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
My wife and I would like to thank you for the work you did to help us find and buy our first home. We are not the easiest clients to satisfy, being we are both very particular as to the type of home we wanted to purchase.
We really appreciated your kindness, knowledge, and understanding of our wishes in helping us to find the best possible residence. We had dealt with several real estate agents before meeting you, and it was obvious to us that you were one of the few who really knew his stuff. Real estate law can be complicated, and it was reassuring to find someone who not only knows the law, but also knows the ins and outs of the industry.
You were great at understanding our needs and desires, even when it was difficult for us to state verbally the type of residence we were looking to purchase. After viewing several residences, it became apparent to you what we liked in a home and you steered us in the right direction. You helped us every step of the way from showing us the best homes, explaining the industry and the laws, advising us on making an acceptable bid, getting us through the paperwork, and taking care of all the little details.
We will highly recommend you to any of our friends or acquaintances who wish to purchase a home in the future. Thank you once again for your help, and we hope to see you sometime in the future.