The Home Buying Experience In Upland, CA - Part 1

The Home Buying Experience In Upland, CA - Part 1

The buying experience in Upland, Ca, as in other locations invokes a world of emotions as you progress through the experience. Things may seem jumbled as in the picture, but hidden in the process is the excitement of the search, fear of the unknowns of ownership, joy of the acceptance of the offer, yearning for something new, agitation with a counter offer and satisfaction with your successful purchase are among the feelings you are likely to experience in your quest for a new home. The emotion that we try to eliminate is surprise. The more that you know about the process of buying a home, the less likely that there will be surprises.

The home buyeug experience also involves one of the largest transactions you may ever make, involving lots of work and satisfaction. Not surprisingly, there is a right way and a wrong way to go about this, and the right process may vary for different individuals, based on their goals, life circumstances and the nature of the transaction.

This is the practical side of the home buying experience that I'll address here and the articles to follow. This is specifically for those intending to move into a home. Investors, while still home buyers, have entirely different motivations and criteria so will not be addressed here.

For the past year or so, the market has been driven by the "first time buyer." Prices have fallen drastically and interest rates are at near record lows. The home affordability index is higher than ever meaning that a bigger share of the population makes enough money to afford a home, even with tighter lending practices. We will be addressing situations where the buyer has never owned a home before (the 1st time buyer), The Move-up buyer in which the first home just is too small or changes in circumstances permit larger homes, and finally, the Down-size buyer who may be an empty-nester or just does not want to (or can not) maintain the family mansion and wants smaller accommodations.

This will be a multiple part series with the next installment in the next post. "Stay tuned".