Secrets about Buying Property in Placer County

Placer Living

If you are buying property in Placer County, you should know a few things before you sign on the dotted line.

Limit your Purchases

According to Placer Living, it’s important that you don’t move your money around or make any large purchases before buying property in Placer County. If you do, it may affect your credit report. Lenders want reliability and if you owe lots of money, or open up a bunch of new credit cards, you could have a tough time qualifying for a loan.

Pre-Qualified or Pre-approved

If you are buying property in Placer County, be aware that there is a major difference between pre-qualified and pre-approved. Most people will pre-qualify for a home loan. Being pre-qualified simply means that your lender has looked over your financials to let you know what you can afford and how much money they are willing to lend you. Being pre-approved saves you time because you are not looking for property that you can’t afford. Make sure that you shop around for the best interest rates and the best deals looking for hidden costs such as points and processing fees.

Property Lines

If you are buying property in Placer County, make sure that you have a survey done before you buy. Knowing where the property lines are will save you from potential disputes in the future. Knowing borders will also help you when it comes to property taxes.

Stop Timing your Buy

Trying to time the real estate market when buying property in Placer County is like trying to predict the stock market. The market is cyclical and if you wait while trying to anticipate the market, you could miss out on the property of your dreams.

Bigger isn’t Always Better

If you are buying property in Placer County, keep in mind that the biggest and most gorgeous house in the neighborhood isn’t always the best. Placer Living recommends that you never buy the biggest or best because those types of properties only appeal to a small market. If you ever want to resell, you are limiting your potential buyers. When you are buying property in Placer County, it isn’t a bad idea to buy the worst on the block as the per square foot price on the worst house will always trade for more cash than the largest house.

Hidden Costs

Placer Living also recommends that you remember the sleeper costs. Most people only weigh the cost between owning and renting and forget about utilities, property taxes, and dues for homeowner associations. Homeowners also need to be aware of maintenance, repairs, and the possibility of a property tax increase.

Placer Living


If you would like more information about buying a property in Placer County, schedule an appointment with the experts from Placer Living today.

One Response to “Secrets about Buying Property in Placer County”

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  1. Margaret Porter says:

    We are looking to buy some land in the placer county area and have looked at allot. We need some advise as far as the type of soil it has, wells, septic. Could someone contact me at Thank you Margaret

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