Home > Real Estate Articles > Houses for Sale in California-California Online and Public Tax Deed Auctions

Houses for Sale in California-California Online and Public Tax Deed Auctions

Todays Date: October 18, 2018

California is a tax deed state. Unlike most other states, whose fiscal year mirrors the actual year (January through December), California property taxes are assessed for the period between July 1 and June 30. Therefore, instead of a 2008 tax year, you have a 2007-2009 tax year and a 2008-2009 tax year. A first position lien attaches to all real property on the assessment date each year by law.

When buying a vacation home abroad there are a number of key considerations to bear in mind to avoid some of the traps and pitfalls sometimes associated with buying long distance and in an unfamiliar country. With these 5 tips for overseas vacation home buying success you can quickly cut a swathe through the research process and move towards securing the dream swiftly and securely.

Tip One – Learn the Rules and Regulations.Different countries have different rules relating to the right or otherwise of foreign citizens to own the freehold title to immovable property. Some widely publicised destinations don’t allow foreigners to directly own the land on which their property sits (Bulgaria) or more than one property (Cyprus) for example, and some countries are less economically or politically stable than your own which can mean that real estate related rules and regulations may change in the future.

Make sure you’re comfortable with the workings of the country you’re considering buying a vacation home in, and if in doubt seek professional advice about that country and the ambitions you hold for owning a holiday home in it.

But, we trying to save money on our flip did all the work on our time off and after work, and it just took to long. On our 2’nd flip we used contractors for almost everything and had the house completely flipped with a new roof, new air conditioning, new hardwood, and much more in only 3 weeks. We did not have to spend all our time working on the property and were able to spend that time looking for the next deal. This is how you get rich in real estate.

4. Place the property 1 to 2 percent below market value: If you are wanting to flip real estate and make money the object is to buy and sell the property as quickly as possible, so that you can move on to the next house. If you purchase a house and try to sell it at top dollar to make and extra couple of thousand dollars on your flip, and end up holding it for 6 months you are loosing money. Get the house on the market at a price that is going to blow the competition away, and you will sell it no matter what the market conditions.

After the Tax Deed Sale.Successful bidders are awarded a Tax Collector’s Deed. Pursuant to California Statute, this deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, with the exception of liens for subsequent taxes and/or special assessments.

Tip Five – Enlisting Assistance.Consider enlisting the help of a reputable real estate agent, an independent lawyer and if you want to make money from your vacation home, a property management service.

I hope this article has been helpful with the basics needs of flipping a house. If you will study and learn you will make money. But, do your homework before you purchase a house, and make sure that you can pull a profit on your deal. Then, make it happen!

Want to find out more about Houses for Sale in California, then visit Severica Vintila’s site on how to choose the best Real Estate for your needs.

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