Purchasing property is a serious investment. Follow our top tips for buying property and you won’t go wrong.
Find a property expert
One of the best decisions a property buyer can make is to get in touch with a property expert. Real estate agents are perfectly positioned to help buyers find the right property. When you work with an agent, you benefit from their in-depth knowledge of the real estate market. They can help to make your property search simple and straightforward. An estate agent will meet with buyers to understand what they are looking for and at what budget, then make a list of options and organise viewings. This can be especially convenient if you are purchasing property in a different country.
Location, Location, Location
One of the most important decisions when purchasing property is the location of the property. Buyers should contemplate their lifestyle and transportation options. Those who enjoy the bustling energy of a metropolitan city should consider time and distance to get to work and school. Some prefer to do their commute by bike or other alternative transport, in which case one must consider not only distance but also safety of road options. Others who prefer to be in a less busy area might have to contend with longer commutes to work.
Understand your needs
Property buyers can easily become overwhelmed with the variety of real estate available on the market. A good way to get started is by writing down your needs, both right now and in 5-10 years. Some couples purchasing their first property might opt for a small apartment, but they would need something bigger if they choose to start a family down the line. This is another case where an estate agent can be of use, because they can advise on a market forecast should you purchase with a view to sell within 5-10 years.
First Time Buyers
Persons purchasing their first property might have a more limited budget, but this shouldn’t deter them. A good agent will be able to help no matter the budget. Your agent can also point out any government grants specifically aimed at helping first time property buyers get on the property ladder.
Second Time Buyers
It is very common for people to outgrow their first home and upgrade to another property. There are a number of different ways to do this – some want to sell their first property while searching for their second, others may choose to rent out their first property and also purchase another. There is no right or wrong way of doing this, but buyers should seek the advice of a real estate agent to be fully informed of their options and any tax breaks they may be entitled to while buying and selling. There may also be government schemes for second time buyers – your estate agent will be able to identify what is appropriate for your situation.
Buying in a different country
Purchasing property in a different country may seem like a particularly challenging task, but it doesn’t have to be daunting. Different countries have their own laws and rules about foreigners purchasing property, and you must also consider what requirements, permits and tax might be due. That’s why choosing a reputable estate agent is so important.
When you have set a goal to purchase property, you can accomplish it smoothly with the right guidance. Whether you are a first-time buyer, a second-time buyer, or buying property in a different country, our property experts are here to help. With an international team specialising in real estate, you are in safe hands. Get in touch with us to start your journey!