Summer Sales: A Win-Win for All
Late spring and early summer offer the best opportunities for sellers to maximize home sale prices. Buyer demand peaks before summer vacations and the school year, creating more competition for homes.
Property Tax
The Office of the Tax Collector in Orange County collects taxes on secured and unsecured properties and manages the sale of properties with unpaid taxes delinquent for over five years. Property tax bills provide details on property value and taxes. Secured taxes apply to real property, while unsecured taxes are based on assessed value and […]
Could a Recession Derail California’s Housing Recovery?
California housing market saw a two-year high in sales, fueled by a recent drop in mortgage rates. Increased buyer activity and new listings indicate a potential for continued housing market improvement.
Required documents for a US mortgage
When applying for a US mortgage, submit translated documents including employment/income information, such as recent salary statements and W-2 forms for non-UN staff. Retirees need pension and Social Security Award Letters. Self-employed borrowers must provide tax returns and profit/loss statements. Include bank statements, proof of assets, and documentation for non-US citizens. For refinancing, provide current […]
زمین ارزان قیمت مسکن یارانه‌ای کالیفرنیا را ارزان‌تر نمی‌کند
دستور اجرایی Gavin Newsom برای استفاده از زمین‌های مازاد دولتی جهت مسکن مقرون‌به‌صرفه منجر به ارزیابی ۴۴,۰۰۰ قطعه زمین شد که تنها ۴۶ قطعه مناسب تشخیص داده شدند و ۱۹ قطعه در حال توسعه هستند. پروژه Sugar Pine Village در South Lake Tahoe که شامل ۲۴۸ واحد خواهد بود، مشکلاتی در شفافیت هزینه‌ها را نشان […]
New California Bill Seeks to Protect Renters From ‘Financial Trap’
AB 1248 aims to eliminate separate junk fees by requiring all costs be included in rent. Landlords increasingly charge extra for pest control, trash, and utilities once included in base rent.
Orange County: ADUs, Simpler Than Ever?
Ready Set Orange program simplifies ADU construction: Streamlines the process for homeowners building Accessory Dwelling Units (ADUs) in the county. Program offers pre-designed floorplans: Homeowners can choose from ADU designs ranging from 531 to 708 sq-ft.
Mills Act: The Best Incentive for Residential Property Owners
Owners of historic properties in Orange County can benefit from up-to-date preservation information and the Mills Act, which offers property tax rebates for maintaining historic homes. If your city lacks a Mills Act, consider advocating for it. Following the Secretary of the Interior's Standards is crucial for property rehabilitation. Nominating properties for state or national […]
Los Angeles-Long Beach-Anaheim in Early-Spring 2025
Active listings ↑ 51.8% yearly New listings ↑ 19.0% yearly Median price $1,179K ↑ 2.5% yearly Price per sq. ft. ↑ 1.9% yearly Median days on market: 42, no change New listings ↓ 13.0%
The 4 C’s of Qualifying for a Mortgage
Qualifying for a mortgage can be daunting for first-time homebuyers or those re-entering the market. Lenders assess four core components—capacity, capital, collateral, and credit. They evaluate income, employment history, savings, and monthly debts to ensure borrowers can manage mortgage payments. Lenders also verify the source of large deposits and assess the property's value through an […]
