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GUIDELINES IN BUYING REAL ESTATE PROPERTIES

AAA Realty Solutions Co. is committed on providing reliable and best-service to buyers, renters and investors. We focus on unbiased assistance to our clients enabling them to achieve their real estate goals.

Let us face the fact that investing in real estate, whether it is a primary home or an investment, is an avenue to building long-term wealth. Allow us to guide you filter the ideal property that matches your needs and wants.

1. KNOW YOUR SPECIFICS:
   • TYPE OF PROPERTY
     When looking at purchasing a real estate property, find the project that appeal to you and your resources as well. Depends on what is preferred, an income-generating or non-income generating property, streamline it down into different categories:
     Residential Property – under this category are houses, condominium units, apartments, townhouses and vacation houses where the person or family buy to live in the property.Commercial / Office Property – consist of office building. You could lease out this property to companies and business owners.Industrial Property – this is the type of property that has significant revenue. Long-term lease agreements to future clients such as warehouses, distribution centers, storage units and other related businesses.Retail Property – properties ranging from shopping malls to tenant retailer stalls.

     Mixed-Use – this type of property is a combination of any of the above categories into a single project.

   • GEOGRAPHICAL LOCATION
     Whether buying a real estate property for end-use of as an investment, the geographical location is the primary criteria. Remember that location of the property has a big impact. It determines overall quality and influences a property’s value. Take into account the proximity of the property to your family, job opportunities, and closeness to shopping, entertainment and healthcare.If the purpose of buying a property is for investment, keep in mind that the location should be in demand. Remember, the ultimate goal of the investment is to generate profit.
   • PHYSICAL CONDITION OF THE PROPERTY
     Once the location of the property has been chosen, the next thing to consider is the physical condition of the property whether it is a new one, an old structure or already subject for renovation.Check if there are environmental issues or any restrictions that may arise in the future.
   • PREFERRED BUILDING OR COMMUNITY
     Finding the right building, neighbourhood or exclusive community is very essential. Look at the available amenities and facilities within the proximity of the subject property. Check the availability of public transportation like bus, train and taxi, how accessible the property to major roads. Research on the area’s crime rate. Another aspect is to consider the potential growth in the value of the property.
2. KNOW YOUR BUDGET
   Start looking on a property that you can afford. Be aware of the property’s current market value.  Take time to do a serious financial evaluation on your finances. Whether it is a one- time payment or will be under mortgage, you need to calculate the cost as well as the payment terms to be successful in purchasing a property.
   
   
3. DEAL WITH A TRUSTED AND RELIABLE REAL ESTATE BROKER
   Aside from protection, having a trusted and reliable real estate broker will give you peace of mind. Guided by real estate’s current market trends, a real estate broker can negotiate and bid the price offering – both ways – buyer or seller’s side in favour of the client. Likewise, a real estate broker can give variety of properties, giving a client other options to choose from.
4. VIEW OPTIONS THAT MATCHES YOUR REQUIREMENT
   Shortlisting of real estate properties prior to viewing them is an effective way to find the right property that you are looking for. Always be smart and firm about your requirements. Pay close attention to the property details and do not hesitate to ask questions to your broker. This will avoid potential problems that may arise in the future.
5. NEGOTIATION FOR THE PAYMENT OF THE PROPERTY
   Negotiation in real estate is a challenging stage. Communication is the key. After you have chosen a property, your broker, to the best of his/her ability, will negotiate a fair price beneficial to both the seller and the buyer in order to arrive to the best outcome.
6. DUE DILIGENCE
   In real estate, due diligence can be tedious and time consuming however very significant. It is a way of verifying all the information of the subject property prior to its acquisition. It includes but not limited to conducting research and analysis of the following:The physical like problems in technical description/s on the title, informal settlers or other physical defects;The legal aspect which includes pending court case, any lien/s and encumbrance/s;The financial aspect of the subject property like – unpaid realty taxes, arrears from bank or any lending institution.Always bear in mind that real estate is a life-long investment. Invest wisely and you will reap the rewards of your chosen property.

SELLING & RENTING MEASURES IN REAL ESTATE

1. KNOW YOUR PROPERTY
   When selling your home, reflect the property’s in-demand and practical features as your selling points. Discuss the location’s accessibility where the property sits on. Moreover, getting to know the current market value of your property including the applicable taxes is a top priority.
2. SET THE ASKING PRICE
   Keep in mind that when setting the asking price for your property, always be reasonable. If you price it too high, there’s a tendency that nobody gets interested in viewing your property. When you price it too low, you have the risk of getting loss and worst case, potential buyer/s may think that there’s something wrong with the property. In order to close a deal, price it accordingly.
3. FIND A BROKER
   Finding the right real estate broker for your property will increase your chance of immediate sales. There are lots of brokers / agents but having a trusted broker is more important. Having an experienced real estate broker is an advantage however it should be best if you choose someone who is reliable and trustworthy, someone who is good in negotiating and closing the deal. Lastly, someone who will give you the appropriate value for your property giving you the best return of investment outcome.