January 2020

Found 2 blog entries for January 2020.

California real estate withholding rules have changed - again. Effective January 1, 2020, every real-estate-sale transaction will trigger the need for a new FTB Form 593 to be filed with the Franchise Tax Board, even if the seller qualifies for one of several exemptions. It's not a new tax, but a new reporting requirement. Whether you are buying or selling a home in California, this change will come into effect with the closing of your escrow. Here's a good summary of all the changes that came into effect with this recent change, from our friends at Fidelity Title - just click the pic below to see the flyer:

California Real Estate Withholding Form 593

In a nutshell, this new form impacts sellers to the extent that they have to fill out a new form, and buyers to the extent that they are

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Buying a new home is one of those things that potential home buyers sometimes have a love-hate relationship with - they love thinking about it, and hate the logistics of actually doing it! There can be a lot of moving parts involved with buying a home, and there are also quite a few myths that, believe it or not, actually keep some of today's home buyers from even trying. One of the most pervasive myths that we hear is the down-payment myth, i.e. in order to buy a home today, you have to have at least 20% down.

home buying myths

It's true, having a 20% down payment is a great thing, and it can certainly give you some options like avoiding private mortgage insurance (PMI). However, there are a number of mortgage-loan options out there that do not require anything

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