Hi,
Can someone tell me the process of buying a home in Pakistan? Is it anything similar to the UK or completely different?
Also, do most married couples take out a loan/mortgage to buy a home and then make repayments or pay cash outright?
Thanks.
Re: Homebuying In Pakistan
Both 'cash' and 'loan' options are available in Pakistan. But interest is at usually much higher rate compared to UK/US. Last I checked it was close to 14%.
Re: Homebuying In Pakistan
People generally pay cash for houses in Pakistan. Just speak to any agent and they will be able to guide you to the home buying process. Usually you have to go to some office and documents are exchanged between buyer and seller and the transaction is recorded.
we have a business of real estate in lahore. msg me if u wana buy plot or a house!
Re: Homebuying In Pakistan
House buying in pakistan is one of the easiest things to do. You can get in touch with any reliable real estate dealer and tell him your range. He will help you in hunting down a home within the prescribed budget. You will be required to sign a few papers and can move in as soon as the previous tenants move out.
You can also build a house of your choice. This would cost you less than buying a house. However, for that you need to own a piece of land.
hi
the way to buy the home best for you is to contact any local real estate consultants and ask him to find the best option according to your needs. the real estate consultants are always looking for the best option to give the early response to their clients.
Re: Homebuying In Pakistan
interest rate at 14% my god in Britain due to the recession its 0.5% thank god
14% interest rate is crazy, on a 30 year loan? I just closed two days ago on a house at 5% in Atlanta, GA.