Like any other new construction condos, there are several things that make it different from a conventional real estate purchase. If you are interested of buying such condominium, here are some of the guidelines that can help you make a good acquisition.
Hire an expert
Icon Brickell condos, like any newly constructed condos are not the same as with other real estate properties. With this it is always important to consider the expertise of a real estate agent. When it comes in hiring a real estate agent, it is very important to hire someone who is equipped with all the important information on this certain market. The agent must have enough experience in handling a new construction demands and of course he or she is after your best interests at heart.
Never Skip Inspection
Basically, buying a real estate property like an Icon Brickell condo is the same as conventional residential purchase. You still need to do an inspection. Normally homebuyers skip this stage of purchasing a property because they are confident enough of the structure of the property because of knowing it is newly constructed. Keep in mind that it is important to determine that the structure is indeed safe and excellent through your own professional home inspector.
Look for the Loan
Though you do not have plans of moving in with the condo immediately, keep in mind that you still need to pay for the initial deposit. Financing is always an integral part of home-buying especially with those properties that are really in demand. There are times that developers offer their own lender; with this you have to discuss it first with your real estate agent. But it is always advisable to choose own lender for this kind of purchase. This way you will know that the lender will not have any other interest than his or her own.
Know the Builder
It is very important that you know who are building your future home. Of course you do not want to rest your future condo-ownership to someone who has a history of slipshod and questionable work. With this it is always important to gather all your resources and use them in research about the builder of the condo.
Though you are buying a newly construction, like the Icon Brickell condos, your lender will most likely require an appraisal. Like any real estate investment, it is always important to have certain amount for these sorts of expenses. You must always allot certain amount not only for appraisal but with other costs too.
Icon Brickell Condos