Property Rights

Property Rights

  Owning real property comes with a bundle of rights.  Know your rights! The right to own property in the United States is protected under the U.S. Constitution.  Anything that may be owned and gained lawfully is known as property.  Property law governs the ownership of both real and personal property.  For the purposes of this article, we will focus on the rights associated with real property (land) as opposed to personal property (personal possessions). Bundle of Rights In common law, the word “property” refers more to the rights an owner has in property than the fact that the property...Read more
What are Closing Costs in California?

What are Closing Costs in California?

Closing costs are fees paid through escrow for the transfer of real property.  Closing costs can include lender fees, escrow fees, title fees, title insurance, property taxes, agent commissions, recording fees, and more.  Many buyers and sellers are surprised at how expensive closing costs can be in some cases, and unfortunately, California has some of the highest closing costs in the country.  Find out how to estimate your closing costs when buying or selling a home in California.   Who Pays For What? Like most aspects of the California purchase agreement, delegation of closing costs is negotiable, however, there may...Read more
What is a Comparative Market Analysis (CMA)?

What is a Comparative Market Analysis (CMA)?

A comparative market analysis, or “comp,” is used by California real estate professionals to determine the value of a particular property.  The value of a home will vary between different cities and even within more localized markets within the city.  For instance, a 2-bedroom 1-bathroom home in San Francisco will be priced much higher than an identical home in a suburb such as Hemet.  Furthermore, a beachfront property in San Diego will cost more than a similar property further inland. A real estate agent or licensed appraiser will compare the property characteristics and condition of your property to similar properties...Read more