It is important to check the property register at the registry to verify any debts (Credit: Pexels)
Many people have the dream of owning their own home and are looking to plan to escape the rent. Whoever intends to start a real estate financing, however, should take into account that the basic interest rate, Selic, should increase even more in the coming months.
Currently at 7.75% per year, the Selic must be increased this Tuesday (7), when the Monetary Policy Committee (Copom) of the Central Bank (BC) holds its last meeting of the year. The financial market expects that, to combat high inflation, the Selic will reach 9.25% per year.
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With the rise in interest rates, it becomes even more expensive to finance the property itself.
The G1 elaborated a series of tips for those who intend to buy a property in the coming months.
Check out:
1 – Whoever intends to buy a new property can only finance it at the bank by taking the Habite-se, a document that regulates the property at the municipal level, after the completion of the work. Therefore, whoever buys a property still on the plan may have to pay higher interest rates than at the time of purchase.
2 – The square meter in large urban centers is always more expensive than in districts a little further away. It’s worth looking for “alternative” neighborhoods, but it’s important to look at public transport and commuting time to work, school, etc.
3 – Anyone who is in doubt between a house or an apartment should take into account that, although there are no costs related to condominiums, houses are options with less security depending on the location.
4 – It is important to check the legal status of the property at the Real Estate Registry Office in which it was registered. With the Royal Lien Certificate, it is possible to verify possible debts for the property to be purchased.
5 – The Employee Severance Indemnity Fund (FGTS) can be redeemed for the purchase of real estate.
6 – Anyone buying a property must also prepare for some additional costs at the time of acquisition: Property Transfer Tax (ITBI), Property Deed (if purchased in cash), Property registration and bank appraisal (if financed) .
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source https://pledgetimes.com/property-financing-see-tips-to-avoid-unpleasant-surprises/
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