First Time Buyers in Santa Clarita – Some helpful tips…

    Here are some tips that we tell our First Time Buyers – they might be of assistance to you while you are considering purchasing Santa Clarita Real Estate:

    • Try to Refrain from Large PurchasesBuying a home for the first time
    • If possible, don’t make any big purchases or take out loans that you can’t pay off in full within six months.
    • When you’re calculating how much you can afford to spend on a home, your total monthly debt should not exceed 36% of your gross monthly income. If you owe any more than that, you could find it hard to get a loan.
    • Investigate “Hidden” Costs Closing costs are normally 3-5% of the property’s value. In addition, owning a home has associated costs – insurance, property taxes, and maintenance all add up. Plan to spend 1% of your property’s value on annual repairs. Remember that moving into your first home probably means spending extra money on furnishings, too. Take all of these things into account when you’re calculating how much you can afford to borrow, and how much you’ll need to cover up-front costs.
    • Shop Around for a Loan. In a hot market, sellers often only consider bids from buyers who have mortgage pre-approval. Don’t use this as a reason to rush into getting a mortgage. Take the time to find a good deal, and carefully consider your options when it comes to interest rates and other terms.
    • Take into account how long you intend to live in the property. If you plan to move out after a few years, an adjustable rate mortgage may work better for you. Get a copy of the Good Faith Estimate before making a commitment so that you’re aware of these costs up front.
    • Using a Buyer Agent. A buyer agent is legally responsible for representing the buyer’s interest in a real estate transaction. Generally, the buyer agent is compensated by the seller at the time you purchase a new home. There are some limitations to using a buyer agent, i.e. – The Buyers agent is not in contract with the seller – Which is a huge advantage, however. Before you decide, have a Realtor explain the advantages and disadvantages of using a buyer agent.
    • Hire Independent Inspectors. When you find a property you like, the next step is hiring inspectors. This is usually optional, but it’s still an important part of the process. Before you make this purchase, you need know all about the property – whether it’s structurally sound, if the plumbing and wiring are in good condition, and if it has sustained any major pest damage. Your agent may provide you with a list of contacts or may offer to help handle it. However, it may be more prudent to hire independent inspectors. Using an agent’s “buddies” sounds attractive because it’s one less thing for you to do, but on the other hand the agent wants this deal to close so they can collect their commission, and they may not have your best interests in mind. <—How is that for transparency – We have a list that we provide our clients with Home Inspectors and other types of inspectors that have a Client Centered business model and consistently score a 9 out of 10 on testimonials.
    • Don’t Let Your Emotions Take Over. Buying a house can be stressful. Try to keep a cool head and be realistic. If small repairs are needed on a property that you really like, don’t be discouraged if the seller refuses to take care of them. Instead, negotiate a lower sales price. Similarly, set a limit on what type of repairs you’re willing to tackle yourself and then stick with that limit. If you don’t want to cope with major structural repairs then avoid properties that need them, no matter how much you like it or how flexible the seller is willing to be on price.

      If you have been searching for Real Estate and not having any luck – Stand fast and don’t lose hope.  Inventory will not always be this way and more comes onto the “for sale” market every day – If you want to get a view of potential listings that are now recorded as Pre Foreclosures – We have equipped our sites with the Foreclosure Radar Service – Enjoy.

    Trackback from your site.

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. is where you will find over 10,000 real estate articles. Go to to listen to their latest real estate radio broadcast.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback

    SCVnest Radio Show (listen now)