Tips for home buying

CNN Money brings us some interesting introductory lessons on buying a home. One of them is regarding seeking professional help when buying a home.

With all the advice available on the Internet, it would seem really easy to buy a house without getting the advice of a lawyer or a realtor. Though it’s good for you to be informed and stay up to date with selling techniques, realtors and lawyers are the specialized people you need to turn to.

Start by findind a specialized agent to represent your interest in the search. It’s recommended that you hired someone specialized in the field you want to buy. What do we mean by this? If you want a vacation home abroad, seek a realtor from that region with connections in the market. If you want a luxury property, it’s best you searched a renowned realtor, because there’s a lot at stake.

Next start looking for a mortgage lender. Take your time, since you could be paying this loan for 30, even 40, years. Check rates and credentials of banks to see which is more trustworthy.

Also, always hire a lawyer to help you with all the legal paperwork.



Tips on buying luxury real estate


If you’re in the market for luxury real estate, you probably have reached a certain status that enables you to call all the shots. This is what you should do too when search your dream property. But take into account the usability that the newly acquired premises will have. Do you want a primary home? Or are you interested in acquired your third vacation home?

Secondly, it is important to analyze the current status of the real estate market. Ask your realtor about this, or better yet consult the press or specialized sites on the Internet. There are tones of them out there! Even if the economic markets are improving overall, there may be some areas or countries where it’s not really safe to invest. Accord to recent studies and reports issued by the Ministry of Housing, home sales in Spain have increased and acquisitions by foreign citizens are an important portion of this increase.

Think of the location of your future home. A water view home is really trendy right now, with your own private beach at your disposal. In Spain, Costa del Sol is the prime location for foreign citizens and expats from all over the world, especially Great Britain, the northern countries and Russia. Most of the luxury properties available for sale here are south-oriented to face the Mediterranean.

Privacy is a very important pre-requisite for buyers in the market for luxury real estate. Of course, you value privacy and a quiet resort, but you should consider not buying property in over-crowded resorts. Most properties on the Costa del Sol have state-of-the-art surveillance equipment and 24h security services for your privacy and protection.

That being said, you need to do extensive research before buying, and these above mentioned tips are just the tip of the iceberg for property purchasing. We will keep them coming, just to give you the whole picture!