Tips for Buying a New Condo
You are reading this article because you are on the lookout for a new condo. If this is the case, you have come to the right article as below you will learn how you can make an informed choice and get a place that matches all your needs and wants.
How to start your search
Before you get into your car and start driving for viewings, you must first sit at your banker and your computer. You must first ensure you have the finances to purchase a condominium. Not everyone has liquid cash to buy a unit from PreCondo by paying cash. Therefore, you should get yourself preapproved.
After you have confirmed your financial situation, you must then go online and look for potential places. One thing to always keep in mind is the location. When buying any property, house, condo or land, the location is always the primary deciding factor; therefore, you must take into account the distance to your work, schooling if you have children and also the accessibility of other amenities. A condominium is not only about luxury and urban living. It is also about easy access to all needs,
If you work, you must ensure that you can get to your office with relative ease by either driving or the use of public transport. You must also have easy access to malls, hospitals, and other necessities.
One deciding factor for your purchase and the actual price will be the design, size and the facilities in the condo. Many condos boast facilities like a swimming pool, gym, and even a steam room or sauna. The use of these services will require a monthly maintenance fee to be paid, but the convenience is worth the money.
The features within the unit must also be given consideration. Many of the units will be complete with kitchen equipment and inbuilt storage. However, you can also buy one that is fully furnished so that you do not have to run around looking for furniture.
This is an important factor for anyone; however, if you have already sorted out your financing limits you will know what price range you can afford. It is, however, always possible to negotiate. Often you may be able to ask for additional fittings or furniture to be included in the price. Sometimes condo developers will give discounts for those who book units early. It is best to book early to get the best rate.
Seven pointers to help you to sell your home quickly
If you plan to sell your home, then you need to be in control of the process. You need to call the shots when it comes to preparing your home for sale, deciding on a listing price, scrutinizing offers and many other factors. The following pointers will help you to sell your home in the blink of an eye.
Hire an experienced realtor
Real estate transactions are complicated, and thus you need a professional to make sure that you are doing the right thing. A skilled agent can make the process a breeze for you. Ask for referrals from friends and relatives, or you can search online to find a well-qualified realty agent.
Avoid getting involved in the process
You have made unforgettable memories in your home and saying goodbye can be a challenging task. But try as much as possible to detach yourself from the process of selling your home to avoid any emotional attachment when staging and pricing your home. Try to view your home as a potential buyer. In simple terms, pretend that you are a prospective buyer and walk through all the rooms noting the stuff you would change.
Declutter and stage
Those interested in purchasing your home will have a challenging time picturing themselves owning it if they see decor and colors that fit your style. Instead, repaint the walls using neutral colors and get rid of the decorations from the walls.
Place fair asking price
Many home sellers think that in today’s low inventory market they can put an expensive price tag in their homes and receive top dollar. The ugly truth is that if you overprice your home getting buyers will become a problem. Price it competitively so that you can attract many buyers and get multiple offers.
Make the required upgrades/repairs
Make sure that all the systems and electrical appliances are working in perfect condition otherwise, they might cost you lots of cash or in the worst scenario the whole cost. Experts recommend that you make the necessary improvements to make your home appealing and save money where upgraded or repairs are not required. Why? You might not be able to retrieve your money during the sale.
Have an open mind during negotiations
When selling your home, your objective should be getting the asking price or more. Furthermore, you should aim to end the process as soon as possible. You will need to put these considerations in mind as you evaluate the offers that you receive. Keep in mind that you have the chance to negotiate by providing counter offers. Sometimes if the deal is right, you can offer to settle the buyers closing costs if possible or leave some appliances behind to seal the deal quickly.
Prepare for closing
Once you have agreed to an offer and got into an agreement, you must start preparing for closing. In simple terms, the process of closing involves the seller receiving money from the buyer and the buyer’s new title and mortgage liens adequately recorded. The closing agent will also reveal to you tiny details of the deal like tax costs, title fees among other closing costs.
How To Sell Your House To A Real Estate Investor
Real estate investors are some of the easiest people you can sell your home too. Selling to them is quick and hassle-free. The orange county real estate investor closes a deal very fast and always buy in cash. They accept your property “as is.” This means that you won’t have to repair or touch up your house before being able to sell it.
Selling your house to a real estate investor
Ads are the quickest and easiest way to find the real estate investors active in your area. Watch out for signs in your neighborhood which convey an investors interest. Calling the number on a sign should put you right in contact with an interested investor.
Find a qualified real estate agent
Real estate agents deal with investors regularly. They are likely to have good contacts who they can set you up with. Agents help you out in valuing your property. They’ll consider all factors, such as the state of the house and the current market conditions, and come up with a price for your house. You can then expect this figure from the buyer the agent gets you in contact with.
Property Investment Companies
These companies are interested in re-building properties which are located in prime areas. It’s worth a shot to enquire if they are interested in your house, even if it isn’t situated on valuable land. These investors can be found from the yellow pages or a quick search on the internet.
Real Estate Investment Clubs
These are an easy way to find real estate investors who’ll be interested in your property. Bigger Pockets and Real Estate Investment clubs are two great sites to find buyers. These sites allow you to find investors in your area, online.
Real Estate Attorney
It’s important to have a good real estate attorney on board with you to ensure that you aren’t shortchanged by an investor. Investors can take advantage of you, especially when you’re selling your property to avoid foreclosure or because of financial difficulties. A real estate attorney’s counsel can prove invaluable in the long run. They will help you in contracting an agreement which is beneficial to you.
If you are on a limited timeline to sell your house and require cash quickly, real estate investors are the best people to deal with. While the transaction and sale will be quick and effortless, it is important to keep in mind that they pay only a fraction of a property’s peak market value.
Advantages of Buying a House Off-the-plan
Buying a house off-the-plan is a common method that people are using to acquire property in the modern day. To people who may not understand this, buying a house off-the-plan means that you commit to buy a house that is not yet built. All you have to do is to visit Chilli Realty who will give you the plan and an illustration of how the proposed house will be. After a proper understanding and agreement, you can now pay a certain percentage of the total amount to reserve your house and pay installments until the whole project is fully completed and ready for occupation.
Why you should buy a house off-the-plan
Pay current price
The main advantage of buying a house off-the-plan is the fact that you pay the current value of the house for a property that will be completed in future. This is always a big advantage for you as a buyer; the real estate market keep rising every day, and this means that the cost of housing keeps rising.
When buying an off-the plan, the cost of the house is calculated as per the current market cost although the house will be completed after some time. The result of this is that you will still pay the same amount without worrying about rising costs likely to occur in future.
Flexible payment terms
When buying a house off-the-plan, you have access to flexible modes of payment because the payment is stretched over time. All you do is pay the first initial payment of the house and then stretch the rest of the payment according to an arrangement that you have with the developer.
This is a good way to own a house especially if you can get the whole amount required to buy the house at a go. It is also easier to get financing from banks and other financial institutions because most housing developers will always link you to the right financing.
New and modern housing
Buying properties off-the-plan is a new concept that is coming up, and most developers are using it to bring out new and modern housing ideas. If you want to discover the new housing concept available in the market, then buying a house off-the-plan might just be the right choice for you.
Using this concept, you can enjoy the modern lifestyle like swimming pools and gym areas. These are new concepts that might not be incorporated in the traditional form of housing that we know, but you will find them in houses that are built off-the-plan.