Posted in Real Estate Information on Jun 26th, 2008 1 Comment »
These are common questions I hear at open houses or from calls off my signs. The answers are simple how much are you willing to offer and how motivated are you to buy. To be honest these aren’t bad questions, just ones that aren’t going to get you very far in terms of negotiating. Almost [...]
Posted in General Information, Real Estate Information on May 31st, 2008 1 Comment »
In this ever changing real estate market buyers are looking for value and validation of price. Fortunately, the real estate on the San Francisco Peninsula may provide one the best values in terms of gas savings. Everyone knows about hybrids and fuel efficient cars, but how about the value in driving shorter distances. Regardless [...]
Posted in Real Estate Information on May 29th, 2008 No Comments »
I was asked recently if it’s possible to purchase a home that’s not on the market, or prior to it going on the market. Sure it is, as long as you and the seller can agree on the price and terms. Agreeing on the price is the easy thing, but who is going to pay [...]
Posted in Real Estate Information on May 24th, 2008 No Comments »
This is a very common question I am asked at every open house. To answer the question very simply, a short sale is owned by private owners who owe the bank more than their house is worth on the open market and a bank owned property or REO (Real Estate Owned…By Lender) is owned directly [...]
Posted in Real Estate Information on May 13th, 2008 No Comments »
The smartest way to buy a home is what I call the “passive/aggressive approach”
Get pre-approved from the bank before looking for a home. It doesn’t cost you anything and the reason is twofold. The first is that you need to know exactly what you can afford up front, not how much you can get a [...]
Posted in Real Estate Information on Apr 28th, 2008 No Comments »
What is a 1031 Tax Exchange?
A 1031 Tax Exchange is a tax-deferred incentive provided by the Internal Revenue System (IRS). It allows an owner of an investment property to sell the property for a similar or “like-kind” for no gain or loss.
For example: If you own a 12 unit apartment building in San Mateo that is [...]