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Buyer Mistake To Be Avoided While Moving Up Singapore Real Estate Property

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Buyer Mistakes to be Avoided while Moving Up

Are you buying a larger home and want to sell the older one? In that case, you need to know certain very important things in order to avoid any unpleasant future blow. Committing a single mistake can cost you a big amount. If you know beforehand some of the mistakes that the buyers tend to commit, then you can be alert right from the beginning. One of the greatest considerations while buying and selling home is time. It is very important that your home gets sold and at the same time you get a bigger home for yourself within your budget. Who would want to take the financial burden of two homes? Hence, you should always take decisions very judiciously while moving to a larger home.

Buying a new home is one of the biggest decisions that you are going to undertake. So it is very important that you should stay away from any kind of mistake that can hit you later in a big way. You always need to be aware of the various related problems that can crop up and at the same time know the solutions to them.

Some of the common mistakes that a buyer sometimes commit are as follows:

- They find their dream home only to later discover that it is either highly priced or already a sold one. So it is important to check whether the agent you are working with provides you the service by which you can get a choice of a number of good homes within your affordability.

- It is of a great advantage if you can get a pre-approved mortgage as that helps you bigly when you place an offer on the new home. Besides, you know about your affordability on your new home. A pre-approved mortgage also adds up to the value of your offer in the eyes of the seller.

- The best thing is to always sell the current home and then buy a new home. As then only you can discard the below market-value offer from a buyer. You can easily negotiate when you already have a home.

- See whether you can use the special program that guarantees you to sell first and then take up the new one.

- It is better to get done with all the repair works before your home is on sale offer. This will help you to include all the expenses that you have spent after renovation.

- The chances of miscommunication sweeps in when too many people gets involved in the two transactions, one being selling the older one and the other being buying a new one. Therefore, a buyer should always work in strong cooperation with the real estate agent.

It was just a small help from us to make you conversant with the problems that might arise due to a small mistake from the buyer’s side. To know in details, kindly visit our office anytime. You can also get in touch with us through phone and e-mail. To avoid any kind of mistakes in the future, we are the right people whom you can contact to get the best of suggestions and advices.

 

 

Buying Enquiry, Selling Enquiry, Renting Enquiry, Investing Enquiry

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

(+65) 91002985

mindy@mindyyong.com


 

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