Wednesday, 27 July 2016

Basic Things On What To Know About Buying An Apartment - Sponsored Post

Becoming a homeowner is a huge step for any modern adult. After years of renting or living with your parents you’re finally ready to buy your own place. But where do you start? How to make sure you won’t be disappointed with your choice years later? And, most importantly, how to avoid losing your money in a fraud? Find answers to these questions in this guide to buying your first apartment.

Study the Market 

It’s quite usual for buyers to discover an apartment and fall in love with it when they’re only beginning their search. However, you can’t know if the price is fair and if the offer is actually good enough, especially if you haven’t seen enough real estate ads. Before you make any kind of decision, make sure to research the property market, so that by the time you’re ready to make a move, you know everything about real estate.

Save Up 

Unless you’ve won in a lottery or inherited a large sum of money, there is almost no chance that you will buy your first apartment with cash, which means you’ll likely need to take a mortgage. There are a lot of things to consider about the mortgage, but one of the most important ones is the down payment. Normally, the down payment should be at least 20%. It will give both you and the lender an extra layer of security, and this is why you need to save up to cover your down payment.

Don't Skip the Viewing 

Out of all elements of finding your perfect apartment, the viewing is among the most important ones. During the viewing you need to inspect the state of the property, including the conveniences and communications. You also need to pay attention to your closest neighbors to find out who you may be living next to. In such a way, you can explore the neighborhood and note if there is anything that bothers you about the area. It’s a good idea to take someone with you to the viewing, so that together you could see more.

Assemble Your Team 

Even if you’re starting your apartment hunt on your own, it’s very important to have someone on your team for maximum comfort and security. The seller of the apartment you like is already working with a real estate agent, but the agent’s job is to protect the interests of his customer, and not yours. That is why you need to bring your own real estate agent who will negotiate on your behalf. You can also hire a lawyer, who will supervise the whole process and tell you whenever something is wrong from the legal point of view.

Know Where to Look 

Any apartment hunt starts with a long and tiring search. However, there is a way to make your search process more efficient - just look for your new apartment on Jiji. Here you’ll find thousands of ads posted by genuine sellers from every part of Nigeria, so you’re guaranteed to find the apartment that fits your budget and tastes. 

Note click here to find your dream apartment today!
  1. I love jiji mostly their phones.


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