Message to Foreign Investors
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Your
inquiries are welcome! Foreign ownership of land in the Antelope Valley
is already very common! |
The Antelope Valley is conveniently located to many major attractions in the Southern California area. It is only 3 hours by car to the Mexican Border. |
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You need NOT be a U.S. Citizen or resident to buy California Land. |
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If
you already have a real estate broker in your own country that you want
to use, he can represent you. Commission split with your broker will
be 50/50. |
Jim Patton is a licensed real estate broker by the State of California, NOT a land dealer. See FYI, item #8 for further information. |
"All cash" purchases would be easier, but on most properties, terms are available. See section Entitled, "First Time & Small Investors". |
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Jim Patton is a licensed real estate broker by the State of California, NOT a land dealer. See FYI, item #8 for further information. |
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Monthly
or quarterly payments by personal check are OK but must be denominated
in US Dollars. |
In California, property taxes are 1% of assessed value (usually the purchase price) per year. Example: A property purchased at $100,000 would have annual taxes of approximatly $1,000. |
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To
own land in California, all one need do is to meet his/her payment schedule
to the seller and make their annual property tax payments. Land ownership
has no management "headaches". |
Failure to make payments to the seller, or failure to pay annual property taxes, could lead to the investor losing their property through a foreclosure action. |
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California Escrow Law will protect the security of the buyer's funds while waiting for the transaction to close. Please see the section titled "FYI". |