Posted by: islamicfinancingnews | January 10, 2014

Islamic loans and making sure you dont make a bad purchase

When you get involved in the real estate game, you don’t want to make the right move with Islamic loans only to buy the wrong property.  In other words, you don’t want to let your emotions get the better of you.  These simple tips will help you to avoid paying more than the place is worth or finding out the home has defects that were covered up.

Choose a home inspector carefully.

A real estate agent will often suggest a home inspector but it’s better if you do some research on your own.  The Internet is a great place to start and searching the company name can highlight any issues with past customers right away if disgruntled people have posted online.  Remember many of house huntingthese companies have a limited liability clause so you want to ask if they’ve ever been sued by a client.

Visit The Neighborhood

It’s important to take a walk through the neighborhood at different times to get a real feel for the people and the atmosphere there.  You might even want to drive to work from the location to see how long the morning commute will take.  Talking to a few of the people will give you a good impression of how friendly the place is and if it’s a good location to invest your Islamic mortgages in.

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