Property Q&A in 94030 : Real Estate Advice

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Buyer94030, Home Buyer in 94030
Buyer94030 asked:
We found out there is about $17K repair that we need to do due to termite after our offer is accepted. Should we still go w/ our deal or back out? Even if the seller agrees with paying for the repair, what is our impact toward the house in the future? This is house will be our first and we are afraid to go wrong.
0 votes Share Flag Sat Mar 24, 2012 Property Q&A in 94030
Moises Pelayo,  in San Francisco County,...
Moises Pelayo answered:
What would this particular property 110 Oakwood Dr. Millbrae, CA 94030 sell for today?
Brannon, the condition of the property and its attributes do have weight on its value. Over the last few months properties in the Meadows have sold between the mid to high $700K. If y ... more
0 votes Share Flag Wed Mar 23, 2011 Property Q&A in 94030
Jerry Current, Real Estate Pro in Pasadena, CA
Jerry Current answered:
I hear a single owner of property in SF. CA. can get $250k tax credit upon selling; a couple $500k. Is this so and for how many more years? once only?
I think what you're referring to is the $250K/$500K capital gains tax exemption for the sale of one's primary residence. One can claim this every two years, must have lived i ... more
0 votes Share Flag Sun Mar 13, 2011 Property Q&A in 94030
Carolyn Shade, Real Estate Pro in SAN CARLOS, CA
Carolyn Shade answered:
Can property tax for a home purchased in San Francisco, 1977 be transferred to a San Mateo Co purchase? If so, what are the requirements ?
The home puchased must be of lesser or equal value and must be purchased within tow years. There are now only 7 counties who participate in prop 90:
1. Alameda;
2. Los Angeles;
... more
0 votes Share Flag Sun Mar 13, 2011 Property Q&A in 94030
Arn Cenedella, Real Estate Pro in Greenville, SC
Arn Cenedella answered:
I hear a single SF, Ca. property owner can get a $250k tax credit when selling; a couple $500k. Will this expire in future? is it once only?

The amounts you mention are for the sale of a personal residence ONLY.
These are NOT tax credits!
These are the amounts that are excluded from capital gain taxes when a person ... more
0 votes Share Flag Sun Mar 13, 2011 Property Q&A in 94030
Alan Tang, Real Estate Pro in San Bruno, CA
Alan Tang answered:
What is the schoold district?
Hi Carlo,

That would be the Millbrae Elementary School District and the San Mateo High School District.

Should you have any questions or concerns, don't hesitate to call!

Alan ... more
0 votes Share Flag Sun Oct 26, 2008 Property Q&A in 94030
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