In purchasing a property, an interested buyer should consider the time he intends to stay in the place, since selling a house too soon would probably not be a profitable move, especially if there is instability in the market. Make sure that you stick with your price range and to minimize lower depreciation for your house, buy a property that is a little bit cheaper than those in your neighborhood. The added wisdom in this is lesser vulnerability to market volatility, with nearby luxury homes pulling the neighborhoods price range in times of market boom. It would also be beneficial if you talk to a real estate agent on the market condition of your desired neighborhood.
Ask for special incentives in buying a house, as there are a lot of sellers now and the market is quite saturated. Be very attentive on the financial terms offered by the seller and try to determine any possibility of reducing your transaction costs, such as asking the seller to shoulder the closing cost.
More importantly, always consider the location of the house you wish to purchase. Try to avoid properties near busy streets or places where a lot of people converge at particular times of the day....
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