Best Tips for Shopping for A Home in Southern California
It’s the day after Thanksgiving and today many people in Southern California will be shopping for Black Friday deals while others may be shopping for a home.
If you’re planning on shopping for a home in SoCal right now, or sometime in 2019, this article will provide you with tips you can use for finding the right home.
Tip #1 – Buy Right
When you’re shopping for a home in today’s market, or the market of the future, you have to make sure that you buy right.
What does this mean?
Buying right means that you understand what you’re getting into financially.
For example: If you’re getting a home loan, you should ask yourself the following questions:
- What’s the minimum you have to put down (cash out of pocket) for the down payment and closing costs?
- What’s your interest rate going to be?
- What’s your loan product going to be?
- How much will you be paying on a monthly basis for financing the home?
At the end of the day, you should also ask yourself if you feel comfortable financing the amount that you need to buy a home in Southern California.
You should also be certain that your monthly mortgage payment won’t leave you struggling financially each month as well.
Tip #2 – Is It the Right House for You?
Once you determine that the house you’re interested in buying will be right for you financially, you should next determine if you can see yourself living in that home for the next 5-8 years.
Make sure that the home has the right number of bedrooms/bathrooms, square footage, amenities and yard space because it’s possible that you may find that the house is too small in a couple of years especially if you’re expanding your family.
Tip #3 – Choose the Best Location
Last of all, but most important, besides buying right, and choosing a home that fits all of your needs, you should also verify the location and make sure that you’re buying a home that’s in the best area of SoCal for you.
For example: If you have children, you want to purchase a home that’s in a great school district and close to the amenities that your family will love.
You should also choose a home that’s close to your job so you won’t have to commute more than one hour each way to and from your work every day.
If you’ve followed the tips in this article and feel that the home you’re considering makes the most sense, at the end of the day you should buy the property.
Don’t be fearful about what’s going to happen in the real estate market, or be willing to wait another six months to 1 year until interest rates go up or down.
Right now, is a perfect time to buy a home and we may not have the same market conditions one year from now.
Contact the Fred Sed Group
To learn more tips about how to buy a home, or to view properties for sale, contact the Fred Sed Group today by calling us at (800) 921-9231 or click here to connect with us online.