FAQ: Buyers

The “Buyers” category is designed to answer common questions for people who want to acquire a property, a plot of land or generally a real estate. This category includes questions about how to find a real estate agent, how much should be expected as a down payment, what type of inspections should be done before buying, how to know if a property is in a good neighborhood, how long the home buying process typically takes, and similar questions. This type of information is essential for real estate buyers, as it will help them make informed decisions and navigate the buying process confidently.

The home buying process can take anywhere from several weeks to several months, depending on the complexity of the transaction and the availability of financing.

Research the area by checking , school ratings, and the condition of nearby homes. You can also speak with local real estate agents or residents for their insight on the neighborhood.

It is recommended to have a general home inspection, as well as specific inspections such as a termite inspection, roof inspection.

The amount of the down payment can vary depending on the type of loan you are getting and the price of the property. Typically, a down payment of at least 20% is required, but there are also options for lower down payments with private mortgage insurance.

You can ask for recommendations from friends and family, search online, or check with local real estate associations for a list of agents in your area.

Both renting and buying have their own advantages and disadvantages. Renting provides flexibility and eliminates the risk of interest rates, but you will not have the ability to make changes to the property. Buying allows you to customize the property to your needs, but you will be responsible for any repairs or maintenance and may be affected by changes in interest rates. Ultimately, the best option for you will depend on your personal circumstances, such as your financial situation, the housing market in your area, and your long-term plans. It is important to consider all factors and consult with professionals before making a decision.

There are several factors to consider before buying a property. One of the most important is your financial situation. It is important to ensure you have enough savings to cover the down payment and expenses related to buying a property, such as closing costs. It's also important to make sure you have a good credit history and a stable cash flow to handle the mortgage payments. Additionally, it's important to consider if you have a plan to live in the property long-term, as buying a property is a long-term investment. Lastly, it's advisable to consider the local real estate market and current economic situation before making a purchase decision.

The price of housing in Marbella can vary significantly depending on the location, size and features of the property. According to data from 2021, the average price per square meter in Marbella is around 3,000 €. Therefore, a house of 100 square meters could cost around 300,000 €. However, it's important to note that this price can vary depending on the area and features of the property. For example, properties in the most exclusive areas of Marbella, such as the Golden Mile, can have significantly higher prices. Therefore, it's recommended to seek specific information about the real estate market in the area you're interested in.

Real estate investment refers to the purchase, possession, management, renting and/or selling of properties with the goal of obtaining income or profits. There are several ways to invest in real estate, some of which include:

Purchase of a property to rent it: This is one of the most common methods of real estate investment. The investor buys a property and rents it to a tenant with the goal of obtaining regular income in the form of rent.
Purchase of a property to sell it later at a higher price: This is another common method of real estate investment. The investor buys a property with the goal of selling it later at a higher price.
REIT or "Real Estate Investment Trust": this is a form of real estate investment that refers to an investment fund that specializes in investing in real estate, instead of stocks or bonds.
Crowdfunding real estate: This is a recent method of real estate investment in which a group of investors collaborate to purchase a property or real estate project.
Purchase of real estate in development: This is a method of real estate investment in which an investor buys a piece of land or a building with the goal of developing it and selling it later at a higher price.
Purchase of units in an apartment building or office building: This is a method of real estate investment that refers to the purchase of units in an apartment or office building with the goal of obtaining regular income in the form of rent.

Each of these methods has its own risks and benefits, and it is important that an investor thoroughly researches and understands any option before making an investment decision.