Forum Replies Created
-
AuthorPosts
-
SD Realtor
ParticipantA pretty decent rule of thumb is that homes that are in subdivisions created in the last 15 years are subject to Mello Roos, or shall I say are in Mello Roos districts. It is not always the case but most of the time that will be correct. Mello Roos can add as much as .8% of the purchase price to your property taxes. Your base property tax rate (including other municipal bond fees and such) is about 1.1-1.15% depending on where you live in the county.
If you are looking at new homes simply ask the person in the sales office if the homes are subject to Mello Roos. If you are looking at homes of the quality of the Bridges it may be hard for you to find a subdivision that is not subject to Mello Roos. Buy an older home in RSF or Fairbanks or Solana Beach and those homes will not be subject to MR. Essentially the answer to the grandfather question I guess is yes. Either a home has MR or it does not. If a home was built before MR then it will never have MR. Awhile ago I posted a long post on MR fees in San Diego and had some links to it. You can google san diego mello roos and find really good resources. As you said you do have the option of paying all your MR fees up front when you purchase but that is a hefty buy in and I would advise not to do that and pay as you go. Well actually I have a big issue with MR so I would buy the older home and not pay but new homes are very attractive to people.
Hope this helped…oh yeah and again, any home generally over 15 years will not have MR fees with regards to your question about exempt.
ParticipantA pretty decent rule of thumb is that homes that are in subdivisions created in the last 15 years are subject to Mello Roos, or shall I say are in Mello Roos districts. It is not always the case but most of the time that will be correct. Mello Roos can add as much as .8% of the purchase price to your property taxes. Your base property tax rate (including other municipal bond fees and such) is about 1.1-1.15% depending on where you live in the county.
If you are looking at new homes simply ask the person in the sales office if the homes are subject to Mello Roos. If you are looking at homes of the quality of the Bridges it may be hard for you to find a subdivision that is not subject to Mello Roos. Buy an older home in RSF or Fairbanks or Solana Beach and those homes will not be subject to MR. Essentially the answer to the grandfather question I guess is yes. Either a home has MR or it does not. If a home was built before MR then it will never have MR. Awhile ago I posted a long post on MR fees in San Diego and had some links to it. You can google san diego mello roos and find really good resources. As you said you do have the option of paying all your MR fees up front when you purchase but that is a hefty buy in and I would advise not to do that and pay as you go. Well actually I have a big issue with MR so I would buy the older home and not pay but new homes are very attractive to people.
Hope this helped…oh yeah and again, any home generally over 15 years will not have MR fees with regards to your question about exempt.
ParticipantA pretty decent rule of thumb is that homes that are in subdivisions created in the last 15 years are subject to Mello Roos, or shall I say are in Mello Roos districts. It is not always the case but most of the time that will be correct. Mello Roos can add as much as .8% of the purchase price to your property taxes. Your base property tax rate (including other municipal bond fees and such) is about 1.1-1.15% depending on where you live in the county.
If you are looking at new homes simply ask the person in the sales office if the homes are subject to Mello Roos. If you are looking at homes of the quality of the Bridges it may be hard for you to find a subdivision that is not subject to Mello Roos. Buy an older home in RSF or Fairbanks or Solana Beach and those homes will not be subject to MR. Essentially the answer to the grandfather question I guess is yes. Either a home has MR or it does not. If a home was built before MR then it will never have MR. Awhile ago I posted a long post on MR fees in San Diego and had some links to it. You can google san diego mello roos and find really good resources. As you said you do have the option of paying all your MR fees up front when you purchase but that is a hefty buy in and I would advise not to do that and pay as you go. Well actually I have a big issue with MR so I would buy the older home and not pay but new homes are very attractive to people.
Hope this helped…oh yeah and again, any home generally over 15 years will not have MR fees with regards to your question about exempt.
Participantwaitingtobuy scripps has indeed come down. Different parts of scripps are moving at different rates. Stonebridge has taken some steep losses indeed but that is alot higher end pricing. In general the caminito streets are among the least desireable parts of the area. These are tiny thin lots with super high density homes that are right next to each other. I anticipate these areas to get (or shall I say continue to get) hammered. They may be detached homes but they are at best a very poor substitute.
SD Realtor
Participantwaitingtobuy scripps has indeed come down. Different parts of scripps are moving at different rates. Stonebridge has taken some steep losses indeed but that is alot higher end pricing. In general the caminito streets are among the least desireable parts of the area. These are tiny thin lots with super high density homes that are right next to each other. I anticipate these areas to get (or shall I say continue to get) hammered. They may be detached homes but they are at best a very poor substitute.
SD Realtor
Participantwaitingtobuy scripps has indeed come down. Different parts of scripps are moving at different rates. Stonebridge has taken some steep losses indeed but that is alot higher end pricing. In general the caminito streets are among the least desireable parts of the area. These are tiny thin lots with super high density homes that are right next to each other. I anticipate these areas to get (or shall I say continue to get) hammered. They may be detached homes but they are at best a very poor substitute.
SD Realtor
Participantwaitingtobuy scripps has indeed come down. Different parts of scripps are moving at different rates. Stonebridge has taken some steep losses indeed but that is alot higher end pricing. In general the caminito streets are among the least desireable parts of the area. These are tiny thin lots with super high density homes that are right next to each other. I anticipate these areas to get (or shall I say continue to get) hammered. They may be detached homes but they are at best a very poor substitute.
SD Realtor
Participantwaitingtobuy scripps has indeed come down. Different parts of scripps are moving at different rates. Stonebridge has taken some steep losses indeed but that is alot higher end pricing. In general the caminito streets are among the least desireable parts of the area. These are tiny thin lots with super high density homes that are right next to each other. I anticipate these areas to get (or shall I say continue to get) hammered. They may be detached homes but they are at best a very poor substitute.
SD Realtor
ParticipantHeheheheh… rus rus rus… Okay let me rephrase… bargain with respect to current prices. Some people do not want to wait until the bottom and are in situations where they will purchase sometime this year. Thus they are simply trying to get the best deal possible given that constraint. Locations include Scripps, Sorrento Valley, Sabre Springs, and La Costa Valley.
SD Realtor
ParticipantHeheheheh… rus rus rus… Okay let me rephrase… bargain with respect to current prices. Some people do not want to wait until the bottom and are in situations where they will purchase sometime this year. Thus they are simply trying to get the best deal possible given that constraint. Locations include Scripps, Sorrento Valley, Sabre Springs, and La Costa Valley.
SD Realtor
ParticipantHeheheheh… rus rus rus… Okay let me rephrase… bargain with respect to current prices. Some people do not want to wait until the bottom and are in situations where they will purchase sometime this year. Thus they are simply trying to get the best deal possible given that constraint. Locations include Scripps, Sorrento Valley, Sabre Springs, and La Costa Valley.
SD Realtor
ParticipantHeheheheh… rus rus rus… Okay let me rephrase… bargain with respect to current prices. Some people do not want to wait until the bottom and are in situations where they will purchase sometime this year. Thus they are simply trying to get the best deal possible given that constraint. Locations include Scripps, Sorrento Valley, Sabre Springs, and La Costa Valley.
SD Realtor
ParticipantHeheheheh… rus rus rus… Okay let me rephrase… bargain with respect to current prices. Some people do not want to wait until the bottom and are in situations where they will purchase sometime this year. Thus they are simply trying to get the best deal possible given that constraint. Locations include Scripps, Sorrento Valley, Sabre Springs, and La Costa Valley.
SD Realtor
ParticipantYou have labelled your agent as another intermediary although this intermediary would most likely be your strongest ally. Additionally while you may infer that you will be saving 2-3% in commission in many cases this is not true. In many cases the result will be that the listing broker simply gets the CBB (the cooperating commission) so while you think you saved 2-3%, in reality you did not. Now the converse to the argument is that if the listing agent is going to represent both sides they will most likely fight hardest for your offer since they will make a good haul. You can even leverage them with that knowledge. So if you do submit the offer and agree to dual agency you can ask them what the CBB is that they will be getting. You can thus lower your offer by that amount perhaps. Another alternative is to submit the offer without representation and make it clear you are not being represented. Again, you can submit the offer 2-3% less then you would have with an agent and provide a letter explaining your stance.
As far as what the benefits are to having a buyers agent… I guess my advice would be to ask family or friends. I have found that convincing people of the need for a buyers agent is not worth the time. There are brokers (who give good personalized service) and who also offer cash rebates or credits of portions of the commission so that may be a good compromise as well. There are more detached organizations like redfin or zip that do the same but are not as personalized. My recommendation would be to talk to a few of each type, see what they can do for you, then decide.
SD Realtor
-
AuthorPosts
