Buying Real Estate Archives - Gazit-Globe https://www.gazit-globe.com/category/buying-real-estate/ Any Real Estate Transactions Mon, 07 Nov 2022 12:30:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.1 https://www.gazit-globe.com/wp-content/uploads/2021/11/cropped-house-158500_640-32x32.png Buying Real Estate Archives - Gazit-Globe https://www.gazit-globe.com/category/buying-real-estate/ 32 32 Everything You Need to Know About Working With a Realtor in Burnaby https://www.gazit-globe.com/everything-you-need-to-know-about-working-with-a-realtor-in-burnaby/ Mon, 07 Nov 2022 12:30:34 +0000 https://www.gazit-globe.com/?p=2988 If you’re thinking of buying or selling a home in Burnaby, you’ll need to work with a realtor. But what do you need to know..

The post Everything You Need to Know About Working With a Realtor in Burnaby appeared first on Gazit-Globe.

]]>
If you’re thinking of buying or selling a home in Burnaby, you’ll need to work with a realtor. But what do you need to know about working with a realtor in Burnaby? In this blog post, we will discuss the services that realtors in Burnaby offer, how they can help you buy or sell a home, and the benefits of working with them compared to doing it yourself. We’ll also answer some common questions about working with a realtor in Burnaby, BC, and explain why you can trust them to keep your best interests at heart during the transaction process.

What services does a realtor in Burnaby offer?

A realtor in Burnaby is a professional who helps people buy and sell properties. When you want to buy a property, the realtor will help you find the right one for your needs and budget. They will also negotiate with the seller on your behalf to get the best price possible. If you’re selling a property, the realtor will help you set the right price and market the property to potential buyers. They will also handle all of the paperwork and legalities involved in the sale. In either case, a realtor can save you a lot of time and hassle. So if you’re thinking about buying or selling a property in Burnaby, be sure to contact a qualified realtor for assistance.

How can a realtor in Burnaby help you buy or sell a home?

As a licensed realtor in Burnaby, I am here to help you with all your real estate needs. Whether you are looking to buy your first home, sell your existing home, or invest in property, I can provide you with the knowledge and resources you need to make the best decisions for your situation. With over 20 years of experience in the industry, I have a deep understanding of the local market and can help you navigate the often-complex process of buying or selling a home. I am also a strong negotiator, and I will work tirelessly on your behalf to get you the best possible price for your home. If you are thinking about buying or selling a home in Burnaby, please don’t hesitate to contact me for a free consultation.

What are the benefits of working with a realtor in Burnaby compared to doing it yourself?

There are many benefits of working with a realtor in Burnaby compared to doing it yourself. For one thing, a realtor has extensive knowledge of the local market and can help you find the right property for your needs. They can also provide guidance on pricing, financing, and repairs, as well as handle all the paperwork associated with buying or selling a home. In addition, a realtor can be a valuable asset during negotiations, helping you to get the best possible price for your home. And finally, a realtor can provide valuable advice and support during what is often a stressful process. So if you’re thinking about buying or selling a home in Burnaby, working with a realtor is a smart choice.

How much does it cost to work with a realtor in Burnaby?

There is no one-size-fits-all answer to this question, as the cost of working with a realtor will vary depending on a number of factors. However, in general, most realtors will charge a commission of between 2.5% and 3% of the final sale price of the home. So, if you are selling a home for $500,000, you can expect to pay your realtor between $12,500 and $15,000. Of course, this is just a general estimate, and your realtor may charge more or less depending on their experience and the services they provide. In any case, it is always worth shopping around and getting multiple quotes before deciding to work with a particular realtor.

ALSO READ: How to Buy a House for a Family with Kids?

Can I trust that my realtor in Burnaby will keep my best interests at heart during the transaction process?

When it comes to real estate transactions, the most important thing is to find a realtor you can trust. After all, this person will be responsible for handling one of the biggest financial transactions of your life. So how can you know for sure that your realtor in Burnaby has your best interests at heart? First, ask around for recommendations. Talk to friends, family, and colleagues who have recently bought or sold property in the area. Once you have a few names, take the time to meet with each realtor and ask questions about their experience and approach to working with clients. Also be sure to ask about their communication style and whether they prefer to work with buyers or sellers. By taking the time to find the right realtor, you can rest assured knowing that your best interests will be kept front and center throughout the transaction process.

Whether you’re looking to buy your first home, upsize for a growing family, or investment property, working with a professional realtor who knows the ins and outs of the local market is crucial to finding your dream home. With so much on the line, it’s important to know what to expect before signing an agreement with a realtor. now that you know everything there is to about working with a realtor in Burnaby, are you ready to start your search? Contact us today and we’ll help you get started.

The post Everything You Need to Know About Working With a Realtor in Burnaby appeared first on Gazit-Globe.

]]>
How to Buy a House and Keep Your Marriage Strong? https://www.gazit-globe.com/how-to-buy-a-house-and-keep-your-marriage-strong/ Fri, 16 Sep 2022 08:40:32 +0000 https://www.gazit-globe.com/?p=2976 Buying a house or a flat is probably the biggest investment made by a couple during their family life. Though before it was popular to..

The post How to Buy a House and Keep Your Marriage Strong? appeared first on Gazit-Globe.

]]>
Buying a house or a flat is probably the biggest investment made by a couple during their family life. Though before it was popular to think about houses after getting married, today there is an increasing trend in buying real estate even still without an officially registered marriage. Anyway, both options imply mutual responsibility, sharing risks and ownership. Experts and creators of a popular Asian dating site in the USA observe how hundreds of young couples start their family journey and how many of them face the problems connected with buying houses. Today, they give tips to young couples on how to purchase real estate together and not quarrel.

Remember that you are doing it together

Well, it would be a nice movie scene to surprise your bae with the keys to a new house. However, in reality, when your spouse doesn’t have a fixed happy role to play (unlike an actress in a movie), she can have a very different reaction. Surprises definitely don’t suit the context of buying the main possession of your family. Your sweetheart can have very specific dreams about the house and maybe your ideal picture is very different from hers. In the worst case, she will keep criticizing the house here and there because she hates it. Then the thing that was supposed to unite you will instead separate both of you. 

Discuss and write down all the key points

As you are likely to have very different opinions on the ideal house, start with creating individual lists of must-haves. Write separately the things that you really need and the things that you want to have but you can survive without them. At the next stage, sit together and compare your lists. This process will help you quickly identify the most important points. It is likely that you missed something that you bae remembered and vice versa. However, some of the ideas will become a nice ground for a discussion. Try to understand each other and work as a team that is trying to achieve mutual prosperity. 

Start saving before you decide to buy

Of course, there are loans for buying real estate. However, you have to give back not only the loan but also pay interest on it while the real value of your house will only go down. If you plan to buy a house or flat, start to save money on it in advance. You can check your family budget, cook food at home and take your lunch to work, buy a mug and drink coffee at home. Of course, don’t make your life totally miserable, because it makes no sense to live in a nice house after ten years and have nothing to eat all this time before. Just remember that saving in advance will pay off, but stay reasonable. 

Take a loan wisely

First, you will have to make sure that your credit history is good, the credit history of both of you. So make sure you pay off your previous loans and make all the payments on time. This way you increase your purchasing power. 

Second, talk to the mortgage lender before you go to choose a house or flat. When you already have an approved budget, it gets way easier to choose real estate. You know what you can afford and avoid situations when you choose something that you love so much but that exceeds your budget. 

Third, stick to your budget. Yes, it may sound too simple to even mention. However, many couples follow their impulsive desire and buy a thing that they can’t normally afford. Then they don’t even have enough money for simple comfort. As a result, they start to stress and quarrel, which is no good. 

Make the house purchase a thing that brings you together

While you can start to quarrel about particular things, try to stay focused on the main idea: you buy a house for your family. Make the whole quest a challenging team mission for your couple. Tackle problems and find solutions together. And you will see that buying a home can be a very uniting experience. 

Find a professional real estate consultant

Real estate agents don’t take your money for no value. In reality, they fulfill a big part of your job. They take your vague requests and find options based on your budget. In the end, a real estate agent is the person that will help to strike a balance between the spouses’ interests and save the harmony and peace in your couple. 

The post How to Buy a House and Keep Your Marriage Strong? appeared first on Gazit-Globe.

]]>
How to Buy a House for a Family with Kids? https://www.gazit-globe.com/how-to-buy-a-house-for-a-family-with-kids/ Fri, 16 Sep 2022 08:36:19 +0000 https://www.gazit-globe.com/?p=2971 In our previous post, we discussed buying a house for a married couple. This time we want to tackle an even more sensitive topic –..

The post How to Buy a House for a Family with Kids? appeared first on Gazit-Globe.

]]>
In our previous post, we discussed buying a house for a married couple. This time we want to tackle an even more sensitive topic – buying a kid-friendly house. Kids need safety, joy, and space. And in addition to this, your house should also satisfy some kid-related needs, such as a quick commute to school and kid courses. So, let’s discuss all these things one after another. If you missed the previous post about real estate purchasing tips for young couples, take a look at it. It is definitely worth it. 

Make it safe

Well, the first your concern should be the safety of course. Kids are very energetic and playful. They can easily forget about being cautious, and hence it is your responsibility (as a parent) to make sure that they won’t hurt themselves in your new house. Whether you are buying a flat or a house, consider these safety tips for the rooms:

  • Make sure that all chemicals (cleaning products) are out of a kid’s reach. If you tend to store potentially dangerous products in lower cupboards, then invest in latches and locks, and always check that these doors are securely closed.
  • Make sure that all windows and the balcony have special cords and lockers that are always closed and out of the baby’s reach. 
  • Soften all edges (tables, chairs, cupboards, etc.) using special soft corners and bumpers. 
  • Remove all breakable objects out of the kid’s reach. 
  • Fasten all furniture to the walls so as to avoid the situation when a kid pulls the heavy piece of furniture over themselves. 
  • If you have a two-storeyed building, install baby gates to prevent toddlers from climbing and falling, or opt for a one-story building instead.

If you are buying a house, you will also have to think about the security of the outside part of your property. 

  • Think about fences as they don’t let your kid enter the road. Sometimes you will have to contact the homeowner’s association to get permission to put a fence. And never take a house that can’t have it. The fence is protection not only for your kids but for your dogs and cats as well. 
  • Choose areas that have low traffic and don’t face supermarkets as the chances that there will be cars are way higher. 

Make all bedrooms on one floor

In some houses, you can see a nursery placed on the second floor, while the main bedroom is on the first floor. In the end, you will be running up and down if your kids catch a cold or just have problems with sleep. 

Get a good view of the backyard

Kids are playing in the backyard, while the mom is cooking or cleaning. This is a popular scenario and hence it requires a good view of the playground. You need to be able to watch whatever they do while playing in the sandbox, having fun on the swing, or splashing in the pool. 

Think about cleaning in advance

Kids often mean a lot of mess. So plan your interior to make it faster to clean. Avoid carpets because they collect dust, and be careful with laminate because it can’t resist water. Use special safe paint on the walls or wallpaper that can be washed. 

Find a house that has a school nearby

Even if you just plan to have kids in the future or your kids are yet too small, still consider school districts. You need to check the quality and reviews on the schools as well as the convenience of commuting there. Consider how long it takes to take your kid to school and back home. Otherwise, you will be very stressed in the future trying to coordinate your work and your kids’ classes. 

Choose kid-friendly neighborhood places

If you are planning to have kids in the future or your kids are very small, pay attention to how the neighborhood is equipped for playing. Ideally, you need to have a park and a playground to have walks and play. Unfortunately, today it is way easier to find a house close to a supermarket and a pharmacy (they are everywhere) than a good playground or sports ground near your place. 

If you have your own house, consider building a kid-sized treehouse or a playhouse on your territory. Kids like to spend time outdoors and having a nice playground on your own territory will let them enjoy their games while still being under your close surveillance. 

Whether you are planning a child or already have one, it is important to consider all the kid-friendly features before buying a house or a flat. We hope that the tips above will help you make the right choice. Good luck with finding a nice house for your family!

The post How to Buy a House for a Family with Kids? appeared first on Gazit-Globe.

]]>
House renovation trends of 2022 https://www.gazit-globe.com/house-renovation-trends-of-2022/ Thu, 02 Jun 2022 11:51:07 +0000 https://www.gazit-globe.com/?p=2964 Just when people wanted to have a big house renovation last year, 2022 has prepared new trends and creative solutions for those who want to..

The post House renovation trends of 2022 appeared first on Gazit-Globe.

]]>
Just when people wanted to have a big house renovation last year, 2022 has prepared new trends and creative solutions for those who want to renovate their homes this year. Home renovations will be even more trendy this year. That is why it is time to check what new and modern solutions there are for home renovations if you are planning to change the style of your home this year.

Home renovations are always meant to change something in your home, add value to it, and make it more personal and aesthetically pleasing. You always need to consider that renovation is for the family. Therefore, when thinking about changing the style of your house, it is good to keep in mind that it will serve you for years. Below we have prepared some of the most trending styles and designs for home renovations in 2022.

Have a separate room for your home office

If you have a spare room at home that is not used, you can make it an office room. Even though we are in 2022, working from home is still a thing. And many people struggle to work in a living room, as it might not be productive for them. And if you don’t have a spare room, you can have a space in a place that you think will work best. Many people choose to have the working space in the living room and kitchen area.

Accent walls with bright wallpapers

Bold colors and beautiful colorful wallpapers are other new trends of 2022. When working from home, you have turned on the background wallpaper at least once, right? Having an accent wall with bright wallpaper will help you make your statement. This year’s wallpapers are not considered as old-fashioned. This is another way to bring a pop of color to your home while keeping the overall style.

Decorative glass

This year many people choose to have glass walls in their rooms. This kind of decoration can help you make your rooms seem bigger. Moreover, if you have windows in your rooms, glass can also add more light to the room. Decorative glass walls will also elevate the style of the rooms, making them more appealing and airy.

Change your kitchen cabinet color

If you have white kitchen cabinets, you might consider painting them in other colors, as this year, cabinets with colors are coming back. Depending on your color preferences, you can paint them any color. Don’t be afraid to add a pop of color to your kitchen. This year the colors green, blue, and gray are in trend.

Vintage

Adding elements of vintage items to your home will be another trendy thing to do this year. This way, you can add a unique and striking style to your home design. Thrifting can be a good choice if you opt for this option.

Make your master bathroom larger

The last couple of years has proven that having larger bathrooms is important for people who spend a lot of time here. Double counters and double sinks in the bathroom not only look luxurious and rich but also make more space for couples to do their stuff and keep their skincare and body care products in their own place. Walk-in showers can bring more elegance to the bathroom, and you will have more space to take long and enjoyable showers.

Black accent

There was a time when white was on trend, and everyone followed the all-white direction. However, this year a black accent on your home design would be the perfect finishing touch to your house renovation. Having black walls or cabinets should not intimidate you. It can bring more bold features to your place. And if you still don’t think that black is something you’d try, you can start with small details such as door handles, faucets, lamps, and etc.

Backyard

If you have a backyard that you haven’t used for enjoyable evenings, guitar singing near the firepit, or hanging out with your neighbors, this year’s renovation should include remodeling your backyard. You can use your backyard not only on special occasions but also every day. You can hang beautiful lights, bring outdoor sofas and coffee tables, add some swinging chairs, and perfect daytime and evening activities will be there for you.

Smart features

This year, people will also add a lot of smart gadgets to their homes, making their favorite place a smart home. Tech has become an incredible part of our lives. Adding smart features to your home will bring more convenience and ease to you whenever you leave home. Who doesn’t want a ready hot bathtub after work or a delicious coffee the first thing you reach home. Smart homes are no longer a futuristic thing but they are close to us than ever.

The bottom line

Whenever you are thinking about renovating your home, you certainly check what are the trends of the year. We hope this article helped you find out some of the latest trends and design ideas that will be on point this year and will continue to be trendy in the following few years. If you follow at least one of these trends, your home will surely become more beautiful and keep your guests in awe.

The post House renovation trends of 2022 appeared first on Gazit-Globe.

]]>
Four tips to help you buy a real estate https://www.gazit-globe.com/four-tips-to-help-you-buy-a-real-estate/ Thu, 02 Jun 2022 11:46:39 +0000 https://www.gazit-globe.com/?p=2959 Making a decision to buy a house comes to one’s mind at least once in his or her life. And there are certainly several factors..

The post Four tips to help you buy a real estate appeared first on Gazit-Globe.

]]>
Making a decision to buy a house comes to one’s mind at least once in his or her life. And there are certainly several factors that influence the decision-making process. Depending on people’s requirements, they can give importance to price, house sizes, styles, location, and so on. However, there are many important requirements that are in the first ranks of their requirement list. So what should you look for first, when buying a house? In this article, you will check some tips and advice that would help you make your decision faster and with more confidence.

Here’s what you need to take into account when buying a house

You need to take into consideration a few points when buying a house. Starting from how many bedrooms you want to have, the area of the outdoor space, and ending with the safety of the neighborhood. But how should you prioritize them from highest to lowest? The experts at promocodius.de have separated several important notes to keep in mind, and below are four essential factors to consider.

The location of your real estate

This is something everyone has heard before and it is surely the first important point to consider. One can’t change the location of their homes, which is why it is really important to think about it long before making your decision. When looking for a house, people always want to buy it in a nice area, with a safe neighborhood. Moreover, if the house is nearby many shopping and entertainment places, hospitals, and schools, it brings more advantages to the house. Many people who buy a house for the first time want to buy a house that is on a busy street or with power lines nearby just because the prices are lower that way. However, when you live in a house for a long time, you might be tired of those things, and you cannot change it unless you change your house. That is why having a location that fits best to your requirements is the best priority.

What’s the price tag?

When looking for a house, people have a certain budget in mind that they want to go over. Additionally, the monthly mortgage payments should also be suitable for you. And therefore, the price of the real estate can be the most essential factor that affects your decision. In a competitive market such as real estate, the prices of houses can be changed every day, even every hour. That is why, when checking the budget of the house, you should negotiate it with your realtor. And if you can afford something, it is not necessary to break the bank, as you can spend it on other household stuff, such as furniture, which is another unavoidable expense. Luckily there are many coupons and discount codes for you to find your desired furniture at a desirable cost. For example, the special promo codes from VidaXL can provide up to 11% discounts on your purchase, allowing you to use the saved money on something else.

The size and style of your dream home

Depending on the number of your family members, the size of your house may be another question to consider. It is surely worth considering taking into account your household growth. If you want to have a big family and live all together, having a big house is something you need to look for. As for the style of the house — many specialists advise considering several factors, such as what style you mostly like, how many floors you want to have, is the exterior design important for you, and etc.

Even though you don’t have any plans to grow your household, you can still consider the fact that it might change at some point, and in that case, your house will have enough room for all. Or, if you have a pool after a few years, will your household have enough space for it? And if you consider it earlier, you can expand your household whenever you want. Outdoor design or house renovation can be a great upgrade for your house. However, you should know that it won’t be cheap. That is why Aosom provides great coupons for those who want to have something fresh in your house.

What’s Nearby?

Nearby establishments and buildings can be another priority for people who want to buy a house. Especially, if you are moving with your kids or planning to have kids, checking for nearby schools should be a must.

Everyone would want their kids to go to a good and high-quality school. So it is necessary to have a closer look at what the nearing areas offer. Having a nearby shopping mall, grocery shops, and entertainment places can be a great advantage if you are planning to stay in that area for a long time. That is why you need to consider this point as well.

The bottom line

Starting from the list above, you can start looking for a house in a batch of checklists. However, keep in mind that buying a home is individual for everyone. Based on your requirements and price range, you need to determine which factors to prioritize and which are less important. A good realtor is the key here. They can assist you in finding the priorities and estimate the house you are looking at against those measures. The most important thing is to have a required list. And if the house doesn’t work, be prepared to leave. This can be difficult, but you’ll be grateful to yourself a few years after you settle down in your beloved home.

The post Four tips to help you buy a real estate appeared first on Gazit-Globe.

]]>
Self-Purchase Real Estate https://www.gazit-globe.com/self-purchase-real-estate/ https://www.gazit-globe.com/self-purchase-real-estate/#respond Sat, 21 Mar 2020 10:52:00 +0000 Realtors usually charge for their services for the purchase of the apartment from 1-4% depending on the apartment that the client wants to buy, the..

The post Self-Purchase Real Estate appeared first on Gazit-Globe.

]]>
Realtors usually charge for their services for the purchase of the apartment from 1-4% depending on the apartment that the client wants to buy, the location, the region and the greed of the realtor. Thus, you should remember that a professional and responsible realtor will undertake most of the work of searching for an apartment, checking the seller and the documents of the apartment, will help with registration of mortgage, will consult you on the terms of the sale-purchase contract and scheme of payment and acceptance of the apartment.

If you want to save money, in this article I will tell you how to buy an apartment without a realtor by yourself. I will try to describe all the main stages of the purchase and outline the main risks, so you can buy an apartment without a realtor and without losing your money.

Decide what you’re looking for

The question seems silly at first. The dialogue is usually like this:

  • What are you looking for?
  • Well, what are you looking for? A two-bedroom apartment.

And then the fun part starts. Many people have a rather vague idea of what kind of apartment they want, where it should be situated, what real financial possibilities the buyer has, etc.

So in order not to waste your time, make a small “rider” – your wishes concerning the future apartment. This list will include the following points:

  • Number of rooms
  • District or neighborhood
  • Floor/and
  • Presence of schools, kindergartens, health clinics, supermarkets
  • Distance to work
  • View from Windows
  • Your finances
  • Condition of the apartment

Of course, your vision may change during the inspection of apartments, but the initial list of requirements will save you a lot of time and effort.

Where to look for options of apartments for inspection and selection?

The most common way to find an apartment for your own home purchase is on websites. They publish a huge number of offers for apartments for sale. Be prepared for the fact that many ads are published not by the owners, but by real estate agents. Do not be confused by the fact that there may be several ads for one and the same apartment. This means that the apartment is being sold by several realtors or by the owner and the realtor.

Another common option is to look for offers for apartments for sale in specialized newspapers and magazines. Most advertisements in such publications are placed by the owners.

You should not ignore the various message boards on the Internet, where various advertisements are published, including those for the sale of housing. Technically it is long and hard to look through all the information, but if your goal is to find a dream apartment and save money, you should not neglect this option.

There are paid bases, but it’s your decision which way you should search for apartments. Free databases allow you to find a home for a longer period, but it is still possible. It happens that there are several offers of the same apartment. In that case, some of the listings were created by realtors, but still the owner is there too.

If you are sure about the area where you will live in the future, it makes sense to walk around the area and see ads for homes for sale on the porches and poles and other advertising media. This will kill two birds with one stone: you will closely examine the area of your future residence and you may find a great option for buying. You can even put up your own ads, if you have the time and desire. Option very expensive, but it works. We sometimes use it in our work, too, to fulfill the job of our client.

Another original option is your friends and acquaintances. But not their apartments, but the message boards of the organizations in which they work. If the organization is large, it’s 100% likely that apartment listings are published there. You can ask your friends and acquaintances to look at apartment listings on these boards and ask them to publish your ad to buy if you have already decided which apartment to buy.

The market of apartments for sale and purchase is very competitive, and you will often encounter a situation when, having called an advertisement for an apartment you liked, you will suddenly find out that it is sold out. You will be offered to look for another apartment or offer to find an apartment for you. The advice is simple – be patient and keep looking.

What you should pay attention to if you are planning to buy an apartment on your own without involving a realtor

Remember that you are buying an apartment for a long time. According to statistics, more than 80% of families live in the same place for 10 years or more. If you do not like something in the rented apartment, you will most likely have to deal with it for a long time. To avoid this, pay attention to the area where you live, how comfortable it is for you, how convenient it is for your children, what is the transport situation there, etc., etc.

What you need to pay attention to during the first inspection of the apartment.

Look at the condition of the apartment, will you have to make a major repair after the purchase, or you can confine yourself to cosmetic repairs. Remember that while you are renovating you will have to live in the apartment, or somewhere else. Examine everything carefully, don’t be shy. Your politeness may cost you a lot in the future.

Look at the apartment at different times of the day to understand its insolation, whether the location of the windows suits you, whether it is bright or dark enough. Notice the condition of the utilities. Pay attention to the neighbors’ front doors. In some cases this can tell you a lot about them.

Talk to the concierges, they can be a very helpful source of information about the seller and your future neighbors.

If you have a car, research the availability of parking. Determine for yourself where you will leave it.

And one more piece of advice. Even if you like your first apartment, look at a few more, just to make sure you pick the apartment of your dreams.

Documents needed to buy an apartment

When buying an apartment on your own, you should be very careful about the package of documents the seller gives you. We have prepared a list of documents that will help you buy an apartment without a realtor. So, the following documents may be required for drawing up a purchase and sale contract:

  • Certificate of state registration of ownership and/or up-to-date extract from the Unified State Register of Legal Entities;
  • Valid passports of all homeowners;
  • documents of title confirming the rights of the apartment owners (privatization contract, equity participation agreement, sale and purchase agreement, donation agreement, certificate of inheritance, court decision)
  • permission from child welfare authorities (if a child is the owner of the apartment or the share);
  • technical passport;
  • documents on legal capacity of the owners (dispensary certificates, driving licenses). As an alternative to conclude an agreement involving a notary, but you will have to pay extra;
  • Documents of absence of arrears in utility bills and taxes;
  • Notarized power of attorney from the seller to conclude the transaction (if necessary);
  • notarized consent of your spouse to the sale of the apartment or the court decision on the division of joint property, or a marriage contract, if the owner is married.

Advance payment when buying an apartment

The practice of paying a certain amount of money to the seller of an apartment you like is very common. If you want to buy an apartment without any experience, you should also pay close attention to this point. The payment of a certain sum of money to the seller is a kind of guarantee of the seriousness of the relationship of both parties to the contract of sale. In this case, the parties sign a preliminary agreement, a contract of deposit, an advance contract. The point of any of these contracts is to “reserve” the apartment for the buyer for a certain period. The seller at this time draws up the missing documents, such as certificates of absence of debts for housing and communal services, and the buyer collects money and/or arranges a mortgage.

We recommend concluding an agreement on the deposit, because if the seller refuses to sign the contract for the sale of the apartment, he will be obliged to pay twice the amount of the deposit. This can somewhat discipline the seller and make him stop actively looking for other buyers.

Registration of the transaction for the sale of real estate

If you want to buy an apartment without a realtor, you should use this step very responsibly. At the stage of signing the contract you should have all the documents mentioned above. If any of them are missing, then you should seriously question if the seller’s intentions are pure. In this case, it is better to postpone the deal or cancel it altogether, so as not to become a victim of fraud.

Before you sign, it would be highly advisable to get an extract from the Registry Office to make sure there are no encumbrances on the apartment.

Reconcile the data in passports, certificates, powers of attorney and extracts. Everywhere there should be the same person, right down to the letter. I’m not talking now about cases of fraud, but simply about elementary inattention.

If there are multiple owners, they all need to be specified in the contract of sale.

When drawing up the purchase agreement, carefully check the correctness of the passport data and the details of the apartment.

In the contract we shall check the price of the apartment, how to pay, how to sign the act of acceptance of the apartment, if there were people registered in the apartment, and when they should leave.

The stage of transferring the money is a very responsible one. It is best to pay through a safe deposit box, especially if you buy an apartment from an individual. This guarantees the safety of the money and your peace of mind.

Remember that after the seller receives the money, his efforts to fulfill the obligations he gave when he signed the contract can decrease dramatically. For example, he may suddenly have problems with the evacuation of the apartment, removal of his property, removal from the registry office.

Therefore, in the contract of sale and lease agreement for a safe deposit box should be specified order of payment for the apartment and a list of documents that the seller must present to the bank to get access to the safe deposit box with the money.

The post Self-Purchase Real Estate appeared first on Gazit-Globe.

]]>
https://www.gazit-globe.com/self-purchase-real-estate/feed/ 0
Is it Profitable to Buy Resort Real Estate? https://www.gazit-globe.com/is-it-profitable-to-buy-resort-real-estate/ https://www.gazit-globe.com/is-it-profitable-to-buy-resort-real-estate/#respond Fri, 20 Mar 2020 09:54:46 +0000 To answer the question of whether it is profitable to buy a resort property, you need to understand the purpose of purchase. The maintenance of..

The post Is it Profitable to Buy Resort Real Estate? appeared first on Gazit-Globe.

]]>
To answer the question of whether it is profitable to buy a resort property, you need to understand the purpose of purchase.

The maintenance of the apartments consists of the following items:

  • Maintenance of the common property of the complex.
  • Contributions to capital repairs.
  • Local property tax.
  • Garbage collection costs.
  • Electricity costs.
  • Water and Wastewater costs.
  • Internet and television.

On average, if you live for about 2 months a year, the cost to pay for a 1- to 2-room apartment will range from 450 euros to 3500 euros per year, depending on the country, the size of the apartment and the steepness of the complex where they are located.

When choosing an apartment we recommend to pay attention to the costs and find out before buying your holiday property.

How and when to examine properties before buying

We recommend examining options in season. This is especially true for the seaside properties. During this period, everything in the complex should be functioning. Elevators should be running, pools should be full and clean, lights should be on everywhere, hallways and grounds should be cleaned, stores and restaurants should be running.

If you come at a different time, then nothing or part of it will not work, because it is out of season. But it may not work simply because no one is engaged in the maintenance of the complex, and you will be told that in the summer, they say, everything will work at full capacity. Maybe so, and maybe not. The tenants in the complex may not be, and you will have no one to ask. In the summer you come to rest, and everything will look the same as in November, for example.

Is it profitable to buy real estate abroad for vacation?

In the case of buying an apartment for a vacation it is difficult to answer unequivocally whether it is profitable or not. If the property will be used 1-2 months a year or even less, then financially it is definitely not profitable. The cost of purchase and maintenance in this case will be much higher than the cost of paying for the hotel.

But many people do not always make decisions based on rational logic. Emotional aspect, too, should not be discounted. If it is important for you to come to your own place, to feel at home, to watch the sunrise or sunset from your own balcony, then considerations about finances and money can move into the background. Sometimes we have to make ourselves happy, even if the financiers will be shocked.

There is a category of people who buy real estate just to feel like they own a house or apartment abroad. Having property abroad gives some confidence in the future, and also allows you to feel like a citizen of the world.

Others buy property abroad to combine business with pleasure. In many countries, owning real estate allows you to get a residence permit or a long-term multiple-entry visa.

Development of resort real estate rental technology

Technology has played a huge role in driving the growth of the short-term rental market. Online apartment reservations on platforms like Airbnb, for example, make it easy for guests to book the apartment they want to stay in.

For owners, they provide an opportunity to tap into a huge, let’s face it, global tourist market and host guests from any country in their apartments.

If you are considering the purchase of a resort property, determine your purchase objectives and weigh the pros and cons. In a future article, we will discuss how to manage a property located in another country. This article will help you make a more informed and rational decision.

The post Is it Profitable to Buy Resort Real Estate? appeared first on Gazit-Globe.

]]>
https://www.gazit-globe.com/is-it-profitable-to-buy-resort-real-estate/feed/ 0