Real Estate Blog

As we approach the closing on your home, it is time to prepare for sign-off. As a buyer, this is the time when you will sit down with a notary to sign your loan documents. As a seller, you will also be sitting down with a notary but to sign papers for the payoff of your home loan and all necessary transfer documents. Here are a few helpful tips to help you feel prepared for what to expect:

  1. Make sure to bring your Driver's License, State ID, or Passport with you to your signing appointment. 
  2. If you are buying the home, please bring a cashier's check with the remaining balance due into escrow for closing. You will find this amount on your estimated closing statement which will be provided to you prior to your signing appointment. You may also
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Everyone wants to buy when Real Estate is a bargain. But should you delay homeownership out of fear of not buying at the bottom? Not anymore!

The biggest reason people want to buy their home at the bottom of the market is fear they may lose their original investment (down payment).  If the value of the home they bought is lower when they decide to sell down the road, they may not get that original investment back.

In the past, you had no way to recover any amount of your investment (down payment) that was lost due to market values decreasing. The great news is that is no longer the case. I found a lender that actually has down payment protection insurance they can pair with your mortgage loan! This means you can feel comfortable knowing that even if

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When buying or selling an investment property, you may have questions regarding the capital gains taxes associated with any profits arising from the sale. Did you know that you can defer those taxes? Thanks to our friends at Xchange Soultions, we have some information for you on commonly asked questions. 

What is a tax-deferred exchange?

IRC § 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”, while deferring the payment of federal income taxes and some state taxes

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Purchasing a home in a new development often grants you the ability to choose the finishes for your new home and add other upgrades to help make the transition into homeownership as easy as possible. There will be deadlines in place for different areas in the home (call cuts) where options need to be chosen in order for the builder to keep on track with their building schedule. Here are a few things to consider prior to your first trip to the design center:

1. The sales office may have a list of items to choose from for each cut deadline and the price associated with that upgrade. 

2. Prioritize what areas are most important to you. Especially if budget is an issue, consider doing projects by level of difficulty in completing in the future. For

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Purchasing a home in a new development is desirable for many reasons. First, the home will be brand new and never lived in. You will have many good years in the home before ever needed to make any big repairs. Also, often times you will have the chance to pick out finishings in the home and opportunities to upgrade different areas to your liking. 

Working with an experienced Realtor who has experience working with new development properties can help save you time and money. There are many things to consider when designing your new home and negotiating with the sales time and a Realtor can help you with the process. Every development has a different process, our team here at Reward Realty can help you stay up to date on future release dates, pricing

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For those of us coming up on retirement or currently retired and living on a fixed income, increased property taxes can be a huge burden and can affect your decision to relocate. Did you know that under prop 60 and prop 90 you are able to take your existing property tax basis with you? There are a few restrictions to this, but can be a game changer for those looking to downsize after living in the same home for many years. Our friends at Fidelity National Title have been kind enough to provide the following information regarding the program. 

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For some buyers, having someone that has died in a property can be a deal breaker. The Seller Property Questionnaire (SPQ) has a question where this information can be disclosed to any parties potentially interested in purchasing the home. As I always recommend, if in doubt disclose! Below are some of the guidelines which may be used to better understand how death is disclosed during the sale of a property.

Disclosing Death 
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Schools are often a huge factor in the home you purchase whether you have children now, or are considering having children at some point in the future. A few years ago (~2013) the California Department of Education decided to change the way school scoring was calculated in order to take into account a number of parameters which account for the quality of education that is received. During this time, a company called Great Schools came into the picture and was able to claim a spot on many popular home search engines. Their ranking system is scored from 1-10 and also based on a variety of factors which include, diversity, test scores, community feedback, etc. 

On my website, I have adapted the Great Schools scoring and placed that information at the top of…
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No one goes into a transaction expecting hiccups. The California Residential Purchase Contract does have provisions (if signed) which can protect both the buyers and sellers in the event that some kind of disagreement or mishap does occur. Below, is a little bit of information provided by the California Association of Realtors which may help you better understand the arbitration process should it ever come up. 

Arbitration Information
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Beginning in 2017, new laws were passed regarding water conserving fixtures in homes. The California Association of Realtors has put out a great FAQ which answers many of the questions that buyers and sellers may have in regards to this new law. If in doubt, it is always best to disclose!

Water Conserving Fixtures FAQ
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