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5 Reasons Your First Home Should Be A Duplex

You can live in one side of a duplex and use the other side as a rental property, an office, or a guesthouse.

When most people think about buying their first home, three options typically come to mind: single-family home, townhouse, or condo. But there’s a fourth option to consider: a duplex home. Plus, if you rent out one side, renters can help pay that mortgage. Here are five reasons why duplexes may be the hot new home type. more »

Duplex in which both units are Move-In Ready!

Each unit has 3 Bedrooms and 2 Bathrooms with Laundry hookups in both.

Projected Rent: $2,600X2=$5,200 a month

To get Pricing and Information

Text: List778204 to 800.701.6509

7 reasons why you shouldn’t rule out buying a condo

Don’t let a skimpy home buying budget stop you from kicking your landlord to the curb. When even the most basic of starter homes soar in price, there’s always the trusty condo to fill the void. more »

Your 2018 Hollywood Bowl lineup is live

From Diana Ross to Rachmaninoff, Gustavo to the Go-Go’s, Ozzy to the O’Jays, it’s going to be a very eclectic season. New this year: an expanded dance lineup – yes. (And we can’t wait for the Grease and Sound of Music sing-a-longs.) more »

The 65 best decorating ideas of all time

How can we say that? We can’t. But the design gurus of Elle Décor definitely can. Some lightbulb moments: you can layer décor over time. Why you should never e-shop for rugs. Décor is always a work in progress. Invest where it matters. Edit, edit, edit. more »

Curious what your home is worth today?

Get three automated estimates now… no cost and no obligation. For an in-depth evaluation, don’t hesitate to contact me. more »

Metropolitan | Market Report

Curious about the real estate market? Start here with the latest stats and video market recap. more »

You can reach me by phone or by email. You may also view my Website for additional information on the services I provide. 

If you’re thinking about Selling, Buying or Investing in a single-family home, townhouse, or condo.
I can HELP!
I cover Los Angeles and Riverside Counties

Feel FREE to forward my email to your Friends, Family or Co-Workers. It would be my Pleasure to work with them. 

Chat with you Soon!

Posted on April 20, 2018 at 5:32 AM
Will Thomas | Category: Uncategorized | Tagged , , , , ,

BUY YOUR HOME WITH $0 DOWN!

You’re ready to buy your first home, but you can’t seem to get far
enough ahead to save for the down payment.

If you have good credit (640 fico) and a stable work history, you
may qualify for a down payment assistance program. If you have
never owned a home or haven’t owned in three years, then call me
to learn about the AWESOME loan programs available for people
that do not have savings for a down payment.

• 640 Fico or better
• Stable work history(2yrs.)
• Have not purchased a home in the last 3 yrs.

To find out if a similar program is available or if you qualify, give me a call today.


Will
Realtor
John Aaroe Group
p: 310.652.6285 m: 323.359.6719
a: 3717 S. La Brea Ave #102 Los Angeles, CA 90016

Posted on May 4, 2017 at 7:58 PM
Will Thomas | Category: first time home buyer | Tagged , ,

A Checklist For the First-Time Homebuyer

helpful-tips

Like shopping for anything expensive, shopping for a home requires research and a game plan. When you have a list of steps to take, the process will be far less perplexing and far more enjoyable. You’ll also be more successful if you have a strategy, so let’s take a look at some of the initial steps to take to get you into that new home. Check them off as you complete them.

Get ready to buy a home – check your finances

No, working on your finances won’t be the most exciting part of the process, but it just may end up being the most rewarding. Just as you wouldn’t go car shopping without knowing exactly how much you can afford to spend, neither should you step foot in even one home for sale without understanding where you stand financially.

A good place to start is with your credit score. If you haven’t checked it in a while, order your credit reports. By law, you are entitled to one free credit report (from each of the three reporting agencies) every 12 months. The only company that is authorized by the Federal Trade Commission to supply consumers with these free reports is annualcreditreport.com. I can also do this for you for $16

Go through the reports and dispute any errors you find. Fixing even one error may significantly impact your credit rating.

Then, go over your budget (if you don’t have one, create one using the template here). Tally up all of your debts and figure out how much money you have coming in every month.

Finally, determine where you can make cuts or how you can bring in more money to set aside for your down payment and closing costs. Your down payment requirement will depend on which loan program you use and closing costs, although variable, typically run between 2 and 7 percent of the loan amount, according to the National Association of Realtors.

Shop for a mortgage

Meeting with a lender is the next important step in the game plan. Based on the outcome of your first meeting with a loan officer, you can request a preapproval letter, which puts you in a strong negotiating position with home sellers.

Lenders want stacks of paperwork, all proving that you can afford a home. Plan on supplying your lender with at least the following:

  • Tax returns, including Schedule C if you are self-employed
  • Pay stubs,
  • W2s,
  • Bank statements (all pages, including the blank ones)
  • Identification, including your Social Security card and driver’s license

The self-employed and those pursuing jumbo loans may be asked for additional documentation.

Make a list of must-haves in your new home

Now that you know how much you can spend on a home, it’s time to make a shopping list, which can include items such as:

  • Location – proximity to public transportation, schools, shopping or whatever is important to you.
  • Neighborhood must-haves – community pool, security gate, guard, trails, clubhouse, etc. Do you want friendly neighbors or those that keep to themselves? A neighborhood with or without kids?
  • Architectural style – if you have a particular style in mind, such as colonial or Victorian, list that, as well as the number of bedrooms and bathrooms you need.
  • Interior features – If there is anything you absolutely must have, such as a formal dining room or a chef’s kitchen, make note of it.
  • Exterior – Do you need a large lot or just a small yard? Is a carport sufficient or do you require a garage? Don’t forget to list pool, spa, fencing and any other exterior features you want in your new home.

Finally, organize the list, placing the three most important items at the top. These are your priorities, and you should share them with your real estate agent.

Tip: To determine your priorities, think about what you find intolerable about your current living situation. For instance, if barking dogs drive you crazy, vow to find a quiet neighborhood. If you’re sick and tired of mowing the lawn when you’d rather be relaxing, seek a home with low-maintenance landscaping.

Find a real estate agent

Since you’re now ready to look at homes, you’ll need a real estate agent’s help from here on. Remember, the services of a buyer’s agent won’t cost you anything – the seller pays all real estate commissions, so there really is no reason not to have your own representation and many, many reasons you should.

While all of the steps in the above checklist are important, and should be taken in the order listed, securing the services of a professional real estate agent to help in the purchase of a home is critical. Having a pro represent your interests, negotiate on your behalf and walk you through all the piles of paperwork — at no cost to you – will give you peace of mind during the process.

Posted on November 8, 2016 at 2:50 PM
Will Thomas | Category: Uncategorized | Tagged , ,