeopardize the income to financing, etc. And then, only after this information is that you should go out looking for a property that fits your conditions.

If you intend to buy your first property soon, look out for some tips to do a great business without risk

The purchase of the first property is certainly the most difficult task in our financial life. Since childhood, we have heard that paying rent is throwing money away and that we have among our objectives to home ownership, thus escaping the rent.

But before thinking about purchasing a property, you must have a certain and money invested family to escape long funding. If you are sure that it is time to buy the house or the apartment ideal for your needs, here are a few tips for getting a good deal.

Let's start talking about financial planning by touching a point that actually has to do with the behavior adopted by the buyer. It is very common for people to leave in search of the property, devote many, many hours, visits and more visits to find a property that will please you and only then try to fit it in the budget. It is wrong and very dangerous.

The danger occurs because after visiting the property of your dreams, and find that it is beyond their ability to pay, you will start to seek all possible means to get fit it in the budget. And it is doing so that you can compromise their economies more than it should, or enter into a financing with long-term or too with higher interest rates, which can lead to larger portions that may end up committing yourself financially shortly.

So when you start looking for your property, it is important first to evaluate their financial condition, how much money is available, as it could jeopardize the income to financing, etc. And then, only after this information is that you should go out looking for a property that fits your conditions.

Suppose a job loss situation, where staff often fails to accept a good career opportunity in another state or city due to having to rent/buy another property in addition to selling yours. Thus, another question may involve the head is: What if the property that I rent is much simpler than the one in which he lived, is that I will be ready, or willing, to lower my standard of living and quality of life?

Buy financed property.

Generally, people believe they are doing a great deal, but we financially analyze this endeavor. First, take into account all that has been described to purchase the view above, that because the fund still many other things must be taken into account, for example, the interest rate and the price of rent. Is it more expensive to pay rent, which often ranges from 0.4% to 0.8% of the property price or taking a loan paying interest (rent money) 1% + TR value of assumed financing, committing If at 10, 15, 20, or 30 years?

It is often better to rent the property for 1, 2, 3 or more years, then, is preserved mobility in the event of unemployment, increasing income or the family itself. Always try to live near your job, or you may be wasting precious time with offset and paying a high price for it. Only worth buying financed property when property prices are low, such as in 2003 to

2006. Now, after the mega appreciation recently occurred, we advise you not to do it, especially if on impulse, driven by emotion rather than reason.

A simple decision to buy or rent a property can cause a person to financial ruin if made without a thorough analysis and well planned. Always consult a financial planner and do the math. You may be surprised at the possibility of having the money to own a home ownership can achieve your dream, in less time than it would take and pay a mortgage. We can never fail to remember that at the time of inflation before the Real Plan, it did not make sense because the currency is not preserved its value, and create a real chaos in the financial planning of families and economic growth. So having "Financial Education" can be an excellent tool for informed choices and intelligent of those who want to have their home or apartment.

Survey of resources

Well, now it's time to look at your pocket and evaluate your financial situation! Make a survey of the resources you have available to buy your new property. See all the savings you have, and see how much of this value can be used in the purchase. The first step of any purchase - whether real or not - is to determine your budget.

If you know how much you pay for your home, it will be easier to find the right property for you, and will not waste time visiting and looking for properties that are out of your price range.

So it is important to talk to your manager and know what value you have at your disposal if you need a mortgage.