Below is a 2-bedroom Condo built in 1986 in mostly original condition. Interesting to see the dramatic difference. Can you imagine how much less it would have sold for without the makeover? Living Room – the first room you see when you
Single Family Home Makeover
Below is a 1960’s ranch-style home that was in original condition. We did a complete makeover that generated 50 prospective buyers, 12 offers and sold for $900,000 (30%) over list price. Interesting to see the dramatic difference. Can you imagine
Townhome Makeover
Below are details on the makeover of a 3-bedroom Townhome prior to going on market. The results were outstanding. Buyers and agents alike complimented us on a great job and a wonderful townhome. The $50k front-end investment resulted in 50
The math behind rent vs. buy
Homeownership is considered to be one of the great wealth creators available, second only to stock options. The math below shows that owning a home can create close to $1M in personal wealth over 10 years! Monthly Cost of Home
Conforming loan limit is $970,800
The Federal Housing Finance Agency increased the maximum amount for a conforming loan to $970,800 in Santa Clara and San Mateo counties for 2022. This is an increase of 18% from the limit of $822,375 in 2021. Assuming 20% down
Proposition 19: Property Tax Transfer
Below is an explanation of how Prop 19 changes your ability to transfer your existing property tax base to a new residence, as summarized by the California Association of Realtors. How does Proposition 19 change the rules on tax basis
What is affordable to you?
A necessary exercise for first-time home buyers and interesting for existing homeowners thinking about upsizing. Financing is the primary question: How large of a loan do you qualify for? Knowing this, you add-in the down payment amount, optimize between the
Interest-free Loans to Increase Home Value
Compass offers an interest-free, no-fee loan of up to $75,000 for sellers to maximize the resale value of their home. This can be used for most anything you deem necessary. The loan is paid-off through escrow, so out-of-pocket cash is
Mt. View-Svale: market update
The Silicon Valley real estate market has returned to near-normal levels. Below is a look at the Mountain View-Sunnyvale market for single family homes. Charts show the monthly numbers for 2019 and 2020 YTD, per MLSlistings. Median Prices – are
Downsizing with Bridge Loans
Many senior homeowners entertain the thought of downsizing to a smaller home. A home that requires less ongoing maintenance and lower monthly expenses. A smaller yard to prune. Smaller rooms to dust. A single-level for sore knees. Or to move