General Information For First Time Home Buyers.

  1. Make an appointment with your financial institution if in need of mortgage to verify the amount for which you qualify. (Bank, pension fund, insurance company or other.)
  2. Make sure to ask, the financial institution, what for related documents you need for
  3. your financial (loan/mortgage) evaluation.
  4. Once you have an indication of the finances you can acquire, you can start shopping around.
  5. Visit the several real estate and developers web-sites or individual owners and find out what is available in your price range.
  6. Pick out the ones you like most and contact the several real estate agents/brokers/developer or owner for you to visit and see the respective properties.
  7. Once you have made your decision, make an offer.
  8. If your offer is accepted by the realtor/seller, have him/her make you an official offer and if possible with an updated appraisal report. (not older than 6 months)
  9. If the property needs maintenance and or repairs, get a technical inspection from a reliable source, architect or builder, for the estimated cost involved for such maintenance and or repairs
  10. If you will like to alternate/remodel parts of the dwelling, contact a reputable contractor to give you an offer for the cost of the remodeling.
  11. Once you have the necessary related documents, revisit your financial institution for a (if possible) written (pre) approval.
  12. When you have above mentioned approval you can enter into a buy/sell agreement for the property with the owner or the representing realtor.
  13. You have the right as buyer to appoint one of the four local notaries to make the official/legal property transfer.
  14. If you don’t have a prefer notary, the realtor/seller can advise you on a choice.
  15. Good luck with your endeavor of owning/buying your own home.