Buying real estate: 5 steps to know before launching

Like many French people, do you want to take advantage of exceptionally low mortgage rates to buy your new home? It's a good idea!

To accompany you in your approach, I propose a summary in 5 steps of what you need to know before you start.

Step 1: What does the property that I want to buy look like?

The 1^st object to do is to define the criteria of the property you are looking for. This will save you time for the future.

To help you, here are some of the questions to ask yourself:

• House, building plot or apartment?

• Old or new?

• Works or not?

• Geographical area?

If you buy as a couple, it is important to agree well from the start. Otherwise, your research may waltz the plates

Step 2: What is my budget?

Once you have defined exactly what you are looking for, will ask the question of the budget.

In reality, this question is twofold:

What budget can you afford?

Good to know: having an agreement in principle from your bank for a mortgage loan will be a real asset to your file. Indeed :

• it will reassure the seller of the seriousness of your offer (if you are competing with other buyers)

• and this will allow you, if you wish, to make an offer of purchase immediately, since you will know precisely your financial capacities.

Step 3: Find the good of your dreams!

Multiply your chances of finding your future home by getting help from experts near you!

• If you are considering a purchase in the old building or are looking for a building plot, create alerts in the "Square Habitat" app.

• If you prefer to buy a new home, contact the experts of Credit Agricola Immobilizer.

Step 4: That's it, you found? It's time to sign a compromise!

Have you initiated the accommodation of your dreams and you have agreed on a purchase price with the seller? So it's time to sign a promise or a sales agreement!

At this point, you agree to buy the good, but once the seller has also signed the compromise, you have a period of 7 days to reconsider your decision.

Use this time to finalize your file:

• Make an appointment with your bank advisor to complete your application for financing: can you benefit from assisted loans ( zero-interest loan, home savings, etc.)? Is it possible to have a mortgage that offers flexibility in repayments?

• Also be aware of any additional information that the seller would not have had time to provide you before the signing of the sales agreement (ex: mandatory diagnoses, minutes of the last general meetings of co-ownership).

Good to know: the final sale at the notary will take place a few weeks later.

Step 5: Choose the right loan and make sure!

To choose your mortgage, discover our advice in pictures.

Once your loan agreement is signed, do not forget to ensure your housing. Home insurance is essential for you to get the keys to your new home the day of appointment at the notary!

How to select the right insurance for your future home?

Good to know: we also offer remote monitoring solutions to protect your new home against burglaries