California residents who want a balance of affordable housing and proximity to large cities may prefer to live in the exurbs. However, those who are looking to buy properties in the exurbs may want to consider that home prices tend to be more volatile in those areas. This is because they were often the most impacted by the Great Recession, and home prices are only starting to get back to where they were before it occurred.
California real estate investors know the importance of doing due diligence before purchasing a property. One issue that may have a significant impact on the long-term value of a property is climate change. Climate and weather issues can trigger incidents that damage property and communities.
When a California homeowner has financial problems, they may find it difficult to make mortgage payments. In some cases, a cash-strapped homeowner may decide to sell their home as a way of getting out from under oppressive debt. This option could work; however, there are conditions under which it may not be possible.
California residential real estate can be valuable, and many people may look to get a great deal by purchasing a short-sale property. Of course, short sales are less prevalent than they were a decade ago. From 2008 to 2012, the peak years of the financial crisis, they were a relatively common option. However, there are still a number of homeowners who opt for a short sale as a way out. In these cases, the mortgage lender agrees to accept a payoff amount less than the full amount owed in exchange for a quick sale of the property to a financially stable buyer.
For many California small businesses, the issue of compliance with the Americans with Disabilities Act is tricky. For some small operations, ensuring that a facility or a website is accessible can be a stressful and costly venture. However, failure to meet certain ADA standards can expose your business to the possibility of fines and lawsuits.