Under Proposition 90, California property owners who are 55 years or older may be able to qualify to transfer the assessed valued of their principal residence sold in County “A” to their new residence in County “B”. The County Assessors will require a copy of the tax bill from the other county and a copy of [...]
A very interesting article in the International Business Times today highlights legendary investor Warren Buffet’s advice for real estate investors: Buy, Baby, Buy (especially single-family homes)!
Owning a home is great – you get to build your own equity, have the satisfaction of owning your own property, get to customize it the way you like it, not to mention the tax breaks and other benefits. But owning a home does come with responsibility: to keep your home maintained and repaired. When [...]
An article encouraging sellers to get rid of cheap brass fixtures appeared on Inman News today, and I couldn’t agree more. In the article, Chicago real estate agent Steve Somogyi emphatically states that he thinks dated, cheap, yellow brass fixtures send the wrong messages to buyers: C-H-E-A-P! Changing out dated brass fixtures can dramatically improve [...]
California tax-payers will have to be extra-careful when filing their 2012 state income taxes in 2013, as the State Franchise Tax Board cracks down on homeowners who have been illegally writing off their Mello-Roos fees or taxes paid via the 1915 Bond Act. Although Mello-Roos and 1915 Bond Act taxes have not been legal deductions [...]
Whether you’re a buyer or seller, your real estate agent’s skills can make or break a sale. That’s why it’s so important to find a trustworthy, professional Realtor who has your best interests at heart. Especially in this market, easy transactions are few and far in-between. Lenders are tightening up their policies, new laws that [...]