Seven steps you have to take before buy house fast
1. Be clear about what you want. It seems obvious, but it is not. Before embarking on a project like this, you should
spend time thinking about your needs, present and mid-term, and also your real capacity to satisfy them. Your possibilities will depend on the options you find and the budget you have.
2. It has the support of professionals to find the house you want. It is difficult to cover all the possibilities
offered by the market. The more you limit the search, the less likely you are to find the best home. It has real estate professionals to have greater security regarding the characteristics of the properties and access to a wider offer.
3. Once chosen, investigate what is the housing situation. We must know very well what we are buying: if you have
financial burdens, property problems or defects. That is why we recommend going to the Land Registry , to the Contact Us
or even to the town hall to find out their situation. It is essential that you get all the information about the conditions, the management involved and the obligations and expenses that you will incur.
5. Know your true value. Before fixing the price, we must check that what we are going to agree on is not above the
market. Keep in mind that when applying for a mortgage they will grant it based on their real value, not the agreed one. Imagine that you commit to pay for a flat 120,000 euros and then a professional appraisal determines that its value is
100,000 euros. If, for example, the bank grants you a mortgage on 80% of its value, you can count on 80,000 euros. The other 40,000 must be contributed by you. It is vital to pre-assess or use online tools such as BBVA Valora, which in
real time offers you a very approximate value of the home. By the way, Valora will tell you, thanks to Big Data from many users with your profile, if it suits yourent or buy ...
6. Study what type of mortgage you are interested in. Nowadays you can choose between mortgages at a fixed, variable or
mixed rate . In the first case, we will always pay the same fee. In the second, it will depend on the evolution of the indicator. In mixed mortgages, the first years are at a fixed rate and the rest at a variable rate.
7. Choose the home insurance that best suits your needs . It is important to know the difference between multi-risk insurance and minimum home insurance. The first is usually recommended to those homes where there are jewels, antiques,
furniture with great value or works of art. The second is much more basic but covers fires, pipe jams, thefts and thefts. Once analyzed both the important thing is to choose the one that we really need.(we buy houses fast)