Finding the ideal apartment in Paris: our golden rules
Finding the perfect apartment in Paris can be a real challenge. Many buyers find themselves discouraged by the complexity of the Parisian real estate market. Often, they make mistakes that waste valuable time and prevent them from reaching their goal. To avoid falling into these pitfalls and maximize your chances of success, we have compiled 3 golden rules for you to follow when looking for your future apartment in Paris.
Golden rule 1: define and validate your financing plan
Before you start looking for an apartment, it is essential to determine your budget and to validate your financing plan. Indeed, starting research without clearly defined funding can lead to a considerable loss of time and energy. In addition, validating your financing is the best way to confirm your desire and commitment to buy real estate.
To do this, Make an appointment with your banker or A mortgage broker. They will advise you on the best financing options, based on your financial situation and debt capacity. They can provide you with an agreement in principle for your home loan. This document will be useful for reassuring sellers and proving your solvency during negotiations.
Having a precise knowledge of your budget is the basis for looking for a property. Indeed, this will allow you to target apartments that correspond to your means and to avoid being interested in properties that are too expensive. In addition, knowing your budget will help you better manage your expectations and establish realistic search criteria.
Golden rule 2: make sure your budget is realistic
One of the crucial aspects in looking for an apartment in Paris is to establish a realistic budget in line with your search criteria and the prices of the Parisian real estate market. Many buyers waste valuable time looking for apartments that don't fit their budget. Eventually, they realize that they need to lower their expectations.
What should alert you: when you don't see, or too few, ads that match your criteria. In this situation, buyers often tend to believe that it is not their budget that is inconsistent, but that the apartments they are looking for are sold off market.
To avoid this type of situation, it is important to ask yourself the right questions early on in your research. Does the budget you have established really allow you tobuy the apartment you are looking for ? Are the neighborhoods, the area, the number of rooms and the other characteristics of the property in line with the envelope you have set for yourself?
Focusing on a budget consistent with your search criteria will allow you to save time and avoid disappointments. It will also help you better understand and accept the price levels of the Paris real estate market.
Golden rule 3: Avoid unnecessary visits and be selective
As part of your search for an apartment in Paris, it is essential to be selective and not to waste time by visiting properties that do not match your essential criteria. To do so, follow these tips:
- Define sound well specifications : List the points that are non-negotiable for you (location, size, number of rooms, etc.) and be ready to compromise on items that are not essential.
- Avoid looking for an apartment that is too rare : By accumulating too many essential criteria, you risk embarking on an endless quest. Be realistic about your requirements and know how to adapt to the market.
- Do not travel to visit an apartment that you like, but that does not have non-negotiable criteria.
- Do a Assessment after each visit. If you are visiting more than 10 apartments without finding the one that is right for you, ask yourself questions about the relevance of your criteria. Aren't you looking for the “five-legged sheep”? Sometimes it is necessary to review your requirements in order to move forward in your research.
By applying these rules, you will optimize your time and effort in looking for your future apartment in Paris. Stay realistic, be ready to compromise and above all, keep in mind your non-negotiable criteria so as not to scatter yourself.
If, despite everything, you are having difficulty finding the ideal apartment, do not hesitate to call on a real estate coach who can help you refine your search and assist you in the various stages of your project. If you are short on time or if you are not present on site, you can also request The services of an apartment hunter. This professional will be in charge of prospecting, visiting and selecting for you the properties most suited to your needs and your budget.
In short, looking for an apartment in Paris can be complex, but by following these tips and being well surrounded, you will put all the chances in your favor to find the property that suits you.
Learn more:
how avoid pitfalls when buying a home thanks to the real estate hunter?
Apartment hunter: draw up specifications for your real estate project
Know your lifestyle helps the real estate hunter in his search
Olivier was able to help us find the right property for us. He listened to us and was full of suggestions. His advice was invaluable at every stage of our search and right up to the negotiation of the property. A big thank you!
I embarked on the adventure of a first Parisian acquisition following an inheritance and in a context where the market was rather sluggish. I can only thank Olivier Lebé, who guided me for several months to refine my project until the acquisition of a very beautiful apartment in the 19th arrondissement. His ability to listen, his attentive support, his perfect knowledge of the real estate market and the neighborhood allowed me to embark on this first purchase with complete peace of mind. Excellent service is an investment, but peace of mind is well worth the price!
A big thank you to Patrick for his professionalism and efficiency! Thanks to his ability to listen and his perfect knowledge of the market, he was able to find the ideal property. Tailor-made support, sound advice and exemplary responsiveness. I highly recommend his services!
