Defining your objective (budget, process)
It is crucial to know what specific budget you're able to allocate to your purchase (calculate the amount, monthly repayments or loan duration - see SNPI (French property syndicate) - use Junot's calculator). You're going to need to meet with your banker, who will discuss your loan limit, depending on your income and any potential loans already in place. You may also consult a mortgage broker who will source the best market rate for you (request a loan calculation from one of Junot's partnering mortgage brokers)
Bear in mind that registration fees (collectively called "notary's fees") equating to approximately 7% of the sale price, and, if applicable, renovation costs need to be added to the original purchase price. If you are already a property owner, it is essential to work with a realistic estimate of the value of your property (request a property valuation) so you know the specific budget you have at your disposal.
You also need to determine in what sequence you want to realise your objective: sell before buying to avoid risk, but possibly entailing an interim move, or buy before selling, entailing a bridging loan. This demonstrates the importance of an accurate valuation of your property. Request a valuation of my property
We are able to assist and advise you on these important decisions that we deal with on a daily basis.