Looking to buy or sell a home in South LA County or North Orange County? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (562) 316-2915 for a FREE home buying or selling consultation to answer any of your real estate questions.
If you are a homeowner looking to buy a new home in the North Orange County or South Los Angeles areas, there are a few things you need to think about before making any moves.
- Are you planning on selling your current home, or keeping it as an investment property? If you are going to rent it out, you need to be sure you have at least 30% equity in the home or you'll likely have to pay two mortgages.
- If you want to sell your home, you need to make sure your home is in escrow before making an offer. No one will take your offer seriously if your home isn't sold on the on the other end.
- Upon finding a replacement property, you need to have a plan about what to do next. You can move into your new home and rent it back for up to 30 to 60 days, paying the daily cost of the home, if the seller agrees to it.
- Also, moving in with friends or family is always an option if your sell your home before finding the right property. There are also month-to-month rentals you can look in to.
For advice on what option is best for you, give us a call or shoot us an email. We will help you determine the best course of action by looking at your specific needs and situation.
