1) A buyer’s first step
The first step any buyer should take before they even start looking at properties is to talk to at least two mortgage bankers. A mortgage banker will be able to advise you on the loan quantum (amount of money you can borrow) that you are eligible for. You will also be able to find out the various loan packages available and the loan application process.
It is very important to know how much loan you will qualify for as this will help you narrow down the type of properties (at least in terms of price) you should be looking at. It is strongly recommended that you get an “approval in principle” from at least one bank. This will prevent surprises – finding out that you cannot get a loan from the bank only after you have put down the option money for a property.
Jack works closely with qualified mortgage bankers from both the local and foreign banks in Singapore. If you would like Jack to put you in touch with one (or a few for comparisons), just let Jack know.
2) Do not wait
If you see something that you like, do not wait to make an offer. Time and again buyers have been left disappointed when they find out that their dream property has just been sold because they were slightly late in making the offer. If you love the property, that IS the one. There is nothing to think about. Do not wait for someone else to live in YOUR home.
3) House condition can be changed
Everything that you see in the house can possibly be changed. Do not let the pink wall turn you off your dream home. Look beyond the aesthetics and consider carefully if the layout of the house works for you. The layout is something that cannot be changed.