SELLER CLOSING COST IN LOS ANGELES
Discover the key aspects of closing costs for home sellers in Los Angeles, including standard fees, pre-sale inspection considerations, city and county transfer taxes, retrofitting requirements, and the impact of recent measures like Measure GS and ULA. Our guide provides insights into the costs and steps involved in selling your property in LA, whether it's a home, multi-unit building, or commercial space
Proposition 19: Keeping Your Property Tax Basis While Relocating in California
The Home Protections Act expands on Proposition 60/90, allowing seniors, severely disabled individuals, and wildfire or natural disaster victims in California to transfer their property tax basis to a new home, even at a higher value. Discover how you can secure your dream home and keep your tax benefits intact.
Understanding Home Seller Closing Costs in California
Selling a home in California comes with various closing costs that sellers should be aware of to prepare and budget accordingly. These costs can range from 6% to 10% of the transaction price and include real estate commission fees, prorated property taxes, title insurance, transfer taxes, staging, inspection fees, escrow fees, attorney fees (if applicable), recording fees, wire transfer fees, and homeowner association fees (applicable to condos or townhouses). By understanding these fees and working with a knowledgeable real estate agent, sellers can avoid unpleasant surprises and ensure a successful transaction.
Tax Deductions for Homeowners
This tax deductions guide for homeowners offers clear explanations and helpful tips to help them navigate the complex world of tax deductions and maximize their savings. Homeowners can keep more money in their pockets and increase their savings by maximizing deductions for mortgage interest, property taxes, and other expenses. Please talk to your accountant.