Fremont Real Estate Blog

FREE HOMEBUYER EDUCATION WORKSHOP   Learn how to create a budget, repair credit, and how to shop for a lender at ECHO Housing's upcoming homebuyer education workshop on  November 19 from 9:00am to 5:00pm . This course satisfies HUD's Homebuyer Education requirements for federal, state, and local Below Market Rate housing assistance programs.  The deadline to register is November 17. For more information and to register, visit:  https://www.echofairhousing.org/ -- Sunil Sethi  /  REALTOR,  Broker, MBA www.sunilsethi.com BRE #01173766                              

My sales passed me this useful information regarding California withholding from real estate proceeds. California has been withholding the prepayment of taxes for real estate transactions involving non-residents for many years. As of January 1, 2003, the withholding laws were amended to also apply to the dispositions of California real estate by both residents and non-residents. The State regulations regarding withholdings on real property sales is a little different from the Federal withholding of foreigners under the FIRPTA guidelines. For the State, the law is written such that all real property being sold requires the payment of tax at the close of escrow in an amount equal to 3.33% of the Sales Price. An Alternative Calculated Amount can also be used. The amount is withheld by the Settlement Agent from the Seller's account at the closing of the transaction and sent to the Franchise Tax Board (FTB). The withholding applies to all Sellers, whether they are U.S. citizens, permane

I added more schools to see how their acceptance rate compared to Fremont's school. I added Milpitas High, Pleasanton schools, Dublin Schools and San Ramon Schools. Table 1 - represents acceptance into any UC Table 2 - represents acceptance into Berkeley Table 3 - represents acceptance into UCLA Table 4 - represents acceptance into Davis I sorted by highest acceptance rate. Table 1 tells you the top four were all private schools. Table 2 - Berkeley: Two private schools in Fremont produced the highest acceptance rate. Table 3 - UCLA: Two private schools produced the highest acceptance rate, with Amador Valley in 3rd place. Table 4 - Davis: Two private schools hold 1st and 2nd place. It's interesting that the acceptance rate is higher from private schools than public schools into the UCs. I don't think it's a bias against public schools. My guess is self selection and advanced courses offered. -- Sunil Sethi  /  REALTOR,  Broker, MBA www.sunilsethi.com BRE #01173766