Home Prices

Prices in Southern California are an order of magnitude higher than in Florida, but the standard of living and opportunities here are also superior to most U.S. states. So with a budget of less than $ 500,000 do not count on great options - the cost of a good home for 3-4 bedrooms in the elite areas of the City of Angels starts at $ 3 million.

Ultra-modern housing will cost a tidy sum of not less than $ 5 million, and in possession of more impressive sums, there's a chance to own a luxury home in Los Angeles, where the choice is very great, as well as the price range. Buy real estate in california

Housing stock

Detached homes are prevalent in California, many with their lots. Downtown San Diego, Los Angeles, and San Francisco also have high-rise buildings, but they are less common than in New York City. New buildings today are most attractive to buyers, although California has many older homes that have historical value and are well sought after.

Tips when buying

In California, finding the type of homes to avoid is difficult. Every time you buy a property, a thorough home inspection is conducted - an experienced professional is hired to check for all the nuances and necessary compliance.

In particular, homes on hilly terrain need a more thorough inspection, and homes on the front line near the ocean (such as those in Malibu) should also be checked for corrosion and load-bearing piles. It is important to avoid especially older properties (those with no historical value), where there may be hidden problems that even experts only sometimes detect immediately upon inspection.

It is also important to pay attention to the value of the property and its compliance with the market averages, for example, to avoid potentially problematic homes sold for a low price.

Right now, the U.S. market is going through a price correction, and California is just entering this part of the cycle - March 2022 was the first month since 2012 when a price decline was recorded. So buyers now have a good opportunity to bargain with home sellers. It's also worth noting that unclean title stories in the U.S. are rare because of title insurance in the country. It is customary that the title is insured by the seller at the time of the purchase and sale, although it is not required.