“Deals” And “Bargains” In Real Estate The myth: It is widely believed by the public (and even by many real estate practitioners!) that there are “deals” or “bargains” to be had in real estate. The thought is that, in good markets or in bad, somehow a property can be purchased “below market price”. The reality: […]
Buying a home can be stressful. There are a lot of moving parts and a lot of things that can go wrong. Working with a professional Realtor, knowing the process and your due diligence is what will keep your home purchase on track. During the transaction, usually in escrow or before, a buyer will receive […]
Some Southern California Cities Require A Pre-Sale Inspection, A Report Or Both! Whether selling or buying a home, it is well to learn if the jurisdiction in which the property is located requires that representatives of that jurisdiction (invariably cities; counties usually do not do this) must enter and inspect the property before close of […]
A lease-option agreement should be looked at as “buying the right to buy at some future time”. The objective is to assure both the tenant/buyer and landlord/seller that the property may be transferred at a presently-agreed price at the end of the time period stipulated in the lease-option agreement. Steps to the creation of a […]
The Law Of Contracts – A Few Basics There’s an old proverb that says “In California, if it ain’t in writin’, it ain’t real estate’. The Statute of Frauds in the State says that all real estate undertakings must be reduced to writing. The real estate industry, via its Trade Association, the California Association of […]
Proposition 60 And 90 And Tax Transfer For Those 55 And Older Proposition 60 allows any seller of seller-occupied real property who is 55 years or older at the time of sale to transfer the property tax of the sold property to any other property intended as the seller-turned-buyer’s principal residence to the new residence. […]