FAQ

As of February 2025, the median home price in Corona, California, stands at approximately $760,877. Recent listings for 5-bedroom, 3-bathroom homes, typically encompassing around 2,935 square feet, indicate a price range of approximately $850,000 to $900,000. For example, I have conducted seven open houses at 573 Hillsborough Way, which features 5 bedrooms and 3 bathrooms within 2,935 square feet.

This property was initially listed at $920,000 but has been reduced by $30,000 to $890,000, aligning it with current market conditions. This adjustment has resulted in increased interest, and the house is now in escrow. In addition, neighboring properties with similar characteristics are valued between $854,224 and $923,230. These statistics suggest that homes priced appropriately tend to sell more quickly.

FAQ

Frequently Asked Questions

Am I Ready to Be a Homeowner?

For many first-time homebuyers, the decision to make that dream come true revolves around life events like marriage, childbirth and career moves. For others, it might just be that desire to stop paying rent. Home equity sure sounds nice about now, right?

Is Renting or Buying Better?

“It’s really important to understand that the cost of homeownership isn’t limited to principal and interest payments,” Borrowers also need to factor in state and local taxes, homeowner’s insurance, utilities, cable/satellite, homeowner association fees and maintenance.

In addition, there are other upfront costs you may have to pay monthly. It’s important to take the proper steps to outline all these costs and budget accordingly.

What Is the Lender's Formula?

This needs to come from the lender you are planning on working with.

What Do I Look for in Homes?

Your Family Size requirements and Curb Appeal

Do I Need a Home Warranty?

Yes, it covers the Major Appliance such as the AC unit, etc.

What Should I Expect at Closing?

Signing all the documents required by the Escrow Company and wire transfer all monies required to close the transaction. When completed and closed you will be given you keys!

What Is Pre-approval?

Lenders provide a letter stating how much home you can purchase base on your credit. We suggest you get one prior to looking for a home.

Am I Ready to Rent?

It depends on your financial situation

What Should I Offer?

Hire one of Our Associate as your Agent to assist you with a CMA Report of the Existing Market and Home sales in the area.

Can I Ask You for Advice?

Yes, but keep in mind we do not give legal advice.

Down payment Assistance Resource: Let's Find You Together The Place You Deserve

California Home Realty provides first-time homebuyers with access to down payment assistance resources to help make the process of buying a home more affordable. The company partners with various local, state and national programs to offer financial assistance to eligible buyers. These programs offer a variety of options, including grants, low-interest loans, and tax credits.