{"id":5272,"date":"2023-05-05T06:41:46","date_gmt":"2023-05-05T06:41:46","guid":{"rendered":"https:\/\/alturasrealty.com\/?p=5272"},"modified":"2023-08-14T10:22:33","modified_gmt":"2023-08-14T10:22:33","slug":"buying-real-estate-your-ultimate-alhambra-guide","status":"publish","type":"post","link":"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/","title":{"rendered":"What to Know Before Buying Real Estate? Your Ultimate Alhambra Guide 2023"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">If you&#8217;re planning on purchasing <a href=\"https:\/\/alturasrealty.com\/alhambra\/\">real estate in Alhambra<\/a> this year, consider several important factors before making any decisions.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This ultimate Alhambra guide aims to provide you with a comprehensive understanding of what you need to know before buying real estate in Alhambra in 2023, including the pre-approval process for mortgages, the complexities of property regulations, and the escrow process.&nbsp;<\/span><\/p>\n\n\n\n<figure class=\"wp-block-video\"><video controls src=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate-Your-Ultimate-Alhambra-Guide-2023-.mp4\"><\/video><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_55 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-662dd5360bd3d\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-662dd5360bd3d\"  type=\"checkbox\" id=\"item-662dd5360bd3d\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#What_a_Buyer_Must_Know_Before_Buying_Real_Estate_in_Alhambra_2023\" title=\"What a Buyer Must Know Before Buying Real Estate in Alhambra 2023?\">What a Buyer Must Know Before Buying Real Estate in Alhambra 2023?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#The_Real_Estate_Market_of_Alhambra_is_Competitive\" title=\"The Real Estate Market of Alhambra is Competitive\">The Real Estate Market of Alhambra is Competitive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Pre-approval_for_Mortgage_Doesn%E2%80%99t_Means_You%E2%80%99ll_Surely_Get_the_Amount\" title=\"Pre-approval for Mortgage Doesn&#8217;t Means You&#8217;ll Surely Get the Amount\">Pre-approval for Mortgage Doesn&#8217;t Means You&#8217;ll Surely Get the Amount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#You_Might_be_Dealing_with_your_Own_Real_Estate_Agent_as_a_Sellers%E2%80%99_Agent\" title=\"You Might be Dealing with your Own Real Estate Agent as a Sellers&#8217; Agent\">You Might be Dealing with your Own Real Estate Agent as a Sellers&#8217; Agent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Complex_Rules_and_Regulations_for_Real_Estate_Dealings\" title=\"Complex Rules and Regulations for Real Estate Dealings\">Complex Rules and Regulations for Real Estate Dealings<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Environmental_Regulations\" title=\"Environmental Regulations:\">Environmental Regulations:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Zoning_Rules\" title=\"Zoning Rules: \">Zoning Rules: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Property_Tax_Laws\" title=\"Property Tax Laws:\">Property Tax Laws:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Homeowner_Association_Federation_Rules\" title=\"Homeowner Association Federation Rules: \">Homeowner Association Federation Rules: <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Closing_the_Escrow_can_be_Neither_Fast_Nor_Simple\" title=\"Closing the Escrow can be Neither Fast Nor Simple\">Closing the Escrow can be Neither Fast Nor Simple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Your_Estimated_Budget_for_Buying_a_Home_is_Surely_Going_to_Increase\" title=\"Your Estimated Budget for Buying a Home is Surely Going to Increase\">Your Estimated Budget for Buying a Home is Surely Going to Increase<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Inspection_Cost\" title=\"Inspection Cost:\">Inspection Cost:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Closing_Costs\" title=\"Closing Costs:\">Closing Costs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Home_Insurance\" title=\"Home Insurance: \">Home Insurance: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Homeowners_Association_Fees\" title=\"Homeowners Association Fees:\">Homeowners Association Fees:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Repairs_Maintenances_and_Replacements\" title=\"Repairs, Maintenances, and Replacements:\">Repairs, Maintenances, and Replacements:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions&nbsp;\">Frequently Asked Questions&nbsp;<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#How_long_does_it_take_to_buy_a_home_in_Alhambra\" title=\"How long does it take to buy a home in Alhambra?\">How long does it take to buy a home in Alhambra?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#How_can_I_find_my_potential_home_in_Alhambra_to_buy\" title=\"How can I find my potential home in Alhambra to buy?\">How can I find my potential home in Alhambra to buy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#What_are_the_legal_documents_needed_to_buy_a_home_in_Alhambra\" title=\"What are the legal documents needed to buy a home in Alhambra?\">What are the legal documents needed to buy a home in Alhambra?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/alturasrealty.com\/buying-real-estate-your-ultimate-alhambra-guide\/#Final_Thoughts\" title=\"Final Thoughts\">Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_a_Buyer_Must_Know_Before_Buying_Real_Estate_in_Alhambra_2023\"><\/span><span style=\"font-weight: 400;\">What a Buyer Must Know Before Buying Real Estate in Alhambra 2023?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">So, let\u2019s dig in to help you navigate the real estate industry and make informed investment decisions.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Real_Estate_Market_of_Alhambra_is_Competitive\"><\/span><span style=\"font-weight: 400;\">The Real Estate Market of Alhambra is Competitive<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Over the last decade, the real estate industry of Alhambra has drastically increased its worth and has become a quite competitive and advanced market in the US.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">So, whether you are considering Alhambra as your residential location in the future or planning for investment, it is a great place to live and earn profit.\u00a0<\/span><\/p>\n\n\n\n<p>Related: <a href=\"https:\/\/alturasrealty.com\/pros-and-cons-of-living-in-alhambra\/\">Pros and Cons of Living in Alhambra<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pre-approval_for_Mortgage_Doesn%E2%80%99t_Means_You%E2%80%99ll_Surely_Get_the_Amount\"><\/span><span style=\"font-weight: 400;\">Pre-approval for Mortgage Doesn&#8217;t Means You&#8217;ll Surely Get the Amount<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-3-1024x576.png\" alt=\"What to Know Before Buying Real Estate - Your Ultimate Alhambra Guide 2023\" class=\"wp-image-5294\" title=\"\" srcset=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-3-1024x576.png 1024w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-3-300x169.png 300w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-3-768x432.png 768w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-3.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">Getting pre-approval for a mortgage scheme doesn\u2019t guarantee that you\u2019ll get the loan money. It is just a basic step of the home buying process in which the lender will receive <\/span><span style=\"font-weight: 400;\">your loan request, review and examine your financial status and determine whether you are eligible for the loan program.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Having a pre-approval certificate will help you know how much money you\u2019ll get from the lender so you can look for a home in that budget, but it doesn\u2019t guarantee you will receive the loan money.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"You_Might_be_Dealing_with_your_Own_Real_Estate_Agent_as_a_Sellers%E2%80%99_Agent\"><\/span><span style=\"font-weight: 400;\">You Might be Dealing with your Own Real Estate Agent as a Sellers&#8217; Agent<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Referred to as a dual agency, a real estate agent can work as both a buyer and the seller\u2019s agent.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">However, it commonly happens when a buyer is interested in a property of a listing by the same real estate agent. And certain conflicts come with the dual agency services of real estate agents.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For instance, compromising on the negotiations of the house to have high commission rates, not performing the legal documentation of the transaction and property, or having a personal interest in the transaction instead of being honest and responsible.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Therefore, there are strict rules for dual agency agents, like both the buying and selling parties should sign informed and written consent about the dual services of the agent.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">If any dispute occurs during the transaction, the agent must stop acting as a dual agent immediately and represent one party only.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">So, before processing with a real estate agent, do not forget to ask them about their dual agency services.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">And if you are proceeding with one, ensure you have all the documents, material, information, and disclosures about the deal.\u00a0<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Complex_Rules_and_Regulations_for_Real_Estate_Dealings\"><\/span><span style=\"font-weight: 400;\">Complex Rules and Regulations for Real Estate Dealings<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-5.png\" alt=\"What to Know Before Buying Real Estate - Your Ultimate Alhambra Guide 2023\" class=\"wp-image-5296\" title=\"\" srcset=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-5.png 1280w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-5-300x169.png 300w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-5-1024x576.png 1024w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-5-768x432.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">Various state, city, and location-based rules and regulations govern the real estate industry of Alhambra.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">However, an experienced and licensed<a href=\"https:\/\/alturasrealty.com\/agents\/\"> real estate agent<\/a> will make the process simple, quick, and smooth for you.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Here are a few rules of Alhambra\u2019s property market that a potential buyer must know. Let\u2019s have a quick look at them:<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Environmental_Regulations\"><\/span><b>Environmental Regulations:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">California has strong rules and regulations regarding environmental conditions and natural disasters. So, in such locations of Alhambra where extreme climate is suspected, buyers may be subjected to additional rules.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Zoning_Rules\"><\/span><b>Zoning Rules: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">Zoning rules are designed for better land management by the government. They are based on the city\u2019s zoning codes and have different rules and regulations.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Property_Tax_Laws\"><\/span><b>Property Tax Laws:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">The property tax is based on the overall value of the house you are buying and several other factors, along with an annual increment as the property&#8217;s value also increases.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Homeowner_Association_Federation_Rules\"><\/span><span style=\"font-weight: 400;\"><strong>Homeowner Association Federation Rules:<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">Most of the properties of Alhambra are subjected to Homeowner Association Federation (HAF) rules regarding the home exterior, parking area, noise levels, and other modifications.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Therefore, before issuing an offer letter to the seller, make sure that you have gone through all the rules and regulations of the properties of a particular location.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Otherwise, you might end up getting trapped in the complex legalities of the Alhambra real estate industry.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Closing_the_Escrow_can_be_Neither_Fast_Nor_Simple\"><\/span><span style=\"font-weight: 400;\">Closing the Escrow can be Neither Fast Nor Simple<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Escrow refers to the third-party agent that holds the amount from buyers for the seller until all the potential property&#8217;s formalities and documentation are completed.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">These formalities may refer to the transfer of title, inspections, necessary repairs, and closure of the deal.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The escrow deal is a significant step toward protecting the rights of both buying and selling parties.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">However, it can become prolonged and complicated if any dispute occurs between the two parties, if there is any abnormality in the legal paperwork of the property, if any disturbance happens from the mortgage lenders due to the administration work.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Related:&nbsp; <a href=\"https:\/\/alturasrealty.com\/preparing-your-home-for-sale\/\">How to Prepare Home for Sale<\/a><\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Your_Estimated_Budget_for_Buying_a_Home_is_Surely_Going_to_Increase\"><\/span>Your Estimated Budget for Buying a Home is Surely Going to Increase<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-2-1024x576.png\" alt=\"What to Know Before Buying Real Estate - Your Ultimate Alhambra Guide 2023\" class=\"wp-image-5293\" title=\"\" srcset=\"https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-2-1024x576.png 1024w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-2-300x169.png 300w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-2-768x432.png 768w, https:\/\/alturasrealty.com\/wp-content\/uploads\/2023\/05\/What-to-Know-Before-Buying-Real-Estate_-Your-Ultimate-Alhambra-Guide-2023-2.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">You might have heard that the down payment is the biggest financial aspect of your home-buying process. However, there are many other small expenses that will super make you go out of your budget.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Inspection_Cost\"><\/span><b>Inspection Cost:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">Before the closure of the deal and paperwork, you will have a thorough home inspection and value estimated session in which the professionals will examine the potential home and estimate its worth depending on its structural, ceilings, roof, HVAC, and other aspects.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Closing_Costs\"><\/span><b>Closing Costs:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">The closing costs are around 2% to 5% of the total home\u2019s price. These fees are associated with the deal&#8217;s closure, including the cost of home appraisal, loan origination, and title insurance.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Home_Insurance\"><\/span><b>Home Insurance: <\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">Home insurance is necessary for all newly-bought properties to protect against fire, emergency repairs, accidents, and natural disasters. The insurance fees vary and depend on the home&#8217;s type, size, and location.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Homeowners_Association_Fees\"><\/span><b>Homeowners Association Fees:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">If your home is a part of the Homeowner Association Federation, you must pay the fees for basic maintenance and services to the association monthly or annually.&nbsp;<\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Repairs_Maintenances_and_Replacements\"><\/span><b>Repairs, Maintenances, and Replacements:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><span style=\"font-weight: 400;\">After moving into your new home, you will be needed to hundreds of small or major repairs, maintenance, and replacements for your basic systems like HVAC, drainage system, sewage system, heating system, lightening, paint, cleaning and maintenance of yards, and replacement of door, windows, cupboards, and cabinets.\u00a0<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><span style=\"font-weight: 400;\">Frequently Asked Questions&nbsp;<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_long_does_it_take_to_buy_a_home_in_Alhambra\"><\/span><b>How long does it take to buy a home in Alhambra?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/alturasrealty.com\/how-to-buy-a-home-in-alhambra\/\">Buying a home in Alhambra<\/a> can take around 5 to 6 months to close the deal. In this period, getting approved for the loan by the lender will take one month, three months to find the home of your dreams, and 3 to 4 months for rate and conditions negotiations, inspection, appraisal, documentation, small repairs, and then closure of the deal.\u00a0<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_can_I_find_my_potential_home_in_Alhambra_to_buy\"><\/span><b>How can I find my potential home in Alhambra to buy?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">In order to find your dream home in Alhambra, you can go for the referrals of your friend and family. Additionally, finding houses in online listings, driving into your favorite neighborhood, looking for \u201cSale\u201d signboards, and attending open houses and staging sessions can work.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_legal_documents_needed_to_buy_a_home_in_Alhambra\"><\/span><b>What are the legal documents needed to buy a home in Alhambra?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">To buy a home in Alhambra, you should have the following documents: proof of income, a government-issued identification card, a credit report, bank statements, tax returns, a credit score report, a loan application, a purchase agreement, a property appraisal document, title report, escrow papers, and insurance.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Buying a home in Alhambra\u2019s highly-saturated and complex <a href=\"https:\/\/alturasrealty.com\/\">real estate market<\/a> is not easy. However, by following the right path and working with the right real estate agent, you can not only make your home-buying process effortless but profitable.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re planning on purchasing real estate in Alhambra this year, consider several important factors before making any decisions.&nbsp; This ultimate Alhambra guide aims to provide you with a comprehensive understanding of what you need to know before buying real estate in Alhambra in 2023, including the pre-approval process for mortgages, the complexities of property [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/posts\/5272"}],"collection":[{"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/comments?post=5272"}],"version-history":[{"count":10,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/posts\/5272\/revisions"}],"predecessor-version":[{"id":6184,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/posts\/5272\/revisions\/6184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/media\/5292"}],"wp:attachment":[{"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/media?parent=5272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/categories?post=5272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alturasrealty.com\/wp-json\/wp\/v2\/tags?post=5272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}