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Santa Monica Canyon, Ocean Park, and Sunset Park Weather
Santa Monica's coastal Mediterranean climate provides an ideal atmosphere for taking advantage of the famous California lifestyle. Centered on three miles of wide, white sandy beaches, the City enjoys a mild climate averaging about 68 degrees Fahrenheit year-round. Air quality is consistently good in the coastal district that surrounds Santa Monica. Our Summer usually falls in late August, September and October. Winter here, is not what most consider winter. We get a relatively small number of rain storms and that's it! No snow, no ice, no hail, no frost! Spring is lovely and early summer is overcast mornings and mild days (we call it June gloom until noon).
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Canyon, Ocean Park, and Sunset Park Weather Reports Here |
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Closing or Settlement >Net Sheet for Sellers
When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.
Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.
A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.
Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
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