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					Title:
California Real Estate

Word Count:
499

Summary:
The process for purchasing a home in California is different from the
procedures that are used in other states. Unlike the East Coast,
attorneys are not used to complete the sale of real estate. Instead, an
escrow is used.


Keywords:
real estate, california real estate


Article Body:
The process for purchasing a home in California is different from the
procedures that are used in other states. Unlike the East Coast,
attorneys are not used to complete the sale of real estate. Instead, an
escrow is used. Once you have located a home you want to buy, you will
begin hearing people talk about the escrow. In California, there are no
closing meetings. It is not common for sellers and buyers to meet each
other on a regular basis. If you want to buy a home in California, you
will want to make sure you have a loan before you begin the process of
looking for a home.

All real estate agents in California must be licensed to buy or sell real
estate. Every agent you deal with should either have a Salespeople or
Brokers license. Brokers are allowed to receive payment for the sale of a
property, while salespersons must work under the broker. Multiple brokers
are allowed to work together, and are called sales agents. Sales agents
must answer to a Broker of Record, and this is the person who will
supervise them. There are three agencies that will be found in
California, and these are dual-agencies, buyer's agencies, and sub-
agencies.

Before you decide to get a loan or broker, you will first want to find
the right home in the best possible neighborhood. You will also want to
consult an agent to find out what type of home is best for your income
level. The agent will want to know what home you're interested in. You
should always be ready to buy a home when you visit the agent. If you are
truly ready, you will be given a better deal, because agents will often
have to deal with people who are just "looking," and are not commited to
making a purchase. Once the agent knows what type of home you want, they
will begin driving you around to show you the different homes that are
available.

The agent will not want to drive you around until after they've
interviewed you. As the buyer, you will want to make sure the agent is
experienced. When you deal with agents in California, they should put you
in the loan qualification process as soon as possible. By getting
approved for a loan, you will be placed in a powerful position where you
can negotiate. Once you have found the home you want, you will want to
make an offer to the agent. In California, the offer should always be
made in writing. The paper that it should be written on is named the
Deposit Receipt.

You will want to place all the information about your offer on the
Deposit Receipt. The agent will help by providing you a list of homes
that are much like the one you're interested in. When an offer is made,
it is also customary to write a check which is about 3% of the offer that
you are making for the home.

				
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