Tip #1: Absolutely do not rush or be hasty.

This is the rule of emotional defiance. You need to train yourself to think that if you can’t buy this house, there are still better ones waiting for you. You shouldn’t buy a beautiful house at all costs, this will make you easily fall into the trap and buy the wrong one. In case you are hesitant about the house you are looking at, put the purchase on hold, find more new houses and compare them carefully.

Tip #2: Limit buying when the market is hot

This is the rule of timing. According to many real estate investment experts, the land fever period is a "bad time" to conduct a townhouse transaction. The reason is that the land fever will strongly affect the psychology of the seller, causing them to increase prices indiscriminately, without reason, without basis and creating unimaginable prices on the market. On the contrary, the land fever will cause buyers to fall into a confused situation, afraid of missing out on the opportunity, so they try to buy at all costs. Most of the townhouse purchases that cost billions of dong took place during the land fever period. Therefore, avoiding buying at this time will minimize many risks.

When the market is in a land "fever", you should consider carefully before deciding to buy a house.

Tip #3: Pay Attention to How Long the House Has Been on the Market

You should consult with agents and brokers to know if the house you are about to buy has been on the market, and whether the time it takes to sell is longer than the average time it takes to sell a similar house?

According to Terra Spino - a real estate expert from California (USA), the important thing to avoid buying a bad deal is to understand the average price of the real estate you are interested in. However, usually, houses with high selling prices will be on the market longer than houses with low prices.

Tip #4: Beautiful house but located in a bad area

In general, a beautiful house will depreciate over time, but land values ​​increase over time. Simply put, houses depreciate, but land does not. Because of this, a new, beautiful house in a bad area will be worth less in a few years than an old house in a good area.

Therefore, before buying a house, you should make a detailed assessment of the characteristics of the area where the house you intend to buy is located. Specifically, you should consider development opportunities, such as new businesses, complexes, etc. In addition, you should consider other factors such as whether the house is close to good schools, popular means of transportation, amenities such as parks, public spaces, etc.

A beautiful house in a beautiful location will increase in value over time.

Tip #5: Don't rely too much on home valuation tools

Compared to online home valuation tools, you should listen to more opinions from experienced brokers who understand the area you intend to buy a house. Because they can give a more accurate price than online tools. According to real estate expert Lavengood, real estate is a very specific market, what is good in one area may not necessarily be good in another, so property valuation on the web is not always accurate.

Tip #6: Consider Potential Problems in the Home

Once an offer is accepted, a home inspection will give you additional clues about the market value. It is important to hire an experienced professional to come along with you to give you valuable advice, and if the issues they find are outside their expertise and require attention, they will recommend an appropriate professional to look at the problem.

Be aware of potential problems. Everything can be fixed, it is just a matter of cost and who will pay for it. You need to make sure you do not end up in a situation where you cannot afford to make repairs that will affect your ability to buy a home.

Thế An (TH)