Top 5 Los Angeles Homebuyer Mistakes: In today’s blog post I’ll talk about the top 5 Los Angeles homebuyer mistakes and how to avoid them. I’m sure you’ll agree with me, when it’s time for you to embark on the path to homeownership, the best advice I can offer you is to learn what you can about the process so you know what to expect along the way from an experienced local Los Angeles Realtor.
Top 5 Los Angeles Homebuyer Mistakes
Know Your Credit
Not knowing your past credit history, your current credit score or how to improve your credit score is a huge mistake homebuyers could make. Talk with a local mortgage broker or banker about how your credit score determines your mortgage rate.
Top 5 Los Angeles Homebuyer Mistakes
Get a Pre-Approval
A pre-approval should be the first thing on your list as a homebuyer. Not only will a pre-approval show home sellers that you are a serious buyer, but you will know how much house you can actually afford. Here are the common documents needed when applying for a pre approval.
You’d be wise to chat with Joe Tishkoff , from Skyline Home Loans for a pre-approval. He is my preferred mortgage lender and my clients rave about his impeccable skills and helpfulness.
Top 5 Los Angeles Homebuyer Mistakes
Hire a Buyer’s Real Estate Agent
A buyer’s agent represents you, the buyer, NOT the seller. This is in your best interest as a homebuyer because we are working solely for you, so there won’t be a conflict of interest. You can learn more about why Hiring a Buyer’s Agent is a Smart Move in this article by Glenn Shelhamer. I’ve been regarded as an expert Buyer’s Agent by past client’s testimonials.
Top 5 Los Angeles Homebuyer Mistakes
Shop Around for a Mortgage
Not all mortgages are created equally, or mortgage brokers for that matter! Even a difference of a quarter percent can cost you thousands more over the life of the loan. You can learn more about How to Avoid Overpaying For A Mortgage in this article by Joe Tiskkoff, a top mortgage banker at Skyline Home Loans in Calabasas, CA.
Top 5 Los Angeles Homebuyer Mistakes
Get a Home Inspection
One of the most common mistakes homebuyers make is foregoing the home inspection – which is a part of the physical contingency period. You need the inspection to uncover hidden defects that a professional is trained to look for. I never advise my clients to waive this contingency unless they’re planning to teardown the structure and build from the ground up or are doing a seriously deep rehab. I work with two of the best Los Angeles General Inspectors and I’m happy to refer them to you.
Your Los Angeles Real Estate Expert
I’m a local real estate agent with The Shelhamer Real Estate Group, and It would be my pleasure to help you find the perfect property to call home in Downtown Los Angeles, or if you’re thinking about selling a house, condo, or multi-family building in, Los Feliz, Silver Lake, Atwater Village, Glassell Park, Mount Washington, or Downtown Los Angeles, it would be a privilege to help you get top dollar for the sale of your property.
Let’s chat sometime. 310-913-9477 or contact me
