When your home’s on the market, selling to a traditional buyer isn’t your only option. Learn all about selling to an investor, what to expect, and how to avoid scams. Learn more about your break even timeframe, amortization , fees and possible consequences for selling soon after purchasing. But as I looked at more and more properties and did more research, I saw houses that were outside my criteria but offered unique benefits.
- For example, you might have had a previous home repossessed, have a County Court Judgment or have been declared bankrupt.
- Insurance premiums vary, so get quotes from several companies or work with an insurance broker who can shop rates for you.
- Cosmetic changes are fairly easy and relatively affordable to make.
- Another factor is the amount of points you are willing to pay.
- They don’t have specific fees, and they are usually only contracted when a mortgage is opened to purchase the property with an approximate cost of 300 euros.
But by the end of the 90s, the situation somehow changed with the enactment of new laws that allowed expatriates to buy a house or an apartment. However, this is only limited to properties where the land on which the purchased building is located is not part of the sale contract. Television makes home renovations look easy, but in reality, they can be anything but. If you’re a first-time buyer who has never undertaken a home project, you may want to steer clear of a home in serious disrepair. The costs can add up quickly, and if the home needs structural work, it could delay your move-in, causing unnecessary stress.
Search for the right price
The longer a house has been on the market, the more power you may have to negotiate. Ideally, you should put 20% down so you can avoid paying private mortgage insurance —an extra monthly fee that could cost you thousands over the course of a year. If you’re a first-time home buyer, a 5–10% down payment is okay, but be ready to pay PMI. Of course, you could sign with the first agent you find online, which could take as little as a day, but it’s smart to take some time whenfinding a real estate agent. Do some research, come up withquestions for potential real estate agents, and check out their specialties and customer reviews. Agents are a great asset that cost you nothing, so find one you feel comfortable with.
