Contact a Real Estate Agent
A RE/MAX Sales Associate can help you through the entire process of buying a home, starting with the mortgage and continuing right through to the end. He or she can help you shop for the best interest rate and terms and, if you wish, suggest mortgage lenders.
Get Pre-Approved For a Loan
Obtain a copy of your credit report and, if necessary do what you need to do to improve it, as the higher your credit score, the better interest rate you can command. You find this information online alternatively your RE/MAX agent can also help you. It’s important to shop around and contact several lenders to determine which one will offer you the best deal.
Determine Your Price Range And Area(S) in Which You’re Interested
It’s advised to get a good idea of how much you can afford to spend purchasing a home in order to narrow the parameters of the search. You should also research neighbourhoods to find out where you would be happy to live or invest. Your RE/MAX agent can help.
Decide Which Amenities And Features You Must Have – And Which Ones Would Be Nice But Aren’t Essential
How many bedrooms and bathrooms do you want? Would you prefer a newer home or an older one with established landscaping? Are hardwood floors a must? Is an updated kitchen important to you? Walk in wardrobes? Which features would you be willing to give up if you find the otherwise-perfect home?
Begin Testing The Market
Right here on www.remax-eralia-costadelsol.com, you can find listings to suit your criteria as well as neighbourhood information. Identify properties that seem to fit your requirements and if possible take an afternoon to visit as many areas as possible. See what's available in your price range and explore neighbourhoods.
With Your Agent, Begin Seriously Looking at Property
Your agent will be able to suggest properties which you may not have seen including homes which have just come on the market. Look at homes with a critical eye – does the floor plan work for you, is the property in good condition, would it be right for your lifestyle? In short, can you imagine yourself and your family living there?
A good tip is to take notes at each home you visit. What do you like and not like? Narrow down your choices; re-visit homes in which you're interested. See them at different times of the day.
Make an Offer
When you've identified the property you would like to buy, be prepared to help your agent prepare an official offer quickly. Your agent will be familiar with market values and will help you arrive at a price that gives your offer the best chance of being accepted.
However, at this stage try not to become emotionally attached to a home, as your offer may not be accepted for any number of reasons. Have backup homes in mind. Be prepared to negotiate through your agent with the sellers.
Once Your Offer is Accepted
- You'll be asked to provide a deposit and sign an agreement (if you change your mind you could lose your deposit, but if the vendor gets cold feet they will need to reimburse double your deposit).
- The next step is for your lawyer to request the Nota Simple which will provide the history, establishing whether the vendor is in fact the owner and entitled to sell property and just as important if valid planning permission is in place. In the case of a new build you will also need to check residency permits have been granted.
- When you reach the stage of the private purchase contract which records the date, contents and agreed transaction terms, it is impossible to back out unless both parties are in agreement.
- The property will only legally belong to you when you have signed the deeds in the presence of the notary public and paid the remainder of the purchase price to the vendor.
ENJOY YOUR NEW HOME!
