The decision to buy a home is a financial leap, which requires one to be patient and disciplined. FNB offers five pointers to consider before starting the process of looking for your dream home:
1. Start by doing your research on prices of houses in the area that you want go for. This enables you to have a deeper understanding of what is required of you before purchasing your dream house.
2. Set up a budget that will enable you to save up enough money for a deposit, should the need come about. Having a deposit to put down on your dream home indicates that you can financially manage your responsibilities even after the bank grants you a home loan.
3. Don’t rush into purchasing the first house that you see. Giving yourself time to view more houses over a certain period will enable you to make an informed decision.
4. Once you have found your dream home, don’t be afraid to negotiate for a lower price. Opting to offer and negotiate the sale price will allow you to have extra money in your pocket to save for rainy days and any economic changes over which you have no control.
5. For convenient house-hunting, and further area research and reports, use the FNB Property Leader tool on Fnbpropertyleader.co.za.
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