Tips for buyers
When the real estate dream comes true ...
A good preparation and knowing yourself and your requirements is a must when signing the contract.
Because: For most people, a condominium or a house is a longer-term project.
It is usually hard to decide on ownership if one intends to sell it again after one or two years.
Your personal needs
Wherever you live, you also want to feel good! This also means being aware of what you value yourself before you start looking for the right property.
A checklist to check your own claims, fundamental features, is quite helpful here. Of course, the number of people determines the size and number of rooms of your desired property. For example, a family with smaller children has different needs in terms of location and social environment than a single or older couple.
Another fundamental aspect is the claim to the energy supply of the property.
Which heating system is preferred? Gas, oil, pellets, photovoltaic ...? Floor, wall heating, flat radiator?
There is no shortage of possibilities ... plan everything well in advance.
Keep an eye on budget and finances
"Can I afford it at all?" Often it is certainly thoughts like this that come into play when planning the purchase of a property. "What financial resources do I have available?", "Is my equity sufficient?". Decisive factors in the calculation of the financing amount are the incidental acquisition costs.
These include land transfer tax (5% of the purchase price), notary, land register entries and - if purchased through brokers - the brokerage commission. As a rule, you should expect additional costs of approx. 10% of the purchase price in this regard.
Although banks go through all the possibilities of redemption and the associated terms and conditions of service when talking to the financing customer - however, one should first deal honestly with his very personal financial situation.
In credit planning z. For example, current home savings or disbursed life insurance taken into account, which can each be used to special repayment, which sometimes allows a maturity reduction of a loan. However, this must be clarified in the financing contract from the beginning. A far-reaching interest rate comparison is just as important as the choice of the appropriate type of loan.
Weigh it up and honestly ask the question: "After deducting all costs (including unforeseen maintenance repairs!) And the loan installments, I will not only have the bare necessities, but enough left over to get my usual standard of living or are the constraints that I have to do, so high that in the long run could be a hard stress test? ".
Buy, build new or even bid?
Should it be an existing property or is it more likely to consider building a new property? Whatever you decide on - every kind of acquisition requires individual action.
For example, in the new building, you always have the opportunity to codecide what the equipment features. Here, of course, by own contribution a lot can be saved. But do you have the time and the nerves for it?
The existing real estate, however, is already ready - or of course not. The renovation, maintenance or modernization can be fun - but also time and nervous pretty stressful. Remember: The costs for this have to be included in the financing!
The notarial property purchase agreement is very extensive. In addition to all necessary basic data such as contract parties, purchase price, etc., and the detailed descriptions of the real estate object, he regulates liability issues, any existing defects, legal facts and much more ... in the draft contract, the notary is a great help, because he is the legal expert in these matters - he is always there to advise you. The content itself, on the other hand, is defined only by the contract partners, ideally together with your broker.
Important: Before signing the contract with the notary, make sure to clear the financing and get a binding commitment from the lending bank - if the notary has certified the contract of sale, he is legally effective!
Professional advice on LE-APIS real estate
Buying a property is a big deal. For the buyer, it is often not possible to take all factors into consideration or to treat them in detail, moreover - not everyone is familiar with all areas. So what could be more obvious than to get professional help on board, to be accompanied competently right from the start and to benefit from years of experience from specialists?
We, from LE-APIS Real Estate, want to make sure that your real estate wishes come true with our all-round service.
... put us to the test!