1. Apply for a mortgage loan at your bank
It is only when the loan promise is in place you can start looking for real accommodation and know what you can afford to buy. Already here it is good to compare mortgage rates and the terms of the banks. Either you contact the banks yourself or help with, for example, pre approved loan who can compare the banks to you.
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2. Go to Inspection
Here it is often short of time and a lot to think about. Everything from your duty of investigation to operating costs. Not least, the feeling must come true too. Try to get as prepared as possible to the view by reading about the house before so that you can ask the broker if something is unclear. If you look at a house where there is an inspection protocol, it’s good to have read it too.
3. Credit and mortgage
These are two things that can be two quite large additional costs of buying a house. If you borrow to buy, there must be a mortgage on the same amount as your loan.
4. Bidding
Do you feel so good that you want the house to be yours? Then it’s time to bid! Determine before bidding starts how far you are prepared to join. Try to stick to it, and stay above all what the bank said as the maximum price in your loan agreement. Bidding easily becomes a contest where it’s easy to lose the sense of money’s actual value. But it’s your money it’s about and you’re paying for it in the end.
5. Contact the bank again
Were you the lucky winner? Congratulations!
Once you have won the bidding and before signing a contract, the bank usually wants you to check that they can make sure the house is available for loan.
6. Inspection
Then it’s time for contract writing, but first you have to decide on the inspection of the house. There may be clever things like creeps, chimneys and sewers to be checked.
If you do not want to inspect the house before the contract is signed, it is important that you now talk to the broker about the possibility of signing a purchase contract with the condition that you will be given a retrospective check. Should there be any significant error on the house during the inspection, you may have the opportunity to negotiate the price.
7. Write purchase contract
Only now are you connecting to the purchase. The inspection / your duty to investigate shall be done, or you must have agreed that you may do so afterwards. Now you also talk about the date of access and when you pay the deposit, which usually amounts to 10% of the purchase price. Feeling unclear, do not be afraid to ask questions!
8. Plan your mortgage with the bank
A month before the planned entry, you need to discuss how to put up your loans with your contact at the bank. If you do not know how to put it up, you can get advice from your bank account. It is important that all paper is in order so that everything flows smoothly on the day of access.
9. Plan ahead of the move
There are many things left that you need to arrange before moving. You need:
- Make a migration report
- Subscription for waste collection – By law, all homeowners are obliged to have it. Most often, you take over the subscription that the previous owner had. Take a look at the municipality’s website to see where you are going to live.
- Plan the move . If you need to hire a moving company, it may be good to book in time.
- Arrange home insurance
10. The date of access is here!
At last it’s time! All preparations are ready, and the day has come when the deal is completed and you get the keys to your new home. You might even get the contract writing in a full-flown truck.
Now you sign under the final transfer agreement and you pay the rest of the purchase price. If you meet the broker’s office, your bank is in the background and handles the transfer of the money.
