Homeowner Associations can be a great asset to any residential property, but there are also specific details, as a homeowner and potential home seller, you should be familiar with. Before selling your home, it’s best to do your due diligence. This may include asking your HOA...
It’s a time we can count on each and every year - tax time! And, while it isn’t anyone's favorite topic, it can’t be avoided. You may remember that earlier this year there were some changes made to homeownership tax laws. So, this year, many people...
It’s September, which means it’s also REALTOR® Safety Month! So, today, we wanted to share with you some helpful tips to ensure your personal safety is a top priority not just this month, but throughout the year. Did you know that according to the National Association of...
Proposition 13 has been around since 1978, but voters have the chance to potentially change the California property tax initiative in 2020. Currently, Prop 13 treats all California property taxes in an identical manner, but opponents of the measure are calling for it to exclude...
Once the process of buying a new home is over, all most homeowners really want to do is move in, relax and enjoy their new home. It’s totally understandable given for months they’ve been working hard to close. And while it’s important to take some...
A common document that a borrower will come across during the escrow process is the “Notice of Right to Cancel” (also known as the “Rescission Document” or the “Three-Day Notice of Cancellation”). This document is an important one, so today, we wanted to share with you...
California requires that income tax for the sale of a home sale must be withheld. Today, we’ll share with you more information about this form, why it's important and key information you'll want to know about before completing it. So, let’s get started! What is the...
The Foreign Investment in Property Tax Act (FIRPTA) is a certificate of non-foreign status. FIRPTA addresses the disposition of U.S. real property interest by a foreign person. Section 1445 of the Internal Revenue Code requires that all transferees (buyers) of real property owned by a...
On July 26, 2016, the Financial Crimes Enforcement Network ("FinCEN"), a bureau of the United States Department of Treasury, issued a Geographical Targeting Order ("GTO") requiring title insurers, their subsidiaries and agents, to report certain information in connection with the purchase of 1-4 unit residential...
Many people don’t realize that there’s a difference between what they own personally and what their home owns, and when it comes time to sell, the confusion can cause a lot of problems. Take the period chandelier in your entryway, for example. It’s the perfect...