Posts Tagged ‘price’
This is the last phase, the critical, where you will reach a mortgage agreement. Consider the importance of this because it is likely to mean years and years of association with that entity, which probably household payroll or receipts, expenditures will have their cards, and so on. and where it will probably ask other loans (for a car, for study, to improve housing, furniture, credit fast).
We assume two things:
• Know what you want.
• Has sufficient offers on the table to consider that any of them are good, and nothing left on the market better.
However, before deciding, and to reach an agreement, you must have a strategy, and is as follows.
1. Select the three best deals
With all the data already available, is able to make a comparison table, which contains data on all bids.
Make a simulation taking into account the amount of money going to apply, with the notary fees, land registration, documented legal, administrative, fee, interest during the first period, following by reference to the interests of today etc.. and calculate the total price to be paid by each of the tenders.
From there select the three best offers. Which you believe best meet the requirements you want.
Maybe some of them are not necessarily be the best economically, but still acceptable because it values like service, prestige, etc, etc.
2. The “penultimate” negotiations: to improve and learn
Are you in the most important moment in the negotiation phase, since it is almost ready to decide.
But before all this it is necessary to close many ways, because what may be a very good offer, ultimately, can be very bad.
Example: suppose you have an unbeatable offer with conditions, and if it were only for her, signed automatically. Now, suppose that bank / box requires a series of requirements that are absolutely incompatible with point of view you. For example, imagine that you require, along with the mortgage:
• A home insurance with very poor coverage.
• Life insurance that does not need
• A pension plan that does not want
• Two credit cards not accepted
• An Endorsement of which no.
What seemed like a candidate, ultimately, is rejected by factors other than the mortgage.
Think that is going to “marry” with the bank, which will use it daily, you will need household bills, ask for another type of credit, etc. Therefore, you need a bank / box that suits beyond the mortgage.
If you think you are good all or almost all the issues that will raise, it’s time to “squeeze” some more.
That is, if the mortgage origination fee is 1%, it is time to demand to stay on 0.5%. Or if gestoría costs are $ 200, it’s time to demand that it be 150. Do not try to “bargain” all conditions, but “some” to see if he can thrive.
Do not give the SI yet, leave it to the next meeting.
3. The DECISION
It is on the table the three best offers, and already know of all banks / boxes their conditions, their ways, than they would for other types of services.
Well, decide the best, taking into account all factors.
In many cases, need not be the best deal on the mortgage, but if one of the best, and besides, that bank does not require a pension plan or life insurance gives free cards, etc.
A few days ago we came to know some tips to help persecuted when selling our home, among them the take into consideration some improvements carried out, and care and have available all documentation that, if we were needed (drawings of the address, description of it as both the farm where it meets the surface expression of useful instructions for use or fire safety measures).
However, now we are going to echo a really interesting topic that has to do with the profits of property valuation, and which concerns us when we are the buyer of a home. Typically, use that at a general level is given to an apartment when the housing is acquired, either temporarily or permanently, and to buy it we must consider a fundamental question our own economic availability. But in carrying out this acquisition, it is essential to know with some very clear criteria to use it later for mule.
A high performance floor is quantified at the rate of time is thought to enjoy the same, regardless of whether they want to use as single dwelling itself or as a second home for the holidays. The value of a real estate clearly depends on the individual criteria of the owner (an issue that is purely subjective) and would have a direct relationship with the utility that gives you or what, for example, has been spent to maintain it.
But we must not forget that the price of housing is a concrete fact that can not fit in subjective opinions, and in which work and expert assessment appraiser is essential, because otherwise it would be very difficult real estate transaction, it does not escape us that the buyer wants to buy at a good price and the seller to sell your property (if you will excuse the redundancy) getting the highest return possible. In these cases, it is imperative to go to an assessor properly accredited. However, when pricing will discuss different types: book value, real, mortgage, insurance, legal, investment and expropriation.
- Valued valuation effects of transfer taxes, succession or gift, the Heritage Tax, or in the field, for example, forced expropriation.
- Mortgage Value: For purposes of obtaining a mortgage.
- Insurance Value: For purposes of the insurers.
- Legal value for the purposes of maximum values of sales or revenues.
- Cadastral value for the purposes of the Property Tax, for example.
- Investment value: a cost-effectiveness, feasibility.
- Book value for the purposes of taxation, estates, etc..
This is a difficult time to sell your house, when the economy tightens, the time to sell a property is expanded. If before it was sold in less than a month without any floor problems can now be reached by more than a year if we do not apply proper technique and we adjust our price to what the market requires.
Sell the house
Therefore, the main base to sell our home is knowing the market. First meet our “competition” if we understand well to those trying to sell an apartment in the vicinity of our house. We investigate the area and how much is being asked by the nearby apartments, and how much it appreciates the additional benefits offered by our district. Therefore, the best, always, is to go to an appraiser, we fall well what is the value of our house.
Having made an average asking prices of our neighbors, and have studied the pricing that we have done, for us to study the price in terms of what it cost, plus annual CPI from the moment you buy it, plus the value of the improvements that we make, plus the added value of any improvements made in the neighborhood since we’re there.
And if the first thing to consider is price, the latter should always be the presentation. Obviously, once we have received the attention of potential customers with the price, the following is engage them with the presence of housing, and it is already known that the first impression that can have the client will be vital to our house which then decides to buy or not. That is why we care issues such as cleaning or care of the property. For them, we paint the front and interior walls, repair any damage that are in view, take out the trash, take care that the doors do not squeak, or cleaning windows, among other things.
And to make a good impression is the first step to sell our house. The next, of course, have the papers prepared for the time of making the sale.