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When you sell your home, it can be tempting to gloss over that leaky plumbing your cousin “fixed.” But this isn’t Craigslist. And California Case Law declares that it’s a home seller’s legal obligation to disclose to the buyer any known material facts impacting a property’s value or desirability. A transfer disclosure statement (TDS) allows a seller to ta...
Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi Topchian, a member of the Rent S...
When it comes to shopping for a new home in Southern California, we’ve noticed everybody tends to want one thing: a refreshing swimming pool. But a well-designed ADU is right behind it. So, what is this ADU California residents love so much? It’s an acronym for “accessory dwelling unit” and it’s an independent living space that shares a lot with a main re...
Some people have no clue about their home’s value. Others methodically scrutinize and analyze, but still end up with doubts. And still there are those who fully trust one figure, say a property assessment, only to list their home and find that the market doesn’t quite agree. There are so many moving factors involved with valuation that precision can be tricky. But excuses aside, wha...
You may not be willing to pony up $75 million for a luxury condo, but the Four Seasons is betting somebody will. That’s the cost of the penthouse crowning their 12-story private residences complex on the border of Beverly Hills. It should come as no surprise that $75 million is well over the record sale price for a luxury condo in Los Angeles. But in a sprawling megalopolis where single f...
There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. I was watching a video the other day in which a journalist stated we could see a “20% decrease in housing year over year.” But they didn’t elaborate at that point which is deeply irresponsible considering their profession ...
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...
Below are July 2024 single-family home sale statistics. This market's healthier than you think. The areas covered include Rossmoor, Los Alamitos, Seal Beach, Huntington Beach, Anaheim, Buena Park, Cypress and Long Beach. The month of July has brought some interesting changes in the housing sales activity. Despite the spring season typically is a time of increased home-buying activity, in...
I wanted to share some exciting news that could benefit you if you're considering a move. California's Proposition 60 and Proposition 90 offer significant property tax relief for homeowners aged 55 or older. Here's how you can take advantage of these propositions: Proposition 60 Stay in the Same County: If you are 55 or older, you can transfer your current property...
Photo Credit: Envato Is it better to rent out or list homes for sale in California? You’d be surprised how much this question comes up. There’s no denying that property is a solid investment. But when you’ve generated enough wealth to consider retiring your primary residence to an investment property, it’s time to make that crucial choice. Is it more lucrati...
