Many people hesitate and not daring to purchase pre-owned house because they afraid that it’s not worth compared to purchase a new house. But if you think carefully, both pre-owned house buying and new house buying risk not differently. We have 8 advices to consider to reducing risk in house buying as follow.

  1. Choose from location : What location where the house located in support? It should have convenience in travel, transportation in the future, good neighbor and suit to your life style that is the most important factor.
  2. House’s condition : The factor that necessary is checking before buy pre-owned house that how long this house had built and checks both inside and outside, system and structure, find the defect of "structure" to prevent the repair costs later.
  3. Worth and good to invest : Don’t forget that buying the house is long term investment. To invest this type, you must consider carefully. At least, you have to confident that under same condition, house price plus repair cost is not higher that buying new house.
  4. Have a good future : Farsightedness in long term is necessary. You should consider that in the future, if you will rent out or resell, it must have more value than inflation rate that increasing indefinitely too.
  5.  Price : Appraise asset price that house’s size is suitable for your usage or not or if the house must be repaired, it will worth or not compared to buying it. Moreover, before make a contract, you must read agreement detailed that this price are including additional charges or not such as transfer fee, revenue stamp fee, etc.
  6. Check about law : Former owner who sell the house may sell because forced by law. Before buying, you should check about law detailed. For example, check about expropriate that such house is in expropriate or not or such house is mortgaged to financial institution or not.
  7. Check the seller  : Check that seller has the ownership of the house really or not. Therefore, don’t forget to ask to look seller’s ID card and name behind title deed before decide to buy.
  8.  Check the sale and purchase agreement : Other expenses such as transfer fee, revenue must be defined writing in agreement, and you should keep the agreement although transfer the ownership already.