Are you a Millennial and are wondering how you can afford to buy a home in Irvine when almost everyone is telling you that homes here are no longer affordable?
In this article we will break down four ways you can afford to buy a home in Irvine on any budget.
#1 – Choose an Alternative Home
Thanks to alternative home loans like FHA, HUD and VA loans it’s no longer necessary for every home buyer to save at least 20 percent for a down payment on a home in Irvine because, many of the top loan products for 2015 can get you into a home for as little as a down payment of 3.5 percent of a home’s purchase price.
Another great way to get into a home in Irvine during 2015 is for you to buy a fixer upper.
Although you may not consider yourself to be someone who is skilled with a hammer, saw or paint brush, the reality is that you can many times find fixer upper homes for great prices in Irvine, build equity quickly and put your own “stamp” on the home after you purchase it.
#3 – Know Where to Look For a Home
Besides searching for homes in Irvine on websites like Zillow and Trulia, you should also search for homes in Irvine in other areas where buyers may not be searching like expired listings and rentals. Your Realtor will be able to help you find these since Zillow & Trulia don’t always have accurate information on current listings.
Expanding your home search will expose you to a wider variety of homes and owners who have been thinking about selling but haven’t listed their homes yet.
#4 – Hire a Great Irvine Realtor
Last of all, but most important, one of the top ways for you to afford a home in Irvine is to hire a great Irvine Realtor who is willing to search for homes for you based on “your” search criteria, instead of showing you homes which are over your budget.
To find an Irvine home contact Fred Sed & Associates today by calling us at (949) 272-0125.