Buyers, Canadian Home Buyers

Buying A Palm Springs Home Is Not A One Step Process

Winter Beauty

Buying a home is not a discrete event; it’s a process – a sequence of events that happens over time, sometimes over as long as several months! While general guides to buying a home are a dime a dozen, I’ll share with you a few things to know about the process involved in buying a home. Here’s to helping you make the best decisions at every phase of your home buying process!

Deciding Whether It’s The Right Time to Buy

The market is the least important factor you should consider when deciding whether and when to buy a home.

Why? Everyone knows affordability is at an all-time high. Home prices are low, and so are interest rates. But trying to time the market is a fool’s errand; many who get caught up in that game of trying to make sure they buy at the absolute bottom will end up losing out on very, very favorable conditions.

Beyond that, the most important considerations when deciding whether and when you should buy a home are personal, not market driven. On today’s market, it only makes sense to buy a place if it’s going to be sustainable and work for you for at least the next 4-5 years [if your town’s real estate market has been fairly recession-proof] or 7-10 years [if the housing/foreclosure crisis has hit your area pretty hard].

Against this “smart holding period” backdrop, smart buyers decide to buy when it makes sense for:

  • their life plans (i.e., they are comfortable making the commitment to live in the same town, and the commitment to)
  • their family plans (i.e., whether they plan to get married, have children or empty their nest in the time they plan to own the home – and the implications of these plans on their space needs and location priorities)
  •   their career plans (including, but not limited to: whether they have job or income security, whether they feel they will be working in the same area for the foreseeable future, and whether they want to work less or start their own business in the months or years to come)
  • their financial plans (including foreseeable changes in income and expenses, e.g. kids going to college or making partner at the firm)

Getting Pre-Approved– a big step:

When it comes to the loan process, there are several steps that one must go through. By making yourself familiar with it, you will better understand what is required of you and how you need to prepare. Knowledge is power when it comes to buying a house

Read our blog on obtaining a Mortgage

House Hunting Time:

We have a commitment to work with yo the buyer in a very professional way until you find the home you will love at the price that fits your budget.

Read our blog info here about how we work with you the buyer.

Escrow, Taking Title And Closing:

Escrow, closing and title are detailed are possibly confusing topics but these articles will help you sort that out.

  1. This article will tell you all about California Escorw and Closing
  2. This article will tell you about Title and Vesting

 

From Trulia: Surprising Insider Secrets for the 5 Stages of Buying Your First Home.

Information About Buying or Selling Palm Springs Area Real Estate

 

Buying or Selling in today’s real estate market is a challenge and a process that is easily accomplished with the help of a Real Estate professional. You will need an expert who has lived in the desert and knows the lifestyle and the unique housing market.

The market in the Greater Palm Springs Area is alive and the values are exceptional for those who are looking for an ideal investment or a vacation/retirement property. We have many choices for every need, budget and amenity list.

Is to be your primary residence? We have what it takes to get you settled into a great family home in the neighborhood of your choice.

Selling your home in the Greater Palm Springs Area? I will make the experience easy, friendly and professional. Our mission is to provide outstanding service while utilizing the best practices and Internet technology available.

If you are plan to rent your new home, we have the staff partners who will assist with any project or property management while you are away from the property.

For more information on how I can best serve your Greater Palm Springs area needs, please fill out the online contact form give us a call at 760-413-2871.

I won’t just sell you a house but I WILL help you find the home you will LOVE!

 

Ron is a Greater Palm Springs Area Realtor® specializing in Palm Springs vacation homes, investment properties in Palm Springs and primary single-family Palm Springs Homes for Sale. He has the long term knowledge necessary to make the buying and selling of Greater Palm Springs Area real estate a smooth enjoyable process.

WHY DOES RON JESSER LOVE PALM SPRINGS?

Why Does Ron Jesser Love Palm Springs