Different Types Of Malibu Property For Sale

Posted by adairsawyer on August 4th, 2011

There are several different types of Malibu property for sale and of the various homes you will find the desired neighborhood of the Malibu colony homes.  Most of the Malibu properties, including Malibu colony homes are considered to be relatively high end.  People seek to buy Malibu real estate for a number of different reasons. Some like the beaches as well as the proximity to Los Angeles but who can forget the fact that Malibu sees mild and comfortable weather throughout the year.  The homes range in price but today the prices are at historical low when it comes to the Malibu homes for sale. The abundance of inventory and the tremendous rates make it an ideal time to buy even if you are considering a Malibu Colony Home.

When looking for Malibu property, it is important to consider the potential of the property and how it will suit your needs.  Regardless of whether you are looking for Malibu colony homes or those that are located right on the beach, it is important to compare the home with what else is on the market to determine if it is in line with current market prices. While the price of real estate in California has hit rock bottom the last couple of years, the Malibu property should be quickest to rebound especially in areas including the Malibu colony. 

Currently in there are over 325 homes for Malibu homes for sale. Although many people like the idea of living on the beach, most people do not think they can afford it.  Years ago, this was most likely true for a great deal of people as the prices of homes in California were very high, especially when compared with those in the rest of the country.  However, recently things have changed and the prices of homes have dropped. Malibu on average has been hit about 30-50% off its peak. While they are still considered to be high end when compared with that of the rest of the country, they are priced lower than they were in recent years, making it possible for those who might not otherwise be able to afford them to now do so.  If you are looking for an investment for the future, you may want to look towards Malibu colony homes.

It is necessary to take a look at the potential of foreclosure property in Malibu as well.  There are many properties that are in the process of foreclosure or are bank owned. These make for the best bargains, but one has to be careful when buying these types of homes.  The title has to be clear, there can be no liens for taxes on the property and if there are, the buyer has to be aware of them.  Also, it is important to look for any structural defects pertaining to the property which can be costly to repair.  Once a buyer has done their homework, taken a look at the title to the property as well as the premises itself, then they can make an informed offer as to how much they want to spend for the property.  They will do this by using a realtor, usually the one who has the property listed. 

When buying Malibu property, it is a good idea to take a look at those that may be in the throes of foreclosure. In order to find Malibu colony homes and more, go to Malibu Luxury Realty.