Friday, January 23, 2015

Tips on Purchasing a Home, Commercial Property & Real Estate in the America by Robert Swetz

Tips on Purchasing a Home, Commercial Property & Real Estate in the America by Robert Swetz

1. Know your Agent

2. Know your budget & how much you can afford to purchase

3. Know the Area, is it close to your employment, close to hospitals, schools, etc.

4. Know if there are Sector Roads, Freeway Systems, etc on traveling to work if your employed 

5. Know about crime statistics, etc.

6. Is the property a "Good Investment"?

This is just a handful of things to know when purchasing Real Estate in America, but the number 1. tip is to know your "Agent" ... Here are some more

If your purchasing a home around a lake ... does that agent have the knowledge of setbacks from the lake if your building a home? 
Does the agent know if the septic system is up to code? 
Does the agent know if there are CC&R's? 
Is the property located within a HOA?

And if your purchasing Vacant land like the photo at the top of the page:
How many feet away is the power to the property?
Is there a well on the property?
Is the well contaminated, up to date?
What are the building setbacks for building from the major road?
Is there easement or deeded access to the property?
How large of a home can you build?
Can you building a 3 story, or are there restrictions on the height of the home.
Do you have to put in a septic system or is there city water & sewage?
Is the property in a area where a airport expansion is planned for the future?
Is the property in a area where freeway expansion in planned for the future?

And then there are Commercial Properties which have so many more restrictions then residential.

If your building a Hotel, Casino, Professional Offices ... Is the property "Zoned" for this use?
What are the setbacks when building new buildings & structures?
What are some of the other building codes?
Where are the permits pulled for building?
How long does it take to get a permit to build?
Are there Sector Roads that go directly to the Commercial Property?
What are the restrictions on the height of the building?

There is so much information on purchasing a Home, Commercial Property or Vacant Land ... I could go on and on with questions and information.

So my question to you would be:

How knowledgeable is your agent?
Try asking some of these questions I have on my post and you will find out right away just how knowledgeable you or your Agent are ;o)

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