Buying Your First Home

During a recent conversation with a group of women, one of them asked how to figure out which area in Orange County might best fit here family’s needs and wishlist. A lender had pre-approved her for a loan of $1, 700,000. However, she preferred to look for a less expensive home.

In my response I offered these pointers:

Preapproval for a loan actually is a necessity. No seller will accept an offer from someone who is just “prequalified”.  So at the outset of her home search, she’s cleared that hurdle.

I asked where she and her husband work. Their best choices for a home would be located within reasonable commuting distance from work.

She does not have a family yet. Of course for several reasons that fact would make a difference in choices of where to by a home. A larger home closer to work might make the most sense looking forward.

With that in mind, I suggested looking at several really nice tract developments that have attracted lots of young families. Another consideration in favor of looking at these newer developments is that there’s a tight housing market. Most areas in Orange County have relatively few homes for sale.

With the help of 250+ Berkshire Hathaway agents in my office, many of whom have “Pocket listings” (properties for sale but not listed in the MLS), I would be able to help her to efficiently search both listed and unlisted choices of homes for sale.

http://www.bhhscalifornia.com/real-estate-agent/jeremy-burns/1335

lidoislander@yahoo.com

949-300-1549