by Jeff Pittman | Feb 26, 2014 | Homes
116 Via Koron has officially been sold. The new owner is excited and plans to start construction on one of the homes...
by Jeff Pittman | Feb 22, 2014 | Homes
We started demolition on 116 Via Koron in Newport Beach this week. It took them about an hour to knock down this 3,400 square foot...
by Jeff Pittman | Feb 13, 2014 | Buyers
We all know that Orange County real estate is desirable, offering tons of luxury home markets, great year round weather and laid back suburban life just a short commute from big cities and fun. If you are thinking of buying a home in Orange County, these are some important tips and tricks to be aware of. 1. Mello-Roos Taxes What is Mello-Roos you ask? Back in 1978, California passed Proposition 13 which limited property taxation and so in 1982 the State Legislature got creative and passed Mello-Roos taxes to help raise money for developing communities. These taxes are levied as part of the annual property tax bill and paid each month to pay back bonds taken out by a city or county. The bonds taken out by a city or county are for construction and improvements such as building roads, supporting schools or developing infrastructure. Some home buyers are terrified of Mello-Roos, but there’s no need to panic when you see this pop up in a home sale. Listen to the facts and realize there are more than a few advantages to buying a home with Mello-Roos. First of all, Mello-Roos bonds do not last forever; the payment can extend anywhere from 30- 7 years when the bond is first taken out and depending on how long ago the bonds were taken out, a particular home may only owe for another few months or so. Also, communities with Mello-Roos are great family friendly cities because they are supported and maintained by these taxes. They have greater housing inventory, low crime rates, top-notch amenities like clubhouses and parks and of...
