How to Own Your Home in 9 Steps

How to own your home in 9 steps

 

Owning a home or a property is a big step, but it’s not a complicated one. Basically there are 9 steps that take you from not being a non-homeowner to being a homeowner. These steps will break down your humongous task of finding and buying a property into small decisions that will slowly but steadily guide you in the right direction. Relax, real estate is no rocket science!

 

1. Think about what you want to buy

We all have our needs and wants when it comes to just about anything. You may want a pool but you need the home to be close to work. Setting priorities early on in the process will help you feel less confused when you visit many properties to shortlist. So next time when you have to decide between owning a pool or having you home close to work, you won’t have to think twice.

 

2. Fix your budget

Always fix the budget before you start viewing. It will automatically put the list of potential properties into perspective. The properties that you didn’t think you could afford suddenly fall into your budget, while some more expensive ones may fall out of the list. It’s ok, because at this point being real about your financial position will only help you find your perfect home.

 

3. Shortlisting Properties

Once you have gone through the above steps, it will be easy to shortlist a few properties, these could be estate houses or apartments like Solaris. These should be according to what you want from your home and how much you can spend. If they somehow manage to fit the bill, keep them on the list and arrange for the viewings.

 

4. Viewing the shortlisted property

To go and visit the few properties in person is an important step. You really get a feel of the place and you can even look at the various details. A potential leak or the fact that a place looked much bigger in the picture than what it is – these are a few discoveries you can make once you actually go there.

 

5. Make an offer

After you view the properties, you are most likely to make an offer on the one you like the most. There may or may not be a middle person involved, however, one thing is for sure they will need some sort of proof that you can finance it. Either a broker will do this for the seller, or you will have to supply documentation for it.

 

6. Get legal involved

Once the seller accepts the offer, that’s when it is advisable to get the experts involved if you already haven’t. They will help you with all the paperwork and make sure that all dealings are legitimate.

 

7. Getting a conveyancer to help you

The transfer of property is also known as conveyancing. There are people who are dedicated conveyancers who will raise queries on the contract, do a local search, conduct background checks and agree on a date for signing. This is necessary so that you do not find yourself conned by a fraud.

 

8. Mortgages

Mortgages or loans are vital to people who may not want to dig deep into their own pockets. The bank will have to be convinced that you are in a position to repay the loan and have a steady source of future income.

 

9. Signing the Contract

With the mortgage sorted and legal paperwork done, you can be ready to sign the deal on your dream property.

At Swami India Ghana Limited, we encourage our customers to go through these steps if they are looking to buy any of our properties, either Solaris Luxury Apartments at Ringway Estate or Paradise Estate at East Legon Hills. An informed customer means a satisfying transaction for both, them and us.

29 Mar 2018