PRIMO PROPERTY, HOW DOES BUYING A NEW PROPERTY ?

How does buying a new property !

PRIMO PROPERTY, HOW DOES BUYING A NEW PROPERTY ?
PRIMO PROPERTY, HOW DOES BUYING A NEW PROPERTY ? 


A first-time homebuyer can benefit from a loan helped to buy a new property. Thus, this helped loan bears the name of zero loan rate.

ESSENTIALS ON THE ZERO RATE LOAN

For the first-time buyer, the Zero-Rate or PTZ Loan authorises the obtaining of a loan for the purchase of the principal residence, without payment of interest.

 The purchase must be made mainly in the new home market. The amount acquired depends on the living area, the composition of the household members and the income.

The purchase of real estate for a first-time buyer avoids the payment of interest as part of the repayment. In addition, the maximum amount available for the loan depends on resource conditions and the location of the property.

HOW TO BUY A NEW PROPERTY OFF-PLAN

The first-time buyer can buy off-plan or off-plan. VEFA stands for Sale in Future State of Completion.

This may concern an apartment or a house. The purchase plan engages the buyer vis-à-vis a promoter who promises in turn to carry out the construction.

In addition, the developer is subject to construction obligations.

THE ADVANTAGES OF BUYING ON PLAN

For the first-time buyer, the purchase on plan requires the promoter to respect several points. This includes the thermal and acoustic comfort, compliance with building standards, obtaining tax loopholes, access to a parking plan.

In addition, condominium fees are more affordable and notary fees are reduced.

BOOKING A NEW PROPERTY

With a first-time buyer or any other buyer profile, the promoter submits a reservation contract and the payment of a deposit.

A suspensive condition concerns the obtaining of the loan. If the credit is refused, the cancellation of the sale is made and the deposit is returned within 3 months.

ABOUT THE BILL OF SALE

The deed of sale of the new real estate requires the use of a notary. The bill of sale must specify several points.

These points include the description of the building or the part of the property sold.

The bill of sale also includes prices and terms of payment, the delivery period in the form of quarters and the guarantee of completion of the work.

PROCEDURES AFTER GRANTING THE LOAN TO THE FIRST-TIME BUYER

In the context of obtaining a first-time homebuyer's bank credit, it is the financial institution that installs the instalments.

 As the mortgage depends on the property built, the repayment of the loan is linked to the completion of the work.

During construction, the first-time buyer makes payments to interim interest. Interim interest is calculated over one year. They are associated with the borrowing rate relative to the sums granted by the bank.

For the first time buyer, the guarantees of a real estate purchase in the new one include the guarantee of perfect completion valid one year. This warranty ensures the repair of all defects discovered after delivery.


These mandatory guarantees also include the two-year two-year guarantee and the ten-year ten-year guarantee for the cover of a purchase in the new.

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