The real estate market in Los Angeles has significantly changed since the housing bubble burst in 2007. With historically low interest rates and the expectation of good housing deals, everyone seems eager to purchase a piece of real estate. However, it has rapidly become a competitive industry, with first-time homebuyers competing with a large number of cash investors.
Because of this, prospective buyers need to carefully think about their decision to purchase their first piece of property. Besides being emotionally and mentally prepared for the search, here are 5 must-haves of first-time homebuyers.