Posted by: islamicfinancingnews | November 25, 2012

Islamic loans can help you find the right family home

Whether you are looking to buy your first home with the help of Islamic mortgages or want to upgrade or downsize to a different residence, you need to be practical when you begin house hunting and that includes being prepared to view any property of interest several times in order to spot potential problems.

Be aware that some owners will attempt to use furniture or other items to disguise something like a crack in a corner basement wall, or area rugs to cover over missing tiles on a floor. Pay attention to any damp smells in the house. This could indicate the existence of mold which is not easily visible, but can pose a serious health hazard to your family if left undetected.

Beyond the interior of the house, look at the structure of the building and check the foundation for any cracks or other defects. Obtaining a home inspection report can alert you to any issues that require attention. Knowing the house needs a new roof can help you in price negotiations with the seller by deducting the cost of the repair from the asking price.

Make sure to ask the real estate agent as many questions as possible so you have a good idea about such things as where the property line begins and ends. Finding out what you thought was a private driveway for two or three cars is actually a shared driveway with your neighbor could mean the difference between submitting an offer on a property or not.

You need to be aware of what to look for in the right family home, just as finding proper Islamic loans free from Riba will help secure the financing you need.


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