Buying Your Long Beach Home - Getting Started

Are You thinking about Buying a Home in Long Beach?

Buying your Long Beach Homes When beginning the home buying process the best place to start is by getting pre-approved by a great lender. Being pre-approved for your home loan not only assures you that you are shopping within your price range, it also equips you with the ability to make an offer immediately when you locate the home of your choice.

When you speak with the lender of your choice, ask them if they will be able to provide you with a lock-in letter and a written loan commitment. These items assure you that the loan is actually in place and that both the interest rate and the terms of the loan will be intact when you are ready to close escrow.

There are currently less Long Beach homes on the market than prior months. Over the winter months we had more, but less desirable inventory. Todays Long Beach Real Estate Market is providing better and more desirable choices for home buyers causing many Long Beach properties to receive multiple offers. It has been rare for offers to go much above asking price, however sellers are making choices based on the terms offered and the strength of the offer and the loan.

Placing yourself in a great position, prior to beginning your home search has never been more important.

We highly recommend the services of Brian Brady. Brain combines his extensive financial planning background with his incredible knowledge of todays financial markets to create the best possible scenario for our mutual clients. Brian can be reached at 858-777-9751; brian@californialoanconnection.com.

We are looking forward to making your dream of home ownership a reality. Call Laurie today to begin your home search 562-212-5420.

Long Beach Homes and Condos For Sale

(Direct feeds from the Southern California MLS)

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Posted on April 25, 2008 11:33:52 by Laurie.Manny

Posted in Main category, Long Beach Condos, Buyer Information, Home Buyer Information, Long Beach Condos, Buyer Tips

Laurie.Manny

2 feedbacks »

Comment from: Ann Cummings [Visitor]

· http://www.AnnCummings.com

This is a great reminder about the importance of getting written preapproval letters BEFORE looking for a new home or condo. Sellers are expecting that to be part of the process now, and it really lends great strength to buyers when they find that perfect property.

Permalink May 02, 2008 05:36:13

Comment from: Laurie.Manny [Member]

· http://www.longbeachrealestatehome.com

Hi Ann, In the market here the better properties have started to sell very quickly, often with multiple offers. When a buyer locates the property they are interested in purchasing they must be ready to write and submit that offer very quickly accompanied by lender approval. Pre-approval letters really don’t carry much weight anymore. Loan commitment and lock in letters are where the real strength is.

Permalink May 02, 2008 07:03:16

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