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The 8 definitive keys to choosing well and buying a home without errors or headaches - Infobae
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Las 8 claves definitivas para elegir bien y comprar una vivienda sin errores ni dolores de cabeza
En un mercado inmobiliario con signos de recuperación, pero aún sin crédito hipotecario, existen pasos vitales para la búsqueda y posterior adquisición de una propiedad
www.infobae.com
April 12, 2024
In a real estate market with signs of recovery, but still without mortgage credit, there are vital steps for the search and subsequent acquisition of a property
By José Luis Cieri
Property sales grew through the push of private savers. Mortgage credit is missing for the long-awaited total recovery of the real estate sector (Photo: Getty)
Argentina is going through considerable economic challenges such as high inflation, exchange rate volatility, exchange rate restrictions and fiscal pressures. These elements have a direct impact on the real estate market. Despite these obstacles, since the end of the year the segment experienced its best four months in the last six years.
This rebound is reflected in an increase in property sales nationwide. The records of the Notary Associations of the City of Buenos Aires and the province of Buenos Aires reveal a significant increase in the sector. In CABA, there was an increase of 27.3% in purchase and sale deeds in February (last month surveyed) compared to the previous year, while in the province there was an interannual increase of 8% and an increase of 34%. intermonthly.
Mariano García Malbrán , president of the Chamber of Real Estate Services Companies, highlighted to Infobae that “the outlook for the sector is broadly optimistic, despite recognizing that the volatile political situation could quickly alter the outlook. A clear example of this dynamic is the possibility that a legislative change, such as the disapproval of the DNU by the Chamber of Deputies, could nullify the repeal of the 2020 Rental Law, a measure that until now had a positive impact. in the market".
Thus, it is crucial that government strategies manage to stabilize the economy, control the value of the dollar and inflation to, among other possible benefits, lift the exchange rate.
Once the options have been virtually explored, the ideal is to make an in-person visit to choose the ideal home (Photo: Getty)
“A wage recomposition that improves purchasing power is essential, along with the appearance of new mortgage credit lines that contribute to mitigating the housing deficit. The first steps are being taken to try to get the financing to return to obtain a plan to buy a home,” García Malbrán added.
Real estate agencies report an increase in interest and more intense activity than that recorded a year ago. This dynamism is mainly attributed to people who have savings under their mattress .
For those searching for the ideal property, it is crucial to have a defined strategy that optimizes the process and ensures the best choice. By following these eight practical tips, interested parties can navigate the real estate market in search of their next home.
1 - How to search
It is key to take advantage of real estate portals. These platforms offer a wide catalog of properties available for purchase or rent. Using the available filters allows you to speed up the search, focusing on options that really fit the buyer's needs and budget.Mariana Lucángeli , a real estate expert, pointed out that it is key to “activate alerts for new listings. Configuring personalized notifications based on specific search criteria guarantees receiving real-time information about new properties on the market that meet the desired requirements.”
2 - Social networks
Expanding your search to social networks where listings are shared and contacting real estate agents can reveal unique opportunities not available on traditional portals.3 - Consult professionals
Real estate agents are valuable allies in the search. Your knowledge of the local market can be decisive in finding a property that meets your expectations and budget.4 - Use specialized mobile applications
These tools make searching easier by allowing users to explore options, save favorites, and contact advertisers directly and efficiently.
It is key to read the contract carefully before signing the purchase of a property (Photo: Freepik)
5 - Before, virtual visits
Before going to the property, virtual tours can offer a detailed first impression, saving time and allowing you to rule out options that do not meet the desired criteria.6 - Define preferences
Maintaining a list of clear requirements and preferences helps focus the search on properties that really meet expectations, avoiding wasting time with options that do not fit what is desired.7 - Be flexible and negotiate
While certain requirements may be non-negotiable, having a margin of flexibility can open up the range of possibilities and reveal unique opportunities that, despite not meeting all the criteria, could result in an excellent choice.It is essential to carry out a comparison of prices and attributes of similar properties in the area, which will provide a solid understanding of the market situation. If you discover a property that interests you, it is important to consider the possibility of negotiating both the cost and the terms of the lease or purchase contract. Opportunities to improve conditions may arise through effective negotiation.
8 - Read the contracts carefully
Before signing, it is essential to carefully examine the contract and understand each of the clauses and terms.If you have doubts, it is recommended to seek legal advice to have predictability and fairness of the conditions. The agreement about to be signed is for the future home, so it is not something that should be taken lightly.
“The search for the ideal home could require a lot of time and dedication, but by following the advice and making use of the available tools, the interested party will be in a better position to face this process. It is advisable to take advantage of the resources offered by real estate portals and mobile applications. As well as once the property has been selected, it is crucial to visit it personally and make decisions based on detailed and complete information,” said Lucángeli.
Perspectives
These tips not only make it easier to search for an ideal home but also guide buyers on how to proceed safely.García Malbrán concluded: “From the market perspective, there is a constant demand from investors seeking to protect their capital against inflation. They consider properties as a safe investment, expecting an appreciation in the value of the property in dollars of between 30 and 45% in two years.”
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