Typically, when someone thinks of the Lehigh Valley, they think of Allentown, Bethlehem, or Easton. It is true that these are the 3 largest cities in the valley but when thinking about Lehigh Valley Real Estate it encompasses a much larger area with all types of Real Estate For Sale.
Lehigh Valley Real Estate can be broken into categories:
- Residential Resales
- New Construction
- Investment
- Mixed Use
- Commercial
- Land
Lehigh Valley Real Estate CategoriesResidential Resales - Most commonly a transaction in which a Lehigh Valley Home Buyer purchases a home lived in and being sold by the owner (www.LehighValleyHomeBuyer.com or www.LehighValleyHomeSeller.com)
New Construction - Townhouses, single residential, and 55 Plus Communities are all part of the new construction being developed in the Lehigh Valley.
Investment - The Property is being purchased to rent out or renovate and sell. Investors are looking for a good deal and tend to concentrate on foreclosure properties, short sales, and rehabs. They may consider a residential resale depending on the circumstances. There is typically no emotion in the purchase of an investment property. It all comes down to the numbers. Either they work or they don't.
Mixed Use - Usually combines a commercial property with residential property (i.e. a store with two rental units above). When submitting an offer for a mixed use property contingencies should be put into the contract to protect the real estate buyer and ensure that the property can be used as intended.
Commercial - This can involve anything from a family owned business to a large corporate owned facility. Planning approval and zoning may take a large part and the contract should have contingencies to ensure each step is correctly facilitated.
Land - Real Estate involving the purchase of Land may require special financing. Why is the land being purchased? Do you wish to build a house and require a construction loan? Are you intending to purchase a franchise and build a restaurant? Each situation is unique.
Lehigh Valley Real Estate Financing
Within each type of real estate category, you may have financial situations directly affecting the purchase.
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