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Tax Reform Law Chart:

Prior Law vs. New Law

The recently passed Tax Reform Bill will have implications on your future taxes. Above is an informative comparison of the prior tax laws from California Association of Realtors' website,

Mark Your Calendars 

February 2nd - PMCA 1234: Free First Friday - Pasadena Museum of California Art @ 12:00am-5:00pm 

February 2nd - Love is in the Air hosted by OUE Skyspace LA - OUE Skyspace LA Downtown Financial District @ 7:00pm-9:00pm 

February 3rd - Old Pasadena Historic District Tour - Old Pasadena @ 9:00am-11:15am 

February 3rd-25th - Camellia Month at Descanso Gardens

February 4th - PCC Flea Market - PCC Campus West Side @ 8:00am 

February 4th - Storrier Sterns Japanese Garden, Historical Overview @1:30pm-5:30pm

February 9th - Blue Planet: Seas of Life: Open Ocean - Beckman Auditorium @ 10:00am 

February 9th-11th - The 51st California International Antiquarian Bookfair - Pasadena Convention Center 

February 10th - Community Service Day - Descanso Gardens @8:00am-10:30am 

February 10th - Children's Workshop - Cactus Cupcakes - The Huntington Library, Art Collections, and Botanical Gardens @9:30am-12:30pm

February 10th - Hands-on Kombucha Brewing - LA County Arboretum Oak Room @ 10:00am-12:00pm

February 11th - Rose Bowl Flea Market - Rose Bowl Stadium @ 4:00am-2:00pm

February 11th - Art Adventures Tour My Valentine - Norton Simon Museum @ 1:30pm-2:30pm 

February 14th - Valentine's Day at the Huntington - The Huntington Library, Art Collections, and Botanical Gardens @ all day 

February 14th - Valentine's Day Dinner at Maple - Descanso Gardens @ 6:00pm + 8:00pm 

February 14th - Valentine's ala Bacchus Menu - Bacchus Kitchen @ 5:00pm-10:00pm

February 14th - Anti-Valentine's Day Celebration - Tap & Kitchen @ 5:00-10:00pm

February 14th - JD Hall and The Barry White Symphony Orchestra - The Rose at Paseo Colorado @9:00pm 

February 15th - The Fifth Dimension Performs at The Rose - The Rose at Paseo Colorado  @9:00pm

February 17th - Lunar New Year at the Huntington - The Huntington Library, Art Collections, and Botanical Gardens @ 10:00am-5:00pm

February 18th - The Bird Walk - Eaton Canyon @ 8:00am 

February 18th - Chinese New Year Festival - The Huntington Library, Art Collections, and Botanical Gardens @ 10:00am-5:00pm

February 20th - Pasadena Police Activities League's "Cause an Effect" at Chipotle - 3409 E. Foothill Blvd. Chipotle location @ 4:00pm-8:00pm 

February 21st - Painting with Nan Rae - The Huntington Library, Art Collections, and Botanical Gardens @ 11:00am-3:00pm 

February 24th - Awesome 80s Run - Rose Bowl Stadium @ 8:30am

February 24th - Friends of the Altadena Library Pop-Up Book Sale - Altadena Library District @ 10:00am-4:00pm

February 24th - Tea Mixology Workshop - Descanso Gardens @ 1:00pm-3:00pm 


Contract Corner 

Buyer’s Inspection Elections

Typically, when buying or selling a property, there is an inordinate amount of paperwork. One commonly used form regarding home inspections following the acceptance of an offer is the Buyer’s Inspection Waiver (BIW). However, there is a separate C.A.R. form called the Buyer’s Inspection Elections (BIE) which provides a more extensive list of possible inspections that buyers may choose to conduct. This form consists of over 30 potential inspections which include plumbing, electrical, roof, sewer, pool/spa and various others. This contract is formatted as a “yes” or “no” check-off sheet for the buyer to specify areas of concentration. Although this is not a commonplace form in standard transactions, it certainly has a place with sales involving dated homes with questionable maintenance and/or upkeep.

Although buyers are not required to present a BIE to the seller, it may prove beneficial to do so to ensure satisfaction. It is important to recognize that even if a buyer selects “no” for an inspection on the BIE, the option to carry out those inspections still remains available provided it is in the inspection timeframe.

Navigating through the labyrinth of details and information of a transaction is exactly why you, savvy buyers and sellers, need an experienced team. The SARKISSIAN + PERERA GROUP is here to help guide you through this process and ensure that you achieve all of your real estate goals! 

Copyright© 2018 Berkshire Hathaway HomeServices California Properties (BHHSCP). All rights reserved. Any unauthorized reproduction or use of this material is strictly prohibited. This information is believed to be accurate as of February 1, 2018. It is not intended as a substitute for legal advice in individual situations, and is not intended to nor does it create a standard of care for real estate professionals.

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