GUIDELINES IN INVESTING/BUYING REAL PROPERTIES

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We want all of our customers to experience the impressive level of professionalism when working with Transcend Realty and Consultancy.

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KNOW YOUR SPECIFICS:

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TYPE OF PROPERTY
When looking at purchasing a real estate property, find the project that appeal to you and your resources as well.

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• Residential Property – includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes.

• Commercial / Office Property – includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are often considered commercial, even though they are used for residences. That's because they are owned to produce income.    

• Industrial Property – includes manufacturing buildings and property, as well as warehouses. 

• Land - includes vacant land, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

 

GEOGRAPHICAL LOCATION

Location matters, even the location inside the neighborhood will have a large impact on your home's value. Once you choose the general area you want to live it makes sense to start searching the specific locations within those neighborhoods. You want to buy on the low end of the neighborhood's price range because the other homes in your neighborhood will bring your value up.

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KNOW YOUR BUDGET
Resist the urge to buy real estate just because of marketing tactics such as discounts and early move-in dates. Ask yourself if you can pay the monthly amortizations for the property on a long period of time. Making a big purchase out of impulse will be a disadvantage for you in the long run.

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FIND A RELIABLE REAL ESTATE AGENT

A real estate broker that is looking out for your best interest will be a big help on how much money you can save. Some credentials you can look for are accreditation from their company, references from past clients, and a real estate broker license.

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VIEW OPTIONS THAT MATCHES YOUR REQUIREMENT

Shortlisting of real estate properties before viewing them is a smart method to locate the right property that you are searching for. Continuously be firm about your necessities. Give close consideration to the property details. 

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DUE DILIGENCE

The due diligence stage in a real estate transaction is a vital part of the home-buying experience, giving the buyer an opportunity to have the home inspected, investigate possible neighborhood downfalls and work with his or her lender to determine whether this the home.