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Avoid these Mistakes when Buying a Property
As you embark on your property investment journey, it's crucial to avoid common pitfalls that could lead to costly regrets. By thoroughly researching your financial commitments and leveraging the expertise of reputable agents, you'll be better equipped to make informed decisions that safeguard both your investment and emotional well-being.
Should I rent or own a Property?
Deciding whether to rent or own a property involves weighing several factors, including financial stability, lifestyle preferences, and long-term goals. Renting offers flexibility, allowing you to easily relocate for career opportunities or personal reasons without the burdens of maintenance and property taxes.
What is an Offer to Purchase – For a Property
An Offer to Purchase, termed an OTP, is essentially the agreement that is signed by an interested buyer and the seller of a property, and contains all the conditions of the sale of property between the buyer and the seller. It is also called an Agreement of Sale.
What factors could potentially delay the sale of your property?
Several factors could potentially delay the sale of your property, including market conditions such as a downturn in real estate prices or a surplus of listings, which can lead to increased competition.
Getting a Pre-Approval often enables a smooth Property Purchase
A step, often overlooked when purchasing a property, is obtaining pre-approval for your bond.
WHAT IS PROPERTY PRICE APPRECIATION?
House price appreciation is often termed house price inflation and is essentially the rate at which a property increases in value.