Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 15 years ago

Buy A Plano Home With Confidence

Choose a Plano Home for Your LifestyleThere’s a variety of homes for a variety of lifestyles. You will probably have different needs if you are retired than if you are raising a family of four.   Single-family homes:  Single Family Homes are free-standing structures that don’t share walls with any other homes.
  • Duplexes: Duplexes are residential complexes consisting of two separate residential units that are attached.
  • Condominiums: Also known as condos are typically apartment-style properties within a building or complex. The units are owned individually and the common parts of the property, such as the grounds and building structure, which are owned jointly by the unit owners.
  • Housing co-operatives:  Co-op owners own shares in a legal entity, typically a corporation that owns a group of homes, usually one or more apartment buildings. Each shareholder usually has a lease agreement with the co-op, and the co-op's rules provide tenure for its residents.
Due diligenceAs with all major buying decisions, in buying your first home, relocating or up sizing or downsizing, you want to make sure you get all the information you can about a specific home and the community in which it is located and get the best advice possible. You will want to consider using the services of an experienced Plano Realtor who can help you with your due diligence, negotiations, and Hansel all the details through closing. Depending on your personal circumstances may also want to consult an attorney and/or a tax advisor.Consider these home purchase items before moving forward with any Plano home purchase.
  • Price: Research comparable home sales to insure that you are not over paying for your Plano home.  Access to the Plano MLS is the best way to do this research.
  • Title: Have a local Title Company research the title to make sure it is clear; that is, free of liens, easements, and other encumbrances?
  • CCRs: Are there any covenants, codes, and restrictions on the property?  Is the property fall under a Home Owners Association?
  • Insurance: Can I get the proper insurance at an affordable rate?  Is the property located in a designated flood zone?
  • Deed: What type of deed will I be getting?  This item is often overlook but is of the utmost importance.  Check with the title company for your options.
It is a great time to buy Plano Real Estate.  Due diligence, careful thought and a little faith will go a long way in finding that perfect Plano home that you will enjoy for many years to come.  You may find out that it will turn out to be a great investment as well.

Comments