Buying a Home in Los Angeles

Before you start looking for a house, it's important to get your finances in order. This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. In California, where property prices can be high, understanding your budget and how much you can afford is crucial.

While it's possible to buy a house without an agent, most buyers opt to work with one. A good real estate agent will have knowledge of the local market, be able to provide insights into specific neighborhoods and help negotiate on your behalf. Naftaly Realty is your one-stop for all your home buying needs. We are local experts with Intel on homes before they hit the market. You will get the benefit of having a broker and real estate agent all in one.

Start searching for homes within your budget in the areas you like. Consider factors such as proximity to work, schools, and amenities. In California, especially in cities like San Francisco or Los Angeles, the market can be highly competitive, so be prepared to move quickly. Naftaly Realty will do all the leg work for you. All you have to do is give us your requirements and we will find your forever home

Once you find a home you like, your agent will help you make an offer. This includes the price you're willing to pay and any contingencies, such as the offer being subject to a home inspection, appraisal, or securing financing. In a competitive market, you may need to offer above the asking price or waive certain contingencies to make your offer more appealing.

If your offer is accepted and you've included an inspection contingency, you'll hire a licensed home inspector to check the property for any issues. The appraisal is required by your lender to ensure the home's value matches the amount you're borrowing.

With an accepted offer, you'll finalize your mortgage with your lender. This process includes submitting all necessary documentation about your finances and the property.

Before closing, you'll do a final walkthrough of the property to ensure it's in the agreed-upon condition. At closing, you'll sign all the necessary paperwork, pay your closing costs, and the property will be officially transferred to you. In California, closings are conducted by an escrow company that acts as a neutral third party to handle the exchange of documents and money.

After closing, you'll need to take care of any immediate tasks, such as moving in, changing the locks, and setting up utilities. You'll also start making mortgage payments based on the terms of your loan.