translated from Spanish: 60% of people say they do not have enough foot to pay for a property

The study “Perception of Clients”, prepared by the Research area of Inmobiliaria Almagro, allowed to visualize the behavior of people when choosing to buy a home, providing data on the difficulties that currently exist for some when it comes to reaching 20% of the foot for the payment of a property.
Along these lines, the majority of respondents (60%) ensures that they do not have the necessary foot to finance the purchase, especially those looking for homes of up to 6,000 UF. When asked what actions they would take on their purchase, 55% say they would look for options where they can only pay 10% standing, while 34% would opt for alternatives to finance 20% of it.
Meanwhile, 25% would pay the foot in installments with interest and 10% would be willing to leave their current property in part for payment. On the other hand, when faced with the impossibility of gathering the 20% standing, 31% would choose to look for a property of lower value, while 36% are willing to postpone their purchase decision until they gather more foot.
The analysis focuses mainly on contributors to Real Estate Almagro’s Sales Rooms, which are located in an age range of 30 to 39 years. José Luis Calderón, marketing manager of the company, states that “various factors such as the scarcity of land, the rise in the cost of materials and greater regulatory restrictions, have caused during the last years a rise in the value of the home, which has made it effectively gather the amount of the foot for the purchase of a property , becomes one of the great barriers people encounter.”
Undoubtedly, a difficulty that has become much more recurrent in recent times, due to the economic effects caused by the pandemic, to which Calderon adds that “precisely for those who need to buy a property today, we have created various alternatives and services that allow to alleviate the financial burden of this stage and , at the same time, do it with the tranquility and support of the real estate. This is in addition to the return of 90% financing by banks, which also opens up a better opportunity for people.”
Along these lines, Inmobiliaria Almagro is accepting 10% standing for certain units (subject to 90% bank approval of financing). You can even pay 5% and the remaining 5% is paid in installments.
For those who opt for the payment of 20% of the foot, there is the possibility of canceling 10% of the initial foot and financing the remaining 10% of the remaining foot in 60 installments with interest. Other existing options are the 12 months without dividend payment and the payment of the foot in up to 18 installments without interest paying by credit card.
Finally, for those who wish to make a change of home, they can leave their property in part for payment for a new one. To these alternatives and facing the current scenario, others have been added such as the possibility of desisting from the purchase if the person is out of work, or having up to 12 months without paying dividends, which contemplates 6 months of grace when contracting the credit with certain banks and another 6 months in which the real estate takes care of the dividends.

Original source in Spanish

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