Real Estate News

Source: Los Angeles Times Real Estate News
Real estate website and brokerage Redfin has launched a 1% listing fee for the first time in California, which could save home sellers hundreds of dollars in commission costs. The reduced listing fee rolled out in San Diego in the spring. Redin has tested a 1% listing fee in other [...]
Fri, Jul 14, 2017 1:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
With housing inventories at a historic low, real estate leaders are proposing to amend Proposition 13 to give homeowners a tax break when they sell and thus generate more supply and reduce pressure on prices. The change would apply to the 1978 tax-reduction measure and appear on the November 2018... [...]
Thu, Jul 13, 2017 10:50:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The sale of a storied Los Feliz estate and a $50-million exchange in sunny Malibu were among L.A. County’s priciest real estate transactions in June. $50 million — Malibu The Crummer Estate, an undeveloped, 24-acre property on Pacific Coast Highway, sold in Malibu’s third priciest deal of the year... [...]
Thu, Jul 13, 2017 1:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000. My spouse and her two [...]
Sun, Jul 09, 2017 10:00:00 AM, Continue reading at the source