FAQs Overview | Toluca Lake Homes for Sale

What is the Property Tax Rate in Toluca Lake, CA?

The simple answer is 1.25% of the original purchase price in Year 1.  The purchase price, for property tax calculations can go up a maximum of 2% per year during periods when property values are increasing.  This is governed by Proposition 13 in the state of California.  There are some areas that have additional taxes known as Mello Roos.  Toluca Lake does not have Mello Roos.

 

What is the First Step in the Home Buying Process?

Get pre-approved for a loan.  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 qualified Mortgage Specialist.

 

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. This is for the 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 (Comparative Market Analysis) 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 Toluca Lake - Who do I contact?

If you are interested in Buying or Selling Real Estate in Toluca Lake or nearby, contact Todd Riley - Keller Williams Realty - Your Toluca Lake Area Specialist.  818-538-6331 Todd@ToddRiley.com

 

 Todd Riley – Toluca Lake Area Specialist

Todd Riley Toluca Lake Area Specialist