Buying your first home is exhilarating, but also a little frightening. Once you have a good grasp as to what your budget allows for buying a house, it’s time to decide on your location. Your agent will also have a standard Purchase Agreement to fill out, and will talk with you about any terms you might want to include in the offer, such as contingencies, inspection terms, etc.
When it comes to buying a house you need to pay attention to a number of variables ranging from price, location, condition, age and size of the property. Another way is to buy from a probate-property court sale normally done with a real estate agent. Be wary of a real estate agent who is on a rush to sell a property.
Remember to budget for the additional costs of buying a property , including conveyancing, surveys and – depending on the cost of the property and whether you’re a first-time buyer – stamp duty. This usually includes two years worth of pay stubs, all citizenship verification, and a letter stating what you will do with the money you are requesting in the loan.
After signing the contract and before the completion date of the sale, your solicitor raises some general queries about the property with the seller’s solicitor. ThiÐ°s means that you should also calculate the bank fees for the payment when buying property. When the property agent comes up with their list of potential houses you could purchase based on your criteria, you can organise with the sellers for inspections.
Realtors invest a lot of time and money to become qualified – you cannot become a realtor in Italy without years of study and qualifications. So of course are higher and as it the case with any realty operation, asking price is always higher than acceptable purchase price.