Tuesday 2 December 2014
Monday 1 September 2014
Sunday 17 August 2014
2645 So. Harvard Blvd., Los Angeles, CA 90018 | Powered by ZingDing
2645 So. Harvard Blvd., Los Angeles, CA 90018 | Powered by ZingDing
OKAY! Today's the day-- your ONE opportunity to see the upstairs unit too! Come on by!
Sunday 2:00-5:00 2645 So Harvard--looking forward to seeing you!
OKAY! Today's the day-- your ONE opportunity to see the upstairs unit too! Come on by!
Sunday 2:00-5:00 2645 So Harvard--looking forward to seeing you!
Monday 26 May 2014
Tuesday 22 April 2014
Saturday 19 April 2014
Friday 4 April 2014
Hello!
It is that time of year again. We need to remind everyone that their property taxes are due for the second half taxes. Below is the Tax Calendar for the year and information about property taxes. Also, please remember to have your sellers pay their property taxes through the escrow if you are currently in escrow on a property. This will make it easier on your sellers, the escrow officer and the title company. Please let me know if you have any questions or need anything from me and Lawyers Title.
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Thursday 27 March 2014
Wednesday 12 February 2014
Property Tax ProRations--thanks, GlenOaks Escrow!
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One of an escrow officer's simpler jobs is calculating the amount of property tax that is payable by the buyer and the seller on any given real estate transaction. One of the agent's tougher jobs can be explaining to the buyer why he may get an official property tax adjustment bill months after the sale is done. Let's wade into the arithmetic and explain the situation.
Property Tax Defined
Every property gets assessed by the county assessment office every year, establishing the amount of tax due on that property. At the time of a sale, it's a simple matter for the escrow agent to find out the property's tax for the full year, and apportion the correct amount to the seller for the year to that date, and the right amount to the buyer for the remainder of the year.
Sale Triggers Assessment
The complication arises because a property sale triggers a new assessment. This assessment happens according to the schedule and timetable of the county assessment office; this means it could happen months after the transaction has closed, when the buyer has long since thought the sale over and done with.
When it eventually occurs, the property has a new assessed value --- and a new tax burden--- retroactive to the date of the sale. It might be more or less than what the buyer paid on the closing statement, but chances are good that it will be different. Therefore, the assessment office will issue an adjustment notice.
Escrow Works With The Numbers
The escrow officer's job with prorating property tax is just to work with the existing numbers. He uses the property tax amount provided to him by title at the time of the escrow (the current property tax amount). He takes this current tax information and allocates the charges to the parties accordingly.
That's why, in an appreciating market, a buyer can get an additional tax bill, months after the sale, when he thought it had already been covered. And that is why, in a depreciating market, the potentially reduced taxes on the home cannot be determined and applied at escrow. For specific tax questions related to a particular parcel, further information can be gained by contacting your county's tax recorders office.
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Tuesday 14 January 2014
Wellington Square Open House!!!
Here's YOUR chance to see what the West Adams buzz is all about...come on down to Wellington Square and see this beauty!
OPEN 12-3...and we'll feed you! Y'all come!
http://www.zingding.com/
-- Click on Link above for photo presentation...
OPEN HOUSE TODAY TUESDAY 12:00 - 3:00
1908 SOUTH BUCKINGHAM RD.
NEW PRICE!--only $899,000! 5 BR + 4.5 Ba!!!
Wellington Square Wonder! Located in one of Historic West Adams most sought after areas.
This Dutch Colonial has been re-done top to bottom. Flooded with light from the many mullioned casement windows, it features an expansive living room opening to a fabulous cook's kitchen and a dining room with French doors to a large deck. There is a roomy den/office, a powder room, and maids (or nanny's) room with bath en suite.
The second floor offers the master suite and 3 more bedrooms and two additional baths. This handsome home is approximately 3000 square feet on a big lot that is over 8600 sq.ft.! The large backyard has a 2 car garage with a big patio room--perfect for gym, office, or playroom! Behind the garage, there's enough room for a pool! Do not miss this beauty!
It's got it all!
This Dutch Colonial has been re-done top to bottom. Flooded with light from the many mullioned casement windows, it features an expansive living room opening to a fabulous cook's kitchen and a dining room with French doors to a large deck. There is a roomy den/office, a powder room, and maids (or nanny's) room with bath en suite.
The second floor offers the master suite and 3 more bedrooms and two additional baths. This handsome home is approximately 3000 square feet on a big lot that is over 8600 sq.ft.! The large backyard has a 2 car garage with a big patio room--perfect for gym, office, or playroom! Behind the garage, there's enough room for a pool! Do not miss this beauty!
It's got it all!
Tuesday 7 January 2014
Big-Time Price Reduction in Wellington Square!!!
Great Value on this Wellington Square Wonder! Price Reduced from $949,000 to $899,000!
Located in one of Historic West Adams most sought after areas... this Dutch Colonial has been re-done from top to bottom! Flooded with light form the many mullioned casement windows, it features an expansive living room opening to a fabulous cook's kitchen that in turn open to the dining room with french doors to a large deck. There is a roomy den or office a powder room, and a maids (or nanny's) room with bath. The second floor offers the master suite and 3 more bedrooms and two additional baths. This handsome home is approximately 3000 square feet on a big lot that is over 8600 sq ft.! The large backyard has a 2 car garage with a big patio room--perfect for a private office or kids playroom. Behind the garage, there's enough room for a pool! Do not miss this beauty--it's got it all!
Click the image below for the full photo tour!
Click the image below for the full photo tour!
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