Homeownership and Tax Breaks
Besides the wealth accumulation that property appreciation affords, tax breaks are another way homeowners benefit from their real estate investments. Here are some facts that set the record straight on the tax advantages of homeownership: Mortgage Interest: Homeowners with a mortgage that went into effect before December 15, 2017, can deduct interest on loans up…
Read moreLos Angeles 4th Quarter Real Estate Market Report
Recently Compass California Real Estate issued a 4th quarter report on the sales activity in the larger Los Angeles area. The report heralds a favorable start to 2020 with overall sales increasing more than 7%, although the average home sales prices varied from market to market. Here is a brief summary of a few areas:…
Read moreIs It The Right Time To Sell Or Buy In California?
People generally believe that the winter months are not the best time to list their home for sale; however, a recent report in Showingtime, a real estate industry magazine, reveals how this year is different all over the country: Buyer activity is way up compared to the same time last year. The West, specifically, saw…
Read moreQ4 2019 Sonoma and Napa Counties Real Estate Reports
Recent Sonoma and Napa Counties real estate statistics reveal a flattening of the market experienced last quarter: Napa County # of closed sales = 276 (1% decrease over prior year) Average sales price: $1.0 Million (9% decrease over prior year) Sonoma County # of closed sales = 1,022 (2% decrease over prior year) Average sales…
Read moreReal Estate Predictions for 2020
At the end of the year all eyes are on the new year. Too bad we don’t have a crystal ball to predict the real estate market of the future. We only have the current situation and historical trends to guide us. Real estate market trends are driven by several factors: inventories, home prices, interest…
Read moreWhat a Difference a Decade Makes!
Just ten years ago, many homeowners were desperately trying to hang on to their homes. Trying to sell a home was considered a nightmare. Buyers were having a struggle to find a financial institution that would lend them the money to purchase or refinance a home. Thank heavens that is all behind us! The fundamental…
Read moreTips To Sell Your House in 2020?
When you finally decide to sell your home, what mistakes should you consciously avoid in order to have the best outcome? Although you are excited to make new memories in new spaces, you still carry deep sentimental attachments to the house you are leaving behind. This emotional dichotomy can result in some costly mistakes. So,…
Read moreShould You Sell or Stay When You Retire?
One of the major decisions facing the newly retired is what to do with their home. Some retirees want to downsize so they have fewer maintenance chores, while others can’t imagine living anywhere else. Still others consider using the equity in their home to buy another smaller home and use their former primary home as…
Read moreCan’t Afford a Professional Stager for Your Home Sale?
While we have all witnessed the dramatic transformations on HGTV when a home is put on the market, we are pretty sure the price is more than most of us can afford. So, what can we do to make our listings as attractive as possible without breaking the bank? Here are a couple of tips…
Read moreLooking to Improve Your Home’s Value?
Are your toying with the idea of selling or staying in your home? Whatever you decide, increasing the value of your home is a win-win. Some improvements you can make will add to the beauty of your home, while others will make it more efficient or more comfortable. Whether you want to build equity in…
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