The demand for new customer files consists mainly of young people buying houses for the first time,” said Mr. Phan Vi. Offering advice to young first-time homebuyers, Mr. Phan Vi points out some key considerations.
Firstly, the real estate market is always changing. With individual houses, there are expensive ones and unexpectedly affordable ones. However, it’s important to visit and experience the houses firsthand before making a decision.
Secondly, the financial aspect needs to be carefully considered. Especially for young people, it’s crucial to understand their financial capabilities before starting the search. “You can’t spend 10,000 VND on a bowl of pho if you only have 10,000 VND,” Mr. Phan Vi jokingly said. Even when taking out a loan from a bank, buyers need to carefully calculate their ability to repay the debt.
Thirdly, it’s important to cooperate with real estate agents. According to Mr. Phan Vi, new customers often overlook the importance of collaborating with agents. In reality, newcomers to the market need the help of agents to make connections. A positive working relationship can bring many benefits to both parties. For buyers, they can gain a better understanding of legal issues and market trends through the experience of agents.
When it comes to buying a house in 2024, Mr. Phan Vi also shared some helpful tips.
Regarding finance: If you have 100% cash available, this is the best condition in the current market. If you need a loan, it’s a good time as interest rates are low. However, it’s important to consider your repayment capability, as mentioned above.
Understanding the real estate market: When searching for a house, customers often browse through many listings and real estate websites, where there is a mix of true and false information. In reality, even if someone has bought a house once or twice before, they can still feel uncertain about the true value, as the market changes every 3 to 6 months. There are also general fluctuations to consider.
