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Buying an apartment in Sweden Part III: Visiting the Apartment and the Bidding Process

Buying an apartment in Sweden Part III: Visiting the Apartment and the Bidding Process

10 Apr, 2020

For Parts I and II go here:

Buying an apartment in Sweden Part I: Overview of Hemnet and getting a lånlöfte

Buying an apartment in Sweden Part II: Hemnet in more detail

Visiting the apartment

When it comes to viewing the apartment you have 3 options:

  • Open viewing - view the details on the Real Estate agent’s or Hemnet’s website, then just show up
  • Booked viewing - view the details on the Real Estate agent’s or Hemnet’s website, then you need to register by entering your contact details
  • Private viewing - if you can’t attend an Open viewing or Booked viewing, then you also have the option to view an apartment outside of the times stated on the website, you just need to call the real estate agent to see if you can agree on a time.

When visiting the apartment, you’ll need to take off your shoes and leave it outside the door or you can put on some shoe protection (so you don’t make the floors dirty).

Note that you’ll be asked for your contact details if this is an open viewing and you didn’t not register beforehand.

You’ll also (probably) be given a brochure which includes the key information of the apartment and a few photos.

Lastly, you may notice that you’re pretty much left to explore the apartment on your own, but you are free to ask the real estate agent questions about the apartment.

After the viewing, if you are not interested in the apartment you can tell the Real Estate agent you are not interested so you won’t hear any updates (e.g. bids) regarding it.

The Bidding Process

Assuming you are still interested in the apartment (either in wanting to buy it or want to see what it sells for), you’ll receive a call from the Real Estate agent a day or a few days after asking if you want to place a bid. At this stage, you can choose to say no, but say you want to think about it more and want to keep updated (i.e. receive the bidding updates).

Note: When you bid you can also add a condition, e.g. Move in date to be XXXX

Once the bidding starts, you’ll receive a text for each new bid. It looks something like this:

Latest bid 2.000.000 by bidder 1. March 26 2020 19:50

Latest bid 2.100.000 by bidder 2. March 27 2020 8:10

Bidders are anonymous. Also, if you place a bid, you’ll also receive a text saying something similar to above.

Once someone has won the bidding, then they can move to the next stage: signing the contract and deposits the handpenning (this is where the buyer gives the seller 10% (typically)) and you agree on a move-in date, which is included in the contract.

Buying an apartment in Sweden Part IV: Signing the contract and Handpenning

Housing
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Written by Nicola Lindgren