With a robust economy, excellent job opportunities, and great schools, California continues to be an attractive market for real estate investments. Indeed, it is one of the real estate markets that has been seeing rapid growth over the last few decades. In large part, this is because California houses many technology companies. So, if you want to buy a house in California, we will show you how you can save on real estate fees.
Currently, you can use services, such as Zillow or Redfin, to find properties to purchase. You can run through multiple listings and contact the property owner through these services. Your typical fee on a house purchase is 6%. Most likely, both the seller and the buyer pay the commission toward the selling agent and the buying agent. On a $1,000,000 house, this can be a fee of $60,000.
In contrast to the above services, companies like
In the future, most of the real estate processes that are being done manually today will be automated. Thus, fewer resources will be used for creating and maintaining documents. That in turn, translates to lower fees. At some point, automation might even cause transaction fees to go down to zero.
Additional Layer of Security
Blockchain technology ensures secure, transparent, and immutable transactions. That is why