If you have any questions about selling or buying a home in Simi Valley, California feel free to reach out to Ventura County Homes by Ainslee by filling out one of the forms on this page, by email at AinsleeCharles@Gmail.com, or by call/text to 805-232-8503.

Buying a Home in Simi Valley, California

Buying a home in Simi Valley can be quite an endeavor. Whether you are a first-time homebuyer, or an experienced home buyer, hopefully the following tips will help make the process a little bit smoother for you.

picture of a living room taken when buying a home in simi valleyCheck your credit reports

If you are not already doing this on a yearly basis, it is a good idea to check your credit reports before looking for a home in Simi Valley.  Your credit report and corresponding score can have a big impact on loan amount and terms. You want to make sure that it is free of errors, and if not, take the necessary steps to fix any problems.  For a free annual copy of your credit report, you can go to annualcreditreport.com.

Get pre-qualified

Knowing the difference between pre-qualification and pre-approval can be confusing. A pre-qualification is an estimate of how much you are able to pay for a house based on numbers provided to your lender.  A pre-approval is an approval from a specific lender for a specific loan amount once the lender has reviewed documentation verifying the information given.  Although you can wait a little while for a pre-approval, I definitely recommend that everyone get pre-qualified before starting the home buying process.  This will let you know approximately how much home you can afford so that you are not wasting time looking for homes that you won’t be able to get a loan for.  If you have the time, getting a pre-approval is the best way to know what loan programs you qualify for and how your monthly mortgage will look once you have found and closed on the home you’re looking for.

Shop around for different loan rates

Another good tip is to search around before committing to a lender.  Different lenders offer different fees and programs, although many of their rates are similar.  Another quality that is often overlooked is responsiveness of a lender.  You want to work with a lender who responds in a timely manner and that you don’t have to ask 3 or 4 times to receive a piece of information.  If you are working with a good Simi Valley real estate agent, they should be able to refer you to a couple of high quality lenders.

Consider using a Simi Valley real estate agent

A good real estate agent can be worth his/her weight in gold.  Just a few of the services they can provide you with include:

– Automatic MLS searches of homes that meet your criteria

– Scheduling appointments to view homes of your choice

– Submitting offers on your behalf

– Negotiating price/terms in your best interest

– Assisting with all of the paperwork

Take into account resale value

On average, people move every 6-8 years, so the chances are that you will not be staying in the house you buy forever.  That being said, I recommend you take into account the resale value of any home you are considering.  Houses that are not in the best of locations or that are very unique can be tough to sell, especially in a buyer’s market when there is a lot of competition.  No one can predict what the Simi Valley real estate market will look like that far in advance, but you may not want to buy a house that you think you will have trouble selling in the future.

Be 100% sure when buying a fixer-upper

Buying a house in Simi Valley that needs work can seem like an appealing thing to do.  With all of the “fix and flip” shows, it can seem easy and fun to buy a house that needs a lot of work at a “discount” price, so that you can fix it up in the style of your choosing. If this is something that you are thinking about doing, please make sure you take everything into consideration.  Are you going to do the work yourself or hire a professional? Are you willing and able to tackle the unforeseen risks when remodeling?  Do you have the time and patience to live in a house that is being worked on? Buying a house that just needs carpet and paint is one thing, but a full-blown remodel should not be taken lightly.

Get a home inspection

I always recommend that buyers hire a professional home inspector.  Even if you have construction background and a trained eye, home inspectors can catch maintenance and safety issues that might otherwise go unnoticed.  For the cost of a few hundred dollars, your home inspector can potentially save you 1000s of dollars in issues down the road.

Negotiate

Just because a house is listed at a certain price, doesn’t mean you have to offer that price.  Some things to consider when submitting your offer include prices of similar homes in the area, the condition of the property, the seller’s motivation, etc.  In a strong seller’s market, your ability to negotiate may be diminished due to demand for housing.  This is where a great real estate agent can provide tremendous help. They should be aware of the market trends in Simi Valley to help aid you in determining what you should negotiate on and what you probably shouldn’t.  For example, if most homes are selling at or over asking price, your chances of getting an offer accepted under asking price may be low. Once your offer is accepted, you can also continue to negotiate price or other terms depending on the results of the home inspection.  Again, a good real estate agent can be invaluable in this area as well.

Buying a House in Simi Valley California

Ventura County Homes By Ainslee can help you with any and all of your Simi Valley real estate needs. If you are looking to buy or sell a home in Simi Valley, I will be happy to help. To set up a free, no-obligation consultation, or if you just have questions about the Simi Valley real estate market, feel free to reach out to me at any time. I can be reached at any time by email at AinsleeCharles@gmail.com or by text or call at 805-232-8503. You can also fill out one of the forms on this page and I will get back to you just as quickly as possible.

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