10 simple steps to buying a home in Ngei
Buying a home in Ngei has never been so easy.Mansiondeal provides consumers with data of homes for sale in Ngei from trusted real estate agents and owners.Mansiondeal provides home buyers, sellers and home value seekers with up-to-date real estate information, tools, and home listings across Kenya.
1. Do your research
Do a thorough research of all the neighborhoods you would love to live in and compare prices of homes to find the perfect neighborhood for you and your family. There are so many factors to consider before choosing a specific neighborhood for example security, information on available schools, hospitals, clinics, shopping malls, supermarkets, restaurants, convenience stores etc.
2. Know your priorities
It's very easy to find a home if you know exactly what you are looking for. After doing your thorough research, have in mind the following things:
Location : in this case Ngei
Bedrooms : Know the exact number of bedrooms you need
Bathrooms : Know the number of bathrooms you require
Home type :You should understand the different types of homes and decide the type that suites whether its an apartment, townhouse, bungalow, mansion, condo e.t.c
Size : Set your ideal square footage
Land : Know the size of the land/plot you require
Condition of the house : Are you willing to renovate the house or do you prefer a newly constructed house.
3. Set your budget
How much money can you afford to spend on your new home? Whether you are taking a mortgage or financing the sale yourself, its very important to set a limit of the maximum amount you can spend on your new home.If your bank(lender) is financing the purchase, they will tell you how much money you qualify for depending on your credit score .Important things to know before setting your budget:
Principal: The total amount of money borrowed to buy your house.
Interest: The total amount of money charged by your bank(lender) for you to borrow money.
Insurance: The total amount of money you need to pay to protect your home against damages.
Taxes: Your lawyer should advice you if there are any property taxes you need to pay to the government.
Other costs: There are other costs like home renovations, garbage collection fee, estate fees etc.
Be wise and do not spend more than you can afford.
4. Get preapproved for a loan
Mortgage preapproval is the process of determining how much money you can borrow to buy your home. Your bank(lender) does a thorough investigation of your finances that includes the verification of your income, assets and credit rating to determine what loans you could be approved for, how much you can borrow and what your interest rate might be.
5. Shop for your home
Now that you already know where you want to live (Ngei) and your exact budget, start your home search on mansiondeal. There are many trusted agents on mansiondeal that can help you with the search so that you can find the right home. Make sure you pay attention to little details like windows, doors and also ensure that you evaluate the nieghborhood.
when touring the homes, make sure you pay attention to details and take photos and and a few notes so that you can compare.
Important things to check at an open house:
Is the neighborhood friendly.
Plumbing and electrical issues
Visible damages on the walls or ceiling caused by poor plumbing
Chimney and furnished surfaces
Are bedrooms spacious enough
Natural lighting in the house
Floor and issues with the foundation like slanted floors and cracked walls.
Write down any reapairs you are willing to pay for.
6. Make an offer
When you find your perfect home make a smart offer considering the factors that determine the value of homes in different neighborhoods. The less interest there is in a neighborhood and the longer the house has beeen sitting on the market, the more power you will have to negotiate.
7. Get a home inspection
Most of the time, purchase offers are contigent on ahome inspection where professionals check for signs of structural damage and give you detailed report on everything that needs fixing.
If repairs are needed you can make a request to the seller to complete them before closing.If inspection contigency is applicable in that specific home, the cost of repairs is deducted from the purchase price.
8. Home valuation.
The bank(lender) will arrange for a valuation to provide an independent estimate of the value of the house you are buying. The valuation is done by a third party company and will let all the parties involved know that you are paying a fair price for the home.
9. Complete the paperwork
There is alot of paperwork involved in buying a house but your lawyer will guide you.The documents provided like the property title also helps you ensure that the seller is the rightful owner of the house you are buying.
10. Close the sale.
Before closing, check and ensure everything is in order. If the seller agreed to make repairs, ensure that the seller has completed them. You will sign the paperwork required to complete the purchase and the property title will be pass from the seller to you. Once the payment is done, you are ready to move to your new home!
In conclusion, buying a house is not as complicated as people make it sound.Our website helps you understand the housing market by showing you the value of homes in Ngei and gives you a chance to compare prices of different homes for sale in Ngei to find your dream home.Follow the above steps and if you need any help just talk to us.Email:firstname.lastname@example.org