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Category: Legal & Taxes

John Sebree Steps Down on His Function
Legal & Taxes

CEO of California Association of Realtors Steps Down on His Function

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

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Legal & Taxes

Proposition 13 Impact on California Real Estate: Stability vs Stagnation

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

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loan for house
Legal & Taxes

The Process of Foreclosure in California: Bill of Rights

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

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How Do Home Inspections Look Like
Legal & Taxes

Home Inspections – How Long Do They Take and How to Prepare?

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

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House Under Contract vs Pending
Legal & Taxes

House Under Contract vs Pending: What’s the Difference?

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

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Discover the Tax Implications of Selling Your California House
Legal & Taxes

How Much Tax Do You Pay When You Sell Your House in California?

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

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