What is the process of buying a house in 10 steps?
Buying a home is a complex process that requires thought. The purchase of a house is done in several stages, from the definition of the budget that can be devoted to it to the signing of the deed of sale at the notary. Discover how the purchase of a house in Collioure takes place in 10 key steps .
1. Define your budget
The first step when planning to buy a new home is to start by defining your budget .
Indeed, the prices of houses in Collioure vary according to various factors: the location, the characteristics of the accommodation, the demand... It is therefore necessary to first define the budget that can be devoted to its acquisition in order to be able to sorting among the offers of houses for sale in Collioure.
The definition of the budget must take into account your financing capacity as well as your mortgage capacity.
To find out exactly how much you could borrow, contact your bank. Once you have set your budget, keep in mind that many costs will have to be added to the sale price, including registration fees, deed fees and notary fees.
2. Define your needs
Once you know approximately what purchase budget you can devote to the purchase of your house in Collioure , you must define more precisely what you are looking for. The best way to do this is to draw up a profile of the ideal home:
- How many rooms should it have?
- How big would it be?
- Where would it be located?
- Does it have a garden, a balcony, a terrace, a garage, a swimming pool...?
- Can you accept a house that still needs some work if the price is lower?
3. Preselect real estate offers
Once you have defined your budget and your criteria for buying your house in Collioure, you can start looking for offers that fall within your budget in order to make a pre-selection.
Then, you can sort the real estate offers according to your selection criteria, such as location, surface area of the accommodation, number of bedrooms, neighborhood, etc.
You will find real estate offers in real estate agencies in Collioure and online, on the websites of real estate agents and on the online advertisement pages.
If you want to broaden your search as much as possible, you can even look at the advertisements in the local newspaper in Collioure.
4. Choose a property that meets your criteria
Once you have shortlisted the homes for sale in Collioure that fit your buying budget, you can review the different offers and choose the one that best suits your needs.
5. Organize the visit of the house
This is when you can organize the visit of the property with the real estate agent in charge of the sale of the house, or with the owner of the house.
Visiting the property is a particularly important step in buying a house in Collioure: remember to ask all the questions, in particular concerning maintenance costs, the insulation of the house, the neighborhood, etc. If the first property visited does not suit you, organize another visit until you find the accommodation of your dreams!
6. Make an offer to purchase
Once you've found your dream home, it's time to make an offer . Make sure, before making a written offer, that you have checked that the house does not contain any hidden defects.
The written offer should only be made when you are sure you want to buy the house! Otherwise, ask for a purchase option rather than an offer: the purchase option defines a period during which the seller cannot sell the property, which gives you time to make your decision without rushing.
7. Take out a home loan
As you now know what the final price of your new house in Collioure is, you can now apply for a loan from your bank .
Do not hesitate to contact several banks and organizations because some loan offers can be significantly more advantageous than others!
The rate is not the only factor to take into account: also look at the duration of the loan, the insurance, the guarantee costs, and other characteristics of the loan which affect the final cost of a mortgage.
8. Sign the sales agreement
The compromise of sale is an important step in the process of buying a house . It is drafted by the buyer's notary and the seller's notary.
The sales agreement is generally signed within one month of the offer. You will have to pay a deposit of 5 to 10% of the amount of the purchase price of the property.
9. Sign the notarial deed
The signing of the notarial deed concludes the purchase of your house in Collioure. It must be done within a maximum of 4 months after the signing of the sales agreement. Once the deed of sale is signed, you will own the house.
10. Move out!
Once the purchase of your house is finalized, all you have to do is get the keys to the house and prepare your move to Collioure!