Estimate your budget
To start a real estate project, you must first know the exact budget you have . This will allow you to refine your searches according to your means.
It is important to determine your current situation, financial and professional, your personal contribution, to know if you can claim to obtain a mortgage . You can only apply for a loan after signing a sales agreement. However, you can contact our CFP Courtage advisers on our site. Our brokers, mortgage specialists, will help you estimate your borrowing capacity for an effective search.
Identify your needs
Before you start looking for accommodation, take the time to define your needs and desires . You may be about to commit for several years, so it is essential to draw up a list of essential criteria to find the right property for your current and future situation. A broker can help you target essential and secondary items .
The type of accommodation
First, you must determine the type of housing that suits you best : house, apartment, new or old housing, life annuity, condominium…
Then, take stock of your needs to define what is essential and what you could make concessions on. Do you prefer a one-story or one-story house? Do you need a balcony, a garage, a parking space, a garden…?
How many bedrooms, bathrooms and toilets do you need? Would you be ready to embark on renovation work?
Having a clear idea of what you want will help you in your search as long as you don’t list too many criteria .
Remember that your current situation is not the only one to take into account. You also have to think about your future situation. Indeed, if today you do not have a child, what will it be in a few years? You may need an extra bedroom or two.
The environment
An important point not to be overlooked, as it is a main factor in your well-being, is the environment in which you will live, especially if it is your main residence.
Before you start looking for a property, you need to define a search area . Very often defined according to the place of work, nevertheless think of the local shops, the means of transport available, the schools, the parking spaces… Take an interest in the surroundings, the neighborhood and the potential noise pollution that you could be confronted with. .
Organize your search
Search solutions
Several solutions are available to you to find the property that suits you.
If you want to do your research on your own, you can go through the real estate ads in the press, on the internet, in notarial offices or with a builder. On some websites, you have the option of being alerted by SMS or e-mail when an ad that meets your criteria is posted. If it’s a person-to-person purchase, remember to contact the seller quickly to make sure you don’t miss out on a good deal.
On the contrary, if you would like to avoid the risk of scams, especially when buying your first home, or if you do not have enough time to devote to the search for a house, it is strongly recommended to take contact with a promoter or a real estate agency . They will bring you their expert advice and help you step by step.
If you are unable to find the rare pearl, do not hesitate to widen your search area , which can sometimes hold some good surprises.
Also check: How much do real estate agents earn?
The visits
When you find an interesting real estate advertisement, telephone the owner or the agency to make sure that the property corresponds to your main criteria before making an appointment. This can save you unnecessary trips.
On the day of the visit, you must necessarily comb through all the characteristics of the property.
To ensure that your acquisition is a good investment, you must not only check that the property is in good condition, take an interest in the environment in which it is located, but it is also crucial to ask questions of the current owner or the real estate agent . Here is a list of the main things to ask:
- Annual costs
- How much is the council tax?
- How much is the property tax?
- What are the heating and electricity costs?
- How much are the condo fees? What do they understand?
- Work done
- What condition is the roof in? Has it been maintained?
- Was the work carried out legally? (swimming pool, veranda, extension…)
- Work to be planned
- Is the insulation up to standard?
- What is the condition of the various equipment in the home? (electric doors, plumbing, toilets, etc.)
- What are load-bearing walls?
- Area
- Is the house well served by transport?
- Are there any nuisances around?
- Are there any future construction projects?
- Is the property affected by the urban right of pre-emption?
If you are interested in a house or apartment, do not hesitate to organize a second visit and, if possible, at a different time to find out details that you may have missed. Carrying out as many visits as possible in the area will allow you to compare properties and get an idea of the market price .
Finalize your real estate project
Negotiate the selling price
Once you have found the house or apartment of your dreams, know that you can negotiate the purchase price in several ways.
First, if you have made several visits to the area, you can determine whether the property is overpriced or not. Then, you can use arguments about the work to be done or the environment (nearby busy road, noise pollution, etc.) to negotiate the purchase price. Finally, if the property has been for sale for several months, the current owners may be tempted by an offer at the market price.
Funding
From the moment you have found the property to buy, your CFP Courtage broker can start looking for financing. We can help you in buying homes for specialist disability persons visit at gonest.com.au!