Sample Articles on Real Estate
CHARLENE SAMOY
WRITING PORTFOLIO ON REAL ESTATE
Five Must Do's Before You Buy a House
Buying a house requires a lot of decision-making skills. There are several things that you have to
consider. You have to consult as much wise person as there are around you for valuable opinions. It also
needs ample amount of time before you can say, “I’m buying this house.”
So before you sign that contract and make that deposit, consider these five must do’s when you plan to
buy a house. These are helpful tips. For sure, your final decision will be one that suits you best and will be
something that you can consider as a successful decision.
First, assess the need. Write down the advantages and disadvantages of buying this new house over
renting or over staying in your current house. What are the significant changes that you and your family
have to go through once you move into another house? Psychologists say that moving is one of the most
stressful events in a persons’ life. Is majority of the family members agreeable to the decision? If the need
is really great and finding a new home is the best solution, then go for it but take a look first at the next tips.
Second, evaluate the type of house that you want. Is it a single family unit, condominium type, apartmenttype, bungalow, mobile house, etc.? You might want to check on several options like the homes for sale
in Airdrie. You can also ask for a house tour so you have a better perspective of each of these house
types. Be sure to also check in every room and other important sections of the house. Sometimes you get
stereotype thinking on some kinds of houses that you don’t prefer them. But when you take a deeper look
at them, you will perhaps realize that these houses are your ideal.
CHARLENE SAMOY
WRITING PORTFOLIO ON REAL ESTATE
Third, consider the surroundings. Check on neighborhood reviews to have an idea of the pros and cons of
your feasible place. Make sure the establishments nearby fits your family’s needs. For instance, if you
have school children, what’s the nearest school from your prospective house? Is the school preferable?
Are the recreation areas, church, market, gym, and other necessary offices within reach? Are the
restrictions within the area agreeable to you and your family? These are only some of the questions that
you can ask and consider.
Fourth, check the documents. Ask for important papers related to the house like the title, tax documents,
insurance, and the like. The online page where you can find the homes for sale in Airdrie has discussions
on legal matters regarding house purchase which you can read and consider. Take enough time to read
the documents. You might spot a potential source for a problem that brokers don’t usually highlight.
Fifth, prepare your budget. Buying a house is a big thing. It will eat a large portion of your family budget. If
you have not saved for the downpayment of this big purchase, what are your other options? A mortgage
requires several paperwork that you must prepare yourself to accomplish. The important thing when it
comes to finances is discipline and self-control. If you want to get the lowest mortgage rate, you must be
able to deposit at least 20% of the amount. You must also be accountable for your credits.
You can definitely have the house that you have been dreaming of. Buy it with less hassle after you
consider and practice these five to-dos. You will soon end up with a home sweet home.
CHARLENE SAMOY
WRITING PORTFOLIO ON REAL ESTATE
A “Must Read” before you Puerto Vallarta Real Estate
Buying a real estate property in Puerto Vallarta is a great decision. Before you purchase one,
consider the following helpful information which you should know about real estate in Puerto
Vallarta.
Insurance
Various types of insurance for your property are readily available in Mexico at low costs. The
following insurance is necessary among others: liability, damage, and earthquake.
Financing
Unless you are a permanent resident in Puerto Vallarta or a Mexican national which makes you
eligible for a Mexican mortgage, you need to have a back up financial sources. Real estate
purchases in Mexico are normally in cash transactions so the following aids are necessary such
as Equity Loans, Second Mortgages, Personal Lines of Credit and others.
Renal Potential
Homes and condos in Puerto Vallarta enjoy strong rental market. Annually, the average
occupancy is 70-80%. These quality properties are competitively prices and you can expect to
have them rented as good as any hotel.
Equity
Traditionally, buyers who purchase real estate in Puerto Vallarta do so for them to enjoy a
second home for vacations or retirement rather than increase personal wealth through
speculation. Short-term speculation is not a readily-acceptable idea in Mexico when applied to
real estate market. So if you own a real estate in the most desired tourist areas, you can expect
a rise in property values.
Closing Real Estate Procedures
Both buyers and sellers do not need to be present at closing but can be represented by their
Sales Associate through a power of attorney. The closing costs are paid by the buyer while the
seller pays the capital gains taxes and real estate fees. The closing process in Puerto Vallarta
usually takes between 30-45 days to process and it includes processing of paperwork and
escrow. A local public notary needs to carry out the process.
Property Taxes
Known as ‘Predial’ in Spanish, property taxes are very low for real estate in Puerto Vallarta.
Compared to USA and Canada, the rate is only around 0.08% of the assessed value and it is
determined at the time of sale. Property taxes must be paid on a yearly basis.
Maintenance
CHARLENE SAMOY
WRITING PORTFOLIO ON REAL ESTATE
For condominium owners, common area maintenance and security is usually handled by each
building’s Condominium Owners Association. You need to calculate a budget for your property
maintenance as well as set aside an amount for the common areas maintenance fees.
Property Managers
Once you purchase a real estate property in Puerto Vallarta, there are possible instances where
you may have to leave your property for a length of time. When this happens, you would want to
consider a property management company.
Are you getting a good deal?
You can get a positive answer to this question when you purchase a Puerto Vallarta property.
Comparing to what your money would buy, in relative terms, with the housing market outside of
Puerto Vallarta, you can be sure you will get a great deal. You can also include other benefits
such as local beauty, cost of living, ambiance, safety, and life goals.