What should you do before buying a house?

Choose the location of the property

The first step you should take, before buying a house, is deciding the location where you want to live. When considering locations, factors such as proximity to work, access to transportation, nearby services, schools for children, distance from support networks, and places you frequent should be taken into account.

So, you should make an analysis according to your specific case, weighing your current context against a future context. For example, if you use a car to get around, you won't have to worry if the location is close to transportation. However, if you plan on having a child and are buying a house for the future, remember that they will likely need to use transportation one day. Therefore, analyze all aspects to decide which area is most suitable for your household.  

2. Analyze proposals from different banks 

When deciding on the location, visiting properties, and choosing the house for which you want to make a housing credit proposal, the next step is to request different credit simulations. It is relevant to ask several banks to simulate the conditions of the housing credit, so you can analyze which one is the best for you.

At this stage, if you have multiple proposals on the table, you can make a comparison between what they offer you in each one.  

However, mortgage credit uses complex and unfamiliar terms for most first-time customers. Therefore, comparing credit simulations on your own can be complicated. In this process, you can count on the help of credit intermediation professionals from Poupança no Minuto, who are available to accompany you throughout the process and clarify all doubts, free of charge.  

3. Information is power

The more informed you are about the home buying process with a housing loan, the less risks you run. By understanding what the real estate agency, credit intermediary, or bank explain, you will more easily make decisions and avoid surprises.

Throughout the entire process of buying a property with bank financing, you may come across concepts such as spread, APR, APR, land registry, CPCV, among others. Some of these may be confusing, so it is important to inform yourself as much as possible beforehand.  

If you want closer and more personalized assistance, you can clarify issues with a credit intermediary Poupança no Minuto. By using this service, you first ensure your financial and negotiation capacity to go ahead with buying a house. Then, you have access to quick and assertive answers, allowing you to search for and visit properties simultaneously. Don't let lack of information stop you from negotiating your future dream home.

👉 Try our free simulator below and find out how much you can invest in buying your home in just a few minutes.