In this blog we will explore the mistakes often made by enthusiastic buyers and offer insights on how to avoid pitfalls that can negatively impact the experience of purchasing a property. By understanding these mistakes, you'll be better prepared to make informed choices.

1. Not Setting a Realistic Budget:

There's no doubt that the main value to take into account is the price of the property, but don't be fooled, it's the main one but not the only one.

In addition to the price, it is also necessary to consider the costs of documentation, taxes, maintenance, condominium and even possible work/remodeling that the property may need. Without proper preparation, these costs can prove intolerable in the long term.

2. Not checking the condition of the property :

Don't limit yourself to the photographs, if possible visit the property and when you do don't rush, take your time to assess the property. Make sure that the property meets the requirements you are looking for and that everything is in full working order. A hasty inspection can lead to undetected problems, such as structural, electrical or plumbing issues. Ask for opinions if necessary. Take your time and reflect!

3. Do not search for the location of the property:

When buying a property you need to analyze the surrounding area. Aspects such as safety, local amenities, access to public services, schools and transportation are crucial to quality of life. You should evaluate these aspects and check whether or not they meet your needs and lifestyle.

4. Not having pre-approved credit:

In order to search more efficiently, you need to know your budget limit in advance. Without this knowledge, you may search for, visit or even choose a property that is outside your budget.

6. Not checking the property documentation:

Many buyers make the mistake of not reviewing the property documentation incurring unwelcome surprises. Some of these "surprises" can be the existence of mortgages, the property being pledged to the bank or even the property belonging to more than one person, with the sale depending on all these people.

7. Not Performing a Market Assessment:

Before buying a property carry out comprehensive market research to understand property prices in your desired area and how they vary over time. Failure to do so could result in you paying more than the market value.

8. Not Planning for Life Changes:

You should anticipate life changes that may happen or that you are planning, such as family growth, job changes or accessibility needs. The house should meet your future needs as well as your current ones.

9. Let yourself be carried away by Emotions:

Getting carried away by emotions when buying a house can result in impulsive decisions, going over budget and ignoring warning signs during the evaluation. To make a good choice/purchase you must be able to negotiate effectively and compare properties objectively, if you don't you could face post-purchase regrets.

Reflecting and making informed decisions are essential for a satisfactory choice.

10. Don't work with qualified professionals:

Procedural errors, misjudging the market and not understanding the terms and clauses negotiated, these are just a few examples of mistakes you can make when you decide not to collaborate with qualified professionals, such as real estate agents and lawyers specializing in real estate transactions. Making these mistakes can make the buying process more difficult or, worse, lead you to make a purchase that will cause you problems in the future.

These professionals are there to help you, don't hesitate to consult them.