What Should You Do If Your Property Taxes Are Too High?

Tax season is officially here, and I want to go over a few important things you should know about property taxes.

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Tax season is here, so I want to discuss a few things about property taxes and what to do when you have some questions on those. 

If you plan on buying anything or getting a loan in the next couple of years, how you file today or in the next few months will have a huge impact on what you qualify for on future loans. 

People write off a lot of items. Whether you are a business owner or you have the ability to write income down or defer things, make sure you give us a call if you are thinking about buying an investment property or primary residence. We have to make sure that you have enough income on there to qualify for whatever home you are looking to purchase. 

There are a few other things you should know with regard to property taxes. 

July 1 is the beginning of the tax year for property taxes. October 1 is when tax bills are mailed. The first installment is due November 1. December 10 is the final due date you have to make if you don’t want to pay any penalties. 
If your property tax bill is too high, we can help you challenge it.
Then, the second installment is due February 1. April 10 is the last day for you to pay the second installment without penalties. 

Then, June 30 is the end of the tax year, and everything starts back over on July 1.  

If you get a property tax bill and you believe that it’s too high, let us know. We can help you challenge that.

If your property tax bill is too low, then keep that to yourself! 

If you believe that your bank is supposed to pay your property taxes because you pay impounds, and that number seems to be off or there’s not enough in the escrow account to cover it, keep an eye on that stuff. This is especially important in the first few years of homeownership because the bank can go way off and end up having to assess you additional fees or bump your payment later on. 

If you have any other questions about property taxes, just give us a call or send us an email. We would be happy to help you.

How Does the Santa Clarita Market Look as 2017 Draws to a Close?

As 2017 draws to a close, now is a great time to check in on the Santa Clarita real estate market. How do the latest numbers look?

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We are charging into the end of the year. There is just a month left in 2017, so I wanted to share some of the latest numbers from the Santa Clarita real estate market, as well as a few exciting things for you to look forward to.

Inventory is going a little crazy right now. That said, we are seeing a bit of a slowdown in the market as we head into the holidays.

Typically, the market slows down around the holidays, picks up in mid-January or early February, and then slows down again for a bit when school lets out. Then the market is hot all through summer, slows down when kids go back to school, picks up again for a bit, and slows down during the holidays again.

We didn’t see the cycles in our market a few years ago since there were so many foreclosures and short sales, but in the last couple of years, we have started to see those typical market cycles. That is good news.

Although things have slowed down a bit for now, there are still some good options out there.

There are 375 active homes in Santa Clarita as of the filming of this video. That is a really low number considering that we are closing 325 to 350 homes each month. As a result, we probably have one month of inventory available. At best, we have six weeks. This means that if no new homes came on the market, we would sell out in a month or six weeks.

There are 580 pending sales in escrow right now, and 223 homes have closed so far this month.

Now, let’s break down those active listings:

  • 90 active listings in Valencia 
  • 21 active listings in Stevenson Ranch
  • 39 active listings in Newhall 
  • 120 active listings in all of Canyon Country 
  • There are just under 30 active listings in Castaic 
  • 70 active listings in Saugus

Something to consider is that 223 of those active homes have been on the market for 60 days or less, which means about 150 of them have been on the market for over 150 days. If you’re curious how these numbers impact your personal situation, please don’t hesitate to reach out to me. 
We have about one month of inventory—six weeks at most.
Now, there are two exciting things I want to share with you.

First, we’re rolling out a new website in the next couple of weeks. You will get a notification once it’s ready. We are so excited about the new features on this site. We’ll even have password-protected areas for our VIP clients, friends, and family members.

Next, we are adding to our client appreciation program in 2018. Right now, we own popcorn machines, tables, chairs—anything that you might use or rent for a party, which you can borrow from us for free. We want to add at least one item to our party supply each month as we roll into 2018.

We have more exciting news for you in the future, but we just have to finalize a few things first. If you have any ideas on which items we should add to our party inventory, please let us know.

As always, if you have any real estate questions, just give us a call or send us an email. We would be happy to help you. Happy Holidays!

Where Are the Best Holiday Lights in Santa Clarita?

One of the best things about the holidays is all the pretty lights. Here are just a few places where homeowners are taking things to a whole new level.

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It’s almost Christmas. Can you believe it? We are looking forward to serving you in the new year, but before we get there we want you to know about some great holiday lights around town. Each of these places is right here in Santa Clarita, so you and your family can pack up in the car and check them out for yourselves:

Cotton Blossom Lane, Royal Oaks Rd., and Stevenson Ranch. These streets are all next to one another and they boast over 55,000 lights for you to see. Pretty much any street in this area off of Hope Parkway or Hemingway is great.

27841 Crown Circle. This is an eight-house courtyard where the whole community gets together to put on an amazing light display. They even pass out hot chocolate for the people passing through!

Essex Place. This is right off of Hillsborough Parkway. This amazing street is also known as Reindeer Lane. You’ll see Santa’s reindeer scattered throughout the displays. Keep an eye out for Rudolph and his shiny nose!

Homestead Place. This street in Saugus Canyon has a special place in my heart because it’s the home to some of our favorite clients, the Ang family. You’ll see lights strung back and forth between the houses and some really amazing decorations.

Wakefield Court. This is also in Saugus Canyon and affectionately known as the “Wakefield Winter Wonderland.” This is quite possibly the most popular street in Santa Clarita as far as Christmas lights are concerned.
We encourage you to check out all of these places.
We hope you take the time to enjoy a few of these places this holiday season. If you have any questions for us or any real estate needs in the new year, don’t hesitate to give me a call or send me an email. I would love to hear from you.