How to Get Started to Buy a Los Angeles Home
Are you ready to buy a Los Angeles home? Buying a home – if it is your first home, or you are moving into a new home – is an exciting time, and it can be scary. Buying for a Los Angeles home involves several steps.
First, you probably have narrowed your search to a few select Los Angeles neighborhoods. Then, here are four steps you can take to find your dream home:
1. Determine the type of home that best fits your budget and lifestyle. You can read this article: buying a house versus a condominium. Choose the type of home that is the most appealing yet practical for you. In addition to single family homes, condominiums or townhomes, there are multi-family homes. Multi-family homes (like a duplex or a triplex) are often good for home buyers because these rental properties can bring rental income to help with the mortgage payment. You can live in one unit and rent out the others.
2. Consider your budget and finances. It is very important to find the balance between your needs, wants and desires … and your budget. Usually this involves a compromise. Find a balance between your needs, wants, desires and budget. We recommend making a priority list of what you absolutely must have in a home, what you would like to have, and what is not necessary. For example, for some people a garage is a “must have.” For others, a garage falls under the heading of “not necessary.” This priority list will help establish your home search criteria. If you are buying a home with another person, this is an important step in the home buying process to ensure harmony in your home search.
3. It may be hard to remember all the houses you see while looking for a Los Angeles home to buy. We recommend keeping notes on each property, with key words that will “trigger” your memory about each home. Sometimes there is a brochure or flyer on the property with photographs and a description that will help you to remember that home and it’s amenities.
4. When you finally find your dream home, be prepared to make an offer. To determine the price that you want to offer, review a history of sale statistics of similar properties in a similar location with your real estate agent. Think about the Los Angeles homes you have seen during your home search and compare price, amenities and location.
Would you like to start looking at homes that are for sale in the Los Angeles area? Use our Contact Form and we can help you find a home!
Here are recently listed Los Angeles homes for sale:
$350,000 : 414 E 59th Place, Los Angeles4 beds, 2 full baths
$299,000 : 12736 Belhaven Avenue, Los Angeles3 beds, 2 full baths
$829,000 : 11045 TENNESSEE Avenue, Los Angeles2 beds, 3 full baths
$375,000 : 8630 S FIR Avenue, Los Angeles3 beds, 2 full baths
$549,000 : 1950 W 81ST Street, Los Angeles3 beds, 2 full baths
$739,000 : 1814 Pennsylvania Avenue, Los Angeles5 beds, 3 full baths
$949,000 : 3787 MOORE Street, Los Angeles3 beds, 2 full baths
$485,000 : 2329 N INDIANA Avenue, Los Angeles2 beds, 2 full baths
$1,695,000 : 6510 W 5TH Street , Unit 1, Los Angeles3 beds, 2 full baths
$2,995,000 : 8249 MARMONT Lane, Los Angeles4 beds, 4 full baths
See all Real estate in the city of Los Angeles.
(all data current as of 4/29/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.