tag:blogger.com,1999:blog-63779726074151981092024-02-08T10:46:09.443-08:00House For Sale Manhattan Beach CARichard R. Reslerhttp://www.blogger.com/profile/10033374146071902679noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6377972607415198109.post-28753637237537705612014-06-01T23:43:00.002-07:002014-07-16T22:01:46.610-07:00House For Sale Manhattan Beach & Beverly Hills California<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<b><a href="http://houseforsalemanhattanbeachca.webgarden.com/sections/house-for-sale-manhattan-beach" target="_blank">House for Sale Manhattan Beach</a>, Beverly Hills, Rancho Palos Verdes</b></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Steps to Buy A House. </b><b>What is best: buying or keep renting?</b></div>
<div style="text-align: justify;">
<br /></div>
<center>
<iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/ft0Of-1rTG8" width="560"></iframe></center>
<div style="text-align: justify;">
In most cases buying your house it's better than keep renting, so you stop “throwing” you money away into renting. It’s also better to buy as soon as you can afford to do so. If you wait, prices could go up or you'll use the money on something else…<br />
For me there is no option: buying a house is a great investment.<br />
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The exceptions are: people who have very low rent, or who plan on moving frequently or in a few years. It’s important that you figure out whether buying is a good idea or not for your situation.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
A proof that buying is the preferred choice, it’s the 3 millions searches results for “home for sale Manhattan Beach”, or “home for sale Beverly Hills or “home for sale Rancho Palos Verdes” on Google searches.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Some of the basics of buying a Home</b></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
This information is also very useful for house sellers because they go through the same process on the other side of the equation.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
When you buy a house you usually don't pay cash. You rather take a loan (called mortgage) and pay your home in monthly installments.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
You make a small down payment in cash (usually 3.5 to 20% of the home sale price), and you get a mortgage loan from a bank for the rest of the house payment. You make payments on this loan every month for 15 or 30 years, until the mortgage is paid in full.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>What kind of home can I afford?</b></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
When buying a home in Rancho Palos Verdes, Manhattan Beach or Beverly Hills, the rule of thumb is that you can afford a home worth about three times your annual household income. If your combined income is $300,000, you could afford a $900,000 house.<br />
What about selling a house in Martha's Vineyard?<br />
<br /></div>
<center>
<iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/KamdLH6ElcA" width="560"></iframe></center>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
On occasions when you could afford a certain home price range, you could consider getting a bigger home than you need and renting out part of it. This is especially a good investment for single people, where the smallest home they can find might be too big for their needs. Later as your income increases and you can afford to live without renters you can do so, and you'll come out ahead by having bought sooner rather than later.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
A friend of mine recently was paying $650 to live in a tiny 1-bedroom apartment. He bought a 4-bedroom house that cost her $1,500/mo., and rented out two of the rooms for $900/mo. total. His net cost per month is only $600. He's spending $50/mo. less, and he has twice as much room, a yard for her dog, and he owns her own house.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Money you'll need up front when buying a house</b></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
- Down payment:3 to 20% of the purchase price. The actual amount depends on the kind of loan you get and your credit score. Your bank might offer a zero-down loan, however if you can afford to make a down payment, you should do so, because you'll get a lower interest rate and because your monthly payments will be lower.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
- Closing costs: are going to be between 1% to 8% of the purchase price of the house. Most times you don’t have to pay this up front. The bank might be willing to add it to your mortgage.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
- Miscellaneous Costs: $300 to $900 in.</div>
<div style="text-align: justify;">
These includes:</div>
<div style="text-align: justify;">
- the application fee for the loan,</div>
<div style="text-align: justify;">
- the fee for the bank to run your credit report,</div>
<div style="text-align: justify;">
- professional inspection of the home,</div>
<div style="text-align: justify;">
- and an appraisal (if you can't get the appraisal added to the closing costs).</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
- Putting these three things together, on a $200,000 house you'll need</div>
<div style="text-align: justify;">
- $6,000 to $40,000 for the down payment (unless you get a 0% down loan)</div>
<div style="text-align: justify;">
- $0 to $16,000 for the closing costs</div>
<div style="text-align: justify;">
- $300 to $900 for miscellaneous costs</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Total: $6,300 to $56,900. Yes, that's quite a difference. You'll learn more about estimating the costs for your own situation as you go through this guide.</b></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
- <b><a href="http://homeforsalemanhattanbeachca.wordpress.com/2014/05/28/homes-for-sale-in-manhattan-beach-california/">House for sale Manhattan Beach CA</a></b></div>
<div style="text-align: justify;">
- <b><a href="https://www.youtube.com/watch?v=ft0Of-1rTG8">House for sale Beverly Hills</a></b></div>
<div style="text-align: justify;">
- Home for sale Rancho Palos Verdes<br />
- <a href="https://www.youtube.com/watch?v=KamdLH6ElcA" target="_blank">House for sale Martha's Vineyard</a><br />
- <a href="https://www.youtube.com/watch?v=tM6Exh5F0pw" target="_blank">Holy Glenn Homes for Sale</a><br />
- <a href="https://sites.google.com/site/houseforsalemanhattanbeachca/house-for-sale-manhattan-beach-ca" target="_blank">Wiseburn School District Homes for Sale</a><br />
<h1 class="yt" id="watch-headline-title" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; color: #222222; font-family: arial, sans-serif; font-size: 24px; font-weight: normal; margin: 0px 0px 5px; overflow: hidden; padding: 0px; text-align: start;">
<br /></h1>
</div>
</div>
Richard R. Reslerhttp://www.blogger.com/profile/10033374146071902679noreply@blogger.com1