As real estate spring ends, we return for you on the ten steps of an acquisition in stone.
1. The sales agreement
By signing this document, the seller agrees to sell you a property at a set price and you to buy it.
2. The search for credits
You can then proceed to search for real estate loans. The commercial proposals that will be provided to you are announcements of real estate rates issued by the banks. Several of these proposals need to be combined to obtain the best loan terms.
3. The mounting of the file
After having selected the best offer in line with your project, you will have to mount your file to convince your bank to finance you. The elements likely to play in your favor are, for example, income, savings capacity or professional stability.
4. The agreement of the bank
The bank will carefully study your file. Its endorsement is essential for your project to continue.
5. Opening an account
Prior to the issuance of the advance credit offer, banks generally require future buyers to open an account.
6. The loan offer
The bank sends you a preliminary credit offer containing the identity of the parties (lender, borrower, bond, if any) and the terms of the loan : type of loan, object, amount, total cost, total effective rate.
7. The reflection period
You have to study the offer of a minimum period of ten days after receipt.
8. Your agreement
After these ten days of reflection, you have a new deadline to return the offer. The validity date is indicated in the proposal.
9. The bill of sale
This is the document by which you actually become the owner of the property. The drafting and signing of the deed of sale must be done in the presence of a notary who will return you a title deed.
10. Repayment of monthly payments
The signed deed of sale, the payment of the first monthly payment comes a month later. It consists partly of capital and partly of interest.