Buying a home, a dream certainly within your reach that all our Votre Maison teams will help you achieve.
To avoid mistakes and find the right property for you, you need to ask yourself the right questions :
1. Your asset, your motivation
Becoming a homeowner is a dream shared by 91% of French people. But make sure the time is right before investing all your savings. Notary fees represent, on average, 7% to 8% of the price of a property and are not displayed in the offers regularly offered. It takes six years, in general, to pay them off.
It is therefore better to avoid changing accommodation every two years and to buy when you feel ready to settle in a place for several years. It's all about strategy and depending on it may sometimes be better to stay a tenant. Those who have a good contribution can afford to start by acquiring a property within their reach and resell it after four or five years to buy a little bigger, and repeat the operation until they own the house or apartment. of their dreams.
2. Evaluate your input
Unsurprisingly, the higher the contribution, the more likely the buyer will be to have his credit application accepted and the more he will be able to negotiate low interest rates. Some banks require you to be able to finance at least 10% of the price of the property, enough to cover notary fees and the loan guarantee, others will be able to offer you loan solutions covering the entire investment.< br>
Nevertheless, 'some profiles do not pass the ramp, even with 10% contribution', this is the case of people who are often overdrawn, who have taken out 'revolving' loans or whose professional situation is unstable (fixed-term contracts, temporary workers, intermittent…). However, we will be able to direct you to our privileged partners to offer you tailor-made solutions.
Several assisted loans make it possible to boost its contribution, from 4,000 to 120,000 euros. Most are resource-tested: housing action loan (former 1% housing) for private sector employees, zero-rate loan (PTZ+) for low-income households buying new property, social accession loan or even loans offered by supplementary pension funds, mutual insurance companies and local authorities.
If necessary, your loved ones can give you a helping hand thanks to the family loan, which can be granted with or without interest. Beyond 1,500 euros, you must keep a written record that defines the duration, interest and repayment terms.
3. Identify your needs
Before going in search of your future residence, first define your financing plan and you can start your search according to realistic criteria. Identify your needs. The location of the property is essential: proximity to schools, shops, family, highways, associations, sports and cultural activities. Include your future travel expenses in your budget approach.
Also think about the medium term and include in your plans, for example, the arrival or departure of a child. In general, the New one costs more than the Old one, however it guarantees you the latest standards without however exonerating you from possible defects. Your local real estate expert Your House will direct you to the best selection of business.
4. Choose an agency or individuals ?
If you buy privately, you have to devote time to it, agree to travel, visit a lot of properties, but also be able to comb through the accommodation in search of defects and manage and check the administrative elements. .
It is a guarantee of security and a gain of serenity to contact an agency. Your House professionals master the prices of the local market, and daily follow the legislative developments related to real estate, their immersion in the local fabric will allow you to discover your future 'village' as well as possible, and to obtain the best price.
5. Optimize your visits !
The visit takes place with all the decision-makers, no “scout” strategy which can only sow discord….notebook and camera in hand.
Validate: the layout of the rooms, the exposure of the property, the condition of the walls, ceilings and roof, the presence of a sufficient number of electrical outlets, the VMC system, the insulation of doors and windows. .
it will be necessary to linger over the state of the building, the direct and indirect charges, the regulations of the area... Your Consultant Your House will present you with a technical file of the property presented including the mandatory diagnoses.
6. Make an offer yes! But...
Negotiations begin with solid arguments. A comparison of the prices at which similar properties in the area have recently sold can mark the ground.
To approach the negotiation in the best conditions, you have to have the strength to say: "Yes, I'm interested, but I won't go for that price." So to accept from the start to put a cross on the property of your dreams.
Contrary to popular belief, you should not always try to negotiate. If the price of the property has been correctly assessed, but you try to lower it on principle, it may pass under your nose
7. Conclude a sales agreement
Once your offer has been accepted, you will sign a preliminary contract with the seller setting out the conditions of the sale. Two options: the unilateral promise of sale and the more widespread compromise of sale. The signature commits both parties. However, suspensive conditions such as the refusal of a credit make it possible to put an end to the sale.
Clauses relating to the municipality's waiver of pre-emption, the mortgage status of the property or the obtaining of a building permit can also be included.
A security deposit of 10% (maximum) of the sale price is then paid into the notary's escrow account. The buyer has 10 days to withdraw, without reason, and recover the amount free of charge.
8. Negotiate the right financing
To benefit from the best possible conditions, compare the banks and play the competition. The easiest way is to entrust the task to a broker that we can recommend who is very familiar with current offers and able to negotiate good rates.
The operation will cost you nothing: this professional is only paid if you take out the loan he offers you. He then receives a sum equivalent to the bank charges, from which you will be exempted by borrowing through him.
You will also need to take out death and disability insurance, required by banks. Do not hesitate, once again, to play the competition. You are not obliged to take the insurance offered by the bank.
9. Realize the deed of sale
Three to four months after the preliminary contract, buyer and seller sign the final deed of sale. It is generally drawn up by the seller's notary, but the buyer can be assisted by his own.
In this case, the two notaries share the costs, at no additional cost to the buyer. This is the time to check that everything is in accordance with the preliminary contract, ensuring in particular that there has been no damage or change in the planning of the condominium works in the meantime.
Payment can then be made by bank transfer or bank check to the notary. It is at this time that the buyer collects the keys to the accommodation.
10. Optimize your work
Launch the quotes as soon as the compromise is signed. You will save time. To pay for the work at the best price, ask several craftsmen. The technical diagnostics provided during the sale allow you to know if the electricity, plumbing and insulation need to be brought up to standard.
Before starting, make sure with the town hall and/or the condominium that you have all the necessary authorizations.
To finance the operation, request a single loan for the purchase of the property and the work: this facilitates management and allows you to benefit from a better rate.
In order not to see the work drag on and strain your budget, consider, finally, to include late penalties in the contract that binds you to your craftsman.
