Buying a house in the USA for some people is the realization of the American dream, and for others it is one of the most important events in immigrant life.
No matter how much they talk about how much more freedom renting gives, having their own corner does not embarrass Americans: they sell one house and buy another.
Purchase of real estate in the USA, especially in celebrity destination Hollywood, provides a great opportunity to save your budget and obtain sound passive income.
Apartments for sale in Hollywood are among the most profitable investments for foreigners. In this article we will discuss the main points of real estate purchase in Hollywood.
Who can buy real estate in Hollywood?
Not only the citizens of the United States have the right to purchase properties in Hollywood.
Residents with the citizenship of other countries have this opportunity as well.
To do so, you need to have the amount of money relevant to the chosen home, or you can take out a mortgage on very attractive terms.
It is important to know that mortgage on real estate purchase is available for foreigners.
However, there are special conditions. For many investors it is very profitable and convenient, so many transactions are made with the involvement of mortgage funds.
If you plan to buy on credit, you must first contact the lending institution and get official confirmation of the terms of the loan.
Only after this step, you can proceed to the selection of a suitable object.
How to choose real estate in Hollywood?
The choice of properties in Hollywood depends on many factors. Some of them are purely individual and even specific.
The most common questions to ask yourself when selecting a housing unit are the following:
- The purpose of buying
- Permanent residency. You are planning to move to the United States and want to purchase a home for yourself and your family.
- Vacation. You and your family like to vacation in the U.S. and use your home as a summer residence.
- Housing for your children who are attending college or university.
- Business Residence. You come to the U.S. regularly for work and are tired of hotels.
- The location of real estate
Hollywood stretches on almost 80 km on the northwest of downtown of Los Angeles, in the state of California.
The proximity to the most famous tourist destinations and important infrastructure crucially influences the prices and quality of apartments.
Two apartments of the same footage located in different parts of the district may differ in price significantly.
To make the rational decision, explore the relevant information about every corner of Hollywood and compare the quality of apartments and their prices.
How to find a professional real estate agent?
According to the USA legislation, it is impossible to make a real estate transaction without the presence of a real estate agent.
The specialist in the industry accompanies a buyer and a seller through all stages of a deal.
For this reason, it is necessary to dedicate much time and effort to the search of a trusted realtor.
Looking for help, it is advisable to implement the following criteria:
- Check the license and check if they are members of the US National Association of Realtors
- Check whether the realtor is certified to work with foreign clients (Certified International Property Specialist)
- Check the level of language of the realtor
- Make sure that the realtor equally considers the interests of both the buyer and the seller.
Florida.Realestate provides a wide selection of spacious apartments from reliable real estate agencies with significant experience.
Offering topical housing units at reasonable prices, the website helps to select the suitable variant to meet needs and desires of a buyer.
The bottom line
Hollywood in Los Angeles, the USA is not only the collection of celebrities of cinema and art, but a center of profitable real estate.
Perfect climate, convenient location, abundance of attractions, good career opportunities, and outstanding housing units are the top convincing reasons to make a long-term investment in the district.
Luciana joined our team as a mum blogger in 2020. A dedicated mum to a lively daughter and a dog, Luna, Luciana brings authenticity and passion to every post. Her expertise in parenting and lifestyle topics offers practical, relatable advice for real-life situations.