Buying a student condo can be a great investment in College Station. Among the benefits are the increase in equity during the time your student lives there and the learning experience for your student. Watching you complete the purchase can teach them valuable information about real estate transactions.
How do you ensure a successful purchase, one in which the student is happy, you are happy and you are enroute to a gain during the years you own the property?
The first secret is to find an agent VERY familiar with all the condo and townhome projects around town and will familiarize you. All of them have their upsides and downsides and you need an agent that will discuss the pros and cons of each complex and educate you to what is available, and what has traditionally made good equity leaps. There are many choices in our town, and it is a huge mistake to make a decision without seeing what other complexes are available. Many people go for the latest development because of a nice brochure only to find out that their resale value isn't as high as their mortgage.
The second secret is to match the condominium with your students (and their friends) personalities. A more outgoing student sometimes will not be happy in one of our more sedate complexes just like a quiet student won't be happy in party central.
The third secret is to choose roomates very carefully. Sometimes long time friends make the worst roommates. Family, at times, makes the best roommates you can get. If cousins are attending together, and get along well together it can be beneficial. Good friends have often left their college condos never talking to each other again. Family is always family!
Chosen carefully a college condo can be an excellent investment and an asset to your investment portfolio. Call me to schedule a time to look at all your options!
Looking to list your house and wondering who might do the job well? There are things that you can do to ensure that your listing agent will be doing more than playing golf and hoping that your house sells.
1). Do your homework first. 86% or more of homebuyers are starting out on the internet. Do Google searches and Yahoo searches to see who is showing up on-line. Not necessarily at the very, very top because those are sponsored searches that agents are paying up to $5.00 per click for... Agents that do well with their websites show up high in natural searches because their website content is good, drawing more buyers.
2). Interview a few agents. Don't just settle for the neighbor, or your coworkers spouse. Schedule interviews with several agents and plan on having them look at your home, give you an estimate of sales price and tell you about their marketing.
3). While the agent is out at the interview have them sit down with you on the computer and show you where they are advertising their other listings. Do they have extensive web exposure? Do they advertise on Craigs List and V-flyer? Do they have virtual tours too?
4). Have the agent pull up the MLS and show you their current listings. Do they have as many pictures as possible? Are the descriptions for the property good?
These steps can ensure that you get a great agent that will work hard for you. Don't just choose the first name you run across, choose the best!