Main Essential Tips for First-Time Property Buyers

1.- Work closely with an estate agent you trust

Establishing a relationship of trust and professionalism with a local real estate agent is, without a doubt, one of the most important factors when it comes to finding the house of your dreams.

The real estate agent will search the market, through contacts and other sources, for the house that meets your needs. It will also act as a filter to eliminate those that do not meet the characteristics.

If you are not in the area, the real estate agent will be able to carry out virtual tours, on-site video calls, and distribution plans so that you can have a fairly clear idea of the property in question.

Establishing a relationship of trust and professionalism with a local real estate agent is, without a doubt, one of the most important factors when it comes to finding the house of your dreams.

The real estate agent will search the market, through contacts and other sources, for the house that meets your needs. It will also act as a filter to eliminate those that do not meet the characteristics.

If you are not in the area, the real estate agent will be able to carry out virtual tours, on-site video calls, and distribution plans so that you can have a fairly clear idea of the property in question. In this way you can make a list of interesting properties for your next visit.

A real estate agent with experience in the area, will be able to inform you of many more things, such as the areas (which are the most in demand), as well as urban regulations, the possibilities of the property, and is there any new law or regulation to take into account and a wide range of doubts and questions that arise along the way.


2.- Get familiar with the areas

After having asked your real estate agent for information about the different areas of the municipality, I recommend investing some time walking through the areas, to get to know them first hand, talk to neighbors about their experience, visit the services and amenities of each one of the zones. Take advantage and ask yourself questions. Do I picture myself living here? Do I feel safe and comfortable around here?

Drive from the area to everyday places, such as the supermarket, the beach, restaurants, the medical center, or the center.

All these actions and questions will help you decide if this is the ideal place for you.


3.- Sort your finances first

Buying a house is probably one of the most important investments of your life and you must calculate what your maximum investment can be.

If you are going to ask the bank for help, we recommend contacting your bank before starting your home search, as they will be able to calculate the amount they can offer you, as well as the expenses and interest derived from said operation.

It is useless to find the house of your dreams, and then not be able to buy it, that is why if you need financing, first visit your bank.

All this will help you appear more serious about buying or making an offer on the property you like.


4.- Contact a lawyer for advice 

Good advice from the beginning is one of the keys to success.

It is recommended to start a conversation with a lawyer (preferably local) and inform him of your desire to buy a property.

The lawyer will give you advice, as well as start with the first necessary procedures to be able to buy a property. If you buy abroad, for example in the case of Spain, you will need a NIE number, both to open a bank account and to buy a property.

This process can take several months, so it is better to process it at the beginning.

It is another strong point when negotiating and closing an operation. Example: I have the money ready and the NIE number too.


5.- Act safely but quick

The real estate market is very changeable, some years it can be very good and others very bad.

So timing is very important.

We recommend sweeping the market with the help of your local real estate agent, and visiting all the properties that may fit your needs and lifestyle.

Once you find this property, don't think about it too much, start negotiating.

It is clear that you have to think but not too much, because there are other clients also visiting this house on a daily basis.

Make a check-list, and check that all the requirements are covered, it will help you make the decision.


6.- Is it a safe investment?

Do your homework, look for relevant information on the trend in this area, the level of demand for renting and/or buying a home.

There are specialized websites where you can even see the price history of the price per square meter of housing in each of the areas of said municipality.

Are you perhaps thinking of renting the property to get a return? Or it is simply a possibility in the future. Analyze some rental websites to check similar properties and make a comparison with your property, in order to get an approximate price of the monthly profitability that you could obtain from your home.


7.- Does the property need refurbishment?

Maybe you want to change some windows, open spaces, or improve the exterior area of the house.

It is a good idea to contact a builder to obtain an estimate (even if it is approximate) of the cost of the work to be carried out.


CONCLUSION

From Brassa Homes® - Real Estate Agents since 1979 we can guarantee success in the purchase of your new home simply by following the steps indicated above.

And we are at your disposal to offer you the best personalized service, listening to your needs and working side by side with you, using all our contacts and years of experience, until we achieve our ultimate goal, which is none other than your total satisfaction.

 

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