Precautions for not failing in real estate sales

Precautions for not failing in real estate sales

There are some points to keep in mind in order not to fail in buying and selling real estate.

Here, we will explain what you should be careful about in what kind of scene.

Points to note when choosing a real estate agent

The points to note when choosing a real estate agency were explained in the chapter “Flow of real estate sales [Real estate sale consultation and assessment / company selection]”, but let’s also pay attention to the following points.

Get assessed by multiple real estate agents

When choosing a real estate agent, be sure to get valuations from multiple real estate agents.

In that case, please be sure to get it in writing, not verbally.

Then, it is important to determine not only the assessed price but also the basis for assessing the price, the content of the advertising activity, and the knowledge and skills of the person in charge from each assessment report.

Choose a real estate agent you can trust

“Choosing a reliable real estate agent” from each assessment result is the key to the success of a real estate sale.

The main points of choosing a reliable real estate agent are “Can you explain the valuation basis in a logical and easy-to-understand manner with detailed local information?” “Can you think about buying and selling real estate from the customer’s point of view?” “Respond quickly, Will you listen to this story well? “, So please refer to it.

Precautions when selling

Know the market price yourself

Before asking a real estate agent to make an assessment, check the real estate market price on real estate portal sites such as Suma Value and Rains Market Information.

That way, you can verify the validity of the assessed price submitted by the real estate agent.

In the unlikely event that the market price you surveyed and the assessed price deviate significantly, ask the real estate agent for the reason and rationale.

Check the amount of mortgage loan balance

Of course, you can sell your real estate even if you have a mortgage, but be sure to check with your financial institution for the latest mortgage loan balance.

In the unlikely event that the remaining bond amount is larger than the contract price, you may need your own funds.

Precautions when making a real estate sales contract

When you conclude a real estate sales contract, the real estate agency will create a real estate sales contract.

The purpose of creating a real estate sales contract is to prevent contractual troubles. Be sure to read it in advance to understand the contract details.

Once you conclude a real estate sales contract, you cannot easily cancel the sales contract.

If you have any questions, be sure to check with the real estate agent.

Precautions when handing over real estate

Once the real estate sales contract is concluded, the real estate will be delivered after a certain period of time.

Delivery of real estate means that the buyer pays the balance and at the same time, the seller registers the transfer of ownership to the buyer and delivers the property.

If the property has a mortgage, the property cannot be delivered to the buyer unless the mortgage is fully repaid and the mortgage is canceled by paying the balance.

Therefore, if you have a mortgage on your real estate, consult with your financial institution in advance and be sure to prepare for mortgage cancellation.

Precautions when buying another real estate at the same time as selling the real estate

Be careful when buying new real estate at the same time as selling real estate, such as relocating your home.

This is because of the risk of double mortgages, which can lead to poor cash flow. A double loan is a mortgage payment for a new home in addition to the current mortgage payment.

To avoid this, we recommend that you make sure you sell your current property before you buy a new one.

To avoid this, we recommend that you make sure you sell your current property before you buy a new one.

Please refer to the following page for details on points to note when selling a real estate and purchasing another real estate at the same time.

Precautions when selling real estate and buying another real estate at the same time

Precautions when purchasing real estate

Check the living environment and management system

When purchasing real estate, it is necessary to confirm the living environment and management system (in the case of condominiums) around the property in advance.

This is because the deterioration of the surrounding environment and management conditions will reduce the value of real estate.

A preview of the property, such as whether the surrounding area is safe, whether crimes have occurred in the surrounding area, what kind of people are in the neighborhood, whether there are any problems in the neighborhood, whether parking lots, bicycle parking lots, and garbage storage areas are organized. Check it often and check with the real estate agent if you have any questions.

Can I sell my mortgage even if it remains? Is it okay to buy real estate with loan balance?

Can I sell real estate with a mortgage left?

The bottom line is that you can sell your property even if you have a mortgage left.

When you buy real estate with a mortgage, the financial institution mortgages the real estate.

A mortgage is the “right to forcibly collect funds” by auctioning the real estate by the creditor financial institution when the owner of the real estate “cannot repay the mortgage”.

Summary

For the average person, selling or buying real estate is not something that you will experience many times in your life.

However, in order to sell or purchase real estate without failure, it is necessary to acquire basic knowledge in advance regarding procedures and methods for selling and purchasing, various costs and laws and regulations.

 

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