Frequently Asked Questions
Do you have any unanswered questions relating to the realtor industry about moving home that you would like us to respond to?… Well, we are here to help you with this FAQ page to give home buyers and sellers the answers to the most frequently asked questions in the world of Real Estate!
Questions & Answers!
What Type of Home Can I Afford?
The type of homes you can purchase in Los Angeles are single-family, homes, Small Lot homes, TIC homes, townhomes, penthouses, vacant or teardown lots, condos, and income-producing properties.
The price of these properties depends on the property type and location. You can usually trade one for the other. The secondary location will offer buyers:
Better Condition (Remodeled Or New Construction) Home
Bigger Lot, View,
or better finish condition.
The more you borrow, the more expensive it is.
How Many Homes Should I See Before Making an Offer?
Viewing 5 to 20 homes is average. Most buyers want to see at least 5 to 10 homes before they buy. I have seen a buyer buy a home at their very first showing! That doesn’t happen often. Many buyers begin their home buying journey many years before they are actually ready to buy.
There are many factors to consider when buying a house so there is no set number of properties that you should view before purchasing. Each buyer has their own journey.
I’d say the big factor for time is not knowing what neighborhood you want (Los Angeles natives have a leg up on out-of-state buyers on this one), having very specific search criteria (such as architectural buyers), or competing in fierce seller’s markets. 100 Homes is a ton of homes to see.
Need Real Estate Help? Luckily, as professional realtors, we can make this process much easier and with our expertise, we can help you find that dream home in no time at all!
How Do I Get My Home Ready to Sell?
I recommend presenting the property in its best possible light.
The three most bang for your buck items are:
If you have a little budget to put into the marketing, I highly recommend staging. Landscaping is highly underrated. Anything that boosts the home’s curb appeal in general is good to do.
Getting ready to sell your home? We can help you get the property on the market in no time! We are there with you every step of the way to guide you.
Do I Have to Get a Home Inspection?
For Buyers, I always recommend choosing to get a home inspection.
Buyers and real estate agents are not house experts. A home is the most important purchase you will ever make. A house inspection makes sure you are buying a good property and not a lemon.
It’s good to make sure everything with the house is in good working order. Quite often, the property inspector will show you some basic maintenance tasks (changing air filters, unclogging a garbage disposal, changing an electric outlet cover plate), and share some helpful tips and trips to keep your property in excellent working order.
For Sellers, you can choose to get a presale inspection.
Most sellers don’t want to pay for a home inspection so they don’t do this, but it can be quite valuable because it can save a ton of time and ensure a smooth escrow when the timing is critical. For new construction or remodels it can be a good idea to do one because a lot of items in new construction need to be used once (water purifier on a water line for a fridge, the stove will smoke the first time its turned on, make sure the tankless water heaters are configured correctly, discover builder punch list items).
Can I Buy a Property While Selling my Current Home at The Same Time?
Yes, you can buy and sell at the same time. There are several different ways to put the deal together depending on your financial situation.