Home Seller Buyer Investors Properties


Common Questions from First-Time Homebuyers?

 Why should I buy, instead of rent?

  A home has many tax advantages over renting. For example, your monthly rent checks are perceived as a loss because it is not deductible nor is it accumulated as equity. On the contrary, your home is an investment and the mortgage loan interest can be deducted from your income taxes. Not to mention, your mortgage payments will eventually become the equity in your home that you can use for future investments if you so desire. You may also deduct your property taxes as a homeowner which will add to the total tax savings you receive as a homeowner. As a homeowner in Southern California, you will also enjoy the value increase over time. Finally, the pride of ownership of owning your piece of California soil is an invaluable reason on why you will enjoy your decision of becoming a homeowner

 Should I use a real estate professional? How do I find a good one?

Finding a home can be very challenging. There are numerous hurdles that you will have to overcome throughout the process. It is absolutely crucial that you find a Realtor you can trust and who is able to communicate clearly with you every step of the way. A good Realtor will be well-acquainted with all aspect of the real estate transaction as well as helping you make the decisions that will be right for your future. That person will help you figure out the right price you should offer and can afford when selecting your new home. They will also negotiate on your behalf and find a property that suits your lifestyle for years to come. A good Realtor will help you understand the documents you will be signing and direct you to the right professionals you will need to complete the transaction..

Should I get prequalified or preapproved for a mortgage?

 Getting prequalified is like giving you an idea of what price range you can shop for when looking for homes. Getting pre-approved is the next step that means you are serious and ready to close the deal as soon as you find the home that meets your criteria. A pre-approval is much stronger than a pre-qualification because it means that you been approved by your lender choice for the amount that they have designated.


Are there special home ownership grants or programs for single parents?

Yes! Begin your search by finding a knowledgeable Realtor who is familiar with the various programs available in your area. There are many programs available through each city of Los Angeles County so it is important that you work with the right people to help you get the resources you need to find your new home.

Can I become a home buyer even if I have I’ve had bad credit, and don’t have much for a down-payment?

There are many programs available to buyers in need of credit assistance. If your credit score is less than 640 contact us for more information on how you can receive help with boosting up your credit and prepare for the home buying experience. If you have recently had a foreclosure, short sale or other financial set-backs contact us directly because there are many programs that may help in getting you into your new home.

How much money will I have to come up with to buy a home?

This depends on the cost of the home as well as the type of financing you will be using. For some loans, such as the FHA First Time Home Buyer Program, who can put down as little as 3.5%! Investment and conventional loans may request anywhere from 5-20% down. To learn more about what type of mortgage will be best suited for your needs, contact us for more information.

Newsletter Form


Enter search words

Follow Us