If you ask the Buyer or Seller in most real estate transactions to define an Earnest Money Deposit (EMD), they will likely describe it as a down payment put toward the purchase of a property. While an EMD may eventually be applied to the purchase price of a home, its true purpose is something entirely different. In short, an EMD shows the Seller tha...

• calendar_month May 7, 2020
• category Legal Corner
• post 3051 Saint Albans Dr Rossmoor, contingency, deposit, EMD, loan contingency, purchase agreement

        As the COVID-19 crisis began in California, concern grew among lawmakers of potential widespread evictions due to the potential economic ramifications created by the virus. State and local governments were directing individuals to stay at home and encouraged social distancing.  These state and local directives would necessarily impact businesses ...

• calendar_month May 8, 2020
• category Industry
• post California Evictions, coronavirus, COVID-19, Eviction, Landlord, Pandemic, Tenants

We have some incredibly exciting news! JohnHart Real Estate is purchasing a fleet of Tesla vehicles for our agents to use while they are showing properties. We believe in Tesla’s mission “to accelerate the world’s transition to sustainable transport.”  JohnHart Vice President John Maseredjian said, “This collaboration with Tesla is an opportuni...

• calendar_month May 9, 2020
• category Celebrity
• post California, JohnHart Real Estate, Luxury, Luxury Real Estate, real estate, Rossmoor real estate, tesla

    When purchasing any real property, one must not ignore the importance of how the property is titled. Many will simply check the box next to the form of title they hear the most, without really knowing what it means. However, the way title is held may have consequences several years down the road and could subject one’s heirs to significant costs. In this article...

• calendar_month May 11, 2020
• category Industry
• post California Probate Code Section 5642, Probate Court

In 2019, the millennial generation (those born from 1981-1996) became the largest generation in the United States, finally surpassing the baby boomers. While exact numbers are not available, projections had the famed Millennial generation reaching 73 million members. (For those interested, Generation X is projected to overtake Boomers in 2028).  Delayed Until Further Notice Statistic...

• calendar_month May 20, 2020
• category Industry
• post affordability calculator, benefits of owning, credit rating, equity, homeownership, Los Angeles Real Estate, Orange County real estate, renting

Before COVID-19 hit, most people couldn’t tell you the definition of a force majeure clause. Simply put, a force majeure clause excuses a party from performing under a contract, if their performance becomes implausible or impractical, because of some unforeseen or unanticipated event. These uncontrollable events are also known as “Acts of God”. Parties often place force...

• calendar_month June 3, 2020
• category Legal Corner
• post California Law, coronavirus, COVID-19, Force Majeure Clause