¿Qué necesito para comprar casa?

How much do I need to buy a house?

Alejandro Ble Maldonado I Marketing Manager According to the housing price index in Mexico of the Federal Mortgage Society, as of the fourth quarter of 2020 the average price of a home nationwide was 1,200,909 pesos for an average home. However, it is not very certain to know exactly the amount you require, because it depends on various factors such as your income, whether it will be through a mortgage loan, the size of the home, its location and services, but we can guide you so that you have an approximate what you can spend to buy your house. As initial expenses, you should consider the opening of the credit, although some banks for promotion may not charge you a commission, it is better that you contemplate it, and this ranges between 1.0 and 3.0% of the value of the property. Another of them is the real estate appraisal of the property, a procedure that is financed by you. Determining its cost is a bit complicated because it does not have a fixed price as it changes every 6 months, and it usually corresponds to a percentage of the value of the property, although some institutions such as Infonavit and Fovissste its cost ranges between 800 and 1,200 pesos. We must also consider the down payment of the property, and taking into account that a mortgage loan covers you around 80 or 90% of the value of the property, which means that you need to have between 10 and 20% at the time of signing the purchase contract. Mortgage payment must be present in your budget and as we told you at the beginning, it is advisable to allocate at least 30% of your monthly income, so that you can cover this payment. You can get an idea of ​​how much you will have to pay using a credit simulator. Finally, notary expenses, where both the deed and the registration of the property and the payment of notary public fees vary according to the value of the property, as well as where you carry out the procedure. Payment of taxes such as notarial expenses, the payment of the Real Estate Acquisition Tax (ISAI) changes according to the entity where the procedure is carried out, for example in Mexico City, the minimum fee is 207.92 pesos, while that the maximum fee is 918 thousand pesos. Now that you know everything you need to consider to venture into the purchase of your home, it will help you organize a budget in an easier and more effective way so that you are not going to get caught in a curve. And if you need guidance on how to use the simulator or where to start your search, the best real estate advisors at Coldwell Banker Mexico are always willing and willing to assist you. *** Visit our site to learn more about our properties Also check out our blog for more articles About Coldwell Banker México: Master real estate franchise in Mexico, focused on creating leaders in the real estate brokerage sector. With independent operation offices that support and advise the interested party in the purchase, sale or rental of properties in Mexico. https://www.coldwellbanker.com.mx/ Follow us on Facebook Instagram YouTube Source: https://www.gob.mx/shf/articulos/indice-shf-de-precios-de-la-vivienda-en-mexico-cuarto-trimestre-de-2020-263700?idiom=es https://phpapps.condusef.gob.mx/condusefhipotecario/index.php https://businessinsider.mx/cuanto-debes-ganar-para-comprar-casa-mexico/ https://www.elfinanciero.com.mx/opinion/alberto-tovar/quieres-comprar-vivienda-en-2021/ https://www.dineroenimagen.com/tu-dinero/que-es-y-cuanto-cuesta-un-avaluo-en-mexico/107627 https://portalmx.infonavit.org.mx/wps/wcm/connect/ea4ce713-439e-4c97-8f0e-19fd4a4eac40/Cuotas_vigentes_para_avaluos.pdf?MOD=AJPERES&CVID=mmCFuN