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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

WALK-THROUGHS

In addition to comparing the home to your minimum requirement and wish lists, use the Home Buying Checklist and consider the following:

  • Is there enough room for both the present and the future?  
  • Are there enough bedrooms and bathrooms?  
  • Is the house structurally sound?  
  • Do the mechanical systems and appliances work?  
  • Is the yard big enough?  
  • Do you like the floor plan?  
  • Will your furniture fit in the space?
  • Is there enough storage space? (Bring a tape measure to better answer these questions.)  
  • Does anything need to repaired or replaced? Will the seller repair or replace the items?  
  • Imagine the house in good weather and bad, and in each season. Will you be happy with it year-round?

Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint. 

 

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