The other day, it was interesting to read a featured commentary on the MoneyCrashers.com website. It promised to pinpoint the “6 Factors” to consider when deciding whether you “should buy a home now— or wait?” No dateline was visible, but you’d have to deduce that it had first been published a while ago. The absence of any mention of today’s changed circumstances and the uncertainties ahead made it pretty clear that it had been written in pre-pandemic days (remember those)? Even so, the “6 Factors” do hold their validity. They may not cover all the key considerations—but they do set the stage for that very weighty decision.
The first factors dealt with financial viability. Realistically, those first three are basic qualifiers for buying any home in Costa Mesa. Counted as #1 was a buyer’s current state of finances—having the financial wherewithal, including a provision for emergencies, to fund the process. The second was the stability of future income (a factor that’s suddenly become less predictable). We can hope this soon becomes more foreseeable. The third factor dealt with having an adequate credit score. Those first three are all factors without which buying a home would be imprudent, if even possible.
The remaining three factors were more subjective but also more original and thought-provoking. A commitment to staying in one place may be personality-driven but has ramifications that are also financial. A buyer who might not stay rooted in Costa Mesa for at least three years would usually be better advised to settle for renting—thus avoiding the expenses of buying and selling in a compressed timeframe. Next, commitment to homeownership is a sometimes overlooked quality-of-life consideration. Without the willingness to take on home repair and maintenance challenges, the pride that homeowners take in mastering those skills can instead become a collection of drudgery-laden burdens.
The final factor was the “state of the current real estate and credit market.” Half of that one is clear: the state of the ‘credit market’ part couldn’t be more auspicious. The other part—the state of today’s Costa Mesa real estate market—is easily determined. Just give me a call!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at email@example.com