Buying a Home in Los Angeles County: What You Need to Know

If you’re thinking about buying a home in Los Angeles County, you’re not alone! The median sales price for single-family homes over the past 12 months was $975,000—a number that might seem daunting at first. However, with the right approach, homeownership could be more achievable than you think.

Here’s How to Navigate the Market:

Start with Your Budget
Buying a home isn’t just about the price tag—it’s about understanding the full financial picture. Factor in property taxes, insurance, maintenance, and closing costs to get a realistic view of affordability.

Look Into Assistance Programs
First-time homebuyers may qualify for down payment assistance programs or special financing options that can lower upfront costs. Exploring these programs can open doors you didn’t even know existed.

Be Ready to Compete
Homes priced below the median often attract multiple buyers, leading to bidding wars. Having a pre-approval letter before you start house hunting can give you a competitive edge and show sellers you’re serious.

Focus on the Future
Your first home doesn’t have to be your forever home. Many buyers start with a starter home or condo to build equity, which can later be used to move into something bigger. Real estate is an investment in your future!

Need Guidance? We’re Here to Help!

We’ve worked with many buyers who thought they weren’t ready or didn’t have enough saved, only to find realistic pathways to homeownership.

Have questions? Let’s talk! We’d love to help you create a homebuying plan that works for your situation. Homeownership might be closer than you think!