Buying a property is an important step in life, and that is why it is essential to buy it from Prestige Elm Park to do it will. Whether to live there or with a view to renting out the property, buying a home takes time and must be carefully considered.

We reveal to you today the essential steps when buying a property, from the genesis of the project to its realization. Follow our advice to ensure the successful acquisition of your future apartment or house!


Step 1 – Clearly define your real estate purchase project

When you buy a property, the first step is to define why you want to buy and what your needs are. Whether for an apartment or a house, new or old, the 2 main reasons for buying a property are either to live there or to rent it out. According to these two criteria, your selection choices will not be the same.

Buying a property for yourself means being demanding for yourself, and therefore your criteria will be precise and unique. Buying a property for rental means being more open to proposals, because your future home must be likely to appeal to as many people as possible.

It is necessary that you write down your criteria to know precisely what you are looking for and perhaps to be able to revise these objectives once the search has been launched. These criteria can be the number of bedrooms, whether the kitchen is open or closed, with land or without land, the minimum number of rooms, the geographical area... and of course: whether you want to buy an apartment or a house.

Be careful, however, to remain reasonable according to the budget you can devote to it. Sacrifices on your criteria may be expected.

Step 2 – Properly estimate your purchasing power

Once you have determined what you are looking for, you can define a precise budget to buy your future property. However, it is not enough to set a selling price limit in the purchase of a property. Several criteria should be taken into account when thinking about the potential financing of your project:

The price of the property  :

This seems obvious, but it is important to remember that depending on your requirements, the sale price of a property is different. It is by clearly defining this first criterion that you can then define the amount of a potential mortgage for the purchase of an apartment or a house.

Your borrowing capacity  :

We told you about it earlier: the loan or mortgage is often a necessary step in the acquisition of an apartment or a house, and this is the reason why it should not be neglected. Calculating your borrowing capacity before starting your research ensures that you are well-prepared. Thus, you will be sure to make the best choice of credit.

Step 3 - Start your research

That's it, you know exactly what property you are looking for and what maximum budget you can devote to it: it's time to start your search! You can go to an agency and present your real estate purchase project to an agent, or do your research on specialized sites.

Step 4 – The visit of your future real estate purchase

The visit of a Prestige Elm Park Whitefield, for the purchase as for the rental, is an essential step that should not be neglected. Do not hesitate to select several properties. The purpose of these visits is not necessarily to find your future real estate purchase the first time, but also to help you determine what you are really looking for.

Write down any questions you may have during the visit to avoid unpleasant surprises. Floors, ceilings, cellar, garage… Be curious, make sure the electrical installations are working properly, and don't hesitate to ask the seller for property diagnostics.

We also recommend that you do not simply evaluate the property, but also the neighborhood in which it is located, nearby transport, the possibility of parking, shops...

Step 5 – Make an offer and sign the compromise or the promise of sale

Are you projecting yourself into a particular property and wish to proceed with the purchase of this property? It is now necessary to make an offer to the seller, and this can also go through a negotiation. If the sale price of the property seems above the market, a negotiation of the price can be envisaged. We recommend that you formalize the offer in writing and specify a period of validity for this offer.

From the moment the seller accepts the offer, whether the price has been revised in relation to the initial sale price, a period of one to several weeks is to be expected for the signing of a compromise or a promise. You will then have 10 days of reflection granted after signing the said contract to be able to reconsider your decision. After this period, the right of withdrawal will still be valid, but costs will be payable.