Is Now the Right Time to Buy in Costa Mesa?
This month has brought news of buyers backing out of pending sales contracts at a record rate—which could also have many would-be buyers asking themselves if buying in Costa Mesa right now is the right move. The questions are reasonable: “Will I be overpaying if I buy today?” “Will prices drop tomorrow?” “Will I get a better deal if I hold off?” In many cases, the best answers actually depend less on the marketplace than on the personal circumstances of the person doing the asking.
If, for instance, you are currently considering buying a home in Costa Mesa but think there’s a chance you may outgrow the home within the next few years, buying could be inadvisable. If you think there is a chance you might need to relocate or change jobs or income tiers, well, chances are you could be better served by renting until your personal plans become clearer.
On the other hand, if you believe you are buying a home that will meet your needs for the foreseeable future—if you are confident about your job prospects and earning power and that relocating is not in prospect—then there are substantial reasons to believe that buying a home in Costa Mesa now is likely to be the best move for you and your family.
First are the unambiguous financial plusses that go with owning a home. The tax advantages are weighty—especially in the current climate of rampant inflation and rapidly rising rents, holding spending to a fixed total is becoming increasingly valuable. Then there’s the peace of mind in knowing that you control your own residence rather than being subject to a landlord’s plans (and rent increases).
If buying in Costa Mesa looks like the right answer for you, one basic step will help you save money no matter whether the housing market is hot or cold. Shop around for the best mortgage rate–don’t just assume all offers will be the same that you hear from the first mortgage broker you contact.
But no matter how you proceed, make sure your decisions are made keeping in mind that, in addition to its investment value, your choice will determine the quality of your sanctuary and shelter. Getting that right will make for decisions and an investment that stands the test of time. When you’re ready to take a look at all that’s currently available in Costa Mesa, give us 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 info@thel3.com
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