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Saving on buying property in Tallinn

Cheat sheet for shoppers / Newcomer in the real estate market / Promising areas for investment / Expert opinion
15.01.2024
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Saving on buying property in Tallinn

Anyone who is faced with buying property knows how important it is not to overpay, especially in such a beautiful place as the capital of Estonia. In this brief guide, we will discuss how to make a profitable deal, what to pay attention to, and how to communicate with the seller.

Housing market analysis

Before buying property, it is important to assess the economic situation in the sector. Study the prices of properties on specialized websites, but keep in mind that prices there are often inflated by 10-30%. This is not the only source: it is recommended to personally inspect at least 5-10 options to get a more accurate idea of the market pricing.

Assessing the quality of the property

When visiting a property, be sure to assess its condition. Carefully check the finishing, the functioning of systems, and the need for necessary repairs. If you find that the apartment or house requires investments that are not reflected in the price, try to negotiate a discount.

Additional inspections

Do not forget about additional inspections that can reveal hidden property problems.

Ownership and encumbrances check

Before buying property in Tallinn, it is necessary to carefully study the ownership history of the property and the presence of liens or mortgages.

Information about the development of the area

It is useful to obtain information about upcoming construction in the area to understand the future development of the infrastructure.

Dialogue with the owner

During the transaction with the owner, it is important to actively discuss the conditions. It is worth discussing any shortcomings that are discovered, proposing a reduction in price, and establishing necessary requirements.

Tips for Buying Property in Tallinn

Ensure that your real estate deal in Tallinn goes smoothly by following our advice. Familiarize yourself with the local market climate, thoroughly inspect properties, and do not neglect detailed inspections. Build a direct dialogue with the owner to avoid unnecessary expenses and invest wisely.

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