coldwell banker

coldwell banker

Real Estate Blogs Review — From CA Assoc of REALTORS(c). - "Calling All First Time Buyers"

4m ago
SOURCE  

Description

http://CBAllianceRealEstate.com Whats up people its the Real Estate Coach from Coldwell Banker Alliance Realty in Whittier California and this is a real estate blog review. Now, its actually a real estate video review and I know that sounds kind of strange because basically what we do here are Real Estate Blog Review is we go through thousands of real estate related blog posts and bring you just a few of them in a video format -nice and abbreviated. And our goal of course is to make buying and selling a little bit easier for the home buyers and sellers in southern California. But I ran across a very interesting video the other day, it was by the California Associate of Realtors(c), or CAR, and it was more of a info-graphic video, so there were no actual words being spoken on it but the information in it was awesome. So what I'm going to do here is I'm going to attempt to watch the video and talk you through it at the same time. Its called One Cool Thing for First Time Buyers and if gives you some really cool information. So, if you're ready to buy your first home, do you know how much entry level homes cost in different parts of California? How much do you need to earn to qualify for a home loan? Questions you need to ask yourself ... like, what can you expect you monthly mortgage payment to be once you move in? That's where you start. Those are the questions. Now here's what you need to know when buying your first home, especially here in Southern California. California, as a whole ... ... the entry level price is about $289,000, average monthly payment about $14,000, with minimum qualifying income of about $41,500, $41,600. What about Los Angeles? Entry level price for a single family home $267,000, monthly payment about $1,300, home qualifying income of about $38,500. I would have thought it was the other way, but that's not the case. What about the Inland Empire? Entry level price for a single family home about $164,000, monthly about $800, minimum qualifying income $23,700, not bad. Lets go up to San Francisco just to get an idea. $483,000 average median home price, $2,300 average monthly payment and a minimum qualifying income of just under $70,000. So when people start to tell you Southern California Real Estate is not as affordable, think about this. Going into San Francisco and its about three times what you need here. Where will you buy your first home? I'm going to say go ahead and stick with Southern California. Now, again, this is a new experiment today to try and get you a little bit of help as to what you need as far as information for first time home buyers. The goal of the Real Estate Blog Review is to do that for you and help you out. This is from a video, on the California Association of Realtors(c) website. I am going to link it below, on the blog post, so you can get to it and watch it for yourself. The information comes by quick, you may have to pause like I did during this video. But I think its really solid information as you begin your Southern California home search. This has been Real Estate Blog Review slash Video Review today. It is our goal of course to help out the home buyers and sellers of California we love to do that with you. Give us a call at 562-222-4905 or email us at cbawhittier@gmail.com. This has been The Coach, having some fun experimenting with real estate blog review, hope to see you on the next one. Take care everybody. The Coach