You might think that buying a home is as easy as an apple pie, but in reality, there are lots of points and homework is needed to make it work. The buyer needs to overcome plenty of obstacles to fulfill their dream. During this whole ordeal, the buyers can face many problems and if they are not eradicated then many complications can develop.
General problems home buyers face
It is everyone’s desire to buy a house of their own one day. But during that journey, you can come across many problems and you have to face them with courage. Most of your problems can be solved if you consider Stop renting to own homes option but many people don’t know what it is.
Here are 12 problems that home buyers generally face.
Confirmation of the Licenses
It is important that you have confirmation of various land licenses because the wrong choice and approval of the land can get you into big trouble. If you have bought a house that has been constructed on agricultural land then the Australian law has the authority to pull it down. So have the appropriate approval and license of the house.
No Transparency in the deal
The deal that you make with the seller must be without any flaws. At many occasions, it has been noted that the builder or developer has promised you something and at the final deal has backed out from the agreement. You can have each and everything written in the form of a contract and signed by both parties.
Not knowing the different penalty clauses
When you make a deal of buying a house there is a clause in the contract; that the seller or builder has to pay a penalty if there is a delay in handing over the property to the buyer.Most of the people are unaware of it and the developers take advantage of it. You must know the terms and conditions of this clause.
Check Authenticity of the Builder
It has now become a trend that whatever business is popular in a specific time people start to do it. They don’t have the well-qualified staff or license that is needed which harms the reputation of their business as well as others. Always buy homes from businesses that have certification of an authentic company.
Not Checking Stop renting to own homes option
There are many other options of buying a house; you just have to know the right company to contact like Stop Renting Perth. These companies provide the best schemes and price of owning your own house.
No validation of the location
The location is the most important aspect of buying your house. This can also become a problem if a propersurvey of different areas is not done. In a city, there are many locations that are totally different from each other. So check various locations to validate which area is best for you.
Having Financial Difficulties
People are very hasty in buying a house not checking whether they have the right amount of money or not. At many different occasions, buyers have difficulty at the time of the purchase because the price can go up unexpectedly. You can also select the house which is under the budget you have preserved. Keep in mind this problem and plan accordingly.
The House Structure has Problems
Everything can go well as planned but only one common thing can ruin everything. The house structure must be strong and perfect so that the dwellers feel safe and protected. The issues that the house construction faces are leakage of pipes, any fault in the wiring, poor drainage, dampness in the basement and flaws in the foundation and roof.
The Transfer of Property is fair
If you are buying a house through a third party or bank and the house has been used by another family then it is important to check the transfer papers. The house must not be in another’s name other than the person who is selling the house. If the house is in someone else’ name then it can be a big problem in the transfer of the property to the buyer.
The Property is not bank approved
If you are applying for the loan through a bank for the house then it is crucial that the property you want to buy must be accepted by the bank. If the house is not approved then there can be many factors like the poor condition of the house or the title is not in the name of the seller.
Wrong hiring of a real estate agent
It becomes very difficult for the buyer to go to different properties and check each and every aspect. So hiring a real estate agent can be very beneficial. But there are many agents who are not honest and sincere towards their clients. Hiring these kinds of brokers can develop several problems.
Not having the required paperwork
For an ordinary procedure of buying a house you are in need of many documents. So for Stop renting to own homes option, you will be requiring a few extra paperwork. If you are not prepared with it then you can have difficulties.