Jay Wang - Loan Officer and Realtor 南加州貸款與房地產經紀人
Serving Los Angeles San Gabriel Valley

服務南加州大洛杉磯區

Call 電話: 626 822 0781

My Wechat 我的微信 jaysforum

My Line 我的line是 jaysforum

Jay Wang - Loan Officer and Realtor 南加州貸款與房產經紀人

Call: 626 822 0781

My Wechat 我的微信 jaysforum

My Line 我的line是 jaysforum

Buyer

Posted by: admin

Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you are not familiar with all aspects of real estate transaction. Let me help you find the right home or investment properties you are looking for. My comprehensive knowledge and high quality client service can help protect your interest and to ensure your transaction is a smooth one. Take advantage of my knowledge and experience as a local market expert to make the most informed decision you can. I will be with you each step along the way the process. Contact me today. The followings are important issues to examine when shopping for a property:

Location, location, location

What is an ideal location to you? This is without a doubt one of the most important questions. Is close to your workplace important to you? Does the property you are interested have convenient access to major highways? The greater Los Angeles traffic can be quite bad at times. Buying a beautiful dream home that is too away from your work may not necessarily be a good choice, as long distance driving can take a toll on your health and safety.

What kind of home do you want to purchase?

Do you prefer single house or condo / townhouse / pud? It is important to carefully think about what is it that you want. Each will have its pro’s and con’s.

Is having a good school district important to you for your kids?

If so, a home within good school district becomes essential. How good of a school district is subject and personal and will be different from family to family. It is highly recommended that buyers should spend time to conduct research. In the state of California, by law, you kids must attend the designated school district based on the address of your property. It is important to note that a property seemly within a particular school district on a map might actually belong to another school. For example, just because a property sits within Arcadia, CA does not necessary mean it is within Arcadia High School. Further verifying with buyer, buyer’s listing agent, or even the school itself is important. Please do not automatically assume just because the property’s address falls within the city where you are interested to move into will belong to that city’s high school district.

Neighborhood

While visiting a property, pay close attention to the surrounding environment. What do you do think and how do you feel about the surrounding environment?

How is the overall condition of the subject property?

Condition of a property is affected by many factors including, but not limited to, how well maintained by the current property owner, age of the property. Proper examination by a licensed inspector is a must during any real estate transaction.

How much is the monthly HOA fee?

If buying a PUD or Condo or townhouse, what is the HOA monthly fee? If you are considering PUD or condo or townhouse, it is important to find out what the HOA monthly due is. Monthly HOA (home owner association) fee can vary greatly. HOA may cost anywhere between couple of hundred dollars to over a thousand dollars in upper scale communities. This cost must be factored into your overall budget, especially if you are financing.

What is your budget

Set a budget is very important during your search of home. A comparative market analysis will give you a picture of the local average market value and possible selling prices. I can provide you a local housing comparative market analysis to help you set a realistic budget goal if needed.

If finance, obtain pre-approval with lender

If you are financing, it is important to obtain loan pre-approval (pre-qualification is not enough) with a lending institute of your choosing. Home buyers will accept offers only if proof of sufficient finance is provided. Please note, there is a difference between pre-qualification and pre-approval. Pre-qualification is only a quick initial evaluation by a lending institute of your financial standing. It is pre-approval, an in-depth analysis of your credit and ability to afford, that buyers are looking for.

Understand selling price VS appraised value

In the state of California, if you are financing, lender will require the property be appraised by lender appointed appraiser. Appraisers are licensed specialist who will evaluate the subject property and provide a report, that based on his/her professional opinion, how much the property is worth. This is to ensure buyers don’t pay more than what the appraised fair market value is.

In reality, the law of supply and demand, negotiation between buyer and buyer, how much competition, will determine the final settled price. Price Negotiation depends on many factors. As your buying real estate agent, I will help you with the proper strategy according to different situations.