If you work with a licensed real estate agent, you should be fine. We have too many codes and regulations ( Endre mentioned some~agents must disclosure everything ++inspections+ title report+esrow= you work with the whole team of professionals!)
I usually start with initial consultation on the phone or skype to explain the whole process( no charge), if you have any questions about home~buying process, contact me at your earliest convenience.
Never the less the most important part of buying properties in the Greater Los Angeles area to Malibu is to have a Trusted Advisor. A good Realtor.
I work with a great many Foreign Nationals from Europe, Asia and Latin America. It takes patience to explain all the form. If you would like help. Please reach out to me directly.I am a Certified Relocation Specialist who represents buyers and sellers in the greater Los Angeles area from Beverly Hills to Malibu. I live in Marina Del Rey!
Prudential California Realty
Beverly Hills, CA 90212
Cormac and Wailani O'Herlihy
Sotheby's International Realty
There are many laws to protect the buyers, but be sure to have your home properly inspected, because conditions might exist that no one is aware of. If you need any help, feel free to contact me.
Brian Goldberg, CDPE
Broker Associate, RealtorÂ®
Coldwell Banker Malibu Colony
23676 Malibu Road
Malibu, CA 90265
P: (310) 403-4623
F: (310) 356-4901
CA DRE #01900604
There are three types of Agency; The Agent of Seller, The Agent of the Buyer, and a Dual agent who represents both. I recommend you get yourself a Buyer's Agent. You can sign a loyalty agreement and in that agreement you agree to have the Buyer Agent Represent you.
Typically, a Buyer's agent is paid from the offer Commission of the Seller. The Seller offers the Broker of a Buyer Agent Commission (think of it as a marketing fee). So you shouldn't have to pay your Buyer Broker unless the property is not on the multiple listing service advertised for sale.
a Trustee Sale is when a home is ready to go to foreclosure. You are going to have a lot more questions and they will only be answered piece meal here. By contacting a Buyer Agent in the area you are looking to buy you will get all your questions answered and then some.
I recommend you place a phone call instead of an email because like you, the agents get cheated too by people. Just stating the facts.
Have an amazing day.