Newport Beach Real Estate

02/09/2022

Mello-Roos Tax.
FAQS.

Q: When does Mello-Roos expire?
A: Not all Mello-Roos taxes have an expiration date. Some Mello-Roos taxes fund ongoing maintenance, fire and/or ambulance services, etc. These do not expire unless an expiration date was approved when the district was formed.

Q: Can you claim Mello-Roos on taxes?
A: According to the IRS, only “ad valorem” property taxes (“according to value”) are tax deductible. Many Mello-Roos taxes are not based on the value of the home, which makes many not tax deductible. Many of those are local benefits, making them not tax deductible.

In this regard, how often do you pay Mello-Roos?
Typically, the bonds are paid off in 20 years, but State law allows up to 40 years. Those who purchase a new home have the option to pay for their Mello-Roos tax in its entirety at the time of purchase.

Q: How do I know if my property has Mello-Roos?
A: To locate and identify your Mello-Roos District, or Community Facilities District (CFD), you will search by your properties APN number or full address on the county tax accessors website.

01/27/2022

National Association of Realtors (NAR) Release on Mortgage Interest Rates.

Jan 27, 2022.

01/23/2022

Concrete stained like wood.

11/12/2021

Mortgage rates dropped again!

Quite a few major mortgage rates decreased today, Nov. 9, 2021. If you're in the market for a home loan, it might be time to act.

10/11/2021

New Construction Homes. Orange County, CA.

The active new construction homes have been organized by price below.

Brittany Leighton is honored to represent new construction home buyers and new construction home communities!

Take a look at your options $2,000,000 and under, here.
https://matrix.crmls.org/Matrix/Public/Portal.aspx?p=DE-674123008-897&k=3297360X09WF&eml=ZXhlcmVhbGVzdGF0ZUBnbWFpbC5jb20=

Take a look at the options $2,000,001 and above, here:
https://matrix.crmls.org/Matrix/Public/Portal.aspx?p=DE-674123027-369&k=3297360X09WF&eml=ZXhlcmVhbGVzdGF0ZUBnbWFpbC5jb20=

04/25/2020

Selling Real Estate is my ♥️🔥

04/22/2020

Would you rather choose a house you love or go with a desirable location?

Here’s something to consider:
Buying a home in a good area is a long-term investment, and the location is one of the most important factors when home-hunting. So, if you are in a safe neighborhood surrounded by good schools, shops, restaurants, and public transport, you’ll have more chances to take advantage of equity growth in the future.

04/17/2020

The California Association of Realtors is reporting that, last week, 12 percent of offers on residential real estate were signed by customers who had virtually toured but never actually visited the home.

04/14/2020

04/14/2020

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already.