Question About Buying a house in California

**jfimagine** · 08-13-2011, 02:35 AM

Dear ladies and gentlemen here,

I come from China. and one of my friend want to buy a house/villa in California, near to Los Angeles,

I'm just having some strange questions, would you like to make some answer to me quickly?

Would be much much appreciated!!!!

Assume this House is about US$300K.

1. If I pay US$30K as initial payment, however I want to cancel the payment in 3 months(do not want to buy that house by finding new better one), what punishment should be applied?

Will I lose all my money and got some other publishment?

2. If my house has quality problem, something like water tube problem, electricity problem, house damaged, what type of compensation I can ask for? Say if:

A. quality problem do not have problem for us to live.
B. quanlity problem forces us to move out - it will hurt us.
C. quality problem hurt our bodies, or kill us.

3. If some reason, such as government decisions to build a huge plant or entertainment place, so my house should be destroyed. What type of comensation I can ask for?

A. assume govenment should NOT have any permissions to destroy my house without my approvement. right.
B. I approve government's decision. So what is the workflow. and how much money I can get paid before I run to find a new house?
C. Can I sue the Gov. if I do not want to move?

4. If some other real estate companies build some high buildings that close to my house, and that made problem to my house's sunshine, quiet natural environment, etc. What I can do? Can I sue them? What will be a compensation plan?

Pardon for my stupid questions, perhaps my friend think too much about those points. However if able, can you make some messages to me about those questions above?

Thank you all!

John, China

**Greg** · 08-13-2011, 05:17 AM

If you buy a house and then 3 months later you don't want it anymore you are stuck with it. You will lose your $30,000 and you will still owe the $270,000 balance of the loan.

To avoid buying a house with problems make sure you hire a licensed home inspector to look at the house before you buy it. They will make sure the house was built properly.

If the government takes your house for any reason they have to pay you fair market value for the property. If you disagree about the value then you can sue the government to get what it rightfully yours.

To avoid having a high rise building built next door make sure you buy a house in a neighborhood that does not allow high rise buildings.

Get a good buyers agent to help you and they will know how to make sure none of these problems materialize.

**jfimagine** · 08-13-2011, 10:50 AM

Dear Greg,

Thank you so much for your answers, Your suggestions are great to us. That help us to understand well about the risks and rights to buy a house there.

I just have another question, pardon:

There are some FUTURE BUILT HOUSE in China, that means, those houses are not built already, but we can initial pay for it and await for 1 ~ 3 years to get the house built, then pay the remaining cost. Then those points above will happen to us badly:

When we initial pay, all blue print (& preview in 3D models) for that house are great and perfect. However when 1 ~ 3 years after, we see quite different house built as what we expected: bad house quality, not enough green glass field, high building built there close to our house.

Will there be similar FUTURE HOUSE in USA? Or how can we fight for the bad quality(bad environment)
house in USA?

Pardon for this question. I'm just curious, This situation may never happen in USA, however it happend here.

Thanks to Greg and all guys here, again!!
Regards,
John

**Greg** · 08-16-2011, 04:52 AM

Your best bet then is to buy a used house in an area that is already developed. This way you can see exactly what the house looks like and what the neighborhood looks like.