The 5 Key Steps to Buying a Home in Mar Vista
Located on the sunny shores of Westside Los Angeles, the breathtaking enclave of Mar Vista is the perfect blend of modern sophistication and old charm. The town promises to meet your housing needs, whether you want a cozy single-family unit tucked away from the noise, a luxurious estate, or a modern condo. And if you have settled on a Mar Vista real estate investment, here are the five steps that will bring you closer to buying a home in Mar Vista.
Consider Different Property Options
As with any hot market, homes for sale in Mar Vista are in endless supply, especially in terms of variety. The properties are available in different architectural styles, price ranges, and construction types. As such, the first thing you should do is to consider all your options. Go through active listings, preferably with a real estate agent or broker, and pick out homes that appeal to your sense of style, living requirements, and budget. Consider your tastes. Would you prefer to share amenities or maintain a home on your own? Do you like modern designs or historic constructions? Be very specific about what you want and need from your dream Mar Vista home.
Pick a Neighborhood
Next, pick a locale to call home. Part of Mar Vista’s allure is its variety and that although it is a neighborhood, each area within it has something different to offer. Consider going north of Venice Boulevard if you want a single-family suburban neighborhood with mid-century modern homes. On the other hand, head south if you prefer condos and apartment buildings with modern amenities and more neighbors around. Your agent can help you explore your options.
Analyze the Costs
Once you determine the type of home you would like and where you would like to live, consider all the costs. Homes in Mar Vista are a little on the expensive side, with prices ranging from $1 million to $4 million. Buying a home, however, involves more than the closing price, as your agent will explain. Analyze other expenses, including taxes and inspections. It is important to create a budget and talk to several lenders about getting a mortgage pre-approval. Usually, most buyers will dismiss your offer unless you have a mortgage pre-approval letter from a lender.
Inspect the Home
Work with your agent to arrange an inspection of the home you would like to purchase. The goal of this step is to determine whether the home is in good condition or requires repairs. For a smooth process, make sure the inspection officer looks at the plumbing, electricity, walls, foundation, fixtures, and more. It would be inconvenient to purchase a home only to find that it is not move-in ready.
Let Your Real Estate Agent Handle Negotiations
Finally, unless you have formal real estate training, let your real estate agent or broker handle the negotiations with the seller. Their knowledge of the local market allows them to determine the best price points for your purchase. Also, your real estate agent is a soberer party with experience in handling similar negotiations – traits that will help you get the best possible deal.
Learn More from Mar Vista Real Estate Expert Campbell Wellman
Buying a home is a huge step, and it helps to be prepared. A little research goes a long way in prepping you to handle inspections, negotiations, and showings. However, all the research in the world cannot eliminate the need for a professional real estate expert. If you are ready to move to Mar Vista, you can best protect your investment by contacting the esteemed brokerage firm Campbell Wellman. The team will pair you with an expert to help you realize your dream with minimal fuss.