With residential real estate property prices falling marginally, many potential buyers are showing active interest in investing in the real estate market. To get a realistic picture of the market and whether the intention to buy a property is a good move or not, you must consult a seasoned and experienced real estate agent! Hiring a real estate agent is the best decision you will be making.
Nevertheless, before making any decision, you must evaluate some key factors.
Why do you want to buy the property?
If you plan to make the property your future residence, check the various dimensions and the overall layout. It should be spacious enough to accommodate your family and complete with all the facilities and amenities.
But if you plan to buy and resell the house in the future, don’t buy something that commands a high price. Instead, look for properties that are small and not expensive. Small and medium houses are always in demand, and you will always find a reasonable price.
Determine the price of the property.
As the prices are falling, you must look for whether the property you want to buy is affordable. It depends on your budget, and if you believe the property has everything you are looking for, it makes sense to close the deal. Ask your real estate agent for valuable tips or information if you need clarification.
Only buy a house if it is affordable.
Finally, it comes down to the point where it becomes necessary to check if the property you buy is affordable. If you have the money and can arrange the required funds, in case you fall short, the best thing would be to buy the house. You might even face some issues in completing the documents and other legal formalities; everything is fine. Your real agent is going to take care of all the paperwork.
Be realistic to tone down your expectations.
You have been planning to buy your dream home for a long time. So, you need to make it a point to join hands with a real estate agent to find something worth it. Don’t make the mistake of buying anything fancy if you’re not ready. In the meantime, bid your time, and look for better alternatives. This is perhaps the best time to invest in the real estate market. Even then, toning down your expectations will help you find a suitable home that fits your needs and profile.
Currently, real estate may have become a buyer’s market. If you have any uncertainty while trying to buy a home in Oakland, CA, the ideal solution would be to connect with Hans Struzyna, a top-rated real estate agent. He is going to find an offer that will surpass all your expectations. With him around, you will find answers to most of your questions.