Orange County Real Estate Blog

Straight answers from Dar Mardan, Realtor® + CPA, on selling, buying, taxes, Prop 19 and downsizing in Newport Beach, Irvine and across Orange County.

Home Appraisals in California: What Happens When the Value Comes In Low

Photo: Ariel Blanco on Unsplash What happens if a home appraisal comes in low in California?In California, a low appraisal lets you renegotiate, cover the gap in cash, request a reconsideration of value or cancel if your appraisal contingency is still open. Orange County buyers should know their dea

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How Escrow Works in California: An Orange County Guide

Photo: Jeffrey Clayton on Unsplash How does escrow work in California?In California, a licensed, neutral escrow holder keeps the buyer's deposit and all signed documents until every condition in the purchase agreement is met, then records the deed and releases the money. In Orange County, that usual

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1031 Exchanges in California: Rules, Deadlines and the Clawback

Photo: Ariel Blanco on Unsplash How does a 1031 exchange work in California?You sell investment or business real estate, a qualified intermediary holds the proceeds, and you buy like-kind property within 45 and 180 days. California follows the federal deferral but tracks gain on out-of-state swaps.

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