The #1 question ...
What are the steps
of buying a house?
Your questions answered
Common questions
Most of my clients are used to working with realtors who primarily focus on selling the properties they advertise. Often, these realtors push for a sale, leaving clients unsure whether their advice is genuinely in the client’s best interest or simply motivated by closing the deal. These are the types of concerns I hear frequently.
Why do I need a buyer agent?
Having a buyer’s agent can offer numerous advantages when purchasing a property, especially if you’re looking for your dream home.
The first, I believe, is for your Peace of Mind. With me as your buyer’s agent, you can navigate the complex and often overwhelming process of buying a home with confidence, knowing you have an expert advocating for your best interests.
I have local insights and access to listings, which will help you with market comparisons.
I will help you avoid costly mistakes, such as overpaying for a property, and help with practical terms and favorable conditions.
Buying a home can be an emotional process. I will provide objective advice, helping you stay focused on your goals and make rational decisions.
How long will it take to find my dream property?
Finding your dream property can vary significantly in time, depending on several factors. First, your Search needs to be realistic, including your wish list and budget. After our first call, I will indicate if adjustments need to be made.
If you’re searching in a highly desired area, finding a property that meets all your criteria could take longer. You might find your dream home more quickly in less competitive or up-and-coming locations.
If you have very particular requirements (e.g., specific architectural style, rare features, or a limited budget), finding a property that matches may take longer.
You might find a suitable property sooner if you’re more flexible with your requirements.
In ideal conditions, finding your dream property could take a few weeks to a few months. If your criteria are particular or market conditions are challenging, it could take six months to a year or more. Finding your dream property is a significant decision, so it’s essential to be patient and persistent. Rushing the process may lead to compromises you’ll regret later.
How do I know what I can spend on a home purchase?
I recommend assessing your financial situation in advance to avoid disappointment. If you’re unsure, consulting with a financial advisor, your home bank, or a mortgage broker can help you determine a realistic budget for your home purchase.
In Spain, it’s common for non-residents to receive a maximum mortgage financing of around 70% of the property’s purchase price. This means you would need to cover the remaining 30% of the property’s value with your own funds, plus any additional costs like taxes, legal fees, and property registration, which vary between 9% and 12%.
How much commission do you charge?
I charge 1 % + 21% tax on the expected purchase price. Please contact me for detailed conditions.
Can you help with mortgages?
I have an extended network of professionals who I can recommend.
Do I take a mortgage back home or in Spain?
Whether to take a mortgage in your home country or Spain depends on several factors, including interest rates, currency stability, legal considerations, and financial situation. Local banks in Spain are accustomed to working with foreign buyers, which might simplify the buying process.
It’s wise to consult with a financial advisor or mortgage broker. They can provide tailored advice based on your specific situation.
When is the right time to purchase?
In August, it’s common to see a decrease in the number of properties on the market, as many vendors are on holiday, making it more challenging to organize viewings. Similarly, December tends to be a busy time for holiday celebrations, which can also impact availability. Beyond these two months, any other time of the year is highly suitable for property-related activities.
