Located roughly 30 miles west of downtown Los Angeles, Malibu Beach is a sanctuary for many celebrities and entertainment icons. Renowned for its relaxed atmosphere and picturesque beachside beauty, this seaside community is a booming real estate market that appeals to residents of all ages. If you are considering buying a home in Malibu Beach, you must plan ahead. Homes in the area sell fast, so coming prepared can help you secure the house of your dreams. Here are some key tips for buying a home in this highly sought-after real estate market.
1. Decide what Home Styles and Amenities You Desire
Before you start house hunting, list the features and amenities you desire. Your lifestyle plays a huge role in this. For instance, a single-family chalet or ranch-style home could be the perfect fit if you have kids.
If you are a young person, a high-rise apartment at the epicenter of the downtown area is also a nice idea. Likewise, determine if you want to do upgrades or renovations or want a house you can move in immediately. With all these things at hand, you and your agent can narrow your options and move quickly.
2. Choose the Right Location
Malibu Beach is a huge community with numerous neighborhoods. If you are moving to Malibu from another section of California or another state, familiarize yourself with the various neighborhoods.
The beach communities, such as Zuma Beach and La Costa Beach, have a different feel and look from the homes near the Santa Monica Mountains recreational area. You should also select an area that suits your needs, in terms of commute, proximity to schools, and entertainment.
3. Make Your First Offer the Best
The increasing number of people moving to Malibu Beach means a higher demand for housing. When buying a home, you should distinguish yourself from the competition by making your initial offer the best. You can do this by bidding above the asking price, personalizing your offer, obtaining loan pre-approval, or making a no-contingency offer.
4. Consider Making a Cash Offer
Besides making your first offer the best, buying cash is another way to ensure you secure your desired property. For home sellers, a cash buyer displays strong purchasing power and intent to close on a home.
Unlike a mortgage, with cash offers, sellers do not have to worry about financing falling through or issues with a lender. Cash offers are also faster, as you spend less time on paperwork and the appraisal process.
5. Do Not Get Discouraged
If you make an offer and do not obtain the home you desire, it is natural to become discouraged. However, you need not worry as the Malibu Beach real estate market moves quickly. If you do not secure the first property you put an offer on, know that there will soon be more stunning homes in your desired neighborhood.
If you plan, develop an understanding of the different Malibu communities, and make your initial offer the strongest, you will be in a great position to land your dream home.
Contact Expert Malibu Beach Realtors at The Malibu Life
There is no better way to ensure a successful home-buying experience in Malibu Beach than to work with a local expert. The team of real estate agents at The Malibu Life has assisted thousands of Malibu Beach homeowners in buying a home. The knowledgeable realtors have a unique understanding of the local real estate market and what it takes to identify and purchase the exact home you want. Reach out today to get started on your journey to homeownership.