YES :
Visit to your bank or Mortgage Broker, for Professional advice based on your present income etc… This will give a clearer picture of the amount that will be mortgaged to you. This step is important in that you do not waste time looking at properties which you cannot afford. Please note that most Real Estate Agent may be hesitant to show you any property for sale before this step takes place, so get pre-approved before you begin your search. We can recommend to you excellent qualified Mortgage Specialists who can perform a Free Mortgage Evaluation for you for FREE
It is advisable that you look at the neighbourhood you would like to live in, do some research and inquire about the area as to whether this location is within your approved budget as some locations contains highly priced properties for example Gulf View , Bel air , Valsayn , Federation Park , Westmoorings etc. where Prices of houses are in the millions whereas other areas you can perhaps find Properties valuing under $1,500,000, Other factors to consider such as flooding , criminal activities ,are there any nearby properties that could be a nuisance eg bars , mechanic , gas station , near to Commercial high traffic area etc. remember you may be in this property for the next 15 to 20 years
Almost any types
Example House, Land (Agricultural and Residential) , Townhouse or apartment,
Commercial Building, Apartment Building etc…
Yes you need to take into consideration Stamp Duties and Legal Fees which is based on the cost of the property. You would also need to consider Valuation fees which are usually between 1/3 to ¼ of 1% of the value of the property plus VAT. You would also need to consider Mortgage Indemnity Fees which is based on several circumstances. Your Mortgage Officer would discuss these fees with you when you are ready to proceed
  • You would need to look at nearby properties are there any run down homes , drug blocks , abandon homes etc ….in the area
  • Does the plumbing fixtures work
  • Electrical wiring adequate for all your appliances
  • Do you notice any stains on the ceiling as evidence of the leaking roof
  • Do you see signs of termites internally or external
  • Are there any cracks on the walls or do you see signs of recent plastering … if yes could be signs of serious problems with the foundations and you may need to get a professional to look at this before hand
  • Walk around the yard the see if there are any signs of leaking sewer of waste pipe
Rent to own properties are very rear and hard to find most owners prefer to either rent or sell their properties where you pay 10% down payment and 90 days to pay off the balance rather than rent to own. Perhaps you may want to consider the option of purchasing land and building within your budget. In that way you can build your dream home within your own time frame, budget and design.

These are just a few questions you need to consider when buying a property, remember don’t be rushed take your time and weigh your options based on your financial situations. Hope this information was useful. Look forward to hearing from you soon