Before you start looking for your new house, you need to know the steps to follow, and this is a great way to start. From the initial search, until you get the keys to your new home. Learn with these simple steps:
Determine your purchase budget
Even before you start searching, you must determine how much is the maximum value you can use to buy your home. This includes the maximum entry value that you can give, remember that the lower the value you have, the greater the amount of the credit, and the monthly payment to be paid by a mortgage.
A high amount of credit requested can prevent you from acquiring the property you like so much, so it is very important that you have an initial fee. The common thing is to have a minimum of 30% entry when you want to acquire your new house with the help of a private bank. If you have a maximum of 20% entry, your financing opportunity will be with the BIESS.
If you have a lower initial fee, either 5% to 10%, your best option may be to buy a property that is part of a real estate project in plans or is under construction. In this way, you can finance without interest the entire entrance, with comfortable fees during construction.
Do not forget about the acquisition costs or transfer taxes that you will have to pay to the municipality of your city. Generally, these costs are between 2% and 5% of the value of the house.
Contact an Agent
Real estate agents are professionals licensed or authorized by your broker who has access to information that is not available to the public. A good real estate agent is an expert in the buying and selling process, and in addition to knowing the sectors of the city like the palm of his hand, he knows the agents who work in the area and is skilled at negotiating.
Do not worry about your fees, since the seller or owner of the property pays all the fees to the agency for the sale of a home, so working with a qualified real estate agent will cost you nothing.
Start looking for houses.
Start touring the houses you like, meet with your agent to get all the information, brochure, appraisal, technical specifications, possible financing, clear legal doubts, and more.
Make a purchase offer, also called purchase intention.
When you are ready, your agent will help you determine how much to offer, determine the payment method, and purchase conditions. Check with your Agent the real market values, ask him to show you the valuation of the property and its comparison in the sector where it is located.
A purchase intention is a document that you must sign and show your real interest, in addition to containing all the conditions that you want to be met.
If negotiation is necessary, there is always a margin of value where everyone will feel satisfied, especially when your payment method is very attractive.
Close the purchase
Once you, as a buyer and the seller of the property, agree to the terms, you will enter a closing process, which usually takes 15 to 45 days, depending on whether your purchase is cash or financing. During this process, the legal documents of the property are presented, minutes, promises of sale are prepared, if applicable, the documents are submitted to the financial institution that preapproved the credit, etc.
Get the keys and move to your new home!
Welcome to your new home. Remember that although the house is ready to use, there may be some maintenance or remodeling that you want to do before moving. Keep in mind these recommendations, cleaning of the place, installation of equipment, furniture, lamps, and others.