What is buying a used house from Infonavit?

Thinking of buying a used home with Infonavit? See here how you can do it and what are the requirements to determine if it is the best option for you.

Infonavit can finance the purchase of your home through different credits, regardless of whether it is a new or used home. The house must only meet certain requirements and you must have the necessary Infonavit points of Blue world city Islamabad  to request your credit.

The important thing here is that you have no doubts because the house is not new. Below, we explain what are the benefits of buying a used house and how to achieve it.

Should I buy a used house with Infonavit?

  • Benefits of buying a used house
  • Characteristics that the house used for Infonavit should have
  • Requirements to buy a used house from Infonavit

Benefits of buying a used house

The biggest benefit of buying a used home is that the price is considerably lower than that of a new home, so you could get a bigger or better-featured home at a better price.

In addition, when buying a used house, the procedures are faster, since in general the seller has all the documents in order and the only waiting time is the purchase and sale procedures are taken.

It is important to note that used homes are in better locations than new ones. This is due to the fact that newly built homes are usually located in more remote areas where they are just beginning to develop by Blue Group of Companies. This will allow you to have more amenities such as better services, nearby establishments and public transport.

Although the size of a used home can sometimes be larger for a lower price, the materials may not be very modern and you may have to invest in remodeling. This can be an advantage since, when doing some renovations, the house would be to your liking.

Consider that Infonavit also has the option of buying and improving a used home with the same credit, which can facilitate this point. Also think that if you choose a house with a good location and also make improvements to it, it will increase in value.

Characteristics that the house used for Infonavit should have

In order to buy a used house with Infonavit, you must request an appraisal and verify that it meets the following requirements:

  • That the house is located in an urbanized area
  • That is composed of at least bedroom (s), living room, kitchen and bathroom
  • That it has the services of drainage, water and electrical energy
  • Be away from risk areas such as fuel tanks, high voltage lines, rivers, underground pipelines, etc.
  • That has a minimum useful life of 30 years
  • That it has the deed registered in the Public Registry of Property
  • Keep up to date with water and property consumption payments
  • That it has a Technical Quality Opinion with a minimum score of 70 points (this document is processed at the same time as the appraisal)

In the case of wanting to make improvements to the house with the same Infonavit credit, you must take into account that:

  • The improvement should not affect the structure of the house
  • You must present your work program and its budget in the formats indicated
  • The cost of the improvement must be a minimum of $ 10,000 and a maximum of up to 80% of the value of the operation
  • The maximum amount of the improvement may be up to 90% of the balance of your housing subaccount

Requirements to buy a used house from Infonavit

To buy a used house from Infonavit you have these credit options:

  • Infonavit credit
  • Cofinavit
  • Infonavit support
  • Home for you
  • Infonavit Total
  • Cofinavit Additional Income
  • Your 2nd Infonavit Credit

In the case of wanting to buy and improve a used house, you only have the Infonavit Credit option. The requirements to buy a used house vary for each credit, so you should review them and analyze which is the most convenient for you.

These are the general requirements that you must meet in order to buy a used house with Infonavit:

  • Be a holder of Infonavit and have a current employment relationship
  • Have 116 points in your account
  • Your age at the time of contracting the credit adding the term to liquidate it must not exceed 65 years

Now that you know what it means to buy a used house from Infonavit, you can make your decision. Take into account that when buying a used house there are also certain risks and to avoid them you should verify that everything is in order. We recommend you follow these tips to buy a used house .

What is buying a used house from Infonavit?

Thinking of buying a used home with Infonavit? See here how you can do it and what are the requirements to determine if it is the best option for you.

Infonavit can finance the purchase of your home through different credits, regardless of whether it is a new or used home. The house must only meet certain requirements and you must have the necessary Infonavit points of Blue world city Islamabad  to request your credit.

The important thing here is that you have no doubts because the house is not new. Below, we explain what are the benefits of buying a used house and how to achieve it.

Should I buy a used house with Infonavit?

  • Benefits of buying a used house
  • Characteristics that the house used for Infonavit should have
  • Requirements to buy a used house from Infonavit

Benefits of buying a used house

The biggest benefit of buying a used home is that the price is considerably lower than that of a new home, so you could get a bigger or better-featured home at a better price.

In addition, when buying a used house, the procedures are faster, since in general the seller has all the documents in order and the only waiting time is the purchase and sale procedures are taken.

It is important to note that used homes are in better locations than new ones. This is due to the fact that newly built homes are usually located in more remote areas where they are just beginning to develop by Blue Group of Companies. This will allow you to have more amenities such as better services, nearby establishments and public transport.

Although the size of a used home can sometimes be larger for a lower price, the materials may not be very modern and you may have to invest in remodeling. This can be an advantage since, when doing some renovations, the house would be to your liking.

Consider that Infonavit also has the option of buying and improving a used home with the same credit, which can facilitate this point. Also think that if you choose a house with a good location and also make improvements to it, it will increase in value.

Characteristics that the house used for Infonavit should have

In order to buy a used house with Infonavit, you must request an appraisal and verify that it meets the following requirements:

  • That the house is located in an urbanized area
  • That is composed of at least bedroom (s), living room, kitchen and bathroom
  • That it has the services of drainage, water and electrical energy
  • Be away from risk areas such as fuel tanks, high voltage lines, rivers, underground pipelines, etc.
  • That has a minimum useful life of 30 years
  • That it has the deed registered in the Public Registry of Property
  • Keep up to date with water and property consumption payments
  • That it has a Technical Quality Opinion with a minimum score of 70 points (this document is processed at the same time as the appraisal)

In the case of wanting to make improvements to the house with the same Infonavit credit, you must take into account that:

  • The improvement should not affect the structure of the house
  • You must present your work program and its budget in the formats indicated
  • The cost of the improvement must be a minimum of $ 10,000 and a maximum of up to 80% of the value of the operation
  • The maximum amount of the improvement may be up to 90% of the balance of your housing subaccount

Requirements to buy a used house from Infonavit

To buy a used house from Infonavit you have these credit options:

  • Infonavit credit
  • Cofinavit
  • Infonavit support
  • Home for you
  • Infonavit Total
  • Cofinavit Additional Income
  • Your 2nd Infonavit Credit

In the case of wanting to buy and improve a used house, you only have the Infonavit Credit option. The requirements to buy a used house vary for each credit, so you should review them and analyze which is the most convenient for you.

These are the general requirements that you must meet in order to buy a used house with Infonavit:

  • Be a holder of Infonavit and have a current employment relationship
  • Have 116 points in your account
  • Your age at the time of contracting the credit adding the term to liquidate it must not exceed 65 years

Now that you know what it means to buy a used house from Infonavit, you can make your decision. Take into account that when buying a used house there are also certain risks and to avoid them you should verify that everything is in order. We recommend you follow these tips to buy a used house .