If you are a first-time home buyer in Los Angeles and think that you have to settle for one of those starter homes, think again!
Los Angeles home prices are somewhat stable, and mortgage interests are still historically low. First time home buyers can afford more than in previous times. Also, they don’t have to offload a house to be able to buy and new one.
However, buyers should be prepared to stay in these homes for a while as prices are not expected to rise significantly in the near future.
Also, the lending environment is tight. First time home buyers need to keep an eye on the credit scores. Pay off your credit cards, student loans, etc and don’t open or close any accounts.
The FHA loan is a popular one, as it requires a low down-payment of 3.5%, lower interest rates, and is easier to qualify for. But know that any loans over 80% are going to require mortgage insurance, and that is due to rise on FHA loans in April.
If you intend to stay in your Los Angeles home more than five years, then it makes perfect sense to be buying now under the present favorable conditions.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate – Culver City single family homes, Culver City condominiums
- Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
- Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
- Echo Park Real Estate – Echo Park single family homes, Echo Park condominiums
For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.
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