California is a great place and people are always looking for a hot sunny place to relocate. Some people just want sun while others do it to move during the winter months in colder areas like Canada or the far-east in the United States.
Whatever the case, you have to ensure you know exactly what to look for when shopping around for prime real-estate. Right now there are a handful of factor that will determine if you get your dream home in California.
Overall, California has been known to be very expensive however you have a few factors to think about which can reduce your price enormously.
Let’s get started.
You have downtown Los Angeles and just the outskirts which can be very expensive especially for those with a budget. Many celebrities have opted to live close by in LA so the prices of homes have gone up.
If you are thinking about buying a home them consider going 45min outside of Los Angeles as you’ll save enormous money. Statistics have shown you can save anywhere from 100K-150K off the price of your home just moving slightly out of LA downtown.
Type of Home
One thing I’ve noticed in Los Angeles is you have different types of home which will determine the ultimate price you pay. You have bungalows, mansions, estates and condo’s so you really need to know what you are looking for when shopping around for a home.
Start by determining your budget and then requirement so you’ll be able to narrow down your choices before going further. The last thing you want to do is arrive having something in mind and then figuring out it is too pricy and you don’t require a home that big or small.
To save a few extra bucks you have other options available then to go directly to a public listing. With public listings you have too many real estate agents involved which can knock the price even higher. I recommend approaching a seller directly and see if you can work something out.
This means you’ve eliminated the agent fee and only have to worry about the lawyer fee which is necessary to protect your purchase. In the end, the private seller may even cover lawyer fees just because you both avoided real-estate fees.