Buyer FAQs

A Southern California Real Estate Perspective

Answers to Your Los Angeles Buying Questions

Buying a home on the Westside of Los Angeles is both thrilling and a bit unnerving, especially if you’re a first-time home buyer.  Both experienced home buyers and first-time buyers alike will benefit from the frequently asked questions below.  Before you begin your Los Angeles home search it is recommended you prepare yourself for the journey by educating yourself. This will ensure you are a knowledgeable home buyer prepared to make a confident home buying decision.

I've never purchased a home before. Where should I begin?

Actually, you’ve already started the process. Fact-finding and reading articles is a great way to become a smart consumer. The highest priorities to focus on before you begin searching for specific areas, neighborhoods, or homes would be to:

  • Familiarize yourself with your personal finances.
  • Learn about the various neighborhoods within Los Angeles.
  • Carefully review your budget and begin to eliminate as much debt as possible.
  • Have a down payment and earnest money ready when the time comes to act and make your offer.

I want to keep updated on new listings. How can I do this?

Keeping updated on your favorite homes and when new homes come onto the market is easy, contact Natalie Riggs to have a personalized listing report emailed to you on a weekly basis and receive updates via email daily when new properties are added.

What is my role in the selling process?

No one has a more important role in the home selling process than you.  Here are some ways your participation can contribute to a successful sale: maintain your property, ensure that it is easily accessible for showings, be in constant communication with your agent, remove or lock up valuables, secure pets and limit conversations with buyers/agent about price.

How much money will I have to come up with to buy a home?

You will need to come up with three costs: earnest money – the deposit you make on the home when you submit your offer; the down payment – a percentage of the cost of the home that you must pay when you go to settlement; and closing costs – the costs associated with processing the paperwork to buy a house.

With all the bad news about mortgage products and home foreclosures, how do I avoid making a big mistake when deciding which type of loan to select?

Once we meet and review your finances along with your home buying needs, you should select a lending consultant.  I can recommend several trusted lending professionals or you can choose your own. Having upmost confidence in your lender is important. Be sure you feel completely at ease with them.  They should speak to you in easy to understand terms.  Ask lots of questions and never sign any document until you know what you are signing and feel completely at ease signing it. More and more lending professionals are recommending fixed interest rate loans and interest rates are still very attractive. Of course, the type of loan best for you depends on several factors. Here are just a few:

  • How much money do you have for a down payment?
  • How long do you plan to live in the home?
  • Do you qualify for a FHA or VA loan?


Let’s Get Started!

If you’re ready to schedule your home buying confidential consultation, please contact me at and I will review your needs and your budget to help you find the right neighborhood and home in Malibu or Los Angeles.


Comments are closed.