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Beverly Hills luxury real estate | Erik Brown

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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
    • Beverly Hills
    • Beverly Park
    • Beverly Hills Flats
    • Bel Air
    • Brentwood
    • Birds Streets
    • Holmby Hills
    • Laurel Canyon
    • Malibu
    • Mount Olympus
    • Platinum Triangle
    • Pacific Palisades
    • Rolling Hills
    • Sunset Strip
    • Trousdale Estate
    • Wilshire Corridor
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
    • Condos
    • Celebrity
    • Swag
    • Blog
    • Mortgage Calculator
  • ABOUT
    • Erik Brown
    • Team
    • Success Stories
  • CONTACT US
Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
        • Bel Air
        • Brentwood
        • Holmby Hills
        • Malibu
        • Trousdale Estate
        • Sunset Strip
        • Beverly Hills
        • Beverly Park
        • Beverly Hills Flats
        • Birds Streets
        • Wilshire Corridor
        • Laurel Canyon
        • Mount Olympus
        • Platinum Triangle
        • Pacific Palisades
        • Rolling Hills
  • COMPASS TOOLS
    • Bridge Loan
    • Coming Soon
    • Private Exclusive
    • Concierge
  • GIFTS
    • Home Buyers
    • Home Sellers
    • VIP
    • Condos
    • Celebrity
    • Swag
    • Blog
    • Mortgage Calculator
  • ABOUT
    • Erik Brown
    • Team
    • Success Stories
  • CONTACT US

Beverly Hills luxury real estate Home Buyer Tips

By

Erik Brown

Posted in Video Blogs On March 26, 2021

Hidden Costs to Avoid in Beverly Hills luxury real estate.

I had a conversation with a colleague of mine last week in the office, and we were talking about a struggle that one of his clients had in regards to hidden costs. They hadn’t really walked through some of the things that can pop up when you purchase a home in Beverly Hills luxury real estate, and that’s something that we always do a powerful job of trying to educate our home buyers and home sellers to understand what type of costs are involved when you actually make a home purchase well there are several things.

That you’re going to want to think of because it is not just either the mortgage or the cash purchase, depending on how you’re looking at acquiring a property. There are additional costs: property taxes, homeowners insurance closing costs, and then even potential repairs that may pop up in the property taxes and vary state by state. Still, generally, they’re going to be a percent and a half of total property value, and that will be an annual expense that can be es-crowed as part of a mortgage but will still be an expense than the less.

So you want to factor it into your monthly outlay of expenses—Beverly Hills luxury real estate same thing as property insurance. You have to have property. Insurance in case of tornadoes, theft damage, hurricane anything that could destroy property or cause damage you want to have insurance on it, and that is an additional cost you’re also looking at closing costs. Which generally are a singular part of the transaction, but you’ll want to factor in such examples of items as appraisal title company charges recording fees processing or mortgage fees.

Those of you types of things will pop up over the course of a transaction, and last but not. At least every home is going to age. Beverly Hills luxury real estate, some things are just going to pop up capital improvements that will happen in maintenance that needs to be done in a property, anything from the roof to the furnace to the cosmetics of flooring or painting or windows and everything in between all of those costs come into the joys of homeownership if you ever would like to see a net sheet or breakdown of what a typical cost structure may be on a home, please feel free to connect with us at any point.

Compass

Realtor/ Broker (BRE: 01958545)

Beverly Hills: 424-239-6519

Minneapolis: 612-294-0447

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink wine…
But we don’t want to. We want experiential luxury. And you know what? You deserve it.

Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

If you are interested in buying or selling a home and appreciate… and deserve… a luxury real estate experience, then click here. Get an idea of the differences.

Enter your contact information below and let us know if you’d like a complimentary VIP package sent to you asap.

Erik Brown / DRE: 01958545
Compass
9454 Wilshire Blvd, Beverly Hills, CA 90212
Los Angeles real estate blog

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ERIK BROWN
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Equal Housing Opportunity In Beverly Hills Real Estate
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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