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New Home Buyer Information You Need to Read

October 8th, 2007 categories: 1st Time Buyer, Home Buyer, Real Estate, Real Estate Tips, Realtor, Sacramento

Transfer Tax A Midtown Downtown Home Buyer who recently bought his house is the focus on todays Sacramento REAL Estate article.

Let’s call the new First Time Home Owner, Joe. I dropped by to see how Joe was getting along in his new house in Midtown last week and I think he is very glad I did.

Joe suggested that we have dinner at Waterboy at 2000 Capitol Ave which was positively delicious. Waterboy changes their menu each month and uses fresh local produce during the meal preparation…yum and it’s good for you, too!

During dinner Joe told me that he had received his tax bill that need to be paid by October 10th. As a new First Time Homeowner, I was surprised that he would receive his Supplemental tax bill that soon and thought it quite unusual. So, I pressed the conversation, more.

Joe repeatedly told me that the tax bill he received was called Transfer Tax and not Supplemental. I asked if he was sure about the name TRANSFER TAX. Joe was certain that this bill was called Transfer Tax and it was in the amount of $1300 +. The amount was a dead give away…Joe was correct it was the Transfer Tax.

The kicker here is that Joe should not have been getting a bill for the Transfer Tax. This bill is paid during escrow by the Title Company. I told Joe, I would take care of it and get back to him in the morning.

I have to interject here and tell you about where we had dessert in Midtown. It was wonderful and very nostalgic, Ricks Dessert Diner at 2322 K Street…forget the diet when you go there! This is a place not to miss.

Sorry, I digress…getting back to Joe’s tax issue

After contacting the Title Company that handled Joe’s purchase of his Midtown Downtown Sacramento home, the Title officer confirmed that the Title company paid the Transfer Tax and would take care of notifying the County with proof of payment.

One thing I have learned over the years in Real Estate is that taxes are something every Home owner whether a new first time home owner or a seasoned home owner, it is YOUR responsibility to make sure that not only are your taxes paid on time but if there is a mistake, it is YOU who needs to notify the proper sources.

Joe is a happy new First Time Home owner…he now has more money than he did last week! So, all you First Time Home Buyers need to be very careful, chose the right Realtor and make sure you rely on them as a good source of information. We are here for you, so give us a call.

Lessons Here are: When you receive a tax bill or have questions about your home, first contact your Realtor. They may be able to save you money, time and headache.

Always check your tax bill, mistakes are made ALL the time with tax bills. When in doubt, call your Realtor.

Other Real Estate Tips:

What Home Buyers Want in a House for 2007

What Are the Great Neighborhoods?

Property Taxes-Something for Homeowners to Consider

Homeowner Tips and Home Buyer Tips

Ask Real Estate Question – Sept. 12, 2007

Ask Your Real Estate Question – July 31, 2007

Things are A Changing in the Real Estate World

First Time Home Buyers in Sacramento-Congratulations!

First Time Homebuyer’s Check-off List-Part 1

First Time Homebuyers Check-Off List-Part II-Write An Offer

New Home Buyers for El Dorado County-Set Up Your Utilities

Home Buyers Moving to Placer County-Set-up Your Utilities

New Home Buyer for Sacramento-Set Up Utilities-Sacramento County

Home Buyer in Sacramento Buying in Granite Bay Speaks Up

Selling Your Home?

Zillow for a Zestimate…Yes or No?

Important Buyer Information

How to Sell Your House

Christmas in February

Remodel or Move

Should I Remodel…How Much Do I Get Back?

Do You Pay TOO Much in Property Tax?

Are You Ready for the Freeze?

What Does a Realtor Do When I Want to See A House or Condo?

This entry was posted on Monday, October 8th, 2007 at 4:35 am and is filed under 1st Time Buyer, Home Buyer, Real Estate, Real Estate Tips, Realtor, Sacramento. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Debbie Cook said at October 8th, 2007 at 2:53 pm
Gena,
Your blog looks so different then the last time I saw it - I like it - been doing some renovating on it? It looks great.
Gena said at October 8th, 2007 at 3:18 pm
Debbie, I love change and Sacramento Real Estate continues to change and reflect the Sacramento area.

Thanks for popping by.
Ginger Wilcox said at October 8th, 2007 at 6:25 pm
Thankfully you stay in touch with your past clients so they remember to use you for the great resource that you are!
Marty Van Diest said at October 8th, 2007 at 9:56 pm
Good job. You saved this guy some money. I’m impressed that you stopped by to see him. Do you do that with all your clients?
Jennifer Kirby said at October 9th, 2007 at 7:03 pm
Gena - love the look of your blog. Can you email me and let me know how you made the sticky notes for property search and map? They are some of the best I have seen!
Gena said at October 9th, 2007 at 9:45 pm
Ginger, in Joe’s case it was definitely in his best interest that I showed up. He feels money ahead, now.

Marty, yes I did and I guess that means another dinner? If I don’t get by than I call. I actually miss my past clients and the great times we had together.

Jennifer, tomato will be so happy to hear that. Consider it done.

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