Real Estate and Things to Ponder

By
Real Estate Agent with Rego Park, Forest Hills, Jackson Heights, Corona, Middle Village

Real EstateThere are instances that you are planning to invest in properties and real estate but you don’t know where to start, right???

If you are planning to buy a house or purchase an apartment or even buy a piece of land, there are things that you need to ponder before settling to the decision. One must learn that doing or making such decisions involves money which means that you don’t want to put your investment to waste. This is a wrapped list of the things to ponder before to buy real estate.

Location

Location of the property matters especially if you are purchasing piece of land or house and lot. This because it can affect the price of the property you are planning to buy. Properties in urban and rural areas or those in the suburbs and high end streets have costs that vary. Like for instance when you purchase a lot in rural area, they incur lower cost since most of the businesses and other infrastructures are located in the city.

Kind of Property

Have you noticed that when you purchase a lot for business purposes, it is way much expensive than lots intended for agriculture? The main reason is that these lots can incur more income since these lots can be turned into business buildings. Bear in mind that as a buyer you must know or be familiar yourself with the kind of property.

Cost

Yes, this one matters the most because you wanted to invest in something that is worth to keep. You are putting your savings into a property where you can stay along with your family.  There are couples or single individuals that commit mistakes since they only look at the cost of the property without assessing it. Affordable properties are appealing yet they can be deceiving too. Brokers, real estate agents or the like can tell you that this property is a fetch since it is affordable. But at the end of the day they have purchased a property that is way much cheaper than they could think of.

So, if you are thinking to buy a real estate as a gift for your family or as an investment, think twice always. You can hire real estate companies to do the assessment for you are you can ask help from experts in this line of work. It is very important that you are familiar with these things so that you can become a keen buyer in the future.



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Rainer
389,343
Anna Hatridge
Goodson Realty - Farmington, MO
Missouri Realtor with Goodson Realty

This is a good post.  I wish you would have allowed reblog.  Even though you wrote this 2 years ago, the information is true today.   That is why I like it, it is a timeless truth.

Jul 27, 2014 06:14 PM #1
Rainer
57,071
Michael Ha Elmhurst
Rego Park, Forest Hills, Jackson Heights, Corona, Middle Village - Elmhurst, NY
Woodside, Maspeth

Hi Anna, I'm glad that you liked it. I also agree with what you say; sometimes, there are just things that apply to various situations. Thanks for the repost by thet way.

Jul 29, 2014 01:49 AM #2
Rainer
198,783
Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Great information, thanks for sharing.

Have a Big day,

Randy

Jul 29, 2014 04:39 AM #3
Rainmaker
2,809,644
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael, Buyers want to make informed decisions. They can only do that when they have all the information ... information that will mostly come from an experienced real estate professional. Anna Hatridge comment about timeless truth most certainly applies.

Jul 31, 2014 02:28 AM #4
Rainer
389,343
Anna Hatridge
Goodson Realty - Farmington, MO
Missouri Realtor with Goodson Realty

Michael, it was my pleasure to share your post with others.  Kathleen Daniels thanks. Now I have to get to work!

Jul 31, 2014 03:11 AM #5
Rainmaker
3,838,865
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Michael,

Excellent post..buyers do want to make informed decisions but they need the information and data! That is where you come in..supplying them with all they need to move forward!

Sep 24, 2014 12:13 PM #6
Rainmaker
5,461,353
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice for prospective real estate purchasers.

I was looking for your current blogs. I hope all is going well for you.

Sep 26, 2014 12:32 AM #7
Rainmaker
5,461,353
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I took the extra moments to 'like' the comments on this blog. I hope that others will do the same.

Sep 26, 2014 12:33 AM #8
Ambassador
1,167,426
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Michael, These are all certainly great things to ponder, price, location, and type of property. Ditto on what Anna and Kathleen said above.

Oct 14, 2014 12:11 AM #9
Rainmaker
1,323,116
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Hi Michael,

Great post.  A good buyer is an informed buyer.

 

Oct 16, 2014 05:26 AM #10
Rainmaker
2,047,854
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Those are good thought to ponder. By the way, I like the name of your team - very clever!!!

Oct 30, 2014 01:35 AM #11
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Michael Ha Elmhurst

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