Buying Property For First Time - Tips And Tricks To Follow

Tips & Tricks For First-Time Property Buyers In Bangalore

Buying your dream home can be nerve racking especially when you are a first-time property buyer. The intricacies of the property market put off the home buyers from taking that plunge, but the banks look favorably upon first-time home buyers. Get a foothold on the property ladder now because the prices of houses are growing with leaps and bounds.

But before you jump onto to that time consuming and stressful situation to finalize your luxury residency at an enclave like Brigade Parkside East from Brigade Groups. We have some crucial pointers to make your journey to home ownership a less bumpy ride.

Points To Be Checked Before Buying A Property

Work Out Your Affordability And Credit Rating:

Home ownership brings in multiple expenses and responsibilities apart from just paying a bond. Therefore, analyse your incomes and expenses carefully and work out exactly how much amount you can afford to invest in acquiring your dream home. Bear in mind, when assessing your home loan application, the very first thing any bank will do is checking your creditworthiness. Brigade Parkside East is an affordable priced residential property where you can invest. It is better to check your credit rating before getting started, so as to avoid nasty or surprising situations.

Start Saving And Explore Mortgage Options:

Putting 20% as down payment is common but now many lenders permit much less amount. For first time home buyers putting as little as 3% would also do. But, putting less down payment might mean higher cost and paying more for private mortgage insurances. Sometimes even that lesser down payment can be a little cumbersome. Set aside your tax refunds and bonuses from work as your saving for down payments. If you struggle to come up with the down payment, there are a lot of mortgage options, check them out.

Consider Mortgage Rate And Get Pre-Approval Letter:

Getting the rate quote from one lender leaves the money on the table. Get at least 3 quotes and compare their fees and rates. This will also save you more on the loan. Ask if any lender allow you to buy discount points. It is smart to get a pre-approval for a mortgage as you get closer to buying your home. After thorough examination of your finances the lender confirms in writing how much he is willing to lend you and under what terms.

Choose the right agent, right house in the right neighborhood:

It is important that you hire an agent that is motivated, skilled, and knowledgeable about that area. And of course, easy to get along with as you will be working closely with your agent. While choosing the house be cautious, practical and pragmatic. Inspect the property carefully. It should suit your needs and should have the amenities important to you. Check for water problems, wiring problems, cracks and holes etc. Be clear whether you want an apartment, a house or a unit in a secured estate. Also, the space of the house should suffice. Brigade Parkside East in Sarjapur Road, Bangalore is located in a primary location.The neighborhood and the locality that definitely helps you land up to a decision. Be sure to look at crime statistics and local safety, research for nearby education and medical institutions, grocery stores and other amenities. Also check for the drive through on various days at different times. Compare the price of other properties in that area. Speak to the residents to gather valuable insight into the pros and cons of the location. Make sure to be thorough because at the end you only have to acquaint yourself with the condition.

Get Your Documents In Order And Shop Your Best Deal:

When you are all set to make a deal apply for a bond with more than one bank and be sure to get the best opportunity for an approval at a favorable interest rate. Making an offer on a home and applying for a bond is a daunting task and involves a lot of paperwork. To start with the process, you will need the following documents.

Get all your ducks in a row while making the decision of your dream space. The decision of buying a home should not be a milestone on your neck for years to come. To navigate well through the process to save money and avoid mistakes, follow this insightful tips to buy a residential property like Brigade Parkside East in Bangalore.

Call us @ 91 8123982020 or log on to http://brigadeparksideeast.grihhpravesh.com/

Brigade Parkside East in Sarjapur Road, Bangalore by Brigade Groups from u/realestateinindia

Hurry Up!!!!!!! Only 282 units are left!!!! So, pick up the phone and book your space now.

To know more about Brigade Parkside East:
https://brigadeparksideeast.blogspot.com/2018/10/mistakes-that-need-to-be-redefined-before-investing-for-brigade-parkside-east-sarjapur-road.html

http://brigadeparksideeast.blogspot.com/2018/09/brigade-parkside-east-in-sarjapur-road-bangalore-prices-review.html