New, used, or pre-construction properties?
Umida Lumsden
Umida Lumsden
Among the possibility of buying properties, there are mainly the following:
Second-hand properties
They are properties that have already been transferred previously, in which someone has already lived, and their current owner wants to sell it. The prices of these properties are set according to the market, that is, the amount of supply and demand. Your real estate advisor has access to the listings of these properties by prices, characteristics, and areas.
New construction properties
New construction properties are usually understood to be those that have not been previously transferred or that were transferred but in which no one has ever lived. The prices of these properties are usually not negotiable. The price usually varies according to the surrounding market.
Properties in pre-construction or new construction
In recent years, the promotion and construction of real estate have been reactivated. These projects start to sell even when the first earthmoving has not yet started. Generally, the longer it takes to finish construction, the better the purchase price. If you can wait, you could find good investment opportunities in this pre-construction market if you are not in a hurry. Ask your real estate agent about these new constructions.
With a commitment to excellence, personalised service and an in-depth understanding of the Palma property market, Umida Lumsden guides her clients through every stage of the buying and selling process.
Her approach combines professional advice, commercial insight and advanced real estate marketing strategies to showcase each property at its best, highlight its unique features and connect with the right buyers.
For homeowners looking to sell, Umida develops a tailored marketing strategy designed around the individual characteristics of each property, ensuring an exceptional presentation and maximising its appeal in the market.
For those looking to buy, she offers a discreet and personalised service, identifying opportunities that match their preferences, lifestyle and objectives, with the aim of finding more than just a property: a place to call home.
Her philosophy is built on trust, transparency and dedication, delivering a seamless and professional real estate experience that exceeds expectations.
Because every property is unique, and every client deserves exceptional service.
Steps in the process of buying a property.
A brief and simplified explanation of the process of buying a property.
How do you know where to buy?
As a Real Estate Advisor, I will assist you in every step you need during the area selection. A first point to take into account, it is essential to know what you want the property for: to live, to rent it, or as an investment?
A mortgage loan? Cash?
The payment method to purchase a property will depend on the amount of money you have to invest and your mortgage debt capacity.
