Buying or Selling a Home/confusion

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Expert: - 12/21/2009


Question
hi,i am veenu residing in a rented house with my hubby,twins 9 months old and parents-in-law at delhi,india. our first confusion is that whether we should look for a house at ground floor or second floor with roof in builder floors . parents in law are ok with their health but they want to live at ground floor for future health apprehensions but that make our pockets tight for other expenses and investments for us and kids...they just say not impose that and we have checked that 2nd floor is hardly few stairs away,,actually we are living at 5th floor in our society and somethimes when the lift doesn't work it  really take our nerves out...suggest

Answer
Hello Veenu;
I suggest that you not overextend yourself in expenses.  Do what you can afford to do and find a good compromise on the floors.  If the second floor is  less money and not too many stairs that is probably the best solution.  I agree that being on the fifth floor with older adults is probably not a good solution.  I can't speak to the real estate investment potential in Delhi, India so I cannot say if you will see return on your investment if you spend more money.  Do you have real estate brokers there that can advise you?  If so, consult one.  Or, talk to others who are knowledgable about the real estate market in your area.  In addition, look at the long-term investment and economic growth that you may experience in owning a home.  What is your financial future?  Will you see salary increases?  If so, taking on a higher debt may not be so bad.

Good luck and best wishes,
Jessica Bryan

Buying or Selling a Home

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Jessica Bryan

Expertise

buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience

Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

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