| 1.
Determine your objectives, wants and needs. Consider
location, budget, and use of apartment or investment
property. |
| 2.
Pre-qualify so you can obtain the financing you will
require. Determine your comfort price level for monthly
payments. Don't forget to factor in maintenance, insurance,
and other costs. |
| 3.
Establish a plan for the apartment search with
your Elika Associates Agent. |
| 4.
When you find an apartment you like, conduct research
in conjunction with your Agent. |
| 5.
Walk the neighborhood. You will be surprised at the
useful information you will pick up. You may also want
to view the home at different times of the day. Factors
like shopping, entertainment, recreation, etc., will
all determine if you will feel at home in a neighborhood. |
| 6.
Evaluate access to transportation in the selected neighborhood(s) |
| 7.
Evaluate building amenities and house rules in terms
of your needs (ie; washer/dryer permitted, gym in building,
pet policy, storage facilities, etc.) |
| 8.
Once an apartment has been selected, review the building's
financials with your broker/attorney. This is an important
step when you consider that a home is typically our
greatest financial responsibility. |
| 9.
Estimate the current value of the home. |
| 10.
Prepare for the Offer to Purchase and determine negotiating
strategy. |
