Author: Savannah Rollins

As commercial real estate professionals, we facilitate both lease and sale transactions for our clients.While the steps leading to both types of deals are similar, the execution diverges significantly once terms are established. In leasing, once the document is signed, our role diminishes — aside from helping with city approvals or coordinating tenant improvements.However, in a sale, our involvement intensifies as we guide the process through escrow to ensure the transfer of title and ownership.Today’s column walks you through the essential steps in managing a smooth purchase escrow.Deposit wired to escrowOne of the first actions after signing the purchase agreement…

Home remodeling is a tricky subject. It costs a lot of money, but it can make your home more enjoyable. And, it can lead to a better return on your real estate investment. But a home remodeling project can also be a financial landmine. Plus, you have to live through a construction zone. And some projects don’t see a large ROI. Here are some of our top posts about home remodeling, including the costs of bathroom and basement projects. Should You Do a Basement Remodel in Sacramento? Are you lucky enough to have a basement in Sacramento? You may be…

Key Findings Property values have skyrocketed in recent years, rising almost 27 percent faster than inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills. It is sometimes referred to as a “hidden tax,” as it leaves taxpayers less well-off due to higher costs and “bracket creep,” while increasing the government’s spending power. since 2020, which yields dramatically higher property taxes in jurisdictions that fail to adjust millages (rates) downward. Legitimate discontent over high…

Lease Santa Barbara 3860 State St. High identity, approx. 3,966 SF freestanding restaurant located in the emerging La Cumbre Plaza district. Plans have been submitted for 685 unit multifamily project directly across the street. 3860 State St. shares a parcel with the Best Western Pepper Tree Inn consisting of 150 guest rooms. Future tenant must serve breakfast and lunch but will have the benefit of being the sole restaurant for the Pepper Tree Inn. Contact Listing Agents for details. HospitalityRestaurantRetail $3.25 NNN ($0.66) 3,966 SF Source link

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long. So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer. As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do? The truth is, if mortgage rates…

Individual retirement accounts (IRAs) are designed to help you save for retirement, but what happens if someone passes away with money in an IRA? When you start contributing to an IRA, you can choose a beneficiary to inherit your IRA if you pass away. If you don’t select a beneficiary, your estate will be the beneficiary by default. An inherited IRA can play a key role in estate planning. You can even choose how much each beneficiary receives. Read on to learn more about inherited IRA rules and how you can plan for the future. What is an inherited IRA?…

If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below): But there’s also a good chance you, like many other people, have been holding off on that goal because of recent market challenges. It makes sense – when you’re planning an upgrade that could increase your monthly housing costs, affordability has a huge impact on when you make your move. But there’s good news: now’s actually…

Form 1099-H was last used for tax year 2021 and was issued to people who received advance payments of the health coverage tax credit (HCTC) to help cover health insurance costs. Let’s break down exactly what this form was all about and how it impacted your income tax return. At a glance: Form 1099-H was used to report advanced payments for the health coverage tax credit or HCTC. The HCTC expired after tax year 2021, so you will not receive it for tax year 2024. What is a 1099-H form? The 1099-H form was an Internal Revenue Service (IRS) form…

Dodgers star Shohei Ohtani watches the flight of his two-run home run, his 50th of the season, during the seventh inning of their game against the Miami Marlins last Thursday in Miami. The ball, which gave him the first 50-home run, 50-stolen base season in MLB history, was retrieved by a fan and will go up for auction on Friday, with an opening bid of $500,000. (Photo by Megan Briggs/Getty Images) Two very different slices of Southern California history are on high-profile auction blocks, where the end of the bidding is a great unknown. There’s been five-months-plus of bidding for…

Once upon a time, the best way to sell your home was an open house. It was understood that if you planned to sell your house, you needed to allow a parade of strangers into the property. Thankfully, that may no longer be the case. In fact, if you rely on open houses to sell your property, you may be disappointed. Just 4% of home buyers in 2020 said the first thing they did in their home search was go to an open house. Only 6% of buyers said they found their home by driving past an open house sign.…