Buying Real Estate In Dana Point, California

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If you are thinking about buying real estate in Dana Point, California you have picked the perfect time. We are seeing record bottom prices for beach front and ocean view homes in Dana Point. Dana Point is a small and charming beach town with a small town local flare with some of the best beaches and boating activities available in all of Southern California. Most visitors to Dana Point are drawn to the Dana Point harbor and take day trips to Catalina Island from the harbor. The harbor is one of the main draws to new Dana Point home buyers and these seek to find a quality beach home at a great price.

A couple of things to keep in mind when buying real estate in Dana Point. First, Real Estate taxes are much different than other parts of the country. The State of California will charge a 1% annual tax to the sales price of any home you buy here in Dana Point. For example, if you buy a home for $500,000 then plan to pay $5,000 a year to the State of California Roughly, that is a little over $400 a month which is above and beyond the mortgage payment you will be making to the bank. In addition, there is roughly a .10 percent city tax that is charged to the sales price of your home. Therefore if you purchased that home for $500,000 with a combined tax of 1.1% then your approximate annual tax would be $5,500 a year. Keep in mind that these numbers are only estimates and we encourage you to consul with your local Dana Point Real Estate agent to confirm the exact numbers that will be charged on the home you are buying. You may also consult with any local title or escrow companies to get more information on the taxes you will be paying on your Dana Point home.

Another thing to consider is that many of the homes in Dana Point are covered under the umbrella of a homeowners association. A homeowners association will have monthly homeowners association dues with regulations that must be followed when living in the community. If you are thinking about buying a home in Dana Point please consult with your Dana Point Realtor to see what the monthly HOA fees will be. If you are buying a home in a newer development there may also be a mello roos tax in addition to the homeowners association dues. Make sure to consult with your Dana Point Real Estate agent on these items.

Dana Point, California is a great place to live and we are excited for your new home purchase. Make sure you work with a skilled Dana Point Real Estate agent that can guide you in the right direction. This will save you a lot of time and money.


About the Author:
Beach Cities Real Estate specializes in Dana Point Real Estate and showcases all the Dana Point homes for sale on thier Dana Point Real Estate website.  Please call any of our Dana Point Real Estate agents today at 1-888-990-7111.



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