Are you ready to look for a new home? This is how you have to start!

Blog
19.03.2018
Are you ready to look for a new home? This is how you have to start!
19.03.2018

If you have already visited the website of the New Concept Living agency, chances are you have already thought that it’s the perfect time to buy a new home in Sibiu. Have you already been to viewings and studied a bit the real estate market in the city? Have you thought about exactly what it is that you want? Before starting the process, we recommend that you pay more attention to certain aspects.

Buying a new home involves a lot of time spent searching. After all, you are not buying a phone or a jacket, but it is the moment when you want to find a house for sale that adapts perfectly to your needs and fits within the budget you have allocated to the transaction. Of course, the experience of each buyer is always different, but here are three steps that any customer interested in a purchase must take.

1. Find the perfect real estate agent
You're probably wondering right now why you can't start your search on your own. Of course you can, but working with a real estate agent will save you money and time. He knows the real estate market very well, he can tell you everything you want to know about the good neighborhoods in Sibiu and, most importantly, he will help you with everything concerning documents, taxes, land registration, etc. It is very important to establish a very good collaboration relationship with a real estate agent from the very beginning, and if you have the right person at your side in this race, it is priceless.

Tell the agent what you want, explain the situation exactly as it is, talk to him about your family's financial situation, and then you will decide together which properties are worth viewing. The more properties you see, the faster you get an idea of the local market.
And if it happens that the property you wanted to view or buy is bought by someone else, don't get nervous. It’s natural and part of the process. Don't rush to make decisions and realize that you are not buying a new home every day, so it is normal to wait for the property which fits perfectly to what you are looking for.
Why is it good to only work with a real estate agent? Read all the details HERE.

2. Budget mathematics and bureaucracy
Many buyers need a mortgage loan to buy. Although the process of applying for a loan has become easier over time, it can be a challenge in the process of finding an apartment for sale in Sibiu, if you are not prepared.
You need to know from the beginning exactly what you can afford, what loan options you can apply for and whether or not these two criteria limit your search options. Go to the bank to see exactly what your financial situation is and make sure you get a pre-approval of the loan which you need to buy a house for sale before moving on.

Many buyers who come to our office find out along the way that they need more cash for the down payment, that the loan will not cover their purchase, or that the appraiser sets a smaller amount for the purchase. Some of them decide to wait a few more months to save some resources, so the situation can change completely.
This is another aspect that can be easier if you turn to a real estate agent: they know the banking procedures very well and will definitely recommend what is best for you.

3. Find and discover what suits you
Most of the time the buying process happens organically, but it can take even several months from the beginning of the search until the moment of signing the contract. Buyers start researching the market, they check several online ads, and the agent they contact shows them the homes available for sale, what their advantages and especially what the things are which determine the price difference.

It is the ideal time to look for homes in the neighborhoods you like best, to put on paper the pluses and minuses of the properties that arouse your interest and to eliminate the offers that do not even partially fulfill your list of properties. Most buyers already find a property at this stage, but if this does not happen and you are not in a hurry to buy, do not get nervous.
The real estate agent with whom you started your search will keep you up to date with the latest offers in the city, so when an apartment that suits your requirements is put up for sale, you will be able to go and see it immediately.
See all the apartments for sale in the New Concept Living portfolio HERE.

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