Prices in Southern California are higher than the Mid West and South for the most part. Los Angeles County typically has higher values for many reasons. One, the climate is ideal all year 'round. Two, the views of the mountains and ocean are priceless, and three, our property taxes are based on the purchase price of your home.....@1.25 % of your purchase price goes for property taxes annually. So, if you purchase a home for $750,000.00 X 1.25%, tax is $9375.00 annually or monthly = $781.25! Your lender should add this figure to your monthly mortgage payment so you have the "whole" picture.
Then add your home insurance which varies considerably according to what you want in coverage...in a condo where you insure only the interior (furnishings, wall coverings, window coverings, personal effects) you may pay as little at $60.00 monthly and for a single family residence ....more!
Heating and airconditioning costs are lower in our SOCAL climate....and our Junior College sysytem is affordable. .....Makes you want to own a bit of the Earth right here!
Call or email for additional information regarding these properties or selling your property. I am an expert on exhanges, investments, probates, bank owned, commercial, multi-family units, and land. 388 South Lake Avenue, Pasadena, CA 91101 Call: 626 8275151