Buying a home is about a lot of money. For most buyers, the biggest financial decision of their lives is to be made. After all, the liability is enormous: it often takes 25 years or more until the loan is fully repaid.
The amount of the liability depends on numerous factors. Some of them are considered rigid because, for example, the real estate transfer tax can not be avoided. Others, in turn, provide some leeway. Below, we reveal where home buyers can save the most money.
Seller in the price to press
The purchase price of a property is not always carved in stone. Depending on the nature of the object and its location, there is quite a chance to push the seller a bit more in price. The term “a little” is relative, often it is easily possible to save with some bargaining skills 10,000 to 25,000 euros. You just have to trust and negotiate cleverly.
Without estate agents to buy
It is also advisable to buy without brokers. Thanks to the numerous real estate portals on the web, it is no longer so difficult to find good objects. Of course, certain items may be marketed exclusively by brokers. But almost always it is possible to buy great houses even without brokers and thereby save a lot of money.
Financing offers to compare
There are still buyers who prefer to finance through their bank and even accept interest premiums. Millions of homeowners have proven that real estate financing can also be provided through a direct bank. Often this provides the opportunity to enjoy a better interest rate and thus to achieve a nice savings. For example, if you take out a loan of 250,000 euros and achieve an interest rate advantage of 0.1 percent, you will save around 2,000 euros on average repayment within the first ten years.
By the way: Financing often gives you the opportunity to achieve even greater savings. If you want to know more about your personal saving potential, then you are in the right place. A short request is enough for our consultants to make an accurate interest rate calculation. The advice is of course free and without obligation.