Tips for Los Angeles Homebuyers in the Current Housing Market

Homebuyers are wondering, “Should they continue to wait, or should they jump in right now?”

Some buyers have house-hunting fatigue after dealing with multiple-offer situations previously. Or they’re newly pre-approved, and their initial pre-approval number is a little lower than expected.

Here are three things homebuyers can do to help them decide if they’re ready:

• Focus on your monthly mortgage payments.
• Ask your agent to negotiate credits during escrow.
• Be willing to negotiate at a lower price point.

If all goes well, homebuyers can get a property at a lower price point, potentially with some credits, and in the end, your monthly mortgage won’t be too much different from what you were originally quoted earlier in the year.

So if you’re a homebuyer that’s on the fence, just know that you have options! Reach out to us today if you want to discuss possible scenarios or competitive loan programs. Happy house hunting!

Letty Vermeulen⁠
Aspire Los Angeles⁠
213-935-0050⁠
DRE # 01773473⁠