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How to Buy Your First Home....the Easy Way!
Avoid the 10 Most Common, Painful, Frustrating Mistakes First-Time
Home Buyers Make
Buying a residence can be a hair raising experience. You will
experience a roller coaster of emotions while finding the right
place, securing the loan and finally moving in. For most of us,
the first time home purchase is the largest investment we’ve
ever considered. The emotions of purchasing something so expensive
and personal can often cloud our business judgment.
Most home purchasers do little or no research before they invest
their nest egg. Doesn’t it make sense to become as completely
informed as possible before you buy your first home? This special
report is designed to help you avoid 10 common and crucial mistakes.
The right real estate professional can help you make good sound
business decisions based on your personal situation.
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Inspect, Inspect and Inspect - Go over the
inspection report with a fine tooth comb. Make sure the report
was done by a professional organization. For condo purchases
go over the CC&R’s, By-Laws, and Association Fees.
Don’t take anything for granted... inspect everything!
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We have
a google map tool that enables you to see information
on each one of the Los Angeles neighborhoods, as well
as search the area for homes and condominiums for sale
by price range. CLICK
HERE TO VIEW |
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Imagine the Los Angeles Property Vacant -
Your furnishings and decorations will be the ones filling this
new residence. Don’t be swayed by beautiful furniture;
it leaves with the owner.
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Income + Lifestyle = Mortgage Payment - Sit
down with your professional real estate agent and honestly discuss
your income level and living expenses. Take into account future
considerations, children, add-ons, amenities, and fix-ups. Your
dream home is certainly worth a sacrifice but don’t mortgage
your entire future.
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View Several Los Angeles Homes - See at least
7-10 properties. Don’t move too slow but don’t move
on the first property you see. With your agent’s help
you should be able to view enough properties to get a good overall
perspective of the home market. When you find the right property
all the leg work will be worth it.
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Utilize Your Team - By aligning yourself with
the right real estate professional you will have an entire team
at your disposal. Utilize your lender, title rep and agent.
Each of them should work hand in hand for your benefit. Explore
all the options before you sign.
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Be Columbo - Check out all costs and expenses
before you sign. Utilities, taxes, insurance, maintenance and
home owner dues if applicable. Make sure all utilities (gas,
electricity, and water) are on during your walk-through so you
can inspect everything in working order. Ask lots of questions
and be very detail conscious.
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Do a Final Walk-Through - Visit the property
after all furnishings have been moved out to be sure there are
no surprises. Be absolutely positive the property was left exactly
as you had agreed upon in the contract. Things that could have
been spotted in a final walk-through are often unintentionally
overlooked.
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Plan For Flexibility - Closing dates are not
written in stone. Allow for contingencies and have a back-up
plan. If you or the sellers need a little more time to conclude
the final arrangements, don’t let these delays upset or
frustrate you. These types of circumstances are not uncommon
in a real estate transaction.
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If It’s Not In Writing, It Doesn’t Exist
- All promises and discussions should be in writing. Don’t
make any assumptions or believe any assurances. Even the best
intentions can be misinterpreted. Have your professional keep
an ongoing log in writing of all discussions and get the seller’s
written approval on all agreements.
- Loyalty Breeds Loyalty -
Be open, honest and up front with your team. Hard feelings and
disloyalty will cause headaches, delays or may even keep you from
getting into the home you worked so hard to locate. Take the time
to select the right team in the beginning and your first home
purchase will be a pleasing and memorable experience.
<< Back to Los Angeles Real Estate
Buyers Guide
We at Valerie Fitzgerald and Associates realize
that you are in the information gathering stage of your purchase
and we respect your privacy. Should you have any questions,
please feel free to email us at info@valeriefitzgerald.com
or call us directly at 310-285-7515. If you or anyone you
know is looking to buy or sell a home, please note that we can provide
detailed information and access to:
You can count on the services of Valerie Fitzgerald and Associates
to provide you with information you can trust.
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