First Time Buyer ..........................beware.

As I see it..........



Don't let the doom and gloom being spread by our media about the housing market, get you down. Instead if you can, take advantage of the fair housing prices and move forward with a real estate purchase, could in the long term add strength to your financial capabilities.

So if you're ready to buy and wondering whether you can qualify for housing loan, the following steps are recommended :-

1) Put a 20% or 30% down payment for your home or don't purchase it. Even you can get a higher housing loan, don't risk it. Buy within your means (most important of all, buy what you really can afford).

2) Check what you are worths. How much mortgage can you get from a financial institution.

3) Clean up your credit records (example you have arrears in your installment like car loan, or credit cards payment).

4) Be prepared to get at least two years income tax returns up front and have them ready, in order to make the loan process go smoothly.

5) Never buy a car before you purchase a home (even you can afford to pay the installment). Having extra cash help to show you are qualified to purchase at the price you intend to buy.

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Next stage

1) You need to have access to all New Listings ( Like Metro Homes Property Email Alert) click to enter

2) Educate yourself with knowledge.There are many things you need to take into consideration, that as a buyer you need to be quick and smart about your choices. It's easy to make the wrong choice, unless you have the right information and guidance to help you. ( Register as VIP Buyer ).

3) Get yourself an agent ( Negotiator ) who specialize in the location, Area that you are looking at.

4) 8 Buyer Traps, how to avoid it. View here



Until my next post.

Eugene view

or Email me direct at :- eugeneoon@metrohomes.com.my