Here are some helpful tips the IRS recently released. REMEMBER TO ALWAYS CONSULT A TAX PROFESSIONAL!
1. You may be eligible to exclude the gain from income on your property if you have owned and used your home as your main home for at least two years out of the five years prior to the date of the sale of your home.
2. If you have a profited from the sale of your primary residence, you may be able to exclude up to $250,000 of … [Read More...]
What Is a REALTOR®?
A real estate agent is a REALTOR® when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS®, The Voice for Real Estate® -- the world's largest professional association.
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
Founded in 1908, NAR has grown … [Read More...]
Adding or converting a second unit on your property can be a great way to increase the value of your home. Doing it legally, albeit more expensive and laborious initially, can save you thousands down the road! The following is a copy of the City of Santa Cruz's ADU Zoning Regulations.
24.16.120 Locations Permitted.
Accessory dwelling units are permitted in the following zones on lots of 5000 square feet or
1. RS-5A, RS-10A
2. RS-1A, … [Read More...]
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~ Kathleen, Santa Cruz
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~ Mary Jo, Santa Cruz