The first step in buying a home is making sure that your financial resources are in order. This includes setting money aside for a down payment, as well as determining how much you can spend on the upcoming purchase.
A valid proof of funds is required from all homebuyers. For cash buyers, it is advisable to present a copy of your bank account balance printed on the day that you are making your offer. For those using a mortgage, securing a pre-approval letter from your lender will do.
The size, style, and amenities that your new Southern California home must have all depend on the lifestyle that you wish to lead. After all, luxury living is more than just about the price tag on your home, but the complete experience that it offers.
Define your day-to-day needs as well as your recreational interests early on. This will keep you focused on clear targets when you search for your ideal home.
Finding the perfect home only begins with the listings pages and agent’s recommendations. The following next steps will help you make a better decision when it’s time to choose a home to buy:
Take time to attend open houses and home viewings. Pay close attention to every detail of each property that you visit. Jot down notes of the things you like and dislike, as well as your questions and concerns.
Do some research on the local area and community, too. Chat up your potential future neighbors to get the perspective of long-time residents about the area.
In idyllic beachfront communities, competition for prime real estate is always intense. A strong offer likely requires more than just an attention-grabbing offer price.
Add a personal note that explains why you would be the perfect new owner of the seller’s property. It helps to think out-of-the-box and use creative presentations. This way, not only will you catch the seller’s attention, but you also keep them interested in what you have to offer.
More often than not, a seller will send a counter-offer if they are interested in your initial offer. For this crucial stage, work closely with your agent so that your primary home buying goals and best interests are represented at the negotiation table.
As soon as you iron out the terms of the deal with your seller, act fast to get the property inspected, appraised, and title-reviewed. Certain issues may be identified through these steps. It pays to get a good head start on these processes so you can avoid any delays in closing the sale.
When looking through listings online or via promotional ads, be wary of becoming too partial with certain homes just because they look incredible in promotional images. Nothing beats being able to view and examine a house first-hand.
If you are unable to view the property in person (i.e. you live in a different state or country), modern options such as a live video tour can be a viable alternative to a personal visit.
While your attention will likely focus on your chosen property, take time to learn as much as you can about the surrounding area. The amount of resident or tourist activity, traffic, and noise can significantly affect your day-to-day experience.
Ask about future development projects in the area as well, and how these will likely affect your general living experience in the future.
Waterfront properties are more exposed to the elements compared to homes located further inland. Scrutinizing the durability of the home and its components should be a high priority on your to-do list.
Be ready to cover the costs of maintaining your exquisite beachfront home. Regular maintenance checks and occasional repair work will be required, considering the property’s constant exposure to harsh sunlight and proximity to corrosive saltwater.
One of the key expenses you need to cover when you own a waterfront home is insurance. Flood insurance, for example, requires a separate policy apart from standard homeowner’s insurance plans.
We realize the purchase and sale of real estate property is probably one of the most important transactions that a person can make. We’ve built our business and outstanding reputation by helping our clients navigate through the process efficiently and professionally from start to finish.Contact Us