Marbella WOHNEN Immobilien
Some of our tips as a professional real estate specialist
When buying a home you have to properly define your needs and nobody knows this better than you.
However, as real estate professionals, in today’s article we are going to give you some advice to help you make the best buying decision.
Assess your needs
When we are going to choose which house to buy to live in in the coming years, it is essential to identify the real needs that we have. One of the mistakes we make the most is letting ourselves be carried away by emotions.
Make a plan and start to define what needs you: type of housing, areas, services …
Define the type of property and the place where you want to live
When you decide to buy a home, you not only have to think about the present, you also have to think about the future.
A very common mistake is making “static” decisions when buying. Life takes many turns and that must be taken into account when you are going to make such an important investment. Situations such as the desire to expand the family in the future or a possible transfer at work can make your needs change.
When buying it is important to think about things like:
- Is it an area with possible revaluation where there are schools, universities, road connections, metro or train stations?
- Am I buying at a good price in relation to the area and the market prospects in the area?
It is advisable to take into account the possible variation in the value of the asset that is purchased in case there are needs for a sale or rental in the future.
Contrast the information
It is a normal dynamic in the market that during the negotiation the seller makes statements of this type: Make the decision quickly because I have several stakeholders who have also seen the house and like it a lot.
If the house is in good condition and at a good price, it will surely have interested parties, but that cannot affect us.
Another issue is that if you see that the house has a very low price or any extremely attractive situation you should be even more cautious. Check and contrast everything.
A good way to start is asking for the updated simple note of the property to see its registration status. Check that there is nothing unusual and then compare prices with other homes offered in the area.
Calculate how much you can afford
A correct analysis of your payment capacity is essential and it is not always exactly what financial institutions carry out when they study your operation. Normally it is not recommended to exceed 30% of indebtedness on the income of the family unit.
Choose the financing that best suits you
The market is constantly changing and the mortgage is a product for a long period of time. On many occasions, attractive interest rates are accompanied by commitments that represent a significant additional expense such as maintaining a pension plan, insurance or similar.
In addition, there are conditions that can be variable (such as the interest rate) or commissions such as opening, study, cancellation or amortization that must be carefully evaluated since it implies an increase in the cost of financing beyond the monthly fee that is expected.
Hire a professional
Buying a home is an arduous task that requires great knowledge. Therefore, it is best to hire a professional to help you get the home of your dreams without worry.
Marbella WOHNEN Immobilien