Real Estate University

In this episode of San Diego Real Estate University, Mark Stuart talks about the importance for sellers to fully disclose all known facts about a property, including the Transfer Disclosure Statement, Seller Property Questionnaire, and more. Not only is it the law, but it can protect sellers from potential lawsuits after sale.

In this episode of San Diego Real Estate University, La Jolla CPA Larry Murrill of http://www.murrillgerbino.com discusses the not always straightforward tax exemption on the gain when selling your principal or primary residence. Always check with your CPA before assuming you are in the clear!

In this episode of San Diego Real Estate University, Mark Stuart discusses the request for repairs process, which is essentially a secondary negotiation after the buyer completes all property investigations. While health and safety items, along with other things a buyer had no way of knowing about may be addressed by a seller, obviously known deficiencies may be more difficult concessions to obtain.

In this episode of San Diego Real Estate University, La Jolla CPA Larry Murrill of http://www.murrillgerbino.com discusses the home office or business use of home tax deduction, along with eligibility, scope, and methods of computing the deduction.  Remember, use must be exclusive and regular to be able to take advantage of this tax savings.

Are HOA dues just another "tax" on me as a homeowner? HOA reserves are essentially a shared savings account for the mutual benefit of all homeowners. In this episode of San Diego Real Estate University, Mark Stuart discusses HOA dues, what they often pay for, and how they often times even save a homeowner money.

Real estate appraisals all have very different goals, and rarely are they to strictly determine actual market value! Step up on cost basis appraisals, refinance appraisals, and purchase contract appraisals will all vary in final valuations.  In this episode of San Diego Real Estate University learn why for both buyers and sellers, it is of the utmost importance to have a true market valuation completed by a specialist, typically your real estate agent, to protect your monetary interests.

Contingencies are among the most talked about and important pieces of a real estate purchase contract as they deal with hard money and protecting earnest money deposits.  In this episode of San Diego Real Estate University, Mark talks about what contingencies exist, how they are removed, what happens when they are removed, and more.

In this episode of San Diego Real Estate University, Mark discusses how California Proposition 60 helps save retirees with their property taxes should they have a low property tax basis. This should not be confused with a 1031 exchange, which has to do with their cost basis for income taxes on a particular piece of real estate. If you are over the age of 55 and have a low property tax basis and are thinking of downsizing, proposition 60 may be helpful to you.