Home Buying Process in Plain English! with ELIZABETH BANKS
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.
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.
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
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®.
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?
Let’s get local
Trends for the US and 300 of the largest US Markets
The United StatesTotal Listings
1,762,125 TOTAL LISTINGS
-15.7% YEAR TO YEARMedian List Price
$228,000 MEDIAN LIST PRICE
7.0% YEAR TO YEARMedian Age
66 MEDIAN AGE OF INVENTORY
-10.9% YEAR TO YEAR
U.S. Local MarketsLos Angeles, CAPOPULATION 3,296,946 | MEDIAN INCOME $58,860
MEDIAN LIST PRICE $628K
MEDIAN AGE OF INVENTORY 40
Washington DCPOPULATION 6,066,097 | MEDIAN INCOME $92,441
MEDIAN LIST PRICE $424K
MEDIAN AGE OF INVENTORY 37
New York, NYPOPULATION 20,114,525 | MEDIAN INCOME $66,610
MEDIAN LIST PRICE $381K
MEDIAN AGE OF INVENTORY 63
Chicago, ILPOPULATION 9,570,110 | MEDIAN INCOME $61,244
MEDIAN LIST PRICE $248K
MEDIAN AGE OF INVENTORY 51
Seattle, WAPOPULATION 3,662,992 | MEDIAN INCOME $68,280
MEDIAN LIST PRICE $401K
MEDIAN AGE OF INVENTORY 29