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What are the 5 mistakes to avoid to carry out a successful operation when buying a property - Infobae
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Cuáles son los 5 errores que hay que evitar para realizar una operación exitosa al comprar una propiedad
Es esencial sortear los desafíos al adquirir un inmueble, y para ello, los especialistas guían a los interesados. La decisión de comprar una casa marca un hito significativo en la vida de cualquier persona
www.infobae.com
April 2, 2024
It is essential to overcome the challenges when acquiring a property, and to do so, specialists guide those interested. The decision to buy a home marks a significant milestone in anyone's life.
By José Luis Cieri
Buying your first home involves several challenges that must be overcome. What must be taken into account so that the operation ends satisfactorily (Illustrative Image Infobae)
In the field of the real estate market, the purchase of a home constitutes a transcendental milestone in the life of any individual, not only because of the opportunity to enjoy it in the present, but also because of the possibility of making a long-term investment in the sector. There are various reasons that support making investment decisions in the current scenario of Argentina, which adds additional value to this crucial choice.
Currently, the housing market for sale offers a wide range of options, ranging from spacious residences in gated communities to modern urban properties, thus generating a practically unlimited range of possibilities.
In the city of Buenos Aires alone, there are almost 70,000 apartments, 5,300 houses and 500 PH for sale in the used property market, in addition to more than 50,000 under construction and in different degrees of progress.
Within this vast market, it is easy to become overwhelmed by the sheer number of options and make mistakes that could have long-term investment consequences.
Below are five mistakes that are crucial to avoid before proceeding with a home purchase.
Market analysis and purchase and sale ticket
Before you start examining properties for sale, it is essential to educate yourself about the current landscape of real estate business.Mateo García , residential director of Toribio Achával, recommended to Infobae that “this will allow us to understand house prices in the region, market trends and available financing options. Obtaining information about the real estate market can be achieved through specialized websites, periodical publications or by consulting a trusted real estate agent.
When you find the property that meets all the requirements you need and fits the value you can pay, it is the right time to make an offer.
“This offer represents the willingness to purchase and serves as a kind of reserve, which the seller can accept or reject. In case of acceptance, the property is removed from the sale to proceed with the corresponding procedures; In case of rejection, the seller must return the amount of money given,” said Jorge Toselli , from JT Inmobiliaria.
Signing the purchase-sale ticket is the next step once both parties agree to continue with the operation. This document reflects the bilateral promise, committing the seller and the interested party to carry out the operation, that is, to proceed with the deed. In addition, a significant sum is left as a deposit, generally equivalent to 25% of the total value of the property.
Toselli clarified: “If the interested party retracts, he loses the signal; If the seller retracts, he must return double the amount delivered. The ticket establishes the price, the date or deadline for the deed, the designation of the notary and the identification of the property, among other details.”
Overlooking the importance of location
Location is a key factor when considering purchasing a property. It is essential to select a home that is located in an area that meets the preferences and needs, taking into account aspects such as proximity to work, school, shops and services.
Other aspects, such as the orientation, the age of the home, the evolution of the neighborhood and the documentation of the property, play a fundamental role in decision-making
In addition, it is crucial to evaluate the safety of the environment and the convenience in terms of access to the city.
Key: evaluation of the condition of the home
When wondering how to buy a house in good condition, it is essential to examine various aspects.This includes inspection of the home's structure, heating, cooling and plumbing systems, as well as finishes. “For a more detailed and professional evaluation, it is recommended to hire a specialized inspector. This measure not only provides peace of mind, but also helps avoid unpleasant surprises and costly repairs in the future,” said García.
Ignore hidden costs
When buying, you should not only think about the sale price. You also need to consider hidden costs, such as taxes, registration fees, real estate agent fees, and expenses related to repairs and maintenance.
In addition, real estate developments have significantly transformed the landscape, offering a diversity of alternatives that fit a variety of tastes and needs, therefore it is key to follow advice (Photo: Pexels)
Toselli pointed out: “Before making a final decision, it is advisable to prepare a detailed budget that takes into account these additional factors.”
It is advised that all expenses are clearly specified in the reservation and are known by the buyer and the seller. For example: Who will be responsible for paying the notary's fees? Who will bear the cost of the Stamp Tax? What will be the payment method for the fees of the real estate agency involved?
Not planning for the future
When buying a home, it's crucial to think about the future. Do you have plans to start a family? Could you need more space in the coming years?García specified: “Considering aspects such as expansion potential, room layout, and space versatility will help make more informed decisions and ensure the home is compatible with your long-term goals.”
Differences
In CABA, unlike the majority of the country, the buyer must pay a real estate commission of 4% and the costs of the public deed of sale are shared, with 70% borne by the buyer and 30% borne by the seller. approximately.According to Mario Gómez , from Lebleu Negocios Inmobiliarios, “the main difference lies in the local tax that taxes operations with Stamps. There are different rates in each district and the non-taxable minimum is treated differently in the case of a single home in the jurisdiction.”
At the time of signing a purchase and sale transaction, the buyer pays the notary fees, the real estate fees (4% or 3% of the value set by the property) and half of the stamp tax (unless it is a single home). and permanent and have an exemption).
“The seller pays some notary expenses that correspond to him, the real estate fees (2% or 3%) and the Property Transfer Tax (ITI) or profits, as it depends, and 50% of the stamp tax ”Gómez concluded.
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