Basics Of Home Buying

The most important investment you will ever make in life is probably the purchase of a property. Finding the right property can be a long and arduous process, but there is no getting around that.

Know Your Wants And Needs

Before embarking on your journey of property hunting, you must know what you really want to find. Sit down with pen and paper and list all the features you care most about, such as:

– Location (in a particular region and area)

– Size — how many bedrooms and bathrooms ?

– Parking — off or on road parking ?

– Style — villa or an apartment ?

– Heating — wall heating and/or air conditioning ?

Equally important, on a new sheet of paper list all the features you absolutely do not want in a house. For example:

– High-traffic area

– High noise area (airport, train station or motorway in close proximity)

– Maintenance — major repairs needed

As you look at properties, keep both lists in mind. Your lists may change over time as you do more looking. You’ll want to add or remove features, or perhaps you’ll become willing to make compromises. Realise that you most likely will not find the “perfect” home. Experienced homebuyers will tell you, perfect homes are not found, they are made perfect through hard work.

Find A Good Real Estate Agent

It is wise for the first time home buyers in Spain to work closely with a real estate agent, no matter what type of property you’re looking for. A knowledgeable real estate agent will make your house-hunting much easier. A good real estate agent is usually a good negotiator, and will be able to help you with the complicated Spanish regulations involved in placing an offer on a house and purchase.

It’s essential that you have a real estate agent working for you as the buyer, rather than relying on the seller’s agent for the house you want to buy. The latter can involve a conflict of interest, which usually works to your disadvantage.

To select a real estate agent, you should undertake research on the internet looking out for recommendations. See if there are any local online forums for the area you are looking at, these often provide a wealth of information from people that have tread the path you are embarking on. Find an agent you feel comfortable with and who is knowledgeable about the area you hope to buy in.

These are just a couple of basics of home buying. You will find many details you need to master as you move through the buying process, but having these basics under your belt will give you a head start.