U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-11-2013, 09:52 AM
 
18 posts, read 23,876 times
Reputation: 14

Advertisements

Im thinking of purchasing my first home..er condo. Iv been looking to stay in the southbay since thats where my job , gym ect is located. Ill even considered san pedro. Im looking at 250k. I have been pre approved already.

Any tips for a first buyer? It is a scary process.
Reply With Quote Quick reply to this message

 
Old 01-11-2013, 11:37 AM
 
Location: Los Angeles (Native)
24,401 posts, read 13,918,128 times
Reputation: 11549
It seems like it would be a good time to buy, it seems prices are already edging up a bit and demand is high. Don't be scared of the process...do you already have an agent you are working with?

I would recommend really checking out the area making sure you want to live there for a long time. I'd recommend living as close to work as possible. Congrats on getting preapproved.

I would look on redfin if you haven't you can see practically everything on the market. Don't just take your agents advice ..verify everything. Don't be pressured to buy something if you have a bad gut feeling.

You mentioned buying a condo make sure you look at the HOA dues and what that includes. Also find out about the rules , if you need to rent out your unit for some reason..will the HOA allow that? Some don't.

Also I'm not sure if you have conventional or FHA financing, but FHA financing is not available for every condo building..the condo has to be FHA approved..

Make sure the condo neighbors are decent , swing by on a weekend night ..is the area loud/quiet/safe or dangerous?

Are there parking spots available if you have visitors over?

Any sketchy activity going on?
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Los Angeles
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top