Time frame – is your son or daughter currently renting an apartment? This is important to know so you can plan ahead.
30 days IF YOU PLAN ON PURCHASING USING ALL CASH (cash means money in your bank account, this does NOT include any offshore financing or creative financing). This does not include new development or new construction buildings. If new buildings, it can be much longer depending on the building or it can be quick. Typically, the quickest we can close would be 15-20 days.
60 days or LONGER if FINANCING: If you are planning on financing this investment, be sure to speak to a local U.S. lender that is familiar with our local market, the lending rules, and the mortgage products that may be suitable for you and your son/daughter. I can help identify qualified lenders if needed.
Location – Location is everything in buying Real Estate. Where is the school your son or daughter will be attending? Or where is their office? Would you prefer a neighborhood that is closer to where they will be going to daily? Or is there any specific preference? College town neighborhoods vary, many convenient and central neighborhoods are in high demand but vary regarding safety, noise level, price and availabilities. Buyers should understand their options before any decision is made to purchase a condo for their children. Some parents might consider having their son or daughter become a landlord of a home while in school. Most properties in East Lansing area nearest campus have license restrictions to rental. Therefore, it is important to have the right agent to assist in any purchase.
Experienced and efficient Bilingual Real Estate Agent:
Century21 is Internationally the most recognized Real Estate company according to proven, independent research. I am bilingual in Mandarin/Cantonese Chinese and English. Century21 Looking Glass also the Lansing market experts to educate you regarding the housing market. Working with me will help you find the most ideal home and I will assist you throughout the process to ensure a stress free transaction.
To avoid any delay or issues during your home search for your son and daughter, it is advantageous for you to team up with agents who have the experience to ensure a smooth process. You may have purchased homes in your home state or country before, but Lansing is a very unique market. Real Estate policies, practices and opportunities are very local so it will benefit you as a buyer to best prepare so you do not waste any of your precious time if you plan to visit the USA and identify a property for your son or daughter, call us today to plan this purchase today or have your son or daughter contact me directly.