Appraisals are normally a staple of the home buying process. With appraisal costs starting at $500, you should be aware of what you’re getting for the money you are spending. Let’s walk through the home appraisal process. Home Appraisal Process: The cost of a home appraisal is the borrower’s responsibility. It’s usually paid for with […]
Real Estate Definitions
What’s The Difference Between A Condo and A PUD?
Condominiums and Planned Unit Developments are frequently being used as a way to battle the rising population and declining amount of land in California. What’s the difference between a condo and a PUD, though? The terms condo and PUD refer to land interests, and have nothing to do with the physical dwellings that are built […]
2015 California Real Estate Laws: Document Bundling Prohibited by HOAs
This post is part of a series about new 2015 California Real Estate laws. Click here to see the series. Document Bundling Prohibited by HOAs: Sellers must now pay all fees This California Association of Realtors (CAR) sponsored bill prohibits the practice of document bundling (requiring the purchase of a package of documents together with the […]
2015 California Real Estate Laws: No Shill Bidding At Real Estate Auctions
This is part of our series about new 2015 California Real Estate laws. Click here to see the series. This new law prohibits anyone from causing or allowing any person to bid at a sale for the sole purpose of increasing the bid on any real property being sold by the auctioneer. An auctioneer or another […]
2015 Real Estate Laws: Solar Energy Property Tax Exclusion Extended
This is part of our series about new 2015 California Real Estate laws. Click here to see the series. SOLAR ENERGY PROPERTY TAX EXCLUSION EXTENDED This California law extends a solar tax exemption for new active solar energy systems until 2025. The existing law (set to expire in 2017) bars property tax increases based upon the […]
2015 California Real Estate Laws: Purchase price is no longer a secret
This post is part of a series about new 2015 California Real Estate laws. Click here to see the series. California Real Estate Laws: Documentary Transfer Tax – Purchase price is no longer a secret This law repeals the right of a principal buyer to request that the transfer tax be shown on a separate document, thus shielding it from […]