Interested in Belgium, are you? Go for it, I would say. Buying a property is straightforward, more than anything. But be warned, it can be laborious !Living in Belgium is not an easy thing, say some of my friends in Brussels! The one thing that I heard most from those who I asked about life in Belgium, is ‘Be prepared to face bureaucracy!”There are three local languages -- French, Dutch (Flemish) and German, and it’s important that you do not speak the wrong language to the wrong people. Relax, the good news is that, English is widely accepted and used. Ready to make that move?
Now for the tips
- Choose and sign. Once you have selected the property, it is important to sign an agreement to commit to purchasing the house. A final contract is signed a few months later, once the legal work and mortgage issues are done.
- Notaire. All of the above happen via notaries, known as notaire. both the seller and the buyer have a notaire, each. Pick a notaire on recommendation and ensure that s/he is conveniently located. Also, find a notaire, before you find a house.
- Price. Assuming that you will do all the necessary research involved in buying a house, remember that the price that you agree with the seller and the price you finally end up paying will differ hugely. There are several factors contributing to this -- huge property taxes, notary fee, taxes on loans and so on.
- Structural Surveys. These are not a legal part for getting a mortgage. You must do it for your own benefit. A must do before you sign up on that agreement.
- Property Insurance. You are liable for it from the minute you sign on that dotted line of that agreement. Be aware of these implications and stay alert.
- Mortgages. You have a whole plethora of choices in Belgium. make a wise one. What might help you is the services of a mortgage broker. Typically a mortgage broker helps you find the best deal, the best source for a loan, etc.
Now, what you need, I am sure, is loads of luck!
Be sure to visit us to get a peek at homes across the world.
Much Love and happy house hunting,
MILO
P.S: Follow me to my next post: Property Buying tips in Finland.
Thanks for sharing this information. Now I have an idea about Belgium so that before I buy a property there I could consider your tips first. Keep it up.
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