Buying a new home is one of the most exciting and rewarding adventures.
Whether you are looking to buy a new primary residence, a secondary home, investment property, or a commercial building, we can help you find the best realtor for the job.
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Types of Purchases
PRIMARY RESIDENCE
A primary residence is considered the place you live and spend a majority of your time. To be considered a primary residence, you must meet the following:
- Must live in the home for a majority of the year.
- Home must be located within reasonable distance from your place of employment.
- Begin living in the house within 60 days of closing if financing with an FHA loan.
SECONDARY RESIDENCE
A secondary residence occupancy classification depends on how you occupy the property. To be considered a secondary residence, you must meet the following:
- Must live in the home some part of the year.
- Home can’t be subject to a timeshare or rental agreement.
- Purchaser must have 100% control of property.
INVESTMENT PROPERTY
The sole purpose of purchasing an investment property is to rent it out or earn income from it. Investment properties tend to have the following:
- You intend to earn a profit from the home.
- You will not live at the property.
- You plan to purchase and flip the house for profit or rent the property for income.
COMMERCIAL PROPERTY
Purchasing a commercial property can feel like a big step, but it can have tons of great benefits. Purchasing commercial VS residential has some major differences:
- Returns are often higher than residential property.
- Purchase process is more straightforward.
- Multiple different types of commercial property.
PURCHASE YOUR NEXT HOME
A new primary residence, secondary residence, investment property, or commercial property. The sky’s the limit. Our dedicated and passionate REALTOR® team is ready to help you find the PERFECT next home.