The basics for foreigners buying real estate in California

California has attracted foreign real estate investors for years. Buying property in California is a status symbol for many foreigners. Buying a real estate in a different country can be daunting. While this post will help you get started it’s not a substitute for the expert advice of attorneys, real estate agents, mortgage brokers, tax advisers and lawyers.The two basic points which foreign buyers need to remember are -

Intended Use of Property

This is the most fundamental question. You need to decide how you will use the property once you have bought it. Go through different case scenarios like, will it be a long term residence?  Are you going to use it for while on a business trip? Are you going to move in with your family? Is it just a vacation home which you intend to rent? Or is it simply an investment?

Real estate agencies like dream equities deal in all types of commercial, residential properties and land development. Based on your primary use for your property your real estate agent will be able to shortlist the best property that serves your purpose in short time.

 Hire a Local Real Estate Agency

You can hire a single real estate agent who works independently or a group of agents who work together. Although they are professionals they have limited resources at their disposal. But real estate agency like dream equities has many experienced personnel on payroll with unlimited resources at their disposal. Bigger agencies can provide you multiple services like mortgage broker, legal adviser, insurance agent and housing survey agent under one roof at a flat price.

If you are not fluent in English, or prefer speaking in your native language, choose agents who are conversant in your native language. Although you can get translated copies of standard real estate documents, it is more likely that you will have to sign the English documents at the time of closing deal. Bigger agencies like dream equities usually have proficiently multilingual staff.

These two important points form the foundation of your real estate quest in California. You can talk to different real estate consultants to learn about the way California real estate market works. I strongly recommend to hire a licenced and experienced real estate agency like dream equities that is based in California itself.