Home Buying Process in Plain English! with ELIZABETH BANKS

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STEP 1

Knowing When You’re Ready

Buying a home is so grown-up and impressive, but there are a few things you should think about before you start telling everyone how grown up and impressive you are.

Rent or buy? >

Home Buying Process in Plain English Step 1


STEP 2

Mortgage Lending 101

Unless you have a boatload of cash under your mattress, buying a home usually costs more money than you currently have. First, you’ll need a competitively-priced loan.

How much can I afford? >

Home Buying Process in Plain English Step 2


STEP 3

The Search

You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first.

  • Find a Realtor
  • 188 homes in RANCHO PALOS VERDES, CA
  • 21 just LISTED
  • 66 price REDUCED

Home Buying Process in Plain English Step 3


STEP 4

The Offer

Here you are, ready to make an offer on your first home! And since you’re about to part with an insane amount of money, it’s time to get close to your REALTOR®.

Learn more >

Home Buying Process in Plain English Step 4


STEP 5

Closing the Sale

There is nothing more awesome than taking ownership of your new dream home. But before you do that, you better loosen up your writing hand. Did someone say paperwork?

Learn more >

Home Buying Process in Plain English Step 5


Let’s get local

Trends for the US and 300 of the largest US Markets

The United States

Total Listings

1,762,125 TOTAL LISTINGS

-15.7% YEAR TO YEAR

Median List Price

$228,000 MEDIAN LIST PRICE

7.0% YEAR TO YEAR

Median Age

66 MEDIAN AGE OF INVENTORY

-10.9% YEAR TO YEAR

U.S. Local Markets

Los Angeles, CAPOPULATION 3,296,946 | MEDIAN INCOME $58,860

MEDIAN LIST PRICE $628K

MEDIAN AGE OF INVENTORY 40

20,364TOTAL
LISTINGS

Washington DCPOPULATION 6,066,097 | MEDIAN INCOME $92,441

MEDIAN LIST PRICE $424K

MEDIAN AGE OF INVENTORY 37

22,103TOTAL
LISTINGS

New York, NYPOPULATION 20,114,525 | MEDIAN INCOME $66,610

MEDIAN LIST PRICE $381K

MEDIAN AGE OF INVENTORY 63

92,097TOTAL
LISTINGS

Chicago, ILPOPULATION 9,570,110 | MEDIAN INCOME $61,244

MEDIAN LIST PRICE $248K

MEDIAN AGE OF INVENTORY 51

45,012TOTAL
LISTINGS

Seattle, WAPOPULATION 3,662,992 | MEDIAN INCOME $68,280

MEDIAN LIST PRICE $401K

MEDIAN AGE OF INVENTORY 29

6,433TOTAL
LISTINGS

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