Sevilla
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Buying a house in Seville It is an important decision that, in most cases, constitutes a significant investment. Nevertheless, choosing the final stretch of the year to take the step of becoming an owner can be an interesting moment, above all, as far as mortgage offers are concerned. If we take into account that Seville is the third most expensive Andalusian capital (1,987 euros / m²) and that in the province as a whole the price of used housing stood at 1,381 euros / m², according to the
monthly sales price report elaborated by the real estate portal flats.com, the economic question is not trivial.
Only in the last quarter of 2020, the Sevillian province registered a total of 4,306 home sale transactions.
The figures are even more encouraging if we look at the latest data available for the last quarter of 2021. Between July and September, according to the Real Estate Registry Statistics, 5,486 homes in the province as a whole, 823 of new construction and 4,663 of second hand. Of these, 39.26% correspond to operations carried out in the capital of Seville, 2.11% more than the previous year.
However, in the last month of 2021 there is still time to get the desired home. But to buy a home in Seville before the end of the year it is important have things clear and take firm steps to avoid delaying the process.
The first step: housing
The location, the characteristics, the price, the distribution … Being clear about the preferences when starting the search for the ideal home is the first step to cut time and reach the end of the year with homework done. You have to be realistic and, therefore, set a budget before starting the search It can help a lot to narrow down what type of homes are within your possibilities.
Knowing where to look is another fundamental aspect. Traditional real estate is an option, but there is more. Applications and specialized real estate portals such as piso.com are also great allies. In fact, practically the entire real estate offer is on the internet.
This type of platform allows a multitude of options to be incorporated into the search, not only in terms of location, but also in terms of
housing characteristics in question. Even it is possible to define notifications to be aware of all the news.
Financing and savings
Investment is a key factor in any home buying process in Seville. Although it is true that the final stretch of the year is a time prone to offering interesting financing options, it is no less accurate to say that, in general, banks do not grant more than 80% of the amount of the operation. That said, it is necessary to have at least a saving of the remaining 20%, as well as an additional 10% that will go towards expenses. If you do not have that 30%, it will be difficult to assume the purchase regardless of whether it is made before or after the end of the year.
With the budget more or less clear, consult the financing options available, as well as request the feasibility study of the mortgageBefore even choosing a firm property, it is also key to completing the operation successfully if time is short.
Documentation and deposit
Bureaucracy is one of the aspects that can delay a sale and purchase transaction. That is why it is essential to gather all the necessary documentation and have it ready so that, when the time comes, the procedures do not have to be delayed. From the DNI to the documents that demonstrate economic solvency in front of the bank, going through a simple note to verify that the ownership of the chosen home corresponds to the seller or that the house in question does not have charges, there are several papers that you will have to to locate.
It doesn’t hurt either get a signal or deposit contract. This document commits the operation by both parties, a guarantee that should be signed once you have found the house of your dreams, especially if you want to buy your home in Seville before the end of the year.
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