A California homeowner who thinks they may have a lien on their property will want to check for one prior to selling. In many cases, a homeowner won't necessarily know if there is a lien without doing a formal search. For instance, those who were involved in new home construction may file a lien without telling the homeowner about it.
As homes in California and throughout the country continue to get more expensive, even midsize cities are starting to become too pricey for buyers. In Nashville, the median home price has increased to $263,000 and saw several years of double-digit price increases. That played a role in net migration falling to 18,700 in 2017. Kansas City has also seen home values increase significantly. In 2017, prices went up 10.3 percent. However, sales dropped 10 percent in that same year.
Sellers in California and in many other parts of the country have the upper hand right now as it relates to the housing market. Homes are selling quickly, and in some case, buyers are engaged in bidding wars to acquire them. However, it is still possible to get a home at a reasonable price even in a seller's market. To do so, it is a good idea to work with a professional real estate agent.
California residents who enter into commercial real estate deals should understand that they have different terms compared to residential transactions. For instance, individuals may see a term called usable square footage (USF). The USF number lets them know how much space they can use to meet clients or produce goods. Examples of unusable space include hallways or exits.
As the owner of a California apartment building, you work hard to make your property as safe and welcoming for your tenants as possible. Like other commercial property owners, you have many laws and regulations to follow, including at the local, state and federal levels. Among those regulations are those related to providing access to those with disabilities.