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
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
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