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Buying a Private Home: Tips for Making No Mistake!

Buying a Home from Individuals Saves Agency Expenses. But we Need to be Careful.


Buying a Private Home Tips for Making No Mistake!

Those who buy a house can choose to turn to a real estate agency or opt to buy the house from private individuals. The rules to follow, in this case, are important because the risks of buying should not be underestimated if the seller is a private individual.

If you buy a home without intermediaries you will need to keep in mind some fundamental aspects that will allow you to avoid future mistakes and problems. Here are the 5 rules for a safe purchase:
  1. Gather as much information as possible before you see your home
  2. Check the house carefully during the visit
  3. Evaluate restructuring costs
  4. Request home records
  5. Treat on price

To buy a private house you will therefore have to deal with the negotiation in person but you will avoid paying agency fees, which usually are between 2% and 5% of the value of the property.

With the spread of the internet and the emergence of sites dedicated to real estate ads, the search for a home has become easier and faster, even if it is not without risks. A lot of patience, then, and a good dose of prudence are the fundamental ingredients to make the right purchase. But let's first see the information to ask the owner before the visit.

Questions to Ask Before You See a Home


Before you see the house you are interested in you will have to ask a series of questions on the phone to understand if the property is in good standing or has any discrepancies.

When you contact the seller for the first time you will first have to ask if the property is fatalistically compliant: it means that the floor plan registered to the Register of Real Estate must be identical to the current arrangement of the house.

If the property is not analytically compliant you will not be able to apply for a mortgage and you will not find a notary who will agree to give you a deed.
The discrepancy can be heal-able or insanitary. In the first case, the discrepancy results from a simple redistribution of interior spaces (for example, an enlarged room): the situation can be regularized with a Scia in Sanatoria made by a surveyor paying a small burden to the municipality of the property, a burden that will be borne by the seller. The surveyor will design a new floor plan and deposit it to the system of land registration making the change on the Visura(curated marketplace that connects image buyers) of the property.

Inexpiable discrepancy, on the other hand, is a real abuse and cannot be regularized. Real estate of this type will be avoided.

Another important information concerns the origin of the property: you will have to ask if the current owner has purchased the property from a sale or if it comes from a succession, if it has already been paid and the situation is regular.

More complex is the case of the donation, because if you apply for a mortgage often the banks refuse to disburse it, this is because a possible heir within twenty years of the donation could claim rights to the donated property.

It is also important to ensure that the property is indeed a full property and there is no land rights or you have to make an after setting for the sale on the free market, the costs of which are borne by the seller but which could greatly lengthen the time of the deed.

Once you have asked the right questions you will have all the information to proceed and you can make an appointment to see the house.

What to Check During the Visit


When you visit the house you will have to pay attention to many aspects and get an idea not only about the house but also about the building, the neighborhood in which it is located and the neighborhood.

Among the aspects to be evaluated related to the property are the electrical system (which must be in compliance or have at least the boxes of the corrugated), the floors (check the quality and that there are no slopes) and the presence of mold at the corners of the ceilings or water leaks in the walls (the presence of moisture brings many problems).

Check the brightness of the rooms and, if possible, visit the house at different times of the day. You will need to carefully consider the exposure of the property so that you are sure you have the best light at the times you are at home.

Check the fixtures, if they are to be redone you will have to consider the cost, which can still be deducted up to 60% with the current rules.

Check the heating system or boiler if the heating is autonomous: is it new or should it be changed?

Consider the noise and if there are busy roads nearby: especially if you're on the low floors, you might hear noises coming from the street more easily.

Check the current state of the building: does the facade have visible cracks or have renovations been done? Do you need renovations?

Considering the cost of renovating the property or building: these will have a significant impact on the purchase price of the house.

Documents to Request from the Owner


If the house has passed the visit brilliantly, you can move on to the next step and ask the private seller for documentation of the property that you will need to carefully analyze to verify that everything is all right.

When buying a home from a private individual, the documents to be requested include:
  1. Plan and land floor plan
  2. Act of origin of the property
  3. Agility/Habitability (non-binding for purchase purposes)
  4. Prospect of condo installments
  5. Latest meetings and deliberations of the condominium
The floor plan is deposited at the register while the visura shows the property's property identifiers: the Sheet, the Particle.

You can easily check if the documents the owner provides are up to date by making an online land view.

The act of origin of the property will allow you to know if the current owner has come into possession of the property as a result of the sale, succession, donation or disposal of The Institution.

The documents of the house also allow you to know if the property has a surface right and if it can be sold at the free market price or postage is required in order to sell it.

How Much to Deal on Price


With the economic crisis that has affected the real estate sector in recent years, dealing with price when buying a house has now become a well-established practice.

In general, house prices continue to fall and we will have this trend until 2020 according to industry experts.

The basic price of the deal can go down quietly by 10% until it reaches 13-15% for properties that have been on the market for many months.

Banks, however, are less and less likely to lend, in fact they no longer provide 100% mortgages, and mortgage decisions take place at the banks' headquarters. That's why getting a mortgage is getting harder and harder.

However, consider that by buying privately you can save on the costs of real estate mediation and therefore you will have a greater margin in the final negotiation.

Auction Purchase: a Safe Alternative


If there is no doubt that buying a house from private individuals is very advantageous it is also true that there are many aspects to take into account and it is often impossible to think about everything. A viable alternative to buying privately is to participate in a real estate auction.

The price at which a house is offered at auction is much lower than the market price, sometimes as much as 20%. In addition, you do not have to pay the notary costs because the transfer of the property takes place by decree issued by the Judge.

There are several portals specializing in real estate telematics auctions that offer the convenience of bidding directly from your PC. Property listings contain all the information you need to make a safe purchase.

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