Evaluation of own financial possibilities
This needs to be done before they start looking.
Checking the status of your savings is very easy. Determining the amount you invest in the purchase is not so trivial. Always keep in mind that the price of real estate is not necessarily the only item that makes up the total investment.
Of course, the price of real estate is the most significant part of the investment, but also think of other costs.
Renovations, equipment costs, relocation costs, property acquisition tax and more can significantly increase the initial investment. It is therefore prudent to consider the purchase with consideration and to consider any accompanying costs in advance.
If you want to use a loan (mortgage and others) to acquire real estate, it is more than appropriate to visit a bank or contact a financial advisor at a time when you are starting to think about acquiring real estate. By pre-examining your own options, you will get a much better idea of how much you will get, how much you will repay per month, and you will also get a more accurate idea of what you will need to prove to the bank when applying for a loan. This way, you will also get the opportunity to react better and faster if you find a suitable property to buy.
It is still true that sellers and real estate intermediaries will appreciate if the applicant knows their options in advance and is able to prove their creditworthiness. In such a case, the sale can be significantly faster and many sellers are still willing to appreciate the quick action even with a discount from the sale price. The readiness and ability to act flexibly is therefore clearly your advantage.