Things to consider in acquiring a real estate property- REAL ESTATE IN GENERAL SANTOS CITY

Young Lawyer

Clients Invest in properties because of different reasons. It could be a primary home for the family, a beach lot for a vacation house or investment for business purpose. Whatever the reason may be, buyers want that the buying process to be smooth, fast and easy. Below are the steps and factors to consider that might be helpful in acquiring property.

Location Property location is one of the biggest factors in buying a property. An investor must consider the purpose of acquiring a property. If the purpose is for commercial or business, the area must have high foot traffic and within the commercial zone. If you are looking for a residential unit but need easy access to downtown area there are condominiums and townhouse that are also available with n the city area. If for recreation farms and beach lots are ideal for that purpose. Types and classes of real estate are very broad, choosing the right location for your long-term investment must be given so much consideration

Good Track Record of the Developer/Seller To avoid future problems, check the reputation of the developer/seller. Should they deliver what they promise? Are they known for making a quality house? Do they have complete Legal documents and comply what is mandated by the Law. Take time to check, acquiring real estate property in General Santos City involves a lot of hard-earned money.

Qualification and Financial Capacity of the Buyer. 1. Must be a Filipino Citizen 2. Must be 18 years old and above. 3. If you are planning to buy a property and apply it for bank loan or financing company, better check first if you are qualified and you can sustain for a Long Term Loan. • Must have a good loan tracking record/no record of default or unsettled bank loan. • Bank monthly amortization must be equivalent to 30% of your gross income • Approval of loan term will be based on borrower’s age. • Proof of income must be highly available • Nature if the job will be also a consideration on loan term.

Market Trends Are you tracking housing prices in your area? Have real estate prices gone up or down? Once you know where you want to live, it’s important that you see for yourself how housing prices have changed in that area. If real estate prices have drastically gone down and your finances are where you want them to be, then you could find yourself in an amazing position to become a homeowner. On the other hand, if housing prices are at an all-time high, you may want to be patient so that you can avoid buying into a bubble that may burst soon. For example in Real Estate in General Santos City, it is now the right time to invest in Brgy Ligaya where the newest UST will be put up and will be operational on year 2020.

So much to consider in buying a property and sometimes investor do not have enough time and knowledge how to do it right that is why expertise of a Real Estate Broker is a must.Planning to invest in Real Estate in General Santos city or Need expert advise, click for contact details.