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When considering a home loan, traditional banks often come first to the minds of home buyers, but borrowing from a credit union has some advan…

Real Estate Topics

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There are many people who are “house-rich but cash-poor.” While they could sell their homes to access their equity, they would rather not move. They could also take out a home equity line of credit, but they may not have the income to qualify for the loan, and they run the risk of losing the…

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For the past 20+ years, every few days I make a note of how many homes there are for sale. I also track the number of homes going pending. You know, the basic supply and demand factors. After rising the past few months, the number of homes for sale is declining again. I’ll look specifically …

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It’s pretty common knowledge that your water heater needs to be strapped and you need working smoke detectors when you sell your home. In general, the smoke detectors need to be in every bedroom plus the hallways. If your water heater is “tankless” it still needs to be affixed securely to th…

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If you want to remodel your home, or buy a fixer-upper property, but you are short of cash to make that happen, there are quite a few lending options for you. Most of these programs are available for a home you already own or are considering buying. I don’t have space to go into all the deta…

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The House just revised their proposed tax changes to help pay for the two big spending bills currently being considered in Congress. Remember these are just PROPOSALS.  If either or both of the spending bills don’t pass, they may go back to the drawing board on everything. There are some “ex…

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There is an old episode of “The Simpsons” TV show where Homer has a falling out with Mo, the owner of Mo’s Tavern. Homer yells at Mo, “You just lost yourself a customer!” but Mo can’t hear him over the noise and shots of his VERY full tavern, with more people streaming in the door as Homer t…

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I’ll cover several topics in this article: Eviction update, inventory update and general market trends.

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I get calls from buyers now and then saying they’ve written several offers with their agent and they want to fire them and use me because they are sure their agent is “doing something wrong...” I’ll ask them if their agent is not telling them about properties, not returning calls, not availa…

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It’s common knowledge that you need to do regular maintenance on your car to prevent breakdowns. Oil change, change oil filters, change air filters, change the air in your tires (just checking if you were reading carefully…), make that CHECK the air in your tires, etc.

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“YOY” stands for, “year-over-year.” This is a very common method to illustrate trends. It can be very helpful in a normal situation. For example, if you were to compare this year’s SF Giants professional baseball team to last year’s, you will see improvements in most of the important categor…

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Student loans have been in the news recently with lots of talk about forgiving some or all of the outstanding student loan debt in the United States. Many would-be homebuyers aren’t able to qualify for a mortgage loan because of their student loan debt and the effect it has on their debt ratio.

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Rents have risen tremendously the last few years, and they are still appreciating. This is true locally and across the nation. There are many factors driving this increase.

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Some would argue that the government hasn’t done enough to help people recover from the financial impacts of COVID. Others would argue that the government has done TOO MUCH and wasted a lot of what they are spending. But no one can argue that the government hasn’t done ANYTHING. There has be…

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The shift towards work-from-home has had had MAJOR impacts on how we live and on the economy. This is changing where people eat lunch (at home vs. at a downtown café), what they wear (sweats instead of Brooks Brothers), and I could give many more examples. But one of the biggest impacts is t…

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I’ve had several people ask me if the “coming foreclosure wave” is going to devastate the real estate market just like 2008. What they are talking about are all the loans that are in “forbearance” right now. These are loans where the lender is allowing the borrower to stop making payments fo…

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I frequently get calls or emails from potential buyers asking about one of my listings. Out of professional courtesy, I always ask if they are already working with an agent. This is often followed by a pause, then they say, “...um, no. We don’t really have an agent. We want to go through you…

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COVID infection numbers are dropping and life seems to be heading back towards “normal.” However, certain segments of the economy are still struggling to get back on their feet. Federal and state governments are still trying to provide assistance so I wanted to give you a summary of some of …

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COVID appears to be on the wane, the vaccine is rolling out, restrictions are being relaxed, and large chunks of the American economy are booming. However, unemployment is still very high in certain sectors. Prices for lumber, cars and other consumer goods are spiking. All while the governme…

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This is part 5 in a series of articles I’ve been writing about capital gains taxes in regards to real estate. Today I’ll discuss possible withholding taxes at the time of sale.

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This is part 4 of a series of articles I’m doing about capital gains taxes. A quick summary is that most people can avoid up to $250K in gains as a single filer and $500K in gain as joint filers when selling their principal residence. The IRS defines your “principal residence” as you living …

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This is part 3 of a series of articles I’m doing about capital gains taxes. If you missed either of the first two, contact me and I’ll send you a copy.

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Last week I wrote about how some of my clients are actually running into capital gains taxes on the sale of their residence because prices have appreciated so rapidly the last few years. I wanted to clear up two myths that I often run into.

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Real estate prices have risen so far that some of my clients may owe capital gains taxes on the sale of their residence. This means that their properties have actually gained more than the exclusions ($250K for single filers/$500K for joint filers.)

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During the peak of the COVID crisis last year, the CDC issued a nationwide moratorium on residential evictions if the tenant was negatively impacted by COVID. It was extended several times and is set to expire on June 30, 2021.