Why is it important to consult a property consultant?
Consulting a real estate agent is crucial for a number of reasons. Here are some of the most important ones:
- Experience and Market Knowledge: Real estate agents have in-depth knowledge of the local market, including price trends, developing neighborhoods and the best investment opportunities. This knowledge can help you make informed decisions.
- Access to Listings and Resources: Agents have access to property listings that are not always available to the general public. They can provide you with exclusive information and help you find properties that fit your needs and budget.
- Effective Negotiation: A good real estate agent has negotiation skills that can help you get the best possible price, whether you are buying or selling a property. They can handle negotiations in a professional and emotionally detached manner, which can be beneficial in closing a good deal.
- Legal Knowledge and Documentation: The process of buying or selling a property involves a lot of paperwork and legal requirements. A real estate agent knows all the necessary documents and can make sure that everything is handled correctly, avoiding legal problems in the future.
- Property Appraisal: Agents can help you assess the real value of a property. They have the tools and knowledge to make market comparisons and determine if a property is overvalued or undervalued.
- Personalised Advice: A real estate agent can provide you with personalised advice based on your specific needs and circumstances. They can help you identify what you really need and guide you in the right direction.
- Network of Contacts: Agents have a wide network of contacts in the industry, including property inspectors, lenders, lawyers and contractors. They can recommend reliable professionals and help you coordinate all aspects of the purchase or sale.
- Time and Effort Savings: Searching for properties, scheduling viewings, and handling all communications and negotiations can be a long and stressful process. A real estate agent can take care of these details, allowing you to save time and effort.
- Post-Sale Assistance: Even after the deal closes, a good agent can continue to offer you support, such as property maintenance advice, tax information and local service recommendations.
- Safety and Security: By working with a real estate agent, you have an additional layer of safety and security. They can identify potential fraud or scams and ensure that all transactions are conducted in a safe and legal manner.
Having the support of an experienced real estate agent can make a big difference in your property buying or selling experience, ensuring that the process is smoother, more efficient and satisfying.
What kind of guarantees does the developer offer?
Developers usually offer warranties on the quality of construction and finishes, which can vary from 1 to 5 years depending on the type of defect or problem. It is important to review these warranties in detail.
When can I take possession of the property?
The date of delivery of the property should be clearly specified in the purchase contract. This date may be subject to change, but the contract should include provisions for handling possible delays.
What if I want to sell the property before construction is completed?
Some developers allow assignment of rights, which allows you to sell your pre-sale contract to another buyer. It is important to check whether this option is available and what the specific terms are.
How is the quality of construction ensured?
The quality of construction is ensured by checking the developer’s reputation and experience, as well as inspecting the materials and construction techniques used. You can also ask for references from other projects completed by the same developer.
What happens if the project is delayed or not completed?
You should ensure that the purchase contract includes clauses that protect your interests in the event of delays or non-performance of the project. These clauses may include the return of payments made or compensation for delays.
How is the payment for a pre-sale property structured?
The payment is usually structured in several stages: a down payment, intermediate payments during the construction process, and a final payment upon handover of the property.
What is a pre-sale property?
A pre-sale property is a property that is sold before construction has been completed. Developers offer these properties at a reduced price in order to finance the construction.
What are the advantages of buying a pre-sale property?
The main advantages include lower prices compared to finished properties, the ability to choose finishes and customise some aspects of the design, and a potential appreciation in the value of the property once it is completed.
What are the risks associated with buying a pre-sale property?
Risks can include construction delays, changes in development plans, and the possibility that the developer will not meet expectations or even complete the project. It is crucial to investigate the developer’s reputation and track record.
What documents should I check before buying a pre-sale property?
It is important to review the purchase contract, building plans and specifications, building licenses and permits, and any documents that guarantee the handover of the property. It is also advisable to consult a lawyer to ensure that all documents are in order.
What is the down payment and how much do I have to pay?
The down payment is a down payment that secures your commitment to purchase. The amount of the down payment can vary, but generally ranges from 10% to 30% of the total value of the property.