Newport Beach, CA Real Estate News

By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
Buying a property to fix up, or a fixer-upper as it is known is now popular than ever before. Many homeowners are buying a second property hoping to make some extra money. For instance, you can buy a fixer-upper and rent it out to make extra income. Alternatively, you can flip it once you have finished fixing it up.Choosing the Right Fixer-Upper For YouWhen it comes to buying a home that is in need of repair, there are many things to bear in mind. However, there are some simple rules that you should follow.Should you purchase any property? No, you should be as selective as to when it comes to buying a home with deferred maintenance as you are when you buy a turn-key property. It is easy to take on too much when it comes to buying a fixer-upper.When you first look at a property, you shou...
Comments 7
By Anthony Fontana, Tax
(EA Tax Resolutions)
IRS Offer in Compromise has finally been accepted after about a year and a half ! Client's original tax debt of $131,894 was just settled with IRS for $3,638! The IRS offer in compromise may sound to good to be true, but it isn't, this program works to settle tax debt. To see if you or someone you know qualifies for the IRS Offer in Compromise, feel free to give our office a call or check out our Youtube video explaining exactly how the IRS will settle tax debt.  Anthony Fontana EA800-245-0596www.eataxresolutions.com4630 Campus Dr #203Newport Beach, CA 92660
Comments 0
At our tax office in Orange County, CA we represent clients before the IRS to help them with tax compliance and to resolve their back tax debts. One of those options is the uncollectible status or the Currently Non-Collectible Status, CNC. What is the Currently Non-Collectible Status, CNC?The CNC is a status the IRS will code taxpayers accounts’ when the taxpayer can prove that they have no equity in available assets and their income is lower than their IRS allowable expenses. Once taxpayers have been placed in the currently non-collectible status, the IRS will no longer take any levy actions. This means the IRS will not take money from your bank accounts or from your wages.Keys things to know is that the CNC status does not actually resolve the back tax issue once the CNC status has be...
Comments 1
By Anthony Fontana, Tax
(EA Tax Resolutions)
Tax Debt Options – Currently Non-Collectible, Offer in Comprmise, or Installment Agreement. When clients come to our office in Orange County, CA for with tax debt, we first make sure they are tax compliant, then discuss options to resolve their tax debt. We start this process by learning about the client’s current financial situation. This will tell us what the best route to take to resolve their tax debt. We can then teach our clients why a certain tax debt relief option would be more beneficial than another and everything involved in that relief option. The 3 options the IRS has to resolve your tax debt are:       Currently Non-Collectible Status        Offer in Compromise        Installment Agreement   Currently Non-Collectible Status:In simple terms the Currently Non-Collectible Sta...
Comments 0
Can’t tell you how many times, clients come by our office in Orange County, CA in need of tax help and have no idea where all their documents are. This should not stop you to settle your taxes. Copies of the tax forms like W-2 or 1099 Misc. and others are filed with the IRS, and you have access to them! Not only are these available, these are important to obtain when trying to settle your back taxes. It reminds us what income you have made throughout the years and serves as a guide on where to obtain additional information, if need be.What are IRS Transcripts?IRS Transcripts are records of information that is being recorded at the IRS on your account. They obtain information like any tax balances, tax payments made, income that has been reported by third parties, and any collection acti...
Comments 1
 At EA Tax Resolutions we teach our clients in Orange County, CA about the IRS 10-year collection statute and the importance it has on our strategy to resolve their back taxes.The IRS has 10 years to collect on your tax debt after the tax has been assessed. Once that 10-year mark runs up, you are clear and free of that tax debt. Now, many people might think they can run from the IRS until the 10-year mark, however this is not easy to do, and not something we recommend. However, the 10-year collection statute, or as the IRS like to call it the Collection statute expiration date (CSED), has a very important role in the process of resolving our tax debt.The reason we always have the CSED in mind when planning a strategy to resolve back taxes is because the IRS uses this date when figuring ...
Comments 1
The first step we take when a client comes to us in Orange County with tax debt, is to find out from the IRS if they are tax compliant. The reason we need to find out if our client is tax compliant, first, is because the IRS will not accept any offers to resolve your back taxes until you are in full compliance with the tax law, and not accruing new tax debt.So, what is tax compliance?Tax Compliance in the eyes of the IRS is: All tax returns for the prior 6 years have been filed Taxpayer is making sufficient payments toward current tax year through either paycheck withholdings or estimated tax payments Once you are tax compliant with the IRS, we can then work on resolving your back taxes. We have the options of either settling for less than you owe with the IRS through what called an Off...
Comments 0
By Anthony Fontana, Tax
(EA Tax Resolutions)
Once you have received the IRS notices CP 501/503/504 as discussed in my previous blog, the next, and Final IRS notice or letter you will receive if you have not done anything is the IRS Letter 11 or Letter 1058. The final IRS notice of intent to levy on letter 11 or letter 1058 will come certified mail, and should not go ignored. We highly recommend that you contact a tax professional if you receive an IRS letter 11 or 1058. If the final notice of intent to levy does not get responded to within 30 days on the date of the notice, the IRS can start coming after you bank accounts, or wages. The IRS final notice of intent to levy letter 11 or 1058 will come with you rights for a “Collection Due Process Hearing” or CDP. In order to request the hearing, the IRS Form 12153 (which comes with y...
Comments 4
By CA COASTAL ESTATES Lauren Selinsky Perez CRS, "Your Real Estate Broker" #oclauren
(California Coastal Estates)
Newport Beach Farmers Market Sundays | Lauren SelinskyOur Newport Beach Farmers' Market is an ultimate Southern California experience, located right next to the beach on the Newport Beach Pier. Just steps away from the famous Dory fish market and beachfront shops and restaurants, this market is a staple for locals and a reason to make Newport Beach a Sunday destination!Hours: 9-1 PM every Sunday rain or shine! (SUNDAYS ONLY)Want to live in Newport Beach? Search for homes and then call Lauren Selinskyhome search now Newport Beach area specialist, Lauren SelinskyNewport Beach Realtor, Lauren SelinskyNewport Beach real estate broker, Lauren Selinsky
Comments 7
By CA COASTAL ESTATES Lauren Selinsky Perez CRS, "Your Real Estate Broker" #oclauren
(California Coastal Estates)
FOR LOVERS OF GREAT JAZZ, WINE, FOOD & SUNSETS! Combine a summer outdoor evening and ocean views with table service offering wine & food selections together with world-class jazz artists, in an intimate setting, and you have the 10th Anniversary of SUNSET JAZZ AT NEWPORT summer series!11 Wednesday Nights - July 10 thru September 18, 2019The Jazz Cruise & Blue Note at Sea, the world’s only full ship charter cruises dedicated to “Straight-Ahead & Contemporary Jazz”, together with jazz impresarios Joe Rothman and John McClure, present the 11 week series of Wednesday nights, starting July 10 and concluding on September 18, at the Newport Beach Marriott Hotel & Spa. Media sponsor will be the nation’s #1 jazz station- KJAZZ. YAMAHA is the official piano of Sunset Jazz at Newport!Taking place ...
Comments 2
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
110 Marine Ave, Newport Beach, CA Get Directions Click Here Description Photos Maps & Local Schools Print Reviews More $ Click for current price 5 BEDROOMS | 5 Baths (5 full ) BATHROOMS | 2700 SqFt Nestled at the end of historic Marine Avenue on Newport’s Balboa Island 110 Marine is the perfect home in one of the most desirable areas of Newport Beach. This 3 story cottage provides all the amenities you could want. Once you step through the white picket fence to your new home you’ll enjoy the enchanting living area with a bay window overlooking Marine Avenue, beautiful exposed beam ceiling and dining area. The enclosed patio off the kitchen area offers a secluded area for entertaining guests or alone time. The kitchen features stainless appliances and a 5 burner gas stove. Fall in love ...
Comments 1
By Connect CRE, ConnectCRE
(ConnectCRE)
Connect OC – The Premiere CRE Event of the YearConnect Orange County is back, better and bigger than ever. Join OC’s best at the Resort at Pelican Hill for networking, conversation, leadership insights and a real take on what’s happening in the market.Connect Orange CountyThursday, August 22, 2019The Resort at Pelican Hill #ConnectOC
Comments 0
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
110 Marine Ave, Newport Beach, CA Get Directions Click Here Description Photos Maps & Local Schools Print Reviews More $ Click for current price 5 BEDROOMS | 5 Baths (5 full ) BATHROOMS | 2700 SqFt Nestled at the end of historic Marine Avenue on Newport’s Balboa Island 110 Marine is the perfect home in one of the most desirable areas of Newport Beach. This 3 story cottage provides all the amenities you could want. Once you step through the white picket fence to your new home you’ll enjoy the enchanting living area with a bay window overlooking Marine Avenue, beautiful exposed beam ceiling and dining area. The enclosed patio off the kitchen area offers a secluded area for entertaining guests or alone time. The kitchen features stainless appliances and a 5 burner gas stove. Fall in love ...
Comments 0
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
110 Marine Ave, Newport Beach, CA Get Directions Click Here OPEN HOUSE Fri, 4:00PM to 7:00PM Description Photos Maps & Local Schools Print Reviews More $ Click for current price 5 BEDROOMS | 5 Baths (5 full ) BATHROOMS | 2700 SqFt Nestled at the end of historic Marine Avenue on Newport’s Balboa Island 110 Marine is the perfect home in one of the most desirable areas of Newport Beach. This 3 story cottage provides all the amenities you could want. Once you step through the white picket fence to your new home you’ll enjoy the enchanting living area with a bay window overlooking Marine Avenue, beautiful exposed beam ceiling and dining area. The enclosed patio off the kitchen area offers a secluded area for entertaining guests or alone time. The kitchen features stainless appliances and a ...
Comments 1
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
110 Marine Ave, Newport Beach, CA Get Directions Click Here OPEN HOUSE Thu, 3:00PM to 6:00PM Description Photos Maps & Local Schools Print Reviews More $ Click for current price 5 BEDROOMS | 5 Baths (5 full ) BATHROOMS | 2700 SqFt Nestled at the end of historic Marine Avenue on Newport’s Balboa Island 110 Marine is the perfect home in one of the most desirable areas of Newport Beach. This 3 story cottage provides all the amenities you could want. Once you step through the white picket fence to your new home you’ll enjoy the enchanting living area with a bay window overlooking Marine Avenue, beautiful exposed beam ceiling and dining area. The enclosed patio off the kitchen area offers a secluded area for entertaining guests or alone time. The kitchen features stainless appliances and a ...
Comments 5
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
115 Marine Ave, Newport Beach, CA Get Directions Click Here Description Photos Maps & Local Schools Print Brochure My Reviews FREE Home Values $ Click for current price 3 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1600 SqFt This beach cottage is exquisitely located at the end of Balboa Island on the highly desirable Marine Avenue. World famous for its many fantastic shops, restaurants and attractions, Balboa Island is one of the best places to call home in Orange County. You’ll love the short walk to the bay, or hailing a ride on your boat. This two unit cottage provides dual bedrooms downstairs along with a full bath, granite counters in the kitchen and a full laundry wash room shared with both units. Above the garage is a secondary mother-in-law unit perfect for use as a rental or addi...
Comments 0
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
115 Marine Ave, Newport Beach, CA Get Directions Click Here Description Photos Maps & Local Schools Print Brochure My Reviews FREE Home Values $ Click for current price 3 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1600 SqFt This beach cottage is exquisitely located at the end of Balboa Island on the highly desirable Marine Avenue. World famous for its many fantastic shops, restaurants and attractions, Balboa Island is one of the best places to call home in Orange County. You’ll love the short walk to the bay, or hailing a ride on your boat. This two unit cottage provides dual bedrooms downstairs along with a full bath, granite counters in the kitchen and a full laundry wash room shared with both units. Above the garage is a secondary mother-in-law unit perfect for use as a rental or addi...
Comments 0
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
115 Marine Ave, Newport Beach, CA Get Directions Click Here Description Photos Maps & Local Schools Print Brochure My Reviews FREE Home Values $ Click for current price 3 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1600 SqFt This beach cottage is exquisitely located at the end of Balboa Island on the highly desirable Marine Avenue. World famous for its many fantastic shops, restaurants and attractions, Balboa Island is one of the best places to call home in Orange County. You’ll love the short walk to the bay, or hailing a ride on your boat. This two unit cottage provides dual bedrooms downstairs along with a full bath, granite counters in the kitchen and a full laundry wash room shared with both units. Above the garage is a secondary mother-in-law unit perfect for use as a rental or addi...
Comments 0
By Fred Sed, Your Southern Cali Realtor, Why? Because Fred Se
(Fred Sed Group ~ Your Premier Southern California Realtors)
110 Marine Ave, Newport Beach, CA Get Directions Click Here Description Photos Maps & Local Schools Print Brochure My Reviews FREE Home Values $ Click for current price 5 BEDROOMS | 5 Baths (5 full ) BATHROOMS | 2700 SqFt Nestled at the end of historic Marine Avenue on Newport’s Balboa Island 110 Marine is the perfect home in one of the most desirable areas of Newport Beach. This 3 story cottage provides all the amenities you could want. Once you step through the white picket fence to your new home you’ll enjoy the enchanting living area with a bay window overlooking Marine Avenue, beautiful exposed beam ceiling and dining area. The enclosed patio off the kitchen area offers a secluded area for entertaining guests or alone time. The kitchen features stainless appliances and a 5 burner ...
Comments 2
By Sharon Paxson, Newport Beach Real Estate
(Sharon Paxson, Realtor® EQTY Forbes Global Properties)
If you are considering selling a home and it is vacant because it is either an investment property, and the tenants have moved out, or the sellers have already moved to a new home. There are some considerations to keep in mind. Secure All EntrancesVacant homes can attract vandals and vandalism. You will want to ensure that all entrances are secured. Be sure to consider a security system and cameras to keep an "eye" on things. If you are using a lockbox on the property, then be sure to utilize an electronic lock box so that it records who is entering the home each time it is opened.Vacant Homes Lack Emotional AppealBuyers have a harder time to imagine themselves living in the house, and they will often struggle to figure out if their furnishing "fit" and will work.At the very least, havi...
Comments 6