Wednesday, 4 January 2012

The Truth About Real Estate In California

By Alex Johnson


Since you are here to read an article about real estate in California, I have some bad news for you. The general concepts that apply to real estate in general also apply to CA. Whether you are a seller or a buyer, the situation is mostly the same everywhere in the USA.

This isn't a case of me saying that all states are identical when it comes to the real estate market. Not at all. What I am telling you is that on a practical, real life basis, the steps you need to go through in order to buy or sell here are the same as anywhere else in the USA.

If you have already decided to move or live here, then any particular traits of Cali should make no difference to you, as you've already decided you're going to live here. If however you are still deciding whether you're even interested in living in this state, then my advice is to make that choice based on whether you are willing to pay the kinds of prices that are demanded here.

Really, it all comes down to the much higher prices. Even though many people are running away from CA due to the high costs of living, far more are still moving in. This has created a situation where the state can afford to over-regulate without driving away residents, and the real estate market can afford to keep raising prices.

What I'm trying to tell you, once again is to just decide whether you want to live in a state where you will get lower-level housing for higher prices. If you're willing to do that, then you should just let a local California Realtor deal with the rest. The truth is that the laws and regulations here are so complex and burdensome, it's almost impossible for a non-professional to even begin to understand them.

And as I said at the beginning, the actual process of finding a home in the sunshine state is the same as anywhere else. First you get the bank to guarantee what it can and can't do for you. Then you find a realtor, then you look around to see which neighborhoods you love the most, do a little negotiating with the home owners who's homes you liked the best, and that's that.




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