What is the biggest misconception about Los Angeles real estate?

Asked by Trulia Los Angeles, Los Angeles, CA Wed Apr 3, 2013

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carlos parra…, Other Pro, Monrovia, CA
Wed Apr 3, 2013
Question is too broad. LA County? City of LA?
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SERGEY FEDNOV…, Agent, Beverly Hills, CA
Wed Apr 3, 2013
Common misconception from buyers: since I am buying - I have all options ( i am the king!)

I see a lot of first time buyers who wants to purchase property in LA at the entry level price for $100-350k. Expectation - just to point at the property and buy it. It is very hard for first time buyer to purchase property at that price as majorityof the properties in this price range will have some issues and multiple offers from investors and alike. There for it is very competitive market and as a buyer you must be ready and prepared to compete.
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