Page 4 - Van Wig & Associates Newsletter, Alamitos Heights ~ October 2019 Issue

Q & A with the real estate expert

ASK ALLISON & CINDY

INVESTORS THWART MANY FIRST-TIME BUYERS

Dear Allison and Mortgage rates are low and it suggests that an entry-level understands your needs and in order, you can conduct
Cindy, I am a seems that every time I find home requires about 23 desires, and shop for a lender your search seriously and
Qsingle woman, not a suitable place, it’s off the percent of a new buyer’s you can trust and with whom move quickly on the home
independently wealthy market before I can even call income. Investors typically you feel at ease. They can you want. It’s not impossible
but doing pretty well for to inquire about it. Is there have several financing help keep you grounded in to get the jump on a
myself. I live within my means a conspiracy of which I am options, so they can hand the reality, and together you presumptuous investor. n
and save religiously; I still owe unaware? - Anita L. seller a wad of cash on the can determine what you can
on my student loan but the spot. You, on the other hand, afford and payments that
well-paying job has paid off in A Dear Anita, You are have to go through channels don’t make you squirm.
debt is not unmanageable. My
not alone in your and hoops to procure a loan.
Get your pre-approval
five-plus years in the same,
frustration. First- You can’t blame a seller for before you start hunting;
an abundance of transferrable time buyers may have the opting for a bird in the hand, discuss any down payment
skills and an impressive resume will and the way to purchase and competing against a assistance programs for which
(if I do say so myself), so I a house, but tight inventory cash buyer can easily have you may qualify as well.
do not fear unemployment or can make starter homes less you paying way more than Also, take the time to study
obsolescence. affordable than they otherwise you would if you were to the neighborhoods. Some
Having been a renter would be. In many areas, that approach the endeavor with homeowners’ associations Allison Van Wig
since my college days, I problem is exacerbated by detachment. and developments, perhaps (CA DRE #00985700) and
Cindy Hinderberger
believe it’s time for me to real estate investors eyeballing Breathe. Don’t get conflating rentals with (CA DRE #01902607)
buy a home of my own. those same properties with seduced by the first adorable transience, impose lease are Real Estate experts with
It doesn’t necessarily have plans to offer them up for house you see; even among restrictions to ensure a Van Wig & Associates.
to be a new build; I just exorbitant rents. slim pickings, there are others majority of owner-occupied You can call or email them at:
want a modest house with Data from the National begging for loving owners. properties. 562-754-8802 or
enough room to grow a little. Association of Realtors® Find a real estate agent who Once your financing is Allison@superbroker.com

Go to: www.LongBeachPrices.com

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