Top 5 facts about property sale in Ljubljana
If you are buying or selling a property this year, you must learn these five facts about property sale that will make the entire process bearable and even pleasurable.
#1 NOW is always the best time to buy
If you’re reading this you’ve probably spent some time thinking about the whole process of buying an apartment. You probably have some savings and know about the current mortgage rates. If you think that the best time to buy an apartment in Ljubljana is now, then you are probably right.
Slovenia´s housing market has had the fastest annual house price growth in the EU during the year to third quarter of 2018, extending three previous years of real price rises. This rise deeply affected the people’s capacity to buy. This trend will continue, so if you’re having doubts about buying an apartment, you should know that the prices will just continue to grow.
In Ljubljana, Slovenia's capital, the house price index for existing flats rose by 8.9% (6.9% inflation-adjusted) during the year to Q3 2018. On a quarterly basis, house prices fell by 1.8% (-1.5% inflation-adjusted) in Q3 2018.
Prices will continue to go up and the supply won’t catch up. So, when you find a perfect apartment for sale in Ljubljana, take some time to take the virtual tour on our website and book a viewing with just one click. We will organize your meetup, but you will be the one to choose time and date of the viewing.
# 2 Ask around about real estate investors
We would all love to love in new buildings, with modern hallways, neat parking and new elevators. The expansion of new residential complexes in Ljubljana is at its peak in 2019. But even with such substantial offer of new apartments for sale, there are still more buyers than there are apartments. Naturally, people want to live in new apartments that were designed for comfort and to meet the needs of modern living.
Today, we seek for large living rooms, want only built-in closets, open balconies and natural tones that will allow us to experiment and give our home a personal touch. Buying a new apartment is for many young people the best choice, regardless of the price.
We can't deny that it's a wonderful feeling to buy a new apartment in a new building, but we must warn you to ask around about the commercial real estate investors. There are so many construction sites and new buildings that have to be completed for a very short time, so sometimes to speed up the process investors try to save on time and material. Hire an expert advisor (an architect or a construction engineer) and ask them to give you professional advice.
#3 Older apartments are also a good choice
Old apartments are equally popular as the new ones, especially among buyers who are not in a hurry to move in and who can afford a few months of renovation work. Depending on what sort of work you need to do, the price can vary, but new homeowners usually renovate electrical wiring and plumbing and do a complete makeover to the bathroom. They also invest in new flooring and tiles. Everything else can be done after the move it, especially buying the furniture.
Why should you buy an older apartment and renovate it? It's not that we're crazy about the character of older apartments, it's the quality we advise you should keep an eye on. Quite often you can buy a charming apartment at your favorite location and invest just a little in renovations. When you're renovating, you are the sole investors. Therefore you are the one who decides upon the material, floor tiles, wires, and pipes.
Sometimes an older apartment with renovation will cost you the same as the new apartment, but you will probably get it at a better location. A lot more often this sort of investment really pays off.
#4 There's no such thing as a fixed price
Not a lot of real estate agents will tell you this, but there is no such thing as a fixed price. Maybe, if the price is really low, but more often property owners list their properties at a higher price to have a chance to negotiate after. Every real estate platform that has a brokerage agreement with only one side will try to please the instructing party. However, even though it's the buyer pays the commission to us, we can never blindly act on behalf of their side. Without reaching out to the owners, there wouldn't be a successful sale!
That's why we offer the lowest commission on the market 1.5% + VAT. We also always advise our clients to start with a higher price, but be open to lowering the price to sell. We need to agree on the amount that's close to the market value. To avoid conflict of interest, we insist on meeting with the buyer directly, without our real estate expert present at the viewing. That's your time to get to know each other, to learn about their plans, budget, and to discuss the timing and your schedule. Buyers can give you an offer, and our team will contact both of you to start the negotiation process and help you to seal the deal.
#5 Property sale doesn't have to be a stressful process
Everyone will tell you that property sale is one hell of a process and that it's very hard to go through all of it with a positive attitude. But, what exactly causes stress:
So many different property viewings - with us you will only meet generally interested buyers that are already ready to give you an offer because they already know how the property looks like.
High commission - we charge no commission to property owners!
Lack of information - it’s very hard to find transparent and informative real estate ads. But, not we us! We list every detail of the property and share everything we know with everyone who visits our website. We help you to buy or sell a house, an apartment or an office space with ease and stress-free.
Whether you're selling your first apartment because you're looking for a bigger one, or you're getting a mortgage loan to buy an apartment in construction, use our resources to learn everything about property sale. We are here to help you buy your dream apartment and to make your property sale in Ljubljana a pleasurable experience.