2020 - The year of Corona & Murder Hornets… Buyer Preparedness Guide During Global Instability
PUBLISHED MON, AUG 4, 2020 Noah Ross
The obvious question is how can I buy a house during these unstable times, right? Well it should be… you could be getting a great deal on a home and here’s how: First you should familiarize yourself with your finances and figure out what you're able and willing to invest. Once you know that you’ll be set up for success in knowing which properties you can truly afford. A good rule of thumb to aim for is a debt-to-income ratio, in the low 30% range. To calculate your debt to income ratio, add up your monthly debt payments and divide them by your gross monthly income.
During these hectic times mortgage rates have reached an all-time low. Getting a good rate is paramount to the affordability of your dream home. A qualified realtor will help find you the right lender for your needs. Now it’s time to find your dream home! Search! Search! Search... and Search Again! Homes can pop onto the market and be sold quickly so make sure to keep an eye on the market. Websites like Realtor or Zillow are a great resource. A qualified realtor will utilize the MLS (Multiple Listing Service) to access all available listings in greater detail. Combining these approaches we can be sure that no stone is left unturned and enable you to find your perfect home.
Boom! You’ve just submitted your offer on a home, agreed on price, offer accepted and enter escrow! As you have heard buying a home can be overwhelming between inspections, paperwork, and wondering if you’re making the right decision. Don’t fret a qualified agent will be there to explain EVERYTHING and guide you through the purchase of your new home. If you were to take away one thing from this article… THE HOME BUYING PROCESS SHOULD BE FUN! That’s why choosing the right realtor is important. Some crucial factors when choosing an agent are: Trust, Work Ethic, and Results. I’d love to have the opportunity to be that guy for you. Don’t be afraid to ask questions, as your guide I feel better knowing that all of your questions have been answered. For me Real Estate is not a 9-5 profession so I make myself available to take care of your needs around the clock. I want to make sure my clients know that their realtor is there for them. Hopefully you followed the steps and are well on your way to enjoying your new home! Cheers!
Noah Ross Engel & Völkers Beverly Hills Noah.Ross@EvRealEstate.com (760)-808-2131