7 steps to prepare your real estate purchase

7 steps to prepare your real estate purchase

13 December 2021

Buying real estate is an important and often costly decision. This is why it is essential to prepare your purchase well to avoid pitfalls and costly mistakes. In this article, we will present you with seven essential steps to successfully prepare your real estate purchase.

1. Determine your budget

The first step in preparing your real estate purchase is to determine your budget. It is important to know your financial capabilities before looking for a property. To do this, you can use an online home loan simulator or consult a home loan broker.

2. Assess your needs

Once you have determined your budget, you can assess your real estate needs. How many rooms do you want? Do you need a garden? How much space do you need? Take the time to think about your needs to avoid ending up with a property that does not meet your expectations.

3. Search for the ideal property

Now that you know your financial capabilities and needs, you can start looking for the perfect property. You can consult real estate websites, real estate agencies or notaries to find your future property.

4. Visit the selected properties

Once you have selected a few properties that fit your needs and budget, it's time to visit them. Do not hesitate to ask questions about the property and to make a thorough visit to avoid unpleasant surprises.

5. Carry out a real estate diagnosis

Before finalizing your real estate purchase, it is essential to carry out a real estate diagnosis to avoid bad surprises. This diagnosis will detect any problems in the property, such as security problems, humidity problems or termite problems.

6. Negotiate the price

If the property meets your expectations, you can start negotiating the price with the seller or the real estate agency. Do not hesitate to make a counter-offer if the initial price does not match your budget.

7. Finalize the purchase

Once you have found the ideal property and the price has been negotiated, it is time to finalize the purchase. To do this, you must sign a provisional sale agreement and a deed of sale with the notary.

By following these seven essential steps, you can successfully prepare for your real estate purchase. Don't forget to take your time to think about your needs and budget before you start your property search.

Are you looking for a real estate credit expert to help you with your project? Contact us now to learn more.


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