John Sebree has stepped down as CEO of the California Association of Realtors (CAR), the organization announced on Saturday. Sebree is leaving to explore new professional opportunities. Melanie Barker, CAR’s president, expressed gratitude for Sebree’s tenure as CEO and State Secretary. “On behalf of CAR’s leadership team and the Board of Directors, I would like
In 1978, California passed Proposition 13, a major change to real estate tax law. It set a cap on property taxes at 1% of a property’s assessed value and limited yearly increases to no more than 2%. This was done to keep property owners from facing huge tax increases when property values shot up. Proposition
In California, if you miss your home loan payments, the servicer, acting for the loan owner, will start the foreclosure process. This usually happens outside of court (nonjudicial), but sometimes it can go through the court system (judicial). The state’s laws outline the foreclosure process, and both federal and state regulations offer you certain rights
A thorough examination of a home’s condition plays a crucial role in the buying or selling process. Home inspections, often detailed and systematic, require a specific amount of time based on the property’s size. Inspecting an average house thoroughly typically requires between two to three hours. However, this duration may change based on the home’s
Real estate jargon can be a headache. Buyers and sellers face a mountain of terms. It’s tough to get the hang of it, especially when you’re in a rush to sell your home. It’s time to clear up a couple of these terms. Buyers often ask us about “under contract” and “pending.” These words pop
I apologize if my previous attempt didn’t meet your expectations. Let’s try a different approach: When you inherit a house, it’s not just about getting a new home. You’re also taking on the taxes and debts that come with it. This includes estate and capital gains taxes and any remaining mortgage. The house also demands
Selling or buying a property in the country’s most competitive real estate market is no easy feat, but when you start taking taxes into account, the process of selling your California home can quickly become an incredibly expensive feat! Now, no matter how steep tax rates might be at the moment, you should keep in mind that
