As the following article shows renting an apartment or leasing a house or condo, prices are skyrocketing and guess what you still have nothing to show for it except receipts. As I tell my clients who are interested in Brentwood, Pacific Palisades or Santa Monica Real Estate or for that matter all over West Los Angeles if you are paying $1500 or more stop.
With interest rates in the low 4.00's ( and as I mentioned in my previous blog, that goes for conforming and jumbo) your monthly payments will get much more bang for your buck than your rental and you will get tax benefits.
Do not think because it is a sellers market and prices are high that you are priced out... It is not about the house price it is about the interest rates. Having trouble with the 20% down? There are low down programs out there. Call me at 310.505.5571 and lets discuss options to a drawer full of receipts
I am Bob Schmalz a California Licensed Real Estate Broker, I am the founder and owner of West Los Angeles Real Estate Group, handling all Real Estate needs from residential to investments To name a few of the cities we cover in West Los Angeles; Beverly Hills, Santa Monica, Brentwood , Pacific Palisades and Malibu are some of the most popular. Our beliefs are that our clients should have the knowledge they need to make decisions in there Real Estate Goals. In this way our clients helps us make the right decisions for themselves.
FIRST TIME HOMEBUYERS:INTEREST RATES BELOW 4% + LOW DOWN PA
"Plain and simple, we wouldn't have our home if it weren't for Bob. My wife and I were first-time homebuyers, and Bob helped us through the process every step of the way. It didn't matter that our price range was on the low side, given the LA market - Bob treated us like VIP clients the whole way through. He worked with us for over four months, sending us listings every week, going out with us to see several each Saturday or Sunday, always with a smile on his face and the most helpful advice. I was concerned that he might lose patience with us, because we were very particular about what we wanted, but he made it a point to make sure we knew that we were the customers, and that we called the shots about this very important purchase. That said, he protected us from a couple of potentially bad decisions. He actually steered us away from a couple of places with higher listing prices (and therefore higher commissions) than what we eventually bought, because, in his words, they were "money pits" that would cost us too much in remodeling, etc.
When we finally found the perfect place, Bob knew just how to close the deal and helped us with every step, from the initial bid to renegotiations for repair costs to working with escrow. And we ended up getting a very good deal on this place - it's now worth considerably more than what we paid! Bob was friendly and humorous the whole way through, and he ultimately made what could be a stressful process a really enjoyable experience. Thanks, Bob!