Cash For Keys – Evictions, Buyouts, And More…
With many of my clients and investors we are often faced with many decisions when buying a property that is tenant occupied. It is very difficult to move tenants out due to rent control, tenant advocacy groups and other variables but the best case scenario is that both parties agree to something mutually beneficial. I […]
Capital Gains Exemption + Prop 19 = Success Formula For Sellers
Most homeowners are familiar with the benefits of the capital gains exemption they enjoy when they sell their home. Live in the property at least two years, then enjoy a capital gains exemption of $250,000 for a single person or $500,000 for a couple on the appreciated value. This is in fact one of the […]
Can You Buy Before You Sell? YES! Let’s Review your Options…
I have so many clients that would love to buy a new home, but they ask me how they can move before selling their current property. Luckily, I have been very creative in these situations and always seem to find a way to make it work. 1. Writing a Lucrative Contingent Offer In this market, […]
Buyers Paying Down Interest Rates To Afford Homes
There are many creative ways that buyers are creating the means to get into their dream home and buying down the interest rate is one of many strategies. Paying extra money in the beginning of the loan can be applied to lowering the interest rate on the entire mortgage. The interest rate buy down can […]
Buyers Are Rushing To Get Into Homes As Interest Rates Rise
The federal reserve has kept interest rates artificially low while the economy recovered and employment numbers have reached early 2020 levels. Now that this recovery is in effect, and inflation is beginning to creep up, the fed is abandoning its zero interest rate benchmark. The changes seem very small to the casual observer, but over […]
Buyers Are Getting Frustrated… I Have Solutions
As the year progresses and interest rates continue to climb, many potential home buyers are losing faith they will be able to find a property that will be a good fit for them. The higher interest rates and low inventory means making sacrifices that may not make sense compared to a year ago. The good […]
Buyer Advantage: Seller Concessions Offer Significant Value
Even in a low inventory market there is still a lot of room for negotiation when closing a transaction between buyers and sellers. Seller credits and concessions are often the way a deal can close smoothly with both sides being satisfied. Understanding what type of concessions are available helps a buyer know where they may […]
Ask For Seller Credit Or Submit A Lower Offer?
With the market shifting this year, buyers have much more leverage when negotiating a deal. Usually if there are items to be repaired on the inspection report there is a case for asking the seller for a lower purchase price, or to request a seller credit at closing to cover these expenses. I always advise […]
Why Real Estate Is Still The Best Investment Option
The economy has gone through a big shake up since the year began. Interest rates are rising, the stock market is stagnant, employment is up, but inflation is still lingering. New investment opportunities like cryptocurrencies and NFTs have encouraged a younger generation to get interested in investing. The one investment that has still continued to […]
When Can Off-Market Property Transactions Benefit Buyers Or Sellers?
Many of my transactions have been off market property sales where either the buyer or seller can benefit from a home not going on sale to the public. Even with the surge in prices and low inventory over the last year, there are often special circumstances where not putting a home on the market makes […]