As a first or second time home buyer, the home buying process can raise a lot of unanswered questions- that’s why we’re here!
Both experienced home buyers and first-time buyers will benefit from the frequently asked questions below. Before you begin your Los Angeles and Beverly Hills home search, it is recommended you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision.
Q – I’ve never purchased a home before. Where should I begin?
A: The best way to start is to educate yourself with market research and neighborhood information. Prior to starting the home buying process, check your budget, learn about the market and carefully review how to eliminate debt. It’s important to make sure you have a solid down payment when it comes to making an offer and purchasing your next home!
Q – I want to keep updated on new listings. How can I do this?
A: The best way to stay updated is to work with a real estate professional who is knowledgeable like Valerie Fitzgerald and her group of well-respected realtors. You can sign up to receive automated e-mails from our team that will keep you in the loop with all the latest on market information, new properties and off-market listings.
Q – With all the bad news about mortgage products and home foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?
A: Once we meet and review your finances along with your home buying needs, you should select a lending consultant. We can recommend several trusted lending professionals or you can choose your own. It’s important to have the upmost confidence in your lender. They should speak to you in easy to understand terms. Ask lots of questions and never sign any document until you know exactly what is stated. More and more lending professionals are recommending fixed interest rate loans and interest rates. Ask yourself these questions to determine which type of loan is right for you!
How much money do you have for a down payment?
How long do you plan to live in the home?
Do you qualify for a FHA or VA loan?
If you’re ready to schedule your home buying consultation, contact The Valerie Fitzgerald Group and we will review your needs and your budget to help find the right Los Angeles and Beverly Hills home for you!