I would prefer anyone with financial advisor expertise to answer this. We lived in Central Cali, sold our house there and are buying a new one now in El Paso, Texas for cash and will have money left. In a year or so, I would like to move back to California, but to southern California, and would like to buy a halfway decent house there. I decided that I want to live somewhere that I can have a nice garden, mild weather, and be close to major attractions. What would be your advice for me on how to tackle this difficult task?
2006-06-15 06:05:19 · 7 answers · asked by trancegoddess2001 3 in Business & Finance ➔ Personal Finance
I also forgot to mention that I'd like to live within an hour of the beach.
2006-06-15 06:36:15 · update #1
I guess what I mean is, should I invest in some other properties first to help pay for a house we want to buy, wait for foreclosures, etc,.? Things like that. We will probably have about $300,000 to work with initially.
2006-06-20 16:47:50 · update #2
Homes in Riverside Ca are starting to level out. It's still affordable hear, and meets your criteria. By the way I am a loan officer if you need to get preapproved for a home loan, send me an e-mail.
2006-06-25 15:53:57 · answer #1 · answered by cafe_blue_note 3 · 0⤊ 0⤋
Nobody has a crystal ball, but my suggestion would be to rent for now, as houses are overpriced and prices are just starting to go down; they're expected do go further down next year (http://money.cnn.com/pf/features/lists/re_growth_forecast/, for Los Angeles). I would wait a year before moving here, by then there will be many foreclosure properties on sale, and with interest rates going up, if you are paying cash, you'll find pretty good deals.
2006-06-15 06:16:58 · answer #2 · answered by ItalianInSoCal 2 · 0⤊ 0⤋
Since I have no idea what your budget is, I can only offer you the following advice. Locate and contact a realtor in the area that meets your geographical criteria. My advice is to check out the big names first and search their websites for prices and types of homes available to get an idea. Then based on your budget, determine what you can comfortably afford and go with it. If you find that the homes that you like are out of your budget, then you will have to compromise on location. Good luck!!!
2006-06-15 06:11:24 · answer #3 · answered by Sugarbear 3 · 0⤊ 0⤋
Have plenty of money saved and a good secure job waiting for you when you get here. Unless you qualify for government assistance programs, then just go from **** job to **** job and pump out a half dozen kids and collect on everything they're willing to dish your way.
2006-06-28 07:54:44 · answer #4 · answered by jmsx711 1 · 0⤊ 1⤋
Have a GOOD job cuz it's way expensive !
2006-06-15 06:08:41 · answer #5 · answered by island3girl 6 · 0⤊ 0⤋
a good idea is to take me
2006-06-28 08:27:12 · answer #6 · answered by DIANE G 1 · 0⤊ 0⤋
take sun tan lotion
2006-06-28 06:56:27 · answer #7 · answered by mrs.smith 2 · 0⤊ 0⤋