Be open to the area that you choose. Don’t be afraid to move into an area that is up and coming. It’s your first home and not your forever home. As long as it’s near another area that is already up in value. How the “up and coming” works is it spreads from better neighborhoods to the surrounding not so nice areas. Think of Elysian Valley to Echo Park and Silverlak; Mid City and West Adams to … (0 comments)
home buying: Supplemental Tax Assessment 101
- 04/16/15 06:55 AM
So you have just purchased a house and the prior owner bought the house for much less than you did. It’s time to prepare for what we call a Supplemental Tax Bill or Assessment. When you pay for your taxes via escrow, you are paying for them based on the prior owner’s value/assessment. If the prior owner paid more for the home than what you purchased it for, there is nothing you have to do. However if you paid more for the home than the prior owner paid you will have a supplemental tax bill. After the transaction closes the County … (1 comments)
home buying: Looking to purchase a short sale? Patience Pays Off
- 06/17/10 08:22 AM
Many homes on the market right now are short sales. What that means is the seller is likely in default (they are behind on their mortgage payment) and are asking the bank(s) that hold the loans on the property to take less than what the loan balance is. The listing agent typically prices the home for less than what is owned to the bank (this is where the term "short sale" comes from). Many people laugh when I tell them it's a short sale as the process can take many months to close. Once you write an offer on a short … (0 comments)
Blood Sweat and Tears: The Peril of Being a First Time Buyer in Los Angeles. How to find Your First Home that you can Afford.
;)
;)
