The first home you buy will most likely be a stressful event if your like most people. How much can you afford? Where is the best place to Buy? How much down payment do I need for Buying a Mission Viejo home? A monthly mortgage obligation of how much for the next 30 years... ARRRGH!!! But having bought and sold many homes of mine own, and helping hundreds and hundreds of home owners purchase their first home, I can attest to you that is well worth the initial stress.
Mission Viejo has a wide range of housing designed for the first time home owner. There are currently 159 attached Condos and Townhomes for sale in Mission Viejo ranging in price from $289,000 for a 1 bedroom, 1bath on up to $825K for an attached Townhome with 3 bedrooms, 2.5 baths, 1,700 SqFt of living area in the Lake Mission Viejo community with a Lake view. If one prefers detached homes, there are 321 homes for sale in Mission Viejo ranging in price from $510,00 to $1,000.
There are many home buying loan programs available today that are designed for first time home buyers that did not exist just 7 years ago. There are loan programs offering no down payment of very low down payment of 3% to 5%. There are other loan programs geared for the self-employed in which you do not have to verify your income (so called stated income) if you have sufficiently good credit. In other situations it can be negotiated to have the home seller pay for your closing costs. While other loans exist offering adjustable rate mortgages, interest only mortgages and now a new 40 year amortized mortgage... all developed to help keep the monthly payments down.
There are also new computer technologies available today that greatly assist the new home buyer in searching for and identifying the perfect Mission Viejo home to buy. One of the more valuable services, is the automated just listed email alert service. This new Just Listed home finding service searches the local
Mission Viejo MLS everyday, and if a new listing comes on the market that meets your requirements (price, size and location), it sends you an email with all of the details of the home that you need in order to make a buying decision. This valuable and free service brings peace of mind and convenience to today's busy home seeker.
If your like most people in Mission Viejo, the home that you buy and live in will be your best and most valuable investment in your life.
Mission Viejo real estate has enjoyed great price appreciation for many decades now, and estimates are that will continue for decades to come. Plus the tax advantages for owning real estate are unbeatable. You can deduct your interest payments on your residence, or save capital gains tax using a 1031 exchange for rental property, plus the tax free treatment of up to $500K of equity when you sell your residence, makes real estate ownership a fantastic investment.
Finally, acquiring the services of a professional Realtor who has lots of experience in the local Mission Viejo area, and in working with first time home buyers will help greatly in making your home buying experience an enjoyable process, rather then a frustrating one. For more information on how to buy your first Mission Viejo Home, just visit our website below.
Mr. Bindi is a Real Estate Broker with Keller-Williams Realty and has been selling real estate since 1989. Mr. Bindi has sold over 800 homes in his career and specializes in working with home buyers throughout south Orange County CA. To search the MLS for Homes for sale at:
www.Search-OCHomes.com
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