Posted by: islamicfinancingnews | November 17, 2013

A few house hunting tips that go well with Islamic loans

Making good decisions around real estate starts with getting Islamic loans for Muslims. It’s important to be sure you stay Sharia compliant and away from riba and make solid business decisions at the same time. That means you’ll need to have a few tools to hunt for the best house in your price range. Read on to find a few of these useful ideas.

  1. Write down what you want the most. It’s best to sit down with all the members of the family and write out a list of the things you want most in a home and then combine all the input into a top five that you really can’t do without. You’re bound to be swayed by all the different house huntingfeatures out there once you start looking so having this list will do wonders.
  2. Make comparisons. Once you’ve seen a few homes, all the details might start meshing together. That’s why it’s a good idea to make notes after each of the homes you look at so you can compare the pluses and minuses once you get back to the home you’re currently living in.

Finally, you need to be as thorough as you were when you started looking at Islamic mortgages. In this case, that means bringing along a few furniture measurements so you can check any questionable spots. Remember, finding out you need to buy new furniture after you’ve bought the place is a big expense.

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