I almost lost everything in my real estate project, but I learned how to buy better.

grey sofa next to a brown wooden coffee table

Buying a property is often considered one of the most important – and stressful – moments in life.

We dream of owning a home, of making a profitable investment, but between offers that seem too good to be true, administrative pitfalls, and endless delays, it's easy to feel overwhelmed. However, it's possible to avoid many mistakes if you know what to look out for.

Understand the market before you start.

Many people rush into their real estate project without understanding market trends:

• Prices can vary significantly from one neighborhood to another, even within the same city
• Projects currently under construction or in the planning stages may seem attractive, but be mindful of delivery times and warranties.
• Changes in interest rates can transform a profitable project into a financial disaster.

Before signing, it is essential to consult local indicators, compare prices over several months, and seek professional assistance if needed.

Set a realistic and detailed budget...

It's not enough to simply say, "I have this much to spend." A real estate budget must include:

• Notary fees (approximately 5 to 7% of the purchase price).
• Any agency fees
• Costs related to renovations or improvements.
• Condominium fees and taxes.

It's best to budget generously and keep a reserve for unforeseen expenses. Too many projects fail due to a lack of financial planning.

Visit and compare, without rushing.

Emotion often plays too significant a role in real estate purchases. Falling in love with a property can make you overlook major flaws. It is crucial to:

• Visit several properties at different times and on different days.
• Ask detailed questions about the general condition, the maintenance costs, and future plans for the neighborhood.
• Check the orientation, the surrounding area, and the quality of construction.

A property that looks perfect on paper can reveal surprises during a careful visit.

Negotiate intelligently

The price displayed is not always the final price. Buying smarter also means:

• Find out about the average price in the neighborhood.
• Identify the property's weaknesses to justify a price reduction.
• Be prepared to walk away if the price or terms are not favorable.

A good negotiation can result in thousands of dirhams saved.

Securing your purchase legally

Before signing the preliminary agreement or the final deed, it is essential to:

• Read all the documents (title deed, co-ownership regulations, property surveys).
• Verify that the seller is indeed the legal owner.
• Consult a notary or legal advisor to validate the key points.

An insecure purchase can turn into a legal nightmare.

Thinking about the future: resale and profitability

Even if you're buying to live in the property yourself, it's wise to consider:

• The ease of reselling it in a few years.
• The neighborhood's future development prospects (new infrastructure, transportation, shops).
• The rental potential if you decide to rent out the property someday.

A well-considered purchase is a win-win investment.

Buying smarter means getting informed, comparing options, and planning ahead.

Buying a property isn't a sprint, but a marathon. Taking the time to understand the market, carefully budget, visit properties thoroughly, and legally secure each step is the secret to a successful project. While it requires patience and vigilance, it's the price to pay to transform a risky undertaking into a resounding success.

Discover our practical guides to help you buy your home.