18 Jul If you want to buy a house, now is a good time
Do you want to invest in real estate? Have you thought that buying a home to rent can be a good investment? Do you need to change your house? Do you rent and think it is time to have your own home? Do you want to buy a second home, maybe in Madrid?
If this is what you are thinking, now is a good time to start. Searching for a home is not easy, it has its time frames, it requires dedication, specialization, patience and time availability.
It is a process in which we do not control all the phases, we can study the market, contact the property or agents, visit houses, negotiate, select the one we like and close an agreement, but perhaps the house we have decided on is not available immediately but in a few months. Also, there will probably be some improvements, updates or reforms to be made.
If, for example, you want to be living in your new home early 2019, now is the time to start the search. These are some of the things you should take into account to make the decision now and start the purchase process:
- Sale prices are still rising, it is better not wait for prices to hit market highs.
- Summer also exists, no one closes for holidays and the long days mean more daylight hours to visit houses.
- The owners will be more willing to close agreements and start the new school year with decisions made and budget availability.
- Good offers will not be available at the end of the summer.
- Two or three months can go by from the initial decision of purchase until finding the desired house.
- From the moment of reserving a house or signing a deposit contract, it is very possible that, for various reasons, you will not be able to sign the deed of sale until two or three months later.
- If any type of reform is needed, I will have to request budgets, approve them and carry out the works.
- And if the house needs total reform, I will need another four months after signing the deed of sale.
Between one phase and another, at least six months are needed to settle in a new house. You can shorten some phases, but only with a lot of dedication, professionalism and good negotiations.
If you are at this point of searching for a house, don’t be discouraged, now is a good moment. If you need help, lean on a Real Estate Personal Shopper, it will save you time, money, energy, paperwork and you will avoid many problems.
New year, new house. You can still get it.