Real Estate can be a tricky, complicated, and confusing. If you’re looking to buy commercial property then a few more questions need to be asked and time needs to be spent. Take a look at a few steps to help you manage your home/commercial buying experience, where the best place to stay informed, and have all your questions answered.
1). Commercial Properties
The first step you need to take before you purchase a commercial property is to know what you are looking for. Ask yourself some important questions: what kind of location do I need? How much can you commit to the property? How much work/maintenance are you willing to put in?
Secondly, figure out your financing. What’s your interest rate? How will you finance it? There may be more than one option out there for you.
Lastly, learn the language. Loan-to-value, debt service coverage ratio, capitalization rate, and Ad Valorem are good terms to understand as you begin to search the market.
2). Home Buying
First determine how much house you can afford. Once you figure out your financing, apply for a mortgage and get prequalified. Call Sonia Moncayo and let her help you shop for the home of your dreams.
Don’t forget to get a home inspection, have the home appraised, and put together the list of paperwork that will be asked of you to provide when it is time to start the closing process.
3). Call Sonia Moncayo
Buying commercial real estate can be a long process. And you need the best representation if you want to buy the home of your dreams. With challenges along the way, let Sonia Moncayo help you buy your home/commercial property. (562) 787-1040
4). Tune-in to LatinoMex-Radio
Tune-in to LatinoMex-Radio on the third Saturday of the month from 1-4pm to catch host Jackeline Cacho talk to Sonia Moncayo about tips, tricks, and information on buying your next home or commercial real estate property.