It is a good idea to start the process with a preliminary payment estimate. This way you will get an answer to what price range the property can be that you can buy based on your criteria. It is important to do this based on the right criteria, it makes the search more effective.

When inspecting a property, it is important to take plenty of time to assess what is in front of you and not be shy about asking the seller or real estate agent questions about the condition of the property. The seller's obligation to provide information is very important in the sales process. It is important to study the sales summary with information from the seller about the condition of the property, especially if the seller is not present to show the property. It is also important to inspect the entire property carefully in terms of condition, as the buyer has a strong duty of inspection when purchasing real estate. If there is not much competition for the property, it pays to look at the property again before submitting an offer.

Once you have found the right property, the next step is to make an offer. Now you need to ask yourself what you are willing to pay for this property. Remember, once the buyer and seller have signed the purchase offer, there is a binding contract for the purchase.

Before making an offer for an apartment in a multi-family building, it is necessary to read the housing association's statement, which, among other things, states the monthly house fees for the apartment, what is included in the house fees, what is the status of the construction of the building and the status of the housing fund, i.e. is a credit or a liability. If the housing association's statement is not available, notice must be given to examine it in the purchase offer, preferably within 10 days of acceptance of the purchase offer.

When making an offer, you should have a sales summary that you read carefully, which contains a description of the property and any defects on the property, as well as an overview of the related loans on the property, if any. If the apartment has a secured loan, you have the opportunity to see if it is possible to take it over and at the same time to check if it is favorable for taking over, but you can use the "Compare loan options" calculator.

Remember to set up payments in the purchase offer in such a way that you can afford to pay them. A good rule of thumb is to pay the final payment a few months after the property has been handed over. A title deed is issued when the buyer has paid all purchase contract payments. 

When there is an accepted purchase offer, the next step is to undergo a credit rating process at the credit institution you intend to borrow from. Once the credit rating is available, loan documents are prepared and you will then be notified when the documents are ready for signing.

Once you have passed the credit rating and the bond has been prepared at the credit institution, the next step is to enter into a purchase agreement. In the purchase agreement process, a licensed real estate agent reviews the purchase agreement and its accompanying documents with the buyer and seller. It is important to ask about the things that you don't think are clear enough before you sign the purchase agreement. When signing the purchase agreement, it is good to keep in mind that the buyer has to pay stamp and registration fees, which are usually charged by the real estate agent who handles the registration of documents.

In most cases, the buyer negotiates the delivery of the property in a purchase offer. The delivery of property is an agreement between the buyer and the seller, it is important that the schedules are met. Upon delivery, one of the most exciting phases of the buying process takes place. It is necessary to inspect the property again upon delivery, while enjoying moving into your own housing. If a defect that the buyer was not aware of in the purchase offer/contract soon becomes apparent, he must immediately contact the real estate agent who handled the sale.

When the buyer and seller have fulfilled their obligations according to the notarized purchase agreement, the real estate agent summons both parties to the issuance of the title-deed. In most cases, the final payment is made at the same time as the signing of the title-deed. As mentioned before, it is a good idea to pay the final payment a few months after delivery so that the buyer has time to inspect the property before the final payment is made. If there are no problems, the final payment is made to the seller and he signs over the property to the buyer. Now the actual change of ownership has taken place. The title-deed is then sent to the registrar for registration of title. Once the title-deed has been registered, you have become the registered owner of the property.

When the property has been found, it is necessary to consider financing. It is important to check your ability to pay before making a purchase offer for real estate. The result of a preliminary credit rating assessment can be used to estimate the payment capacity. Fiscal capacity and equity determine how much you can borrow, and then how expensive a fixed asset you can afford to buy.

Compare loan options is a calculator that is useful for comparing loans and loan options available on the market and also for deciding whether it makes sense to take over a loan rather than taking out new loans. Be sure to check the terms of the loan in full before making the decision to take over.a loan. It can also be helpful to get standard information sheets from lenders and learn about the terms and benefits of different loans.

Once an approved purchase offer is available, the next step is to go through the loan application and credit-rating and payment estimate.  You can apply on the HMS website, but you can also get help from our counsellors at the reception desk or over the phone.   

Part of the loan application process is going through a solvency rating process where credit rating and status on the defaulters' list are checked. The result of the credit rating gives a picture of the household's ability to pay. 

When a registered mortgage bond is received by HMS, the value of the bond, minus borrowing costs, is allocated in accordance with the allocation instructions in the application.

Payments on housing loans start one to two months from the first interest date, i.e. the first day of the second month from the first interest date. The first interest date is five days from the date of issue of the bond.