subject: Santa Monica Foreclosures - Search for Them Recommendation 621 [print this page] Buying a home, whilst this may immediately seem to be a daunting process for first time buyers especially, it does not have to be all that bad, given the correct advice and it should be relatively simple. In order to save you a lot of time, frustration and worries, it's a good idea to have dependable representation. When I searched for Santa Monica foreclosures I don't think I'd have ended up with a house without the real estate agent's help!
A highly trained real estate agent, one who sincerely puts your interest ahead of their own, can help you through the increasingly complicated technique of buying your first home. Just as a side note Santa Monica foreclosures, the real estate agent I employed was amazing.
One option you have, which is inadvisable, is to scour the web or newspaper, attending real estates speeches and scouring neighbourhoods for that elusive property. A popular alternative is to...
USE AN ESTATE AGENCY TO PIN POINT THAT ELUSIVE PROPERTY FOR YOU, WITHOUT YOU DOING ANY OF THE WORK AT ALL.
Your down time should be extremely valuable to you. So just take a back seat and let them spend their time searching for, they are paid to do it after all. Firstly, and with justification, he'll advise you to get 'all your ducks in a row' before even beginning the search process. If you have been searching for Santa Monica foreclosures then you must follow these steps.
During your first meeting, your real estate agent will try to establish what style of home you are after and what you require in your home. He will want to know things like how many bedrooms do you want, do you want a pool? What features would you like to see? You may without doubt be overwhelmed with all of the suggestions you will be given and will probably to just about everything that is suggested to you. So, it's a wise idea to categorize and differentiate the list by 'needs' or 'wants'. Just remember that with everything you "ok", a cost will be added to your budget. Just try to be realistic.
WHAT SORT OF PRICE HOME CAN YOU AFFORD TO BUY? For example, if you have a low budget then forget about looking for Santa Monica foreclosures.
He'll ask some basic financial questions to determine a target price range, including the amount of your deposit. Is it all yours or from borrowed funds? Are Mom and Dad assisting? What level of annual income do you have together and what are repayments on your current debts, if you have any? Have you ever been made bankrupt? Any credit difficulties? He will then be able to give you a fuller picture regarding the levels of taxes and admin fees you could be looking at. It is important that you tell the truth to a real estate agent as his calculations will help you understand what you can and cannot realistically afford in the long term. As a sort of example of what can go wrong if you don't do your sums. I recently purchased two houses in Cali, I couldn't really afford them at the time so I was effectively forced to put my Santa Monica foreclosures.
You might be advised to purchase the most expensive house that you can afford. You may think he's just trying to maximize his commission. This may be true, but it's more likely, he just doesn't want you to compromise too much in order to save a little money, because the more you compromise, the sooner you'll need to upgrade to a larger home. But of course with any move comes more legal fees etc. In the long term therefore, it may be beneficial for you to go to the max of your realistic budget and acquire a house which you really want to live in for the near future. My idea of totally ideal home is in California, have a search for
