First Time Buyers are EVERYWHERE!

The past month has kept me very busy! It is wonderful to see so many people able to finally afford a home in Southern California! Over 50% of the population can now afford the median priced home in California! This is astounding! As a result, I have been working with first-time buyers like never before!

I have properties listed that are in escrow with first time buyers, and I have many prospective buyers I have been taking out to various locations to view properties. I have been from Los Angeles to Fontana and I can say this for sure: Properties in the $300,000 range are getting multiple offers! Here are a few tips if you are starting your search:

1. Make sure you are working with a licensed REALTOR - someone that can advise you of the market, trends and how to make a good offer!
2. Once you have found a REALTOR - stay loyal! They will loyally work for you and need to know you are committed. If you are asked to sign a buyer's agreement, whether a one-page contract or a standard Buyer Broker Agreement - do not be afraid! If you are a serious buyer, these documents will only protect your rights as a buyer - and assure you are receiving the highest level of service!
3. Be realistic! IF you are looking at bank owned, or any other As-is homes, remember, you are getting a great deal, but expect to put money into the home -- even if it is as basic as a toilet or light fixtures. Great deals are out there, but the homes need basic amenities as well.
4. Get pre-qualified with a DIRECT LENDER. Many banks are requiring direct lenders! This is easy and free of charge - call me if you need a local lender.
5. Stay open to the area you want to live in. Make a list of priorities and if you cannot find your home in one place - be willing to look somewhere else.
6. Stay focused and committed! Buying a home is a huge step - make sure you are ready to stick with the purchase!
7. If you are getting an FHA loan be sure any condos or homes with associations are HUD approved for FHA loans. I learned that if this is not the case, a certification is not an easy process.

As always, I can help am here to answer your questions!

Stacy Dover - REALTOR