Who is responsible for paying the "supplemental tax" bill?

You already put down a huge down payment when buying a house... you are tapped out.

But then, SURPRISE… here comes a supplemental tax bill in the mail!

It's terrible, but it's part of the home buying process and you have to pay it.

I know the pain... I had to pay that bill myself when I bought my home.

Keep in mind everyone pays a different tax amount, so make sure to ask your real estate agent (or me, wink wink) what the tax amount will be for the home you are interested in buying.

That way there are no surprises, and you can budget for that bill and your down payment.

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All I need is a 15 minute sit down meeting with your friend to show them what I do to sell homes.

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Is the holiday season a good time to sell property?

Homebuyers are very frustrated and upset that their offers have not been getting accepted.

Some buyers give up... but most are getting more focused than ever.

They are determined to get their offer accepted before the year ends.

These types of buyers along with low inventory will make for an interesting end to 2019.

Home buyers will be focused this holiday season

It's been a bit of a battle for homebuyers in 2019.

They have faced heavy competition from other buyers and prices going above the asking price.

Many of them have heard "sorry, your offer has not been accepted" at least once.

Heading into the holiday season, they are now focused.

They know how the market is and are ready for war.

I am expecting a hot end to the typically slow 4th quarter of the year.

Episode 31 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) I heard the Holiday season, in general, is not a good time to sell a property. What are your thoughts?

2) I bought my home a couple of months ago and now all of a sudden I received a "supplemental tax" bill in the mail. Who is supposed to pay that tax bill, me or the previous homeowner?

3) Which month is better to put a home up for sale, January or February?

4) I'm about to close escrow and sell my home. Do I have to hire a professional cleaning company before I move out?

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Most expensive home to sell this week in Sherman Oaks

Asking price: $2,899,000 Selling price: $2,750,000.

This newly constructed home is incredible!

It's a modern/farmhouse style home that is very much in demand in the Valley.

It's brand new construction, so I'm not surprised that it was the most expensive home to sell this week in Sherman Oaks.

Cheapest price per sq. ft. home in Studio City

The price per square foot of this home was calculated by dividing the asking price of the property by the square footage.

This particular home has the cheapest price per square foot for the entire city of Studio City.

Many factors should be considered when buying a home. Before putting in an offer, you should always see how the price per square foot on the home you like compares to other recently sold homes in the area.

Cheapest house to sell this week in Burbank

Original List Price: $775,000 Selling Price: $666,666.

These motivated sellers unloaded their property for more than $100K below their original asking price.

The home needs a complete remodel, but because of the fairly good location (the closer you get to the airport the less desirable the property is) and the decent size of the home, the buyers should see a nice return on their investment.

Once we find a buyer for our home, is it safe for us to move out?

After reviewing the buyer's purchase agreement, you will most likely find that the buyer's purchase contingencies will all be removed by day 21 of the escrow period.

After all, contingencies are removed, it is fairly safe to start moving out.

I say fairly safe because a buyer could still back out of the deal after their contingencies are removed.

Most buyers don't do that because if the contingencies are removed, you as the seller can go after the buyer's deposit.

The buyer's deposit is usually 3% of the purchase price.

So if the home is $1,000,000 the deposit is $30,000.

Most buyers would continue with the purchase rather than lose $30K... but you never know.

In my opinion, it's reasonably safe to start moving out once all contingencies are removed.