When you think about real estate, you may feel that it is the biggest decision to make
in your life.
The first time any person puts money into real estate, whether it is an employee at a
small company or a successful businessman, it will be one of the biggest things in
his life.
The question is, is it worth it to make such an investment?
The answer, of course, is!
Real estate is one of the best investments you can make for yourself, it will be
profitable if you hold on for the long run. If you have any doubts about this, ask your
successful contacts who have personal experience with the real estate market and
can give you an idea about what real estate is like.
If we study successful people, we have found that they have invested a maximum
portion of their money in real estate.
Those who invest in real estate for the first time have the desire to take the property,
but since it is their first time, they are confused. This is a natural thing, however there
is no reason to be afraid or disappointed right away.
Today I am going to tell you a secret that will not only help to clarify the confusion
polluting people’s minds but will also help them to make the right decision for their
future.
This Secret Formula is “MBLRT” which will be extremely useful for first-time
property buyers.
This will help you to make a good real estate investment by simplifying one of the
most important decisions in your life.
I have over 12 years of experience in the real estate industry. Over the last 12 years
I have been fortunate to help more than 1700 people in obtaining their first home, as
a result, I realized that this is not a problem of one or the other, but of all people
purchasing property for the first time.
While helping these people, I became aware of the difficulties underlying their needs,
their interests, and choices and after studying all this, I am going to reveal the
MBLRT Secret Formula for you.
So, let’s see what this MBLRT Secret Formula is!
1. Mindset
A lot of times when we find our first property, we wonder, but you must realize that
food, clothes, and shelter are the basic needs of the entire world. By that definition, it
is everyone’s dream to have proper food, and proper clothing, and to have own roof
over head.
Therefore, there is always a demand for these three things, no matter where you are
in the world. So your mindset to take a your first property should be positive & should
have ready to take one step ahead for your future planning.
2. Budget
When you invest in real estate for the first time, it is important that you have clarity
about your budget range. Generally, the budget is divided into two parts, one is your
contribution, and the other is your eligibility for a home loan.
i. Own contribution
ii. Home Loan
Your credit score is equally important for a home loan.
3. Location
The entire world is an open ground for real estate investment but when you are
going to take your first property it’s important to understand whether that property is
for your use or pure investment purposes.
If you’re looking for your use, it's usually important to see where your business or
your job is located.
Apart from that, ask yourself, “are you going to stay there going forward?”,
And if you are looking for pure investment,
Then, it is important to see if the area is developed or developing. Because if it is
already a developed area, then you may get fewer returns from the investment and
you may pay the premium price for that property.
You need to decide three locations of your priority while deciding to buy a property. It
will help you to efficiently compare property wisely and help you to make a final
decision for the best property at the best value.
4. Timely market research
Timely market research is also particularly important. Because most of the time you
get four to five properties in the same location, but their rate is completely different.
Some builders deliberately charge premium rates. At the same time, some builders
also offer discounted rates when they are in need.
So the latest Updated Market research is particularly important before taking any
decision on property.
So, if anyone can not be able to do continuous market research or they don’t get the
proper source to do market research then they can take a support of good advisor or
real estate expert in that market.
5. Right supportive people/expert in real estate sector
When we are taking the first property, we must admit that we are not experts in the
field. Therefore, it is important that you choose the right expert with you while taking
the first property.
The right expert can help you to save time and money.
But choosing the right expert is equally as difficult, as getting the wrong advice from
the wrong people who are not real experts in real estate, it can even cost you more
than you imagine.
If you don’t decide at the perfect time, then you may get the same property at a
higher rate later. To avoid that, I am going to give you some tips which will help you
to choose the right expert while buying your first property.
1. The expert should have valuable experience in the real estate sector.
2. The expert should be impartial.
3. The expert should have a good brand in his market.
4. The expert should have up-to-date market research
5. The expert should be bound to provide quality service as there may be
some problems at the actual time when you are doing property transactions.
