Stephanie Payab's Blog
Discovering the ideal luxury house in Los Angeles, Malibu or anywhere else in California may be tricky. Fortunately, there are many things that property buyers can do to streamline the Golden State luxury homebuying journey.
Now, let's take a look at three tips to help you enjoy a quick, seamless California luxury homebuying experience.
1. Establish Luxury Homebuying Criteria
Do you want to own a luxury home near the upscale shops and boutiques in Beverly Hills? Or, would you prefer to purchase a luxury residence that offers convenient access to Staples Center? If you create luxury homebuying criteria, you can enter the California luxury housing market with a plan in place to find your dream house.
Also, don't forget to put together a list of your preferred California cities and towns. Consider your short- and long-term plans, and you should have no trouble determining where you want to reside in the Golden State. And when you have a list of your preferred California cities and towns in hand, you can narrow your luxury home search accordingly.
2. Get Your Finances in Order
For California luxury homebuyers, getting pre-approved for a jumbo mortgage is a must. Because if you enter the Golden State luxury housing market with a jumbo mortgage, you can avoid the temptation to spend beyond your means to acquire your ideal residence.
Banks are available that can provide plenty of insights into various jumbo mortgage options. It generally is a good idea to meet with several banks to explore all of the jumbo mortgage options at your disposal. Then, you can select a jumbo mortgage and kick off your pursuit of a California luxury home that falls within your price range.
3. Collaborate with a Real Estate Agent
A real estate agent is essential, particularly for a luxury homebuyer who is searching for the right residence in San Francisco, Sacramento or elsewhere in California. This housing market professional can teach you about different aspects of the Golden State luxury real estate market. Plus, he or she can respond to your luxury homebuying concerns and questions.
Typically, a real estate agent will meet with a California luxury homebuyer and help this individual map out the property buying journey. Once a real estate agent and a buyer have a plan in place, they will put this strategy into action.
During the Golden State luxury homebuying journey, a real estate agent will maintain constant communication with a buyer too. This housing market professional will keep a buyer informed about new luxury residences that become available in a buyer's preferred cities and towns. And if a buyer wants to submit an offer to acquire a California luxury residence, a real estate agent will help this individual do just that.
Ready to launch a luxury home search in San Diego, Anaheim or any other California city or town? Use the aforementioned tips, and you can simplify the process of finding and purchasing your ideal Golden State luxury house.
If you plan to buy a house in the near future, you should try to map out the property buying journey. By doing so, you can identify any potential homebuying hurdles and resolve such issues.
To better understand what to expect when you pursue your dream home, let's take a look at three key questions that every homebuyer needs to consider.
1. Where do I want to live?
There is no shortage of high-quality houses available in cities and towns nationwide. As such, it sometimes can be tough to determine exactly where you want to live due to the sheer volume of available homes.
As a homebuyer, it helps to consider your future plans before you kick off a house search. For example, if you intend to enroll in continuing education courses at a university in a particular city, you may want to focus on homes near the city itself. Or, if you prefer to raise your family in a small town, you should plan your house search accordingly.
Don't forget to craft a list of homebuying criteria too. This list will help you further narrow your home search and focus on properties that have features that match your needs.
2. What can I afford to spend on a house?
Buying a home may prove to be virtually impossible if you fail to obtain a mortgage. Lucky for you, many banks and credit unions offer mortgages to homebuyers and can teach you everything you need to know about home financing.
Meet with a variety of banks and credit unions. That way, you can analyze a broad range of mortgage options and select a mortgage that corresponds to your finances.
In addition, it may be beneficial to get pre-approved for a mortgage. Once you are pre-approved for a mortgage, you can enter the real estate market with a budget in hand.
3. How can I achieve my desired goals?
The homebuying journey can be tough to navigate, regardless of whether you're a first-time or experienced property buyer. But if you collaborate with a real estate agent, you can achieve your desired results in no time at all.
A real estate agent understands what it takes to discover the right house, at the right price, regardless of the housing market's conditions. He or she will allocate time and resources to learn about your homebuying goals and ensure you can purchase a great residence at a budget-friendly price.
Also, a real estate agent will help you streamline your house search. This housing market professional will set up home showings and keep you up to date about open house events. And when you find your ideal home, a real estate agent will make it easy to submit a competitive offer to purchase this residence.
Take the guesswork out of the homebuying journey – work with a real estate agent, and you can receive comprehensive guidance as you pursue your dream home.
An open house can be a life-changing event for a homebuyer. If you plan ahead for an open house, you should have no trouble determining whether a residence matches or exceeds your expectations. And if the answer is "Yes," you can proceed quickly to submit a competitive offer to acquire a house.
What does it take to prep for an open house? Here are three open house preparation tips that every homebuyer needs to know.
1. Understand Your Budget
Before you attend an open house, you should find out how much money is at your disposal. Thus, you may want to meet with banks and credit unions to see if you can get pre-approved for a mortgage. That way, you can kick off your home search with a budget in hand.
Although you know that you have only a certain amount of money to spend on a residence, it may be worthwhile to consider attending open houses for residences with initial asking prices that are above your price range. Because in some instances, a home seller may be willing to accept an offer that falls below his or her initial asking price.
2. Create a List of Questions
A home is one of the biggest purchases that a person can make, and as such, it pays to be diligent. If you craft a list of questions before an open house, you can get immediate responses from the showing agent. Then, you can determine the best course of action.
When it comes to an open house, there is no such thing as a "bad" question. As a homebuyer, it is paramount to get as much information as possible about a residence to determine whether a house is right for you. Therefore, if you create a list of questions in advance, you can improve your chances of getting the most out of an open house.
3. Consult with a Real Estate Agent
If you're uncertain about how to approach an open house, you're not alone. Fortunately, real estate agents are available nationwide who are happy to teach you the ins and outs of the real estate market. By doing so, these housing market professionals will make it easy to take an informed approach to any open house, at any time.
A real estate agent will always keep you up to date about new residences as they become available. Also, if you are interested in homes in a particular city or town, a real estate agent will notify you about open houses in this area. And if you need extra help prepping for an open house, a real estate agent is happy to assist you in any way possible.
Let's not forget about the support that a real estate agent provides throughout the homebuying journey, either. A real estate agent will help you submit an offer on a house, negotiate with a seller's agent on your behalf and much more.
Be diligent as you get ready for an open house – use the aforementioned tips, and you can fully prepare for an open house.
Shopping for a home is an exciting time for any hopeful homeowner. After weeks of scouring listings looking for the perfect home in the ideal location for you and your family, it can seem like you’ve found the needle in the haystack.
When it’s time to go visit that home, it’s easy to put on rose-colored lenses and overlook issues that should, at the very least, be taken into consideration when it comes to deciding whether or not you should make a bid on the home and how much you should offer.
Today’s post is all about preparing you for that first viewing. We’ll give you tips on what to look out for and how to factor these things into your equation when it comes to making an offer.
Check the listing for omissions
Even if a home looks perfect on paper (or on its website listing), it’s still quite likely that there are things you’ll want to know about before considering an offer. A home listing should attempt to address several questions you might have. But ultimately, it’s main goal is to attract interest in the home.
So, what type of things should be in the listing that the seller might leave out?
Poor street conditions, heavy traffic, and blind driveways are all things that will factor into your decision but most likely won’t be mentioned in a listing
Odors of any kind can be off-putting and difficult to remove. Some homeowners may not even know that their home has an offensive odor if they’ve become used to it.
Room omissions. If the home is listed as having two bathrooms but there are only photos of one, this could be a sign that there are problems with the second bathroom that the seller doesn’t want you to see quite yet.
Top dollar home repairs
A professional home inspection will be able to give you an idea of the kind of money you’ll need to spend on renovations in the coming years. But why wait? When touring a home, ask questions about the last time important renovations and repairs were made.
Roofs, septic systems, and electrical work are just a few of the things that are expensive to repair or replace. If the previous homeowner has a small family or lives alone and you plan on moving in with a houseful of kids, you might find that your impact on the septic and electrical systems of the home are too much for the house to handle. You’ll want to take this into account before considering a bid on the home.
The cost of heating a home in the winter and keeping it cool in the summer can be hefty if the home isn’t properly sealed and weatherproofed. Ask the current homeowner what they spend per month on utilities to get an idea of what you might be spending.
Then, take a look at the windows and doors. Cracks, malfunctioning locks, and worn weatherstripping are all signs that the home will need some work to be energy-efficient.
Don’t ignore the little things
Small fixes may not seem like a big deal when viewing a home. They can even deceive you into thinking that you’re getting a good deal by buying a fixer-upper for a price that’s lower than the market average.
However, it’s important to keep in mind that small fixes around the house are a sign that bigger problems are also being neglected. Don’t be too quick to assume the house will be a good deal before getting it professionally inspected.
Want to enjoy college football live and in person? Purchase a luxury house in California, and you're sure to find plenty of college pigskin action close to home.
Many luxury houses are available near top California college football teams, such as:
1. UCLA Bruins
The University of California, Los Angeles (UCLA) Bruins frequently rank among the top college football teams in the country.
Since 1919, the Bruins have been a model of consistency. The team has played in more than 30 bowl games in its history and even won a national title in 1954. Meanwhile, the Bruins have produced more than two-dozen NFL draft picks and have helped many college football players achieve their full potential.
For Bruins fans, nothing beats a trip to the team's stadium, the Rose Bowl. Here, Bruins fans can root for their favorite college football team with more than 92,000 of their closest friends.
2. Stanford Cardinal
A team that represents Stanford University, the Stanford Cardinal boasts a highly successful football tradition that dates back to 1891.
Over the years, the Cardinal have earned many unforgettable wins over top-notch opponents. Plus, the Cardinal have captured two national titles and 15 conference titles and have secured more than 600 all-time victories.
College football fans can make a trip to Stanford Stadium to watch the Cardinal during the pigskin season. Stanford Stadium features a seating capacity of 50,000 and offers a fun, exciting game day experience that college football fans of all ages are sure to enjoy.
3. USC Trojans
Established in 1888, the University of Southern California (USC) Trojans represent one of the most successful teams in college football history.
To date, the Trojans have had more players drafted in the inaugural round of the NFL draft than any other university. The team also has posted more than 800 all-time victories and earned 11 national championships.
Los Angeles Memorial Coliseum serves as the home of the Trojans. This stadium hosts more than 93,000 college football fans during Trojans contests who help deliver a game day experience unlike any other.
When it comes to college football, there's a lot to like about the Golden State. If you buy one of the luxury houses available in California, you should have no trouble watching any of the aforementioned college football teams live and in person.
Lastly, if you need help finding the right luxury home in California, you should hire a real estate agent. This housing market professional will do whatever it takes to help you accomplish your homebuying goals.
A real estate agent will provide details about new luxury houses that hit the market, help you prepare offers on luxury homes and much more. Perhaps best of all, a real estate agent is happy to offer honest, unbiased homebuying recommendations to help you make an informed purchase.
Don't hesitate to purchase a luxury house near a top California college football team. Consult with a real estate agent today, and you can move one step closer to making your luxury homeownership dreams come true.