Those who are used to the real estate market in large cities are often surprised when purchasing property along the coast. Although mortgage financing follows national rules, some criteria change in practice when the property is located in a coastal city. Understanding these differences helps with better planning and prevents delays in the process. Francisco Lucena Imóveis, which operates directly along the São Paulo coast, deals with these particularities on a daily basis and guides buyers from the very first contact with credit options.
Property appraisal tends to be more rigorous
One of the main differences lies in the bank’s appraisal. In large cities, well-established urban infrastructure makes the analysis easier. On the coast, in addition to location, banks pay closer attention to factors such as the property’s condition, exposure to sea air (salt corrosion), and construction standards.
Properties very close to the ocean, for example, may require a more detailed inspection. This does not mean financing is more difficult, but it can influence the approved amount and the time it takes for the credit to be released.
The financed percentage may vary
In some cases, the percentage of the property value that can be financed on the coast may differ from what is commonly offered in major urban centers. While banks in capital cities often finance higher percentages more easily, coastal properties may require a slightly higher down payment, depending on the property profile and the area.
According to Francisco Lucena Imóveis, this reinforces the importance of simulating the mortgage before choosing a property. This way, buyers know in advance how much they will need for the down payment and avoid frustration during negotiations.
Property profile directly affects approval
In large cities, apartments in vertical condominiums with well-known construction standards tend to be approved more quickly. On the coast, there is a wider variety of property types, such as single-story houses, townhouses, and older constructions.
As a result, documentation and legal regularization carry even more weight in the bank’s analysis. Properties with complete documentation and an individual land registry tend to move through the process more smoothly, regardless of location.
Timelines and additional costs require attention
Another practical difference involves timelines. In some cases, the financing process on the coast may take a bit longer, especially if document adjustments or additional information are required.
In addition, buyers should consider coast-specific costs, such as more frequent maintenance and possible property adaptations. These factors do not directly affect the financing approval but do impact overall financial planning.
Planning is even more important on the coast
Despite these differences, financing a coastal property is entirely feasible with proper organization and guidance. The key is to align expectations, understand bank requirements, and choose properties that are legally compliant.
With the support of Francisco Lucena Imóveis, buyers can anticipate these particularities, adjust their planning, and move forward with greater confidence—whether purchasing to live in or to invest outside major urban centers.
Get in touch!
Website: https://www.franciscolucenaimoveis.com.br/
Phone: (11) 95980-4074
WhatsApp: (13) 99730-8423
Author: Clodayre Daine
