FAQ's
Frequently Asked Questions
Annually, we expertly match over 100,000 proactive individuals seeking expertise in finance, lending, and claims management with experienced advisors and brokers.
General questions
Is now a good time for first-time buyers in LA or Orange County?
Yes! As of Spring 2025, the Southern California market is shifting in favor of buyers. Inventory is up, homes are sitting longer, and both resale and new construction sellers are offering price cuts and incentives. First-time buyers now have more negotiating power than they've seen in years.
What mortgage rates and programs should first-time buyers expect in 2025?
Rates are hovering around 7%, but first-time buyers in California have access to programs like CalHFA, MyHome, LIPA, and MIPA. These can include down payment assistance of up to $35,000. Most programs require a minimum credit score (~660) and a homebuyer education certificate.
How should a first-time seller price their home in today’s market?
Price based on current comps—don’t overreach. “Aspirational pricing” doesn’t fly in today’s slower market. Be prepared for negotiations, potential price reductions, and possibly offering buyer concessions to stay competitive.
Are new-construction homes a good option right now?
Yes—builders are offering significant incentives, including price cuts, upgraded finishes, and closing cost assistance. Many are trying to move inventory fast, making this a great time for buyers who want a turnkey home without bidding wars.
Other questions
What contingencies should first-time buyers include in an offer?
Key ones include:
Inspection contingency (to uncover issues)
Appraisal contingency (in case value doesn’t match price)
Loan contingency (to protect financing)
Make sure your offer is reviewed by a knowledgeable agent who understands the California Residential Purchase Agreement.
What additional costs should buyers budget for beyond the down payment?
Expect to pay: 2–5% of the purchase price in closing costs
$500–$1,500 for inspection and appraisal
Homeowners insurance (can be higher in fire zones)
Escrow and title fees
Always ask your agent for a net sheet to break down the full financial picture.
What’s changing about buyer representation in California?
As of January 2025, California now requires written agreements that clearly explain buyer agent compensation. This transparency helps first-time buyers understand exactly what services they’re receiving and how their agent is being paid
What trends are shaping the LA/OC real estate market in 2025?
Homes are sitting longer and selling below list
Buyers want turnkey, move-in-ready homes
New construction incentives are strong
Sellers are offering concessions more often
Rates may ease in late 2025, unlocking more activity
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