Reasons You Need A Real Estate Agent

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

Whether you are trying to buy a new home in Mauritius or selling the one you have had for some time now, there are many good reasons why you need to hire the services of a real estate agent. You want to be sure that at the end of the day, the work is done efficiently and quickly and that every one who is involved is satisfied at when the transaction is finally done. Real estate agents Mauritius work either as a seller's or a buyer's or even listing agents all depending on what you need as a client. Even though that single agent will list property for sale while working with property buyers, they will play a totally different role for every single client.

A buyer's real estate agent: If you intend to achieve your dream of buying a home, nothing will expedite your search than dealing with a real estate agent. Your agent will actually work at your behest protecting your interest throughout the transaction; they will always ensure that you get the best deal for the mortgage you have taken. There is no doubt that the realtor has a perfect knowledge of their neighborhood and they also have a great deal of insider information. When you also consider the fact that he has a network of professionals that may assist in the entire transaction; this includes inspectors, title companies and mortgage lenders among others, then you can be sure that you are in safe hands.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

The realtor will also help with all the paperwork you need to present to the seller and will also be available to negotiate a deal with seller until you are completely satisfied. Even after you have accepted an offer, they will be available to lead you through the closing process and if you were not yet prequalified, they will also be available to assist you in obtaining a mortgage.

A seller's real estate agent: Perhaps you want to sell your existing home; your first course of action is to locate a listing agent that will professionally help you in evaluating the market so that you price the property accordingly. They may also go as far as making important suggestions regarding any interior and exterior improvements you may have to make in order to increase the house's curb appeal. The agent will then list your house in numerous Mauritius listing services so that word about your house spreads out to the world. Just like the buyer's realtor, the seller's agent has also god lots of insider information and familiarity with the neighborhood, all of which they will use to your benefit.

The real estate agent will use his expertise and knowledge of your house to sell all its positive aspects and as much as possible downplay any shortcomings. Apart from ceaselessly trying to show off your home, he will also be in constant communication with you so that as soon as there is an offer they will give professional advice on whether the deal is good or not. When you finally have a good offer, it is his business to negotiate with the buyer to your advantage and as much as possible, you should be able to trust his recommendations.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: December 9, 2017 — 3:42 pm
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