This is Harbour Vista - a great community pretty close to the beach. Somewhere between 180-200 units, built in 1980, single car garages, washer/dryer hookups inside the units, lots of streams, bridges, ponds, etc. No age restrictions as it's not a senior (55+) community.
Step one is get pre-qualified with a direct lender. In our current lending environment one must know how much they can buy (lender standards - not our own) unless you're an all cash buyer. Write or call me if you want local representation - no charge.
Are you insinuating that we 50-ish people are old? or too young to buy a house? I don't think you will have any trouble buying a home because you are so YOUNG :).
As others have said....you are fine. Actually, first time home buyers are anyone who has not owned and occupied a home in the last 3 years. So it doesn't even need to be your first home purchase ever!
Would love to help you start looking....shoot me an email or check out my website if you haven't found an agent you like yet!
Welcome to home ownership. The wonderful thing in our country is NO ONE can discriminate against you due to your age. And anyway, you are young ! ! ! 50 is the New 30.
The great news is now is an excellent time to be a 1st time homebuyer. The government is giving you incentives. The interest rates are at all time historical lows. Housing prices are at their lowest in years (especially when compared to average income) and home affordability is approx 60%. This means approx 60 percent of the people living in California can now actually AFFORD to buy a home. They do not have to get crazy loans or lie about their income to be able to buy.
Start by speaking with a reputable lender. Find out how much home you qualify for. Then look at your discretionary spending and make an adjustment for those things that you don't want to do without (personal trainer, vacations, education costs, etc). Remember, when the lender qualifies you for the loan they are only looking at your debt and your income. They are not looking at your lifestyle. Make sure you factor that in so you will be comfortable in your new home and not house poor. If you need a referral or two to a good lender in Orange County, fell free to contact me. Happy house hunting and Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty
... my mother is a real estate investor I WONT TELL YOU HER AGE she buys and sells !
As long as you can qualify for a loan you have no problems, Contact a local mortgage broker
Owning real estate you receive annual tax benefits! Interest rates are low, great time purchase.