FAQs Overview | Sherman Oaks Home Values
What is the Property Tax Rate in Sherman Oaks, CA?
The simple answer is 1.25% of your initial purchase price. This is paid twice annually. After the first year, your home can be assessed at 2% above your initial purchase price, then taxed at 1.25%. This continues as long as you own the home and is know as Proposition 13 for the whole state of California.
There are some areas that have additional taxes known as Mello Roos. These areas would have higher taxes.
What is the First Step in the Home Buying Process?
The First Step in the Home Buying Process is getting Pre-Approved with a lender for a loan (unless your purchase is all cash). I can refer you to several local, qualified Mortgage Specialists.
What is the MLS?
MLS Stands for Multiple Listing Service. It is where you can find all Active Inventory of Real Estate for Sale. Click Here for the Best MLS
Who Pays the Brokers’ Commissions?
Generally, the Seller pays the commissions for the Selling Agent (Buyers Agent) as well as the Listing Agent.
How Can I determine the Value of My Home?
We have a great tool called the CMA from Cloud CMA. It can help you determine the value of your home in 2 easy steps! Find it by clicking HERE.
I am interested in Buying or Selling Real Estate in Sherman Oaks - Who do I contact?
If you are interested in Buying or Selling Real Estate in Sherman Oaks or nearby, contact Todd Riley - Equity Union Real Estate - Your Sherman Oaks Real Estate Agent 818.538.6331 Todd@ToddRiley.com
Todd Riley – Sherman Oaks Area Specialist