Having or not the experience, people must understand what buyers go through, when they take all the steps that are involved in buying buildings. This is one of the reasons why the following lines are meant to offer some advice in order to transform this into a pleasant experience for the buyer.
1. Financing
The first step is to organize your budget and liquidity. If you do not have all the amount you wish to invest in buying a building, you can call a bank for a loan. You will need to choose the bank with which to collaborate and discuss with its representatives about the options you have available. The amount paid by the bank will depend on its conditions and your ability to return the loan.
Next, you have to decide which is the amount you wish to pay in advance, in which situation, you will have to sign a pre-contract. Finally, we must not forget and other costs involved, such as notary fees, property insurance (required if using a bank loan, optional, but recommended if you buy cash) tariffs involved for obtaining a loan application, agency commission.
2. Finding the property.
First, you should make a list a of criteria that must be fulfilled by the ideal property for you.If you wish to purchase a residential building (apartment, house, villa), location, number of rooms or area, proximity of means of transportation, number of parking spaces, proximity to parks, markets, schools, hospitals or police office are important.
If it is the case of an office space, the important criteria would be the type of the building, villa or office building, surface area, proximity to public transportation, the facilities offered by the owner of the space. For commercial buildings, surface and window space, its visibility, location in a crowded area, which generates traffic have the highest priority.
Finally, if you are interested in buying an industrial building, the criteria may be its location on a road that will allow access to heavy duty vehicles, if there are dock levelers,.. the height of the building is another important criterion.You will discover when you start seing buildings, the difference between the features that are necessary and those that would be interesting for a property to have.
Once you have established priorities, take a look on http://businesses-properties.com/buying-buildings and contact us and we will help you identify the type of building you need. The buying buildings section provides the most current representative offers all over Romania. This represents a good starting point, for most of the buildings are accompanied by short descriptions, so you will be able to get a picture of what you can find and how you position yourself in terms of the proposed budget for investment. Also, you can learn about the characteristics of properties which you can see through the attached pictures.
3. Seeing & inspecting
When you have seen a property that seems interesting, you just need to try and see it. It is recommended that after each viewing to make a list of pros and cons of each property. When you find one you like more, you can compare all the others to it, and when you find another that is favorite, that will become the standard.
Further, if you are interested in the property, you can request a meeting with the owner. We recommend you to seek professional advice before advancing any further in the process of buying a building.
4. The price.
At this stage, you will have to make an offer, which you think, the owner, will accept. It is good to take into account the values of similar properties in the area. You also need to study the condition in which the building presents itself, if it is a property that you may use right away, if sanitation improvements or even major investments have to be made. Crucial is, obviously your budget, the amount you’re willing to invest. This does not guarantee, however, that the owner will accept your offer, and until he will do so, the property will remain on the market.
5. The buying
When you have reached an agreement with the owner, it is necessary to carefully consider both legal documents, and the building itself. Finally, you have to sign a sale -purchase agreement at a Nottary office to become the owner. The length and terms of sale agreements differ from case to case, an agent, together with the notary will guide you for the transaction to proceed as safe as it can be, for you.
