Connect with us
Apply Now

Real Estate

Sarah Chung on Why Now Is the Best Time to Buy a Property in Los Angeles

Los Angeles, often considered one of the most expensive cities in the United States, is known for its high cost of living. With the average rental prices being incredibly high, it can be challenging for many residents to afford to live in the city, let alone save up for a down payment on a home. This has led to many residents giving up on their dream of owning a home. However, recent market trends suggest that now may be the best time for residents or renters to consider buying a home.


With the inventory of homes in Los Angeles increasing, we are quickly seeing a shift toward a true buyer’s market. This means that buyers are now able to find properties that meet all of their requirements, without having to settle for less. This is great news for first-time home buyers, as it gives them more options to choose from and a better chance of finding the perfect home. The increase in inventory also means that buyers have more time to make a decision and can take their time to weigh their options before making a purchase. In addition, it provides an opportunity for buyers to negotiate better prices for the property since the market is in their favor. Furthermore, it is also beneficial for sellers as it allows them to reach a larger pool of potential buyers, leading to a higher chance of selling the property at a fair market value. Despite the current high-interest rates, it can still be advantageous for buyers to purchase now in Los Angeles, as competition among buyers is not as fierce. “The recent economic slowdown and tech company layoffs, as well as the trend of people moving out of the city, may have lessened the demand for housing. However, once interest rates drop again in the future, the market is expected to heat up, with more buyers entering the market and driving up prices. By purchasing now at a potentially lower price, buyers can take advantage of the current market conditions and potentially refinance when rates become more favorable in the future.” Sarah mentions.


According to Sarah Chung, a real estate agent based in Los Angeles, having completed over 300 transactions and selling over $325M of real estate “Rent prices in Los Angeles are becoming increasingly unaffordable for many residents, leading them to consider buying a home instead. With a buyer’s market and a wide range of properties available, now is the perfect time for first-time home buyers to take advantage of the opportunity to find their dream home.”


Sarah’s approach to selling, buying, and leasing set her apart from other agents. Her focus is on serving her clients and making the experience worthwhile, not just about the house, finances, or sales. She understands that buying or selling a property can be a stressful process, and her main goal is to make it as smooth and enjoyable as possible for her clients. Sarah takes the time to understand her client’s needs and preferences and works closely with them to find the perfect property that meets all their requirements. She also provides her clients with the necessary information and tools to help them make informed decisions throughout the process.


Her skills and qualifications as a licensed broker also give her an upper hand. She’s able to properly check files that other agents might have trouble with, ensuring that everything is in order and compliant. Her broker’s license also allows her to offer her clients a broader range of services, such as property management, and access to a larger pool of properties. Additionally, her extensive knowledge of the Los Angeles market, and her ability to navigate the complicated network of mortgage rates, tax laws, and other factors that can make buying or selling a home difficult, sets her apart from other agents.


As Sarah continues to build her brand, she plans to help even more buyers and sellers in the Los Angeles market and make the process of buying a home more enjoyable. With her expertise and commitment to her clients, Sarah is breaking down the home-buying process for first-time home buyers, walking with them every step of the journey.


Continue Reading

Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.

Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.