Buying your first home is an experience you will remember for a lifetime. The point is that it will be a pleasant memory or, on the contrary, one that is not at all memorable.
Investigating, planning, taking the time to reach the best decisions, and requesting advice from experts are key points.
Nothing in this process should be left to chance. With so much information at your fingertips, even with a click or Internet search, it is possible to complete the purchase of your first home without too many shocks.
Fulfilling the dream of having your home can turn into a nightmare in the blink of an eye, but at Yarmoloy Group we have the best news for you. Keep reading that we are going to recommend 5 tips so that unforeseen events do not complicate the process.
Choose the right credit for you
Currently, the credit offer available for the purchase of properties is wide. It is possible to access credit, both from public institutions, such as the National Workers’ Housing Fund and from private financial institutions.
It is important that you are honest with your financial reality and choose the credit that best suits your current possibilities
And yes, there are institutions willing to be your point of support so you can buy your first home, but that does not mean that any option is right for you, no matter how attractive it may seem in general.
Before assuming any commitment you must do a preliminary investigation.
Discard, in the first place, those credit alternatives that from the beginning would be very difficult for you to comply with. Dreaming is fine, but you should not put your current assets at risk.
To take into account especially? Knowing your real financial and credit situation will clarify the picture and put you in a more advantageous position to choose.
Digitization and the use of technology in all areas of daily life have facilitated many processes. Among them? The paperwork to buy your first home. Taking advantage of this advantage will save you time in transfers and waiting in offices.
It is very common that, in the institutions before which the paperwork is processed for the purchase-sale processes, they have the option of consigning the receipts via the web available. You can also start applications or request information through the internet.
Complete as many processes as you can online. Make use of the applications and stay up to date with updates and new query formats.
Compare different offers
The road you must travel to buy your first home can be long, but in the end, it will be worth the effort. Do not stay with the first options. Study the market and compare the pros and cons of the properties that you think may be for you.
Many times you could find yourself overwhelmed by so many numbers and alternatives, but it is better to make the right decision at the right time and that will only happen if you make a good comparison.
And not only does it take into account the economic issue, but also other aspects such as the area in which the property is located. Or the surplus value and that the house you are thinking about to be an investment for the future.
Keep in mind the down payment and paperwork
There are some processing costs that depend on the buyer and are expenses that you should keep in mind when you are going to buy your first home.
There are two fixed taxes that you would have to pay as a buyer: real estate acquisition and registration fees in the Public Registry of Property.
Seeking the help of an expert will save you a lot of headaches during the process of buying your first home.
The investment in the hitch is another point that cannot go unnoticed. Depending on what you have available for it, the installments to pay to finalize the credit will be more comfortable for you.
The money you have available for the down payment can also be an attraction as a buyer. If the property you intend to acquire has several offers, having the support of a good down payment can give you an advantage over other candidates.
Consult with experts
Having the advice of experts in the real estate business will put you in a privileged position. The first thing is to find an experienced and reputable real estate agent or agency.
An expert will put you on the table the best options, the one that best suits your needs and requirements. It is his duty to take you by the hand through this process and give you the key information to make the best decisions.
At Yarmoloy Group, we have expert advisors who will guide you in the search and purchase of the house of your dreams. We will make your first experience as a buyer unique and satisfying. They are prepared to be your point of support.