Did you know that Brazil is one of the countries with the most bureaucracy in the world? And it is not for less, practically everything is required to go to the registry office, pay the most diverse fees and taxes, not to mention the countless laws that regulate the most diverse transactions.
Because of this, it is quite common to have several doubts when one is on the verge of closing a real estate negotiation, be it purchase or rent.
As you continue to read this article, you will discover the solution to 4 very common doubts involving real estate transactions. Check out!
1. In times of recovery in the real estate market, as now, is it a good deal to buy a property?
If you have the necessary conditions to acquire a property, yes, this is a good time to acquire a new property!
When there is a supply greater than the demand for a particular product, prices usually fall. And this has happened with real estate, allowing for good investment opportunities, since those who have the necessary resources for the purchase, usually get great discounts.
Linked to this, there are other factors that transform the acquisition of a property into a good deal, such as the increase in GDP, the fall in inflation, the decrease in new real estate launches and the increase in employability. Which generate an appreciation trend in the medium term.
2. When buying a property, can I do the negotiation on my own or do I need help?
There is no law that requires you to hire a broker so that you can buy a property. However, with the help of this professional, you can more easily find a good property that suits your needs.
In addition to having knowledge of the market and many contacts – which allows you to find great opportunities -, a good broker has the ability to negotiate better conditions, which allow the negotiation to be advantageous for those who are buying and those who are selling.
Another advantage of having this professional is that he has the necessary knowledge to streamline the entire bureaucratic purchase process and prevent you from negotiating a property with problems with the documentation.
3. How often is the rent adjusted?
Normally, rent price adjustments are made on the anniversary of the contract, and the new value is calculated using some index. In this case, the General Market Price Index (IGP-M) and the Broad Consumer Price Index (IPCA) are the most used.
If the new price is readjusted above the percentage indicated by these indices, the tenant may ask a question so that there is a negotiation on the new value.
4. Who should pay taxes and any extra fees?
The Tenancy Law governs rental contracts in the country and determines that expenses, such as IPTU and the normal expenses of a condominium, as they are maintenance costs and are recurring, are the tenant’s responsibility.
As for one-off expenses, which add value to the property, such as a renovation in the common area of the condominium, the owner is responsible for payment.
To keep you updated on this and other issues related to the real estate market and to make your next real estate transactions happen smoothly, subscribe to our newsletter and receive the news first hand in your inbox!