The first 5 steps in the purchasing process

No matter what we do or want to do, discipline and good organization are key factors for things to go well. It is important to do things one at a time, to take small steps and not to skip any phase.

Well, all this is also true when you are looking for a new apartment for sale in Sibiu. See in this material what the first steps in the purchasing process are and why it is good not to skip any.

1. Do you know what you want to buy?
Most people who are just starting out in buying a new home don't really know what they're looking for. Apartment? Do you prefer to buy a house? How many rooms? What area would you like to move to? All these aspects must be put down on paper and carefully analyzed. Only later will you know what you are looking for and you will focus on those properties that really interest you.

2. Set a list of priorities you expect from your new home.
The perfect home does not exist and you, too, will certainly have to make some compromises. So, make a list of things you can't or don't want to give up. You may not find a spacious apartment on the 2nd floor and you might have to decide if you are willing to make a compromise and move to a smaller one or if you change the floor. The list of such examples can go on and on.

3. Set a comfortable budget and a maximum budget. If you buy on credit, go to the bank.
Once you know exactly what you want to buy, check your wallet. Set a comfortable budget for the purchase, but also a maximum that you can not exceed no matter how much you like the property.
Also, if you are buying an apartment for sale with the help of a mortgage or Prima Casă, it is good to go to the bank from the beginning and discuss all the details. You will know exactly what your budget is, what the loan margin is, and other details. This way, you avoid the unpleasant situation in which you find an apartment that you like, but then you go to the bank and find out that you can't afford it. Do things practically and don't skip any steps.

4. Look for real estate offers. Ask for recommendations.
Whether you have decided to look for a new home on your own or have decided to work with a real estate agency, the search process itself begins only after the first steps have been completed.
Now you know what you want to buy, what you are looking for in a new home and what the comfortable budget is. You can contact the profile sites, filtering as accurately as possible what you are looking for. Do not start your journey with preconceptions and go see as many apartments for sale in Sibiu as possible. Only then will you really know if you like it or not.

5. Down payment. Documents. Notarial signings.
After you find the home you like, in the neighborhood you wanted, within the comfortable budget, the process of taking ownership of the property follows. A down payment is paid to the owner, and if the apartment is being bought using a loan, the bank procedures start. If the apartment is paid 100% in advance, an appointment is made to sign the contract at a notary’s office.
If you have opted for the purchase of a new apartment on credit, this process takes place in two steps. First, the advance related to the loan is paid (at least 5% in the case of Prima Casă or 15% in the case of a mortgage loan) when signing the pre-contract, and, only after registration, the bank procedures will begin and the appointment for signing the final contract will be made.

Our suggestion is to save time and make things as easy as possible by turning to a specialized real estate agency. This way, you will know for sure that you will not miss any offer, but you will also benefit from support regarding documents, etc.

See our complete real estate offer here.
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