The Ghana Passport Application Process, 2020 (A Step-by-Step Guide)
- 28 October, 2020
- Tips and Advice
A passport is a basic right that every citizen is entitled to. Any Ghanaian citizen can go through the passport…
Buying a home will undoubtedly be one of the biggest purchases you will ever make. The last thing you want is to end up with buyer’s remorse.
There are a few simple steps that we find our customers often forget, like the importance of getting an expert opinion or having pre-approval for a mortgage. Keep these in mind and the house-hunting process will be significantly less stressful.
meqasa’s 10 commandments for homebuyers are:
1. Know the market. Do your research and know what else is out there. Never rush into a purchase without being fully informed – and never buy the first home you inspect.
2. Save, save and save some more. Make sure you have a financial buffer in case circumstances change or you get hit with unexpected fees. Plus the higher your deposit, the lower your repayments.
3. Borrow within your means. Stick to your budget. Never agree to spend more than 30 percent of your monthly income on housing costs.
4. Get pre-approved for a loan. This will help you speed up the purchasing process while staying within your financial limits. Go into the negotiations with your finances sorted – and more bargaining power.
5. Buy with the future in mind. Make sure the area has everything you need for your future needs. Are there good schools, hospitals and shops nearby?
6. Remember: everything is negotiable. First-time buyers often do not realise that everything in the contract – not just the price and closing date – is up for negotiation.
7. Know what you’re looking for. Make sure you are well prepared for the inspection: take photos, jot down notes and make a shortlist of your favourite properties.
8. Pay extra for an expert opinion. In the long run, a property and pest inspection can save you both time and money, while hiring a lawyer can streamline the entire process.
9. Avoid doing anything that could affect your credit. Hold off on changing jobs, switching bank accounts or making any other large purchases until the property is in your name.
10. Read everything before you sign. Even with a lawyer and real estate agent to guide you, make sure you’ve read all documents thoroughly. Don’t be afraid to ask questions or challenge a point if you do not agree.