Tips for buying a used home. Do not be fooled!

The First Art Newspaper on the Net    Established in 1996 Thursday, June 20, 2024

Tips for buying a used home. Do not be fooled!

Want to buy a used property? Acquiring a used property means having a space to build your dreams, to materialize your biggest projects. It means having a place of your own, perhaps one where your family grows, where you live emotional moments, days full of joy or strength. We recognize the importance of this step, and even more so when it comes to buying a house that is several years old. That is why we prepare these tips for you to make the best decision. Let us begin!

Check the house very well
Buying a used property has multiple benefits. Among others, a privileged location within the city, a better price than that of new projects and more square meters. However, you must pay attention to the details.

Check that the gas and water pipes are in good condition. Check that everything is working correctly, for example, that there is no humidity or problems with the door locks. It would also be convenient to visit the house at different times of the day, so you will know if it has good lighting, if the heat of the sun is concentrated or if your neighbors are noisy.

Who owns the property?
This is a very important step! Make sure you know who the legal owner of the home really is. To know this information it is necessary that you request its certificate. This document will clarify the legal status of the place, allowing you to know if it is free of mortgages or liens. Today you can take advantage of online platforms like They are very useful in connecting buyers with property owners so that both parties can formulate win-win solution steps in a used house transaction. The platforms also provide very complete information about interesting properties that are for sale in your area/city.

Check the house
Suspicion of properties that are offered at a price below those of the market. The discount is likely due to the home having outstanding debts or being in poor condition. To verify that the value of a house is fair, compare the prices of others that are for sale in the same sector, and that have similar characteristics. So that what the saying says: "cheap is expensive" does not happen to you, we recommend that you consult the reference price of the property.

What if the used home is in a building?
If the property is in horizontal property (building or complex) we recommend you inquire about the administration fees or possible debts that you may acquire in the future. What if they are thinking of fixing the elevators or modifying a common area?
Tip: neighbors are key. Remember that when you live in a horizontal property, it will be useful to know if your neighbors are problematic or if the joint ownership represents expenses that you have not contemplated. It is better to take a space to talk to them.

After these four tips, are you ready to buy a used home? If so, we recommend that you start inquiring about the possibility of obtaining a mortgage loan. Find an estimate of your monthly payment by having a form of financing with a mortgage credit simulator. Good luck and thank you for reading!

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