Buying and selling real estate today becomes easier if buyers find reputable and experienced real estate brokers. However, instead of going through a real estate broker, you can also find a satisfactory house at a good price, suitable for your budget.

Below are some ways that can help you find satisfactory houses at a bargain price.

The first way to buy a house at a bargain price: Research the area where you want to buy a house.

When planning to buy a house, first determine the area you want to buy and search the Internet, your available sources, then contact the seller to see the house and consider making a decision.

Get the facts to help you make the right decisions.

Observing the house can wait until you have the owner or broker come to see it. Before that, you should go and find out other information related to the house from the surrounding people such as infrastructure, security, surrounding utilities, etc.

- Finding out the current situation around the house in advance has an extremely important effect on the problem:

- Finding out the actual information determines whether you continue the buying and selling process or not and prepare different plans.

You will have some initiative if the house you intend to buy has some problems. You can negotiate a new, lower price that suits you. Of course, if the problem is too big, you should give up the transaction and find another house.

When finding out from the people, if you are lucky, you can completely find a good house at a price that suits you because the owner does not know much about the process of posting a house for sale or asking a broker to sell his house. Dealing directly with the landlord allows you to keep a commission for the broker.

Rever recommends that you should not only observe yourself but also seek out middle-aged or retired people to get the best information. Remember one thing, always be careful with the smallest information.

Second Way to Buy a House for a Great Price: Buy an Old House

Old houses, of course, will have a cheaper price than the market price. Normally, a new house can be sold for 10% to 30% higher than an old or renovated house with the same area. New houses have high prices because they require less maintenance, but they are built with new, good quality materials, new products of the era, so the cost is "increased" and thereby increases the price of the house.

Buying an old house also brings many benefits

There are also some reasons why you should buy an old house such as:

- Old houses are better built. It is difficult to say which is better, an old house or a new house, but when looking at the age and current condition of the house, can you guess whether the house is well built or not?

- Old houses are often located in stable places such as neighborhoods that have been established for a long time and the government has not decided to change its current status. However, this has two sides, if you invest and want to sell at a good price, buying an old house and then waiting for a new government policy is quite risky.

- Old houses are often located on large plots of land because they were built a long time ago, when the land fund was large and the policy was open from the State.

When buying an old house, you should also find out some information in advance such as the history of the house, feng shui, surrounding neighbors and some "small" information: around your future house.

Third Way to Buy a House for a Great Price: Look in Neighborhoods, Suburbs

In developed areas such as inner cities or central areas, real estate prices will be high when the price of a house in the suburbs can be equal to the price of 1m of land in the city center. Therefore, it would be better if you move to neighboring areas near the center and buy yourself a satisfactory house.

Lovera Vista project in Binh Chanh currently has a very attractive selling price.

In the suburbs, there is still a large land fund, new residential areas have been formed and there has not been adequate development, so the price of houses in these areas is not calculated according to the standards of the center. However, when choosing to buy a house in these areas, you need to pay attention to issues such as security, utilities and your current job.

Currently, Ho Chi Minh City real estate is tending to move to the suburbs such as District 9, Binh Chanh, District 12, Cu Chi, ... with a series of large projects of famous investors such as Lovera Vista of Khang Dien (Binh Chanh), VinCity Grand Park of Vingroup (District 9), ... and many other projects.

Fourth Way to Buy a Great Home: Watch Out for Foreclosures or Mortgages

Foreclosures are assets that the bank owns when the borrower fails to pay the mortgage. After the house is foreclosed, the bank will renovate it and resell it for a profit.

There are two big advantages to buying a foreclosure:

- First, the price is lower than the market price. After buying it back, you can renovate it to sell it for a profit or make it your own home to live in.

- Second, the best price, this price is given by the bank so that you can quickly recover the money you spent before. In some areas with high house prices, you can completely own this house at an affordable price.

Be careful when buying a mortgaged home even though the profitability is quite high.

However, finding a foreclosed home is not easy these days and the unforeseen disadvantages of buying a foreclosed home make this type of transaction a "gamble" for the following reasons:

- The previous owner knew the house was mortgaged and was unable to pay, leading to no repairs or maintenance, leading to many problems for the house.

- The time it takes to foreclose on the house before handing it over to you is often prolonged.

- Foreclosed homes are often sold as is (ASIS), meaning you buy them as you see them, and some angry homeowners who have had their house foreclosed will damage the house before the bank takes control or come to bother you later.

Fifth Way to Buy a House for a Great Price: The House Has Been on the Market for a Long Time

Typically, the longer a home is on the market, the more likely a seller will accept a lower price than the original asking price.

However, you should not rejoice too soon and should ask yourself why the home has not sold for such a long time. Find out in advance and do not make unnecessary mistakes.

There are several reasons why a home has been on the market for a long time but has not sold, such as:

- Offering a price that is too high for the market.

- Posting a property for sale at a time when the real estate market is in trouble and unstable.

- Missing or inaccurate information.

- The house is too old to justify the asking price.

Get the facts right so you can make the right decisions.

The real estate supply is high right now so you can look for other homes so you don't waste time on cheap but unstable and problematic homes.