Whether you are a first-time home buyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing time frame?
Here are some real estate tips from Warren Buffett, the third richest human being on the planet, who spun quite a bit of wisdom on real estate.
1. Homes Increase In Value Over Time
“It’s a totally sound premise that houses will become worth more over time because the dollar becomes worth less,” Buffett declared.
Home ownership is asking the following questions :
Are you ready? Do you know what you want? Do You Have The Money? Less money down means higher monthly mortgage payments, so most home buyers choose to buy with some cash up front.
2. Buy Low (And Now Would Be a Good Time for That)
For many investors while buying low and selling high sounds great in theory, in practice it’s hard to implement. How does one know when an asset is priced cheaply? It’s not easy to know when assets are trading at bargain basement levels. But sometimes, knowing that something has dropped a lot is enough to make it a good investment.
3. Don’t Wait Too Long To Take Advantage of Low Prices
Pre selling stage, Is this a good time to buy your first home? It depends on whom you ask.
Do you have a stable job you expect to keep? Do you have money saved for a down payment and repairs? Are you likely to stay in the house at least five years? If you’re living in a one-bedroom apartment and expecting your second child, this may be an excellent time to buy a house, before you lose your mind unless the circumstances of your life and of your community make renting a better bet.
4. Important elements to look for in real estate investing
Searching for a new home to buy including all factors in buying a home in a different place is sometimes tiring. You are not only to focus on the home structure itself but as well to the location and the establishments nearby.
Time and time once again, the leading 3 requirements with the household purchasing procedure arrives again to area, place, and location. You must consider the following factors :
HERE ARE A LIST OF ARTICLES YOU MAY KNOW ABOUT CEBUREALESTATEAGENT.COM
Bank housing loan requirements and Pag ibig Housing Loan Requirements Philippines are important documents that a new housing loan applicants must know before engaging into investing in real estate rentals.
There are standard requirements asked from the applicant upon Loan Application and prior to Loan Approval.
Here are some basic documents required upon Loan Application:
PAG IBIG HOUSING LOAN REQUIREMENTS PHILIPPINES
If Employed or Self-employed:
All of the above plus the following:
BANK HOUSING LOAN REQUIREMENTS
If in the Philippines:
If Borrower is permanently abroad:
IN-HOUSE FINANCING REQUIREMENTS
Different Developers have different set of requirements so it is advisable to check with your Developer their own list of requirements.
In-house financing requirements is said to be of less hassle than Pag-ibig and Bank Financing. Usually the equity is lesser and moving in your acquired property is faster. Below are common requirements for in-house financing :
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Avida Towers Cebu is located in Asiatown IT Park, Cebu City Philippines, an integrated, master-planned, mixed-use community developed by Ayala Land-affiliate, Cebu Property Ventures and Development Corp. It is part of the larger Cebu Park District, which plays host to many of the region’s corporate headquarters, business and IT/BPO offices, and commercial and retail centers. Experience the convenience of integrated living. Avida Towers Riala is redefining condo living in Cebu by putting you right in the city’s most dynamic lifestyle district.
Avida Towers Cebu is a place where everything feels secure, including your future. Live without compromise, The LONG wait is finally ALMOST over…
Avida Towers Cebu Location : The Cebu I,T, Park, Lahug, Cebu City Philippines
Studio Unit Floor Layout – Area: approximately 22 sqm
Price Range – 1 Million +
1-Bedroom Unit Floor Layout – Area: approximately 36 sqm
Price Range is 2+ Million
2-Bedroom Unit Floor Layout – Area: approximately 52 sqm
Price Range is 4+ Million
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