Real Estate

Real Estate

Factors To Consider When Buying A Condo

Gerald Carrillo

If you are planning to buy a condo, there are a lot of features you are likely to consider. You need to keep in mind that you are about to purchase a condo that you will be using for the rest of your life. First, you need to ensure how the condo is managed. You will realize that there are some of the condos that are badly managed. Therefore, conduct your own research and have a knowhow of the fees that are associated with the maintenance of the condo.

Also, it is recommended that you make sure that the condo is the right choice for you. This is because different people have different likes. Make up your mind and know what type of a Precondo you want. Do not buy a condo because most people in your region have one. Also, ensure that you know some of the crucial features to consider when you want to buy your condo. The following therefore are some of the factors to consider when buying a condo.

Tips for buying a condo

Location

When buying a condo, this is one of the important factors you are required to consider. Whether you have a family or you are single, location is the best option to consider. You need to ensure that place is strategically located. Also, there are some of the important features you are required to consider a location. You are also required to consider your place of work. Ensure that you choose a …

Real Estate

Great planning tips for city

Tyrone Caldwell

One of the biggest obstacles city planners face coming up with city plans that meet the needs of the residence. To efficiently execute a great city plan, you need to consider these key features

Keep the plan focused on where you are headed

 

Most plans are usually centered on what’s possible today as compared to the changes that are important tomorrow. Making a plan focused on tomorrow’s need is important in catering for the coming changes and shortcomings. On the other hand, plans provide an effective way to improve people’s operations and are centered towards development.

Take account of outcomes compared to durations

Most plans are limited to certain durations like 10,20, 30 years and so on. They also encompass population estimates and population growth over a specified period. Such numbers are merely a projection and not the target. Its important to know that population growth doesn’t stop at the end of the plan. That’s why plans need to factor in the nature of growth as opposed to the speed of growth. One way of turning around a plan making process is by preparing for outcomes that consider targeted population level. The primary concern in planning is evaluating a way that takes into account additional people in a way that meets development goals as opposed to the current standing of the old state

Active residents ‘participation

If you should come up with an efficient city plan, then residents of the city should be a participant to the changes. There …

Real Estate

Fiduciary duties of a real estate agent

Tyrone Caldwell

It is vital to understand the duties/roles of real estate agents in order to learn the extent to which you may hold them liable for their actions. The lack of knowledge of these duties consequently leads to gross violations of the rights of your rights as a buyer in a particular real estate transaction. A fiduciary relationship is a relationship of trust between a principal (the buyer) and an agent (the real estate agent). The agent is thereby entrusted with the responsibility of making decisions for the best interest of his client. This is also a legal and ethical relationship which means that the agent has his duties and obligations set out in a given legal regime.

In essence fiduciary duties require a real estate agent to be candid, trustworthy and honest in discharging his functions to the buyer. These functions include negotiation, reviewing documents, reviewing contracts and making/receiving requisite payments. A breach of the duties will result in irreparable damages on the buyer, and therefore it is prudent that the purchaser is aware of these duties in order to seek redress in a court of law in case of a breach.

 

Disclosure

This duty requires that the agent must be willing and ready to reveal all material facts of the transaction to his clients. The facts herein may be those acquired before or after the commencement of their contractual relationship. However, the agent will not be held liable for information that was beyond his knowledge during the contractual …

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