So the voting is over and California Proposition 19 won by the narrowest of margins, but it still won. But what does it actually mean to you? How is it going to affect your real estate transactions? I think in 2021, when Prop 19 really starts to get rolling, it is going to be a game changer for a lot of folks. It’s because even if you’re not one of the people who can take advantage of the new rules, it’s still definitely going to affect you and your real estate transactions. To get an overview about how it’s going to affect you, watch my video and read my overview of the new, special rules below.
Anyone who is looking to buy a home in the Bay Area will benefit from this content.
Today we’re talking about Joe Biden’s tax plan and what I think it means for East Bay real estate. Whether you voted for Joe Biden or not, we’re looking at a new tax plan. In this video, we’re going to cover some of the high level things that they’re talking about, and what I think those might mean for you, as someone who might be buying or selling real estate here in the East Bay.
Is the bay area housing bubble going to pop soon? My prediction? No. Because we’re actually not in a bubble.
Before you make a judgment on this video because it’s a real estate agent talking about how we’re not in a bubble, just give me a chance first to tell you what I’m seeing. I did a bunch of research this week on this exact topic because I was going to make a video about how the market is a bit over inflated and we’re probably going to crash because that’s what everyone else is doing on YouTube.
As a homebuyer, have you ever experienced reading descriptions of properties, only to find out upon walking in that it’s nothing like advertised? It’s the old bait and switch that a lot of realtors do in their real estate ad. In today’s video, let’s talk all about the words that we, as realtors, use to get people to come and look at the property, get all excited before they walk in, and what those words really mean.
If you’ve ever written an offer in a competitive real estate market, like what we have here in East Bay, you’ve probably come across this very standard practice of writing the seller a buyer love letter. It’s very common and it’s actually something that’s part of almost every offer that gets submitted here. Recently, however, the California Association of Realtors just came up with a Fair Housing and Discrimination Advisory which states that basically prohibits writing one, if you’re a home buyer, or reviewing one, if you’re a seller. How can this potentially affect you if you’re planning to buy or sell your home? Watch my video below and keep on reading.
Is it possible to buy your dream home if you have less than 20% of the down payment saved up? The median property in East Bay typically costs around $800,000. Therefore, a 20% down payment would mean that you need to have $160,000. However, that still does not factor in all your closing costs. Now that’s a lot of money to save, especially when rent and other expenses are high. This makes 10% and 5% down payment options super attractive and a topic that pops up in almost every real estate agent’s YouTube channel. But is it really possible to purchase your dream home with this type of down? In today’s video, let’s talk about the things and strategies you need to know if you’re going to pursue a low down payment home.
Are you planning to add solar to your property or make an offer to a property that has solar in it? Solar power systems are near and dear to my heart as I used to sell them before, when I was training for the Olympics. In this video, let’s talk about solar power systems– does it really increase your property’s value and how it can change your buying or selling process.
A lot of people think that investing in a rental property is one of their best investment decisions. Since I also own investment properties in East Bay aside from selling residential real estate and single family homes, this is a topic that’s very near and dear to my heart. So if you’re thinking about buying your own investment properties in East Bay too, here are a list of things to think about that I’d like to share with you before you start shopping for your first investment home.
A lot of times, my clients are always asking me “Hey! How do I know how much cash do I need to bring in to close this deal outside of my down payment?” Today, I’ll walk you through how exactly I estimate these closing costs using the Buyer’s Net Sheet Tool of my go-to company, Placer Title Company.