I recently spoke with clients who exclaimed that she did not realize they would owe $6000 in taxes on a home they just purchased for $320,000! In todays market many buyers are purchasing homes for less than what the Ventura County Assessor shows as current market value on the tax roll. When a property is purchased and goes into escrow, the escrow company will be prorating property taxes based on the market value shown on the current tax roll. This is very important to understand because if the house that your client just purchased for $320,000 is a bank owned home and is now selling for $320,000 but previously sold for $550,000 several years ago, the assessor may very well have a tax base on the assessment roll of 1% of $550,000 (or approx. $5500 per year.). If so, then the buyer will be prorated on the $5500. HOWEVER, due to the subsequent supplemental tax roll one time billing for new purchases, this property will be reassessed at the lower market value (as of the date of purchase) and a prorated refund will be issued through the supplemental tax billing process.
It is extremely important to realize that your buyer will be out of pocket the extra amount until the new assessment is processed and the refund issued. This process can take up to a year. A phone call to the local assessor could help speed the process by bringing attention to your individual property. Also, remember all requests for reassessments are FREE!! Many people are receiving deceptive solicitations by mail requiring a fee for reassessment. Tell your clients not to be mislead by these official looking offers for tax relief.
Helping with all your Ventura Real Estate needs and Homes for Sale in Ventura!
Hope this information helps! For current real estate listings in Ventura County check out:
During boom time in real estate, purchasing a home gets distorted by the word "profit" and how fast that profit can be accomplished. Thus comes along the term "flip" as well. Buy a home, fix it up and flip it. There were actually people making a living doing this. Was this really a good situation for any of us? Maybe the few that made a bit of fast cash would say so, but what occupation do they have now? And in the long run didn't this driving up the prices so quickly have an awful impact?
Let's think back to when the very first homes were constructed....now picture this...no more igloos, tents, homemade log cabins....but actually homes being built in multiples for people to purchase. These homes were purchased for protection, security, ease of living and long term enjoyment. Security, warmth, comfort and amenities are really good reasons to purchase a home!
Yes, now IS a good time to purchase a home, but for different reasons than that overnight profit syndrome.
Ventura County is a place where the Livin' is Easy.....beautiful beaches, sunsets, views, weather, entertainment, food, cultural events etc....let's continue to make this a great beach community to live in. Put down roots and stay awhile.....
Currently for sale!
Well, it is definitely spring in Ventura County and there are so many fun and enjoyable activities coming up that are not to be missed.
April 23-26 is the big Tennis Tournament in the Ojai!
April 25-26 is the downtown Artwalk in Ventura!
April 30-May 9 is the Music Festival with so many talented artists playing in and around Ventura
May 16 & 17 is the Strawberry Festival in Oxnard.....YUM!
Get tons more information on all these activities at: http://www.venturatoday.net/currentevents.html
You can't help but love this place! Home purchases are up for spring, so if you are thinking of purchasing.... now is the time. We are experiencing more purchasing activity and homes in the $300-500 thousand range are moving quickly often with multiple offers. I love living here and know you would too!
For all your Ventura Real Estate needs: http://www.JanisCalkins.com
I love Ventura County and Ventura Real Estate! Having been in this career for over 36 years says enough for itself! Whether buying or selling Ventura property my promise is to leave you satisfied and
Beautiful Ventura 
County, California includes Ventura, Oxnard, Santa Paula, Camarillo, Oak View and Ojai. With over Thirty Years working in the Real Estate profession, first as an Appraiser and later as an Agent, I have developed the expertise to analyze and evaluate values in a changing market place. I can help you pinpoint a price where both buyer and seller optimize their results. This is highly important in a volatile market both for Buyers and Sellers. Contact me to help you find a great deal on current bank owned homes in Ventura County!
Taking Pride in providing Active, Trustworthy support on a Daily Basis directly to my clients is my priority. I am Always Available!. Your Referrals are what mean the most to me. Don't keep me a secret! Tell your Friends and Neighbors about me. Finding a Real Estate Agent with Appraisal experience is indeed a rarity that sets me apart from other agents.
I specialize in Ventura County Real Estate, including Ventura homes for sale, Oxnard homes for sale, Camarillo homes for sale, and also foreclosures and bank owned homes. I have lived in Ventura County since 1973. I have experience with the trends in Ventura County Real Estate, having worked for the local County Assessor for many years. Working to negotiate the best price and conditions for you as you purchase is my goal!
All Residential Property, (Unique, Small, Large, View, Acreage, Beach) in the Ventura County, California area is what I Market and Sell Best! The combination of Psychology (BA;Univ. of Missouri) and Real Estate (AA Ventura College) and over 15 State Board of Equalization Appraisal Classes provide each of my clients with the Comfort of Knowing I have the Knowledge of Real Estate Combined with the Technique Necessary to Market and Sell their home.
"As an Agent, she performed above and beyond my expectations; some examples include: Working on her own to do research and view available homes in my price range; Working with me to determine my needs in a home and what I was looking for; Answering any and all questions to make me feel at ease throughout the home buying process; Working around my schedule to be available at any time to meet or view homes." Jonathon Emis
" Despite being over 350 miles away, Janis was never more than a phone call or email away. Although last minute complications arose, she even managed to close our escrow early. You can't go wrong with Janis!" David Busse
" Janis is very professional and always alert to find what you want. She's the best!" Leticia Gonzales
"We had heard horror stories of Real Estate agents just listing a house and never doing anything to make a sale, but you proved to be a Real Estate Agent that is very supportive, always available and looks out for her client. We would refer you to anyone who needs to sell their home in a quick manner and would like the best price for their home." Tom and Velonda Lancaster
"Very Professional and Honest" Tim Frost
"Friendly, Courteous, Very Knowledgable, was very good at Communicating, returning phone calls." Mark Morris
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