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What's new at Real Estate - Orange County

Page 40

A Bird’s Eye View
Remembering that 2010 had an optimistic upstart, and that 2010 was boosted by buyer tax credits, the comparison could be skewed, given the somewhat unusual start and then abrupt drop off in April 2010 — where fear reversed any momentum for the first 4 months.
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Sharing responsibility of property taxes gets a bit complicated
Can the county place the whole property up for sale or only the undivided interest not paid on? I moved to have the property partitioned and have since received ownership title to specific properties. Can the county sell my share of the properties now for amounts owed for real estate taxes?.
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MATTERS
you split it up between owners. Take, for example, a property that sits on quite a bit of land. One owner could get the house with a small amount of land while the two other owners share the balance of the undeveloped land.
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Ask The Builder
In my opinion, taping drywall is much harder than it looks on the shows you watched. I’ve done video work for years and can tell you that a talented videographer and editor in postproduction can make the toughest jobs look like a cakewalk.
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CASH
Another factor contributing to the high percentage of all-cash deals in luxury markets is the prospect of being turned down for a loan because the qualification process has gotten much more difficult for jumbo loans, Kolb said..
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Cash: the new normal
Forecasting the Orange County real estate market has always been a dicey proposition. About a decade ago, I was one of the real estate writers who looked at the data relating to the economy and the local housing market and determined that the demand would not catch up with the supply for at least another 10 years.
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