Buying a house requires a lot of time and effort, but these 10 steps can help make the home buying process manageable and help you make the best decisions possible. Some buyers will instinctively offer much lower than the asking price to begin with in order to test the water and will then work upwards towards a mutually agreed price, but much will depend on the circumstances of all parties in the process. For example, if you can afford to buy a house worth €250,000, your lender may lend you up to €225,000.
And best of all, it doesn’t cost you anything to use an agent – they’re compensated from the commission paid by the seller of the house. When I tried to set up the transfer, I was told I could not send the money electronically because my bank does not have a transfer agreement with my realtor’s bank.
You’ll need to hire a property solicitor or licensed conveyancer to handle the legal aspects of buying a property, known as conveyancing. A delay at the start of the chain causes problems further down the line, so expect a longer wait if the house is in a chain.
If you have to sell your own home before you can buy the new one, make your offer conditional on selling your current house by a date that you set. Part of your payment goes towards the principal (the amount the bank loaned you), and part of it is interest (the bank’s profit from lending you money).
The 4th House or Cancer sign and planet Moon in the astrology chart represents Land, House, property and real estate. One of the reasons that I am given most (after credit) when asked why someone isn’t buying their own home instead of renting is that the potential buyer doesn’t have the funds for a down payment.