Ready, Willing... But are you able?
September 12th, 2011
So you're in the market for a home to purchase; your homework as you've prescribed is done. What you want to spend? Check! The area you would like to live in? Check! How large your home and land should be? Check! Now you have scanned various websites of Licensed BREA (Bahamas Real Estate Association) agents and have made contact with them confirming the homes you would like to see... you viewed your options, found the home of your dreams and now proceed to the bank to ask 'Can I afford this home?'
You were doing well in making a wise investments, you were ''ready and willing'' to accept the selling terms of the home you chose to purchase. Except you were not ''able'' to do so. This is devastating not only to a buyer, but also a seller who now has to relist the home on the market. Chances are, they will not be so 'willing' themselves when new terms are negotiated.
Remember, before buying a home or vacant land, it is important to know what's in your wallet. Makes sense right? You would not go to the grocery store without knowing how you would pay for your items. Worst of all, if your financial institution advises that your approval is lower than you would actually like it to be; or the terms are not favorable, you are left to have your Licensed BREA Agent at Bahamas Realty search out a more inexpensive option. This option will probably not compare to the first. This is why it is important. Remember, as a buyer about to purchase a home or vacant land, you must be Ready, Willing & Able, this way with the help of your Agent, you can put a remote control on your investment, making it quite a simple process.
Posted by: 
Brian Austin
