Real Estate Irvine
Investing in Real Estate in Orange County is a big undertaking. There are systems, regulations, disclosures, inspections, legal, tax and capital gains consequences of each and every transaction. Who regulates the real estate market? And who enforces those regulations? Are the regulations different depending on whether the property is a Condo, an investment property like a Duplex or Triplex, or a Single Family Home? Are they different if you are an investor or a home owner? Government Agencies offer a source of information that can seem overwhelming, a maze of data and confusion of propositions.
How does it apply to you and your goals? We can help you answer that question.
As members of the National Association of Realtors (NAR) as well as the California Association of Realtors (CAR), the McMillion & Associates are themselves regulated by the Department of Real Estate (DRE). As licensed Salespeople and Brokers, we regularly access the records of DRE, and other government agencies such as the County Assessors office and the Orange County Association of Realtors (OCAR). We have long established relationships with Affiliates in our network as resources for the specific tax information for the various scenarios that occur during real estate sales transactions. If you need to defer gain from selling investment property, we can help you gain access to experts who can help guide you through the process of transferring your tax base. Or perhaps, quite simply you are one of our first time home buyers, looking to use the aid of government backed mortgage money to get your foot on the property ladder. Either way, we are here to help.
Did you know that a homeowner over the age of 55 is entitled to a one time transfer of their property tax bill from their old house to their new house when they sell their primary residence and move to a home of equal or lesser value?
Did you know that a Teacher in a low performing school is entitled to apply for financing through The Department of Housing and Urban Development (HUD) for over 100% financing, at under market interest rates? Similar programs exist for a multitude of first time home buyers, as a way of helping middle income residents of Orange County achieve their home ownership dreams. |
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