It’s getting tougher and tougher out there to find a home to buy in Los Angeles  with the low inventory, so if your are moving to Los Angeles or downsizing your home, then a rental is going to be the way to go.Buying a Los Angeles home? Find a rental while you wait

Not that rentals are easy to find.  The minute the good ones come on the market they are gone.  But if you know what you want and move quickly then you stand a good chance of finding the right property.  This will give you a good amount of time for inventory to build and for you to find a Los Angeles home to buy since rental terms are usually for one year.

How can you make the chances for finding a good rental easier?  Broaden your requirements.

You may want a 3-bedroom.  Can you make do with a 2-bedroom?  If so you will have more choices

You want inside laundry.  Can you make do with a community laundry?  Again more choices.

You want a pool?  Absolutely necessary?  There may be the perfect place without one.

Can you live without hardwood floors?  Most places will have installed new carpet.  Will that do?

Do you have to have an upgraded kitchen and bathroom?  The place may be lovely, and completely functional, but original.

If you don’t intend to live in a rental property for more than a year, then you may be able to look past the things you are going to want in a permanent home.  It will make things much easier in a competitive rental market.

Homes for rent in Los Angeles

 

 

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:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.



Read more: http://www.homejane.com/cant-find-a-home-to-buy-in-los-angeles-lets-help-you-find-a-rental-while-you-wait.html#ixzz27slMuJQE

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

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25 Comments on Buying a Los Angeles Home? Find a Good Rental While You Wait.

20 Most Recent Comments Displayed Show All

SEP
29
276,190 Points 17 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I would much rather settle for features in a one-year rental than features in a home I purchase. Your advice is sound!
1:15pm • #6
771,756 Points 70 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kathy,  thank you.  It just makes sense to settle down for one year and take your time to look for what you really want.
1:17pm • #7
1,013,443 Points 43 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jane - I have several buyers in temporary housing while they search for a home to purchase.  They are practicing delayed gratification--not always fun but usually worth it.
1:20pm • #8
771,756 Points 70 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Norma,  and pretty much the only choice right now.
1:36pm • #9
671,177 Points 28 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Utilizing a top agent like you will help buyers find the perfect home... or rental in Los Angeles!  Kathy
1:45pm • #10
491,879 Points 52 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Dialing down what buyers want is a must when they decide to become renters.  They just have to understand that it's temporary and their perfect house will eventually turn up - working with you, of course!
2:57pm • #11
579,288 Points 15 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Hi Jane - sounds like good advice - it is amazing how fast some of these rentals go for!!!  Although I heard there was  a $200k/mo rental in Malibu - think you could find someone for that one?  Pretty awesome!!!
3:15pm • #12
771,756 Points 70 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kathy,  thank you.

Margaret,  there you go:)

Courtney,  oh there are higher than that.  I think I saw one for $250K.
3:23pm • #13
423,432 Points 9 Featured Posts Outside Blog Called Shot Master

Jane - Your experience and expertise in the Los Angeles real estate market - buying, selling, and renting are a winning combination for any person needing help.  Great information for buyers and sellers to have!   
5:02pm • #14
649,576 Points 111 Featured Posts Outside Blog Called Shot Master

For those who are selling, they may want to seriously consider renting as a short term option so that they don't feel do hurried. This is great advice Jane, but how could I expect anything less from you.
5:29pm • #15
1,008,867 Points 50 Featured Posts Outside Blog Called Shot Master

Jane - I couldn't agree with you more, I can't count how many times in the last several months that I recommended relocating home buyers find a rental while they look for that perfect property.  
6:48pm • #16
719,999 Points 69 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jane - I just helped a client find the right rental.  He couldn't settle and that was fine, he had the luxury of time.  So when the right one came on the market, I told him to meet me at the townhouse and we made an offer right away.  We signed the lease yesterday and he moves in later next month.  Good rentals are harder and harder to find.  There were multiple back up offers on the rental after my client's offer was accepted.  Oh, and forget about negotiating, make a full price offer!
7:34pm • #17
990,311 Points 6 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
These are good tips for a Renter to position themselves for SUCCESS!
7:35pm • #18
876,466 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Jane = amazing how the markets are changing.  There is very low inventory in many locations and it is difficult for those who want to buy soon.  We are seeing quite a lot of short sales and fewer foreclosures.
7:59pm • #19
1,363,859 Points 42 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jane - You're so right about the inventory and about being willing to consider giving in a few areas on a rental as well.
10:51pm • #20
SEP
30
1,168,360 Points 159 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Since renting is usually temporary, I would think that most would be more flexible on broadening some of the criteria.  Not only will it give you more choices, but it can save you money...which you can put towards a home purchase in the future.
3:41am • #21
698,114 Points 84 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Great advice Jane !  This is a super strategy to buy some time before buying a home.  It is amazing regarding the low inventory as that is a National issue now.  The housing market is bouncing back strong as a result. 
7:18am • #22
771,756 Points 70 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Laura,  thank you.  Appreciate it.

Charita, :)

Michelle,  it just makes sense.

Gail,  I know.  There is little or no wiggle room.  And once renting a potential buyer has the luxury of time to look for a purchase.

Cheryl,  that's our aim, right!

Joan, right, hence the need to look for a good place to hang your hat while you wait the market out.

Christine,  they have no choice.

Debbie, a good reason.  Save money on your purchase.

Chris and Stephanie,  it is not going to bounce back unless people start selling :(

 
11:14am • #23
OCT
01
871,373 Points 8 Featured Posts Outside Blog Called Shot Master

Jane, having such a competitive real estate market is great for us as agents, but can be daunting for some buyers. They need an experienced agent like you to help them through the process of finding their perfect home, even if it means living in a rental temporarily. :)

Leilani
1:32am • #24
771,756 Points 70 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Leilani, thank you.  And yes, the market is extemely competitive.
8:47am • #25

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Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) Rainmaker_large

Jane Peters - Los Angeles Real Estate DRE# 01439865

Los Angeles, CA

More about me…

Power Brokers Int'l

Address: Beverly Hills, CA, 90210

Office Phone: (310) 473-6919

Cell Phone: (310) 473-6919

Email Me

A Los Angeles Realtor® specializing in absentee owners, out-of-town buyers and those needing extra assistance with one of the most important transactions of their lives. Just sit back and relax! You are in capable hands.

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