Property buyers in the Myanmar, Burma market may be finding it increasingly difficult to find affordable property in their price range. In this highly competitive market you want to purchase the best property within your budget, and avoid paying more than your fair share of home prices.
If you can leverage your funds,
you can find the best property in Myanmar to suit you and your family.
First start by hiring an agency
or picking an agent or professional who understands how the real estate market
works in this city. An agent holds specific qualifications and licenses, and is
not only familiar with the real estate listing process but can also walk you
through the process of finding the best home and how to close the deal.
But don’t just rely on a real estate agent. You should also be actively searching for a property—commercial property, condominium, or landed house. Remember that your real estate agent can’t watch the entire market all at once.
If you have signed a contract
with an agent and you do see that perfect property, it can be tempting to
directly contact the agent in charge of it. But you could be doing yourself a
disservice if you approach them without your own agent.
Your own real estate agent has
your best interests at stake. If you do see a property on a property search
portal, such as mrx.com.mm, contact your real estate agent first. They’ll help
book a showing so you can view the property and see if it’s right for you.
If you view the property with
your agent, they’ll negotiate on your part to help you get the best deal.
They’re also knowledgeable about deficiencies in property, and will ensure that
property inspections are done. At times the original property owner may not be
happy with an offer, so the agent on their behalf will come back with a
counteroffer. There can be a lot of back and forth involved in property
negotiation, and you may not have the time or patience involved to deal with it
If you and your spouse are
seeking a property in Myanmar, you should both attend property viewings and
open houses together. This is because you can both provide your opinion on the
property, and it also shows the agent that you’re both serious.
Property sales and negotiation
can also be time-sensitive. One moment a property is on MRX, and the next it’s
gone. It’s important to view as many properties in one week as you feel
comfortable seeing, because it may take time to find the perfect one. The more
properties you view, the greater the chances you’ll find the perfect one for
you and your family.
Besides asking for an inspection
report, it’s also important to find out how much maintenance fees, properties
taxes, and utilities cost in the average month.
With the efforts of your property
agency, you’ll soon be on your way to finding the best home for your