The 5 essential tips for buying an apartment or a house

Buying an apartment or a house is an important step that should not be overlooked. So that you don't forget anything, here are the 5 essential tips to follow when buying your property.

That's it, you've decided: you want to buy an apartment or a house. Investing in real estate is a major step in our life which must be carefully thought out and well prepared in advance. Prepare your budget, compare offers, organize visits, protect yourself financially by subscribing to a home loan insurance … Many steps await you before you can settle into your new home.

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If you want to buy real estate, here are 5 tips to follow.

Define your project and budget

Before arranging tours, it is important to know what exactly you are looking for. To do this, make a list of all your criteria: what you want in your future apartment or House , but also what you want to avoid. Finally, define your overall budget and the maximum amount you are willing to invest in your property.

Study the real estate market

Buying a house or an apartment is not a trivial act, and you will have to study the real estate market before investing. Learn about new regulations, fluctuating prices and taxes, real estate market conditions.

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You can also do a market study and get information about the area where you are looking for an apartment, listing the different prices offered.

Subscribe to borrower insurance

Buying real estate, you will have to spend a large amount of money. You will have acquisition costs such as notary, agency or file fees, but also usage costs such as property tax. These costs can be difficult to anticipate. To help you, you can take out borrower insurance, which will help you pay your loan if you can no longer do so. This insurance will help you in certain cases, if you lose your job for example.

To find out which insurance to choose, the site Magnolia.fr can help you: it allows you to discover the best offers and is the number 1 comparator in mortgage loan insurance. Thanks to the information you enter in the comparator, the site will find the best offer that suits you. In addition, a team of 50 experts is available to support you in all your procedures. All for free.

Organize visits

To find out if your expectations correspond to reality, you will have to organize visits. For starters, don't be afraid to visit properties even if the listings don't seem very detailed. Blurry photos or small descriptions can hide a quality property.

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As soon as you spot a property you like, quickly organize a visit and do not hesitate to ask a lot of questions to gather as much information as possible.

Make an offer

If you fell in love with a property during a visit, do not hesitate to make an offer. Your speed will allow you to position yourself early, which will limit the competition. If your offer is accepted, you will sign a sales agreement. Be aware that a 10-day reflection period is granted after signing, in order to reassure you and be certain that you have made the right choice.