Buying a new-build property involves numerous visits to the estate agent, the bank and the notary, and documents have to be requested and signed. There are tips for all of this that will make preparing for the property purchase much easier. In this article, we explain which questions you should ask when viewing a new-build property, which documents you need for the appointment with the bank and which documents you should request from the seller of the property. With the right preparation, you can avoid a lot of stress when buying a new-build property.
How do you go about buying a new-build property?
Buying a property usually follows an orderly process. Have you decided to buy a new-build apartment or house? Then you first need to check your financial situation. This is followed by financial advice. How much can you actually pay for a property and do you possibly need to make preparations to make your capital liquid?
Once you have clarified the financial aspects, you can look specifically at properties that are within your budget. Compare different new-build properties and finally decide on one. The preliminary contract will state whether you have to pay to reserve the property and what other agreements the seller and buyer have made. You then take care of financing your property purchase, speak to your trusted bank and obtain the property loan.
At the notary appointment, both parties sign the purchase contract, after which the entries are made in the land register.
What questions should you ask when buying a new-build apartment?
Buying a property involves a high financial outlay. You should ask the following important questions during the viewing of the new-build property:
- Is it in perfect condition and as good as new?
- What is the location of the apartment?
- What is the neighborhood like?
- Who is the property manager?
- What documents about the property can the property management company provide?
- How high are the ancillary costs incurred when buying the apartment?
What do you need to buy real estate?
If you decide to buy a new-build property, you will need various documents during the purchase process. For example, you will receive the energy performance certificate and the building plan of the property from the seller or estate agent. You will also receive documents such as the official cadastral map or an extract from the land register. There is also the building description, which gives you more information about the new-build property.
To apply for a loan from the bank, you will need your employment contract and proof of salary. If you have equity, you must also provide the necessary proof. The banks also regularly require proof of whether you already own other properties and whether you are currently paying off a loan.
You will need your identity card at the appointment with the notary. The notary will also need the extract from the land register, the building description and the parcel map.
