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My International Clients are very excited about purchasing homes (both $1-$3mil and Ultra High End) in Southern California right now. There are myriad reasons for this, but mostly it has to do with the current exchange rate (the Dollar is down), and the "Buyer's Market" dynamic we are seeing here in Los Angeles California.
Relocation Services
Prices have peaked and the supply of homes is around 10 months. In addition, interest rates are historically low at just under 6 per cent (March 2008 figures).
Right now, Sellers are very motivated. They are willing to consider offers below the market value for fear of losing more equity if their home lingers unsold too long. Don't miss this opportunity.
Home prices in California are expected to begin climbing again in late 2008 or early 2009.
Loan Requirements:(Intl. only)
30% downpayment.
Maximum loan is $1.5m.
No Social Security # is required.
Must open a U.S. bank account with the 30%.
Must have a Valid passport.
Stated income used.
F.I.C.O. score should be in the high 700's.
For my International "Qualified Buyers", I will arrange a pick up at LAX (Town Car and Driver) and then assist you in finding the perfect accommodations while we arrange your home tours. Plan to spend several days on home tours and writing offers. If you need to fly back home right away, we can handle the negotiations via fax and email.
See my Investment page for other ways to own property in Los Angeles,CA.
Please Contact Thomas Ray |
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