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Buying a Home PDF Print E-mail

You’ve probably heard the saying that it’s a “buyers’ market” right now. The good news is that it’s true! There’s a lot of inventory on the market. Some say it would take almost two years to dispose of all of the properties currently on the market in Southern California. So as a buyer, there’s a lot from which to choose. Simply stated…lots of inventory = buyers’ market.

Usually, the “good news” is quickly followed by the “bad news”. At Maxxim Group, we prefer to stay on the positive side of things and tell you that, as a buyer, there really isn’t bad news. The truth is, though, that home buying is a serious venture. You’re not just buying a place to live…you’re buying a “home” and making an investment in your future. While the process can be great fun, it can also be confusing and challenging!

YOUR 1ST STEP IN THE HOME BUYING PROCESS SHOULD BE TO CONTACT MAXXIM GROUP !

1. HOW DO I KNOW IF I'M READY TO BUY A HOME?

2. IF I DIDN’T ANSWER “YES” TO ALL OF THE ABOVE QUESTIONS, DOES IT MEAN I CAN’T BUY A HOME?

3. HOW DO I BEGIN THE PROCESS OF BUYING A HOME?

4. HOW DOES PURCHASING A HOME COMPARE WITH RENTING?

5. HOW DOES THE LENDER DECIDE THE MAXIMUM LOAN AMOUNT THAT I CAN AFFORD?

6. HOW DO I SELECT THE RIGHT REAL ESTATE AGENT?

7. HOW CAN I DETERMINE MY HOUSING NEEDS BEFORE I BEGIN THE SEARCH?

8. HOW CAN I FIND OUT HOW MUCH HOMES ARE SELLING FOR IN CERTAIN COMMUNITIES AND NEIGHBORHOODS?

9. HOW CAN I FIND INFORMATION ON THE PROPERTY TAX LIABILITY?

10. WHAT OTHER TAX ISSUES SHOULD I TAKE INTO CONSIDERATION?

11. IS AN OLDER HOME A BETTER VALUE THAN A NEW ONE?

12. WHAT SHOULD I LOOK FOR WHEN WALKING THROUGH A HOME? Get your Home Buying Checklist here!

13. WHAT QUESTIONS SHOULD I ASK WHEN LOOKING AT HOMES?

14. HOW CAN I KEEP TRACK OF ALL THE HOMES I SEE?

15. HOW MANY HOMES SHOULD I CONSIDER BEFORE CHOOSING ONE?

 

 

Tips Spotlight

OLD VS. NEW

There isn't a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods, offer more ambiance, and have lower property tax rates. People who buy older homes, however, shouldn't mind maintaining their home and making some repairs. Newer homes tend to use more modern architecture and systems, are usually easier to maintain, and may be more energy-efficient. People who buy new homes often don't want to worry initially about upkeep and repairs.

 

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