Buying a home for the first time is generally an experience that is both monumentally exciting and agonizingly stressful at the same time. If you have made it through that process and are now enjoying the pride and benefits of owning your own home, you have successfully jumped one of life’s major hurdles. However, if you are like most first time homeowners, you did not buy your dream house – you are more likely living in a great starter home that is hopefully going to enable you to build equity and move up to a bigger and better home. Continue reading
Should You Buy First or Sell First?
With record low interest rates and prices still near the bottom (despite recent consistent gains), this is a great time for current homeowners to consider trading up to a larger house. The extreme inventory shortage makes this a particularly opportune time to sell if you have built up equity that can be put towards a down payment on your next home. However, before diving into the market, trade up buyers need to carefully consider this question: should I buy first or sell first? Continue reading
Buying in a Seller’s Market
If you are someone who doesn’t follow the housing stats or obsess over the local real estate market, then you may not have heard the latest news in the Los Angeles area– we are experiencing (gasp!) a seller’s market. How is this possible? It’s pretty simple: with the economy improving and interest rates staying low, buyers are finally feeling confident enough to get back into the market. Continue reading