How to Protect Your Home’s Equity

How to Protect Your Home’s Equity

Learn about how California’s Homestead laws can help protect the equity in your home. California and many other states have homestead laws to protect families against creditors.  A homestead property is a primary residence that is exempt from claims or eviction by unsecured creditors. A homestead exemption is in effect a lien that protects a certain amount of equity in a person’s home by limiting the amount of liability for certain debts against which a home can be used to satisfy a judgment.  For instance, if a creditor tries to foreclose on your home to satisfy your debt, a certain amount...Read more
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
Should I Work with a Real Estate Agent to Buy a Home in California?

Should I Work with a Real Estate Agent to Buy a Home in California?

Buying a new home is an exciting prospect.  If you are new to the home buying process, learn the steps to purchase a home in California.  When you are prepared with your priorities and target neighborhood(s), a licensed California real estate agent can be an invaluable tool to help you achieve your home buying goals.   Real Estate Education: Practice, Principles, Law and Appraisal To become a licensed real estate associate in California, you have to take a number of classes regarding real estate law, practice, principles, appraisal, etc., as well as pass a state administered exam.  Licensed real estate...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
How to Buy a Home in California

How to Buy a Home in California

Learn about the home buying process in California: Buying a house for the first time can seem scary.  For many people, it is the largest investment they will ever make.  It is important as a homebuyer to be well informed and understand all of your options.  Fortunately, California Real Estate law along with licensed real estate professionals are in place to protect you and your investment and give you all the information you need to make a well informed decision.   STEP 1: Assess Your Needs Just as every property is unique, every buyer’s situation and priorities are unique.  Spend...Read more