Many longtime homeowners created their Living Trust years ago when their children were younger, their financial situation looked different, or before retirement became a reality.But here’s
Is This Your Situation: Buying in a Seller's Market?
Dated: June 12 2023
Views: 32
Is This Your Situation: Buying in a Seller's Market?
When it comes to buying a home, listen to your brain and your gut.
Don't Get Emotionally Invested in a Home
At least not until it’s officially yours! Lose the temptation to picture yourself and your family in the home. It’s just a structure that meets your needs until you successfully buy it. Then, go wild—it's yours!
Don't Go Over Your Budget
Before you start looking at homes, sit down with your mortgage lender to understand how much money you can borrow. Determine if your family’s budget is comfortable with the highest loan amount or if you need to lower the amount to stay financially stable. Once you have a figure set, keep this in mind with purchase offers and do not go over it, even when bidding wars erupt.
Don't Overpay for the Home
Know the neighborhood. Know recent sale prices for comparable homes. Overpaying can mean big, expensive trouble later when the appraisal comes in below the purchase offer price. You might have to pay money out of your pocket, or walk away and lose your earnest money/deposit.
Don't Go It Alone
Working with a real estate professional—like us—can help you navigate a home purchase in a competitive market. Our knowledge, market know-how and negotiation skills can work to your advantage.
Give me a call today so I can help you find a great home, even in a seller's market.
☎️ (818)389-4465
📧 armine@arminegroup.com
💻 arminegroup.com
Arminé Ghevian
My goal is simple: a commitment to finding the dream home, purchase, or sale for my clients. With more than 25 years of experience in the real estate industry & the Los Angeles County market, my t....
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Based on information from California Regional Multiple Listing Service, Inc. as of September 23, 2026 6:51 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from CRISNet MLS as of September 23, 2026 6:40 PM UTC All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
