No, every era has or had its challenges. Knowing all the factors that make a sale easier and more secure is still helpful today.

How to make real estate financing work for you
Many people looking for real estate are hesitant in light of the current listings. Inflation and rising interest rates have led to a decline in demand for real estate. This has prompted many sellers to reduce the prices of their properties to make them more affordable.
Nevertheless, some sellers are struggling to find interested buyers. It may therefore be worthwhile for potential buyers to disclose their financing options at this point. This will enable sellers to respond better to market developments. Otherwise, they risk their properties becoming unsellable. However, it is advisable to clarify the financing with the bank before making an offer.
The role of equity
Equity capital is still required to purchase a property. Real estate financing experts recommend covering around 20 to 30 percent of the purchase price of the property with equity capital. This also includes additional costs such as notary, land registry, and broker fees, as well as real estate transfer tax. The more equity you have available, the easier the purchase will be and the more likely it is that banks will grant you a loan. This also has an impact on the terms of the financing. In many cases, the family can also contribute additional equity in the form of private loans or inheritances.
Plan thoroughly
Start planning early and calculate exactly how much property you can afford. The amount of your equity and your monthly net household income are key factors in determining how expensive a property can be. It is advisable to seek advice from both an independent financing expert and an experienced real estate professional. A qualified local real estate agent can tell you where to find properties within your budget. The financing expert will help you compare different financing offers to select the one that is right for you.
Take advantage of subsidies
Take advantage of government subsidies when buying an energy-efficient property. These subsidies can take the form of allowances, tax breaks, lower interest rates, or non-repayable grants. It is worth checking whether you can benefit from programs such as "Wohn-Riester," a low-interest loan from the Kreditanstalt für Wiederaufbau (KfW), a subsidy from the Federal Office for Economic Affairs and Export Control (BAFA) for renewable energies, or from regional subsidy programs. Experts in the fields of finance, energy, and real estate can assist you with this processfor renewable energies or from regional subsidy programs. Experts in the fields of finance, energy, and real estate can assist you with this process.
Are you looking to purchase a property and have questions about financing your project? Contact us! We will be happy to advise you.
Note
For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please have the facts of your specific case clarified by a lawyer and/or tax advisor.
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