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10 tips for buying a House at good price in Spain

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10 tips for buying a House at good price

Property New House

1 make sure that you can pay for housing

It sounds obvious, but it wouldn’t be the first time that someone makes an offer for a House and then can not afford it. for this reason, before placing a bid on the table, you have to be very, very sure that you can afford, this means that you have the money, already you’ve sold your House or have the mortgage specifically for¬†property ciudad quesada

2 is it an investment or your residence?

If the purchase is purely for investment only will have to think in terms of profitability per rental (try to reach and possible rise in the price of the House., will have to be aggressive in the final price, without sentimentality. Conversely, if the housing is to inhabit it for 10 years or more, can be a little more flexible if it is the House of your dreams), although you should always ask yourself if you can with all expenses of that House, above all, if a great jump from your previous home

3. do not buy until you don’t have practically sold home

until you have not sold House, you won’t know how much you get for it. for this reason, it is best to not go making offers during that period. in fact, some real estate refuses to highschool houses to people in these circumstances. and it is that you despite the widespread fall in prices, there are still people who do not accept that your home has fallen in price, but are making offers tremendously down by properties that interest them

4 weigh what you want property

is price the only thing that interests you from the floor? now more than ever you must think about what you are interested in a home and choose. before was only recommended to follow the rule of the three l (location, location and location), but now recession it speaks of the three p (position, price and perfection). houses more fallen are not necessarily the ones with best price. Although there will always be room for negotiation, the best homes will have lost less value. Therefore, you have to choose what we want (transport, services…)

5 it explores where you can lower the price

the best way to bid is not to do it. It must be of glimpse that we will make it, but we’ll let pass a time to leave real estate agent moved. Meanwhile, find out more about the property¬†and the owner of housing that interests us. the time that leads in the market, the level of desperation of the seller, how many offers received and how many rejected… must be curious without being rude to bid adjusted downward, which probably will be rejected, but if it’s realistic can be a cornerstone from which to start the negotiation

6 make your offer

you have more likelihood that accept you an offer if the seller has already suffered some disappointment in the form of withdrawal of interested buyers or close dates, such as for example Christmas. It is also important to try to find out if the seller view dates such as e.g. a change of job or need to apply for college or other service in another location. They also tend to be more receptive if they carry psychological times with housing for sale, for example a year

7. sit the seller

make an offer down, but be prepared to accommodate deadlines on the calendar of the seller, that maybe you need the House a few months before handing it over to you. that can give you significant savings because it will save you a rental. In addition, you must be polite and show your admiration for the improvements made by seller, even if you tell him that you have to include in your offer a cost of reforms of other things

8. do you practice the gazunder?

in the United Kingdom is not signed contract of through to writing, so some people lowered their offer or bargain at the last minute. in times in which the price of housing did not stop upload happened otherwise, sellers went to the purchaser at the last moment saying that they had further highest offer and thrown them in the agreement if they do not match that offer. Here there are opinions for all tastes. While some recommend not to do so because it is unethical, others point out that the business ethics is in the price and to if the price continues to fall until the agreement the transaction value should be adjusted

9. If you bargain at the last minute…

If you decide to withdraw your initial offer, sure you have prepared reasons to justify such a change and give the agent‘s time to negotiate with other people interested in the property. Otherwise it carries more than one whiff of blackmail and it may mean that the seller withdraws from sale completely. be prepared to lose the property if it is a bluff

10 be prepared to close the deal

Finally, make sure that you’re really willing to go ahead and close the deal quickly if there is an understanding. have everything handy and ready to not expand the process

Written by James

June 30th, 2014 at 5:28 pm