Don King's Rancho Bernardo Blog

Recent changes in the IRS codes affect owners of real estate, whether they own just their personal residence or also have investment properties.For the sale of your home, the law still remains that, if you have lived in the property as your principal residence for two of the past five years, you ...

You want to sell your house and walk away with the most money possible. So what commission rate should you pay?Let's start with a little background. Up through 2003, almost every listing was at 6%. So, when escrow closed the listing broker and agent earned 3% of the sales price and the buyer's br...

One of the first things you need to do after your purchase offer is accepted is to have the home inspected. So here are things you need to know regarding your home inspection.Timeframe. Unless a different timeframe was negotiated, in California you have 17 days from offer acceptance to complete a...

Have you considered moving up to a larger home? If so, now may be the perfect time to go for it.There is an old adage in real estate that says, "Buy Up In A Down Market". So what does this mean? Let me demonstrate with an example.The average move-up buyer purchases a new property that is 50% high...

Whether you are selling or buying a home, you need to know how contingencies work.The California Real Estate Purchase Contract gives the buyer 17 days from the date their offer is accepted to investigate the property. This period is negotiable but cannot be reduced much below 10 days and still gi...