6 Signs You’re Ready To Sell Your Home

6 Signs You’re Ready To Sell Your Home

  Many factors can impact the decision to sell your home, but how do you know when it’s the best time to sell?  Here are six surefire signs it’s time to sell your home now.   Most of us don’t plan to stay in our first home forever.  Maybe not even the second or third home.  But knowing when it’s the right time to put your house on the market can be tricky. If you’re lucky, a life event like a new job, new marriage, new child, will force the issue and compel you to make a move.  But without...Read more
Property Tax Benefit For Seniors

Property Tax Benefit For Seniors

Two California initiatives provide senior residents with property tax savings.  If you are over 55, find out how to transfer your property tax rate to a new home!   California has a program where senior residents can roll-over low property tax rates to a new home, a practice that saves homeowners thousands per year.  For example, my grandparents purchased their home in the 1960s for about $80,000, paying about $1,000 per year in property taxes.  After 40 years, the same home was worth about $400,000.  If my grandparents, who were by then senior citizens, wanted to sell that house and...Read more
Demand Wanes For Luxury Homes

Demand Wanes For Luxury Homes

  A surplus in the market of high-end homes may mean big deals for homebuyers.   The U.S. has seen a growth in inventory of high-priced homes.  Homes for sale between $500,000-$750,000 rose 15.9% in March compared to the same time last year, according to the National Association of Realtors®.  Homes over $1 million rose 12.6% year over year.  But many of these high-priced homes are lingering on the market for months and not fetching the desired purchase price. The real estate market in the U.S. is strengthening, for sure, but consumers are much more wary post-recession.  Stock market volatility ...Read more
What Is A Home Warranty?

What Is A Home Warranty?

  Whether you are buying your first home or selling a home and moving into another, a home warranty could be a valuable protection for your finances and your peace of mind.   A home warranty plan appears on the standard California purchase agreement under “other costs,” and may be paid by the buyer or seller in the transaction.  Many buyers opt for a home warranty plan, which average $350 to $500 for a basic warranty and $100 to $300 more for a warranty with extra protection. Buyers, particularly first-time buyers, like the fact that they can rely on a...Read more
How To Hire A Moving Company

How To Hire A Moving Company

  You've decided to hire movers.  What do you do now?   What’s the worst part about a new home?  The move!  But you’re an adult now; it’s time to stop banking on your friends and any acquaintance with a truck to help lug your furniture across town (and offering pizza and beer as compensation).  There are scores of moving companies out there for hire to fit your needs and your budget.  Full Service If you are particularly lazy and have some extra cash to burn, a full service moving company is the way to go.  Not only will they...Read more
Features That Sell A Home Fast

Features That Sell A Home Fast

  Does your home have what it takes to attract buyers for a quick sale?   Experts predict that 2016 will be a true seller’s market, as we have already seen for the first half of the year.  But that doesn’t mean that just any old house will sell for top dollar prices.  Most homes are a unique mosaic of attractive features and frustrating flaws.  Whether or not the “pros” out-weigh the “cons” will help determine how quickly your place will move. A study by Realtor.com looked at millions of listing records from the past three months and evaluated them...Read more
Home Staging 101

Home Staging 101

Professional home staging can help you get top dollar for your listing.   If you’ve been visiting open houses recently, chances are you come across a staged home or two.  Professional home staging has grown in popularity and we are now seeing homeowners and investors alike enticing buyers with curated spaces in just about every price range.  Why Stage A Home? Only 10% of prospective buyers can visualize a home looking any different than the way it looks when they walk in the door.  They need help.  Staging a home can help buyers imagine the property as a future home,...Read more
Why Are Home Sellers Spooked?

Why Are Home Sellers Spooked?

  In the heart of the busiest season for housing, homesellers are pulling back.   Inventory continues to be tight in many markets, so what has potential home sellers pulling back when buyer demand is reportedly so high?  Inventory fell 3.2% in April from last year, the seventh-straight month of declines, according to Redfin. Inventory is at historic lows in some west coast communities, and given the lack of new listings, it will likely go lower. Low mortgage rates, job growth and other drivers have stoked buyer demand, but the supply of homes for sale — especially in the low-to-middle...Read more
Ideas For Every Backyard

Ideas For Every Backyard

  Backyard ideas that will add style, functionality and value to your home.   It’s time to prepare for summer!  Outdoor patios and living spaces will soon be occupied with people hosting neighborhood barbecues and various social gatherings. That also means that prospective homebuyers will be looking to take advantage of homes that are adequately prepared to host an outdoor event. So whether you are a homeowner or a rehabber, the summer months offer the perfect opportunity to upgrade your backyard. It has become increasingly difficult to distinguish lavish interior living spaces from functional outdoor lounges. The lines that once...Read more
$500,000 Tax Exclusion For Homeowners

$500,000 Tax Exclusion For Homeowners

  Homeowners can exclude up to $500,000 from income taxes on the sale of a primary residence   Taxes can take a serious toll on a home sale, and will quickly eat into your profit if you are not setup properly.  Fortunately for homeowners, the tax code recognizes the importance of home ownership by providing certain tax breaks when you sell a home that is your primary residence.  Amount of Exemption Federal tax code allows a certain amount of the net proceeds from the sale of your primary residence to be excluded from taxation.  For an individual, the exclusion is...Read more