Posted by: islamicfinancingnews | March 18, 2014

The ABC’s of islamic home loans and making an offer

Finding good islamic home loans will put you in a position to buy a home, but mastering a few techniques along the way will make the process go more smoothly. Many people think making an offer on a home is exclusively about the price, but there are terms and conditions that can actually save a potential buyer thousands of dollars in the long run. Following are a few tips about making an offer that complement your islamic mortgage loans.

  • People think offering a certain amount below the seller’s asking price is part of the game, but that’s not always the truth. Supply and demand is achecklist 2big part of the total equation and if you’re buying a house in an area where there is high demand, offering the asking price and maybe even a little more can help you to avoid a bidding war.
  • On the other side of that coin, if the demand in any particular area is weak, you can get away with making an offer lower than the asking price.

Remember, any offer on a house you purchase with islamic home loans should include at least one home inspection.

 

 


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