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Before a calculation of the tax there needs to be a deep dive into calculating the basis of the home by looking at closing costs paid at the time of purchase, tallying up all improvements made to the home (this includes any personal property that is sold like refrigerator/s, W/D, furniture...

The interesting thing that I've been running into with more and more of my sellers now is that their gains are north of $500k so analyzing the tax situation is becomes a very important discussion. A lot of those sellers are selling and moving that equity into their next purchase to keep the...

My couch wouldn't be as comfortable if I had that much under the cushions. :ROFLMAO:

Yes, over that was required for qualify to purchase the home. Being self employed and getting a loan is not a pleasant process, they probe very deep.

I can contribute up to 25% of my net income to a SEP IRA up to $69,000 in 2024 so it's even better than a 401k which has lower limits. I'm been maxing out my SEP IRA contributions for the past 15 years.

Always always always get your home inspection even if you get a seller's home inspection report or if you buy a new home. Best insurance you can pay for.

I paid $4m for my home with $1m down (could have put more but wanted to stay liquid to help my contingent buyers). My all-in housing cost is not for the faint of heart or wallet... $14k/mo mortgage $3.5k/mo property tax $240/mo insurance (I'm sure this will be going up when I get my renewal in...

Irvine home appreciation outperformed Georgia appreciation by a big margin since Covid. Yes Irvine is expensive but any desirable is expensive and will continue to be expensive.

We ended up with 3 offers and the seller selected a buyer and we opened escrow today.

First offer in.

I listed a turnkey Chelsea floor plan Auburn home on a premium corner lot in Stonegate on MLS yesterday. I sold this home to the owners back in 2021 when they came to my open house when I had it listed back then. The home was built in 2017 by Richmond American Homes. The home features 4...

No chance it closes anywhere near the list price....no view, no larger lot, etc.

We received a second offer and after the seller multiple counter offers we opened escrow last Friday.

Bingo! I have a client who is looking at Newport and CDM with a $3m-$4m budget and there's a good bit of inventory out there with many homes sitting for a longgggg time. My clients who have gone to open house there have been told from several listing agents that they better buy now because...

I had some showings up in LA and tried a For The Win smash burger....OMG one of the best burgers I've ever had. I highly recommend every burger lover to try this place.

Yes they do and that is why the price per SF for larger and/or view lots is a lot higher than regular sized Irvine lots.

Auto insurance has gone up as well but only about 20-25%.

Yeah, I got that rate from my insurance broker after my insurance company cancelled me back in 2023.

$2,500 per year.

Home insurance will be very expensive for any homes around brush and/or foothills with the recent LA fires. I fully expect my insurance premiums to double this year.