If you are planning to buy a house, it is vital to sign a real estate contract. Most of the time, your real estate agent is going to offer several tips in making this life changing decision a success. It isn't advisable to purchase a house if you don't plan to make use of it for a long time. Because most likely, you'll end up in losing your money if you decided to sell the house as the cost of transaction to buy and sell the house grows by the day. This is compounded as well by the fact that the price of house you have bought might fall before you even made a decision to sell it.
In the next paragraphs, I have provided some tips that can probably help you a sound decision throughout this process.
Tip number 1. Buying a house from guam realty normally involves mortgages - therefore, you're advised to store up credit. Make sure that your credit score is good. Collect reports for your credit before you even start on hunting for a house and see to it that the facts are correct. If you have issues, fix them up before applying for a mortgage.
Tip number 2. Look for homes that you can afford - check whether your current debts, income and expense make a particular residence affordable. Apart from that, the agents making your real estate contract to calculate whether you could afford it or not. Learn how to invest in real estate with these steps in http://www.ehow.com/how_2075576_invest-real-estate.html.
Tip number 3. Buy a house that has good schools - even if you don't have children in school, this is still a move. This comes handy when you opt to sell that house. The reason, districts that have good schools are so attractive to prospect buyers of houses and this simply boosts the value of that land and house.
Tip number 4. Take great caution and do some research - this is true especially when you found a house that's affordable for your budget and satisfied your needs and wants. It is important as well to take caution before bidding on it. Consider the sales of same houses in that particular neighborhood. Then after, see to it that your bid is around 5% lower than other people's bids.
Tip number 5. Hire guam home personal inspector - last but not the least, hire a professional who has experience in the area in order to determine how much it will take you to repair the house.