Orange County Property – Dos and Don’ts

Posted by: Nader Malek  :  Category: Orange County Appraisal, Orange County Property

Orange County is one of the most in demand places to live in. The weather is sunny most days of the year and the landscape of the place is just inspiring to behold. Orange County has been the Gold Coast of the state of California and people flock there to visit while some of those stay for good. The beach is just one of the main attractions of an Orange County property. There is also the dining places, shopping options and entertainment centers just to name a few. Your life will never be dull if you have an Orange County property to go to.

Orange County is also known as the hub for the rich and famous. It encompasses 34 of the state’s most upscale cities including Huntington Beach, Laguna Beach and Santa Ana. Now, before you browse the internet or call your real estate broker, you first have to know some dos and don’ts of buying an Orange County property.

Do take a stock of your finances and find out if you are financially capable of purchasing an Orange County property. Orange County is one of the country’s most upscale residences so the selling price here do not come cheap. However, if you can afford to purchase an Orange County property, it would be one of your best investments. You can do anything you want with it, expand it and renovate it all you want. Now, lacking in finances does not automatically mean you cannot live in Orange County. Do be open to the thought of renting. Renting can be a good option if you plan to save for your future home mortgage.

Do consider purchasing an Orange County property by means of a home loan. If you have a very respectable credit history, you will be able to obtain minimal interest rate from banks and other lending firms. Also, you should always hire an accredited broker and a licensed Orange County appraiser to do their job for you. This way, you will know the true value of your property and your documents will be taken cared of without so much of a fuss on your end. Do not deal with unlicensed brokers and appraisers because they might not know what their job entails.

If you are purchasing an Orange County property for investment purpose, do keep in mind the economy of the area where the property is situated. In Orange County, you can expect the property to increase in value, approximately 3-5% on an annual basis. As you can gather from this information, Orange County property is truly a sound investment, one you just cannot pass up if you have the opportunity to acquire.

Lastly, do not forget to get the advice and opinion from the experts before your actual property purchase. Get a property appraiser to assess the value of the property before making any offer. Hire also an inspector to check if the house is well built or if it needs any repair before you live in it. Always get a real estate lawyer to help you with the contracts you have to sign so you do not have to put a signature on a piece of paper that will be detrimental to your finances.

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