Your real estate experiences

I have heard from individuals and families of some pretty terrific experiences either buying or selling properties. For example, I had a family in California express to me that 2 months after escrow closed on an investment property, they received a property tax bill for $3,000. They wanted to know why this issue wasn’t handled through escrow…

What the new buyers learned was they are responsible for paying the first half of the property taxes at the old rate. And that the property tax rate will be adjusted for the new selling price starting next year when the new property taxes are due.

What are your nightmares?

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