“We bought a new condo a year and a half ago. We just had a baby and want to sell and get into a house. We’ll make 0K profit after expenses. My question is whether we must wait until the two year mark before we sell so that we can avoid paying taxes on our […]
“We’ve just started looking for a home. I found out that some newer homes have that extra Mello-Roos fee that can cost several hundred dollars a month. I definitely wouldn’t buy a home with Mello-Roos. Why would anyone buy one?”
***ANSWER:
Basic economics.
Assume you have two identical homes side by side. One has Mello-Roos and the other […]
“We’re looking to buy our first home. The only way to buy what we want is to find a cheap house that needs a lot of work. Our problem is we’re cash strapped and won’t have money left for fix up. An agent told me we could offer more and have the seller write us […]
“Hi Gary. I wanted to get back to you and let you know that we’ve decided to have you sell our rental at XXX XXX Street. I heard about some new law where you have to give the tenants more than 30-day’s notice to move. How does that work?”
***ANSWER:
As of January 1, once again you […]
“We’re buying a condo built about 10 years ago. It looks like it’s in great shape. Do you think we need to get it inspected?”
***ANSWER:
There are many types of inspections:
- pest control (aka termite)
- home inspection
- mold
- structural / engineering
- plumbing, heating, electrical, roofing
- and more
I’m assuming you’re asking if you should get a standard […]