How to buy a property
When someone intends to make a vacation trip or even a business one in a different country, he makes sure to well choose the place where he is going to stay regarding all the services he may need. But what about choosing a permanent resident or even if it relates to investment, it is such much more complicated and what we should have consider that mistakes could be made during the purchase process and instead of being lucrative investment it turns to a great loss. So If we intend to avoid all the headache we may have through our ignorance, we should arrange our steps one follow another to get the best choice that satisfies us.
Be patient:
If you have decided to buy a property abroad, the first important advice is to be patient. Take your time; put all of your options on the table and compare. One of the most common mistake we may have is to opt for the first property we are shown just for hearing few words (oh, it’s a great opportunity, don't waste your time, it's the best….etc). Whenever you have new information, just go home and analyze deeply all the information you have together with a pure mind, it's a lot of money you pay. So Be Patient
Determine Your Needs
Concerned to the long term requirements, most of property buyers do not pay attention; ignore all the consequences of their purchase process, taking one advantage in concern over many defects. Here is someone decided to buy this property for its location for it's sea-view, without putting in mind other services. Transportation, schools, hospitals, shopping centers, malls, discos, restaurants, coffee-shops and much more of life activities are all primitive aspects of our choice. We must ask ourselves, what are our needs?. Share your vision with someone you trust to be sure you have all the ideas that none of them was dropped from your consideration. We should ask ourselves such questions; is it for investment or for permanent residence? Do I need a sea-view property? Do I need a mountain view? Do I need a populated one? Do I need a calm area? Do I need a swimming pool? .....etc. write down such a question in a peace of sheet with the most important at the top and answer them, for you will need it when you compare between areas.
Determine Your Budget
Once you configure and list your demands, we turn to the next step of how much money you can afford. Is it cash or just it would be a mortgage? If it’s a mortgage then you should put in your consideration the rental income of the property; most agencies raise the estimation of the rental income to push their clients to buy, so there should be a real acknowledgment of the area you are about to buy in.
Determine Your Aim
There is a quiet difference between residential properties and the investment ones. Are you going to buy for starting your own work!, for long term residence, for short tem residence (just for holidays), or for investment. Each type of the above has its own characterizations. To invest, for example, it's profitable to buy from the developer directly, or reserve yours from the off-plan projects. In our search process, the first aim we are trying to have is to get the best location, and that’s all about Location.
Gathering Information
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