September 2024 Listings that sell in the first week or two on market typically sell for 5-15% over list. The scatter charts below show a dot for each closed sale by percent the final sales price was over/under the then
Conforming Loan Limits
January 2024 The Federal Housing Finance Agency increased the conforming loan limit to $1,149,825 in Santa Clara and San Mateo counties for 2024. A purchase price of up to $1.4M should qualify for a conforming loan, assuming 20% down payment.
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
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
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