Primary Mortgage Insurance (PMI)

Primary Mortgage Insurance (PMI) is an added insurance policy for homebuyers who make down payments on their homes that are less than 20%. The monthly PMI fee you pay protects the lender if you are unable to pay your mortgage. How It Works If you make a down payment of less than 20%, PMI will be part of your monthly mortgage payment. The cost of PMI varies based on the amount you owe on your mortgage compared to its value and your credit score. You can expect to pay between $200-$300 per… Read More

Proposition 60 and 90

Transfer of Base Year Value for Persons Age 55 and Over The Propositions allow a person who is over age 55 to sell his or her principal place of residence and transfer its base year value to a replacement dwelling of equal or lesser value that is purchased or newly constructed within two years of the sale. These propositions are implemented by Revenue and Taxation Code section 69.5. Proposition 60 allows for the transfers of a base year value within the same county (intracounty). Proposition 90 allows for the transfers of a base… Read More

Home Inspections, Why?

What is the purpose of a Home Inspection?Many people misunderstand the purpose of a home inspection. Home inspections are an instrumental part of the home buying process that can save you a lot of time and money in the long run. Here are some great reasons to have a home inspection before you buy: 1.Don’t Judge a Home by Its Facade Especially for those buying newer construction, a home inspection may feel like a waste of money. No matter the age of the home, there can be costly troubles unknown to the… Read More

Top 4 Renovations for Greatest Return of Investment

If you are planning on listing your home in the next three to six months, and don’t know what project you should invest in, consider the following top 4 renovations for greatest return of investment. Garage Door Replacement – A clean and good looking garage door tops the list when it comes to getting cash back on your investment when you decide to sell your home, according to the 2019 Cost vs. Value Report. (Source: BANKRATE) Remember, your driveway and garage are the first things buyers will see when they pull up… Read More

China economy cooling.. will impact California home prices.

We here in the west coast get a significant source of home buyers from China.. a sustained negative environment there will impact house prices here. BUT, the tech job market is equally robust, per various internal company projections, so there is some leeway, If job markets are stable, no adverse news on H4-EAD visa and trade dispute gets settled with China, we are in for a very strong early 2019..

Is it a good time to Buy? (in SF Bay Area)

If you are buying it as an investment, then I would say hold-off bit longer.. even though prices have softened, the rent to value ratio is still low. But, if you are looking for a primary residence, getting squeezed by rents, your job profile is strong, then yes, this is a very good time.. We are seeing more choices, willing sellers are open to taking offers as they come..

What if any are the tax advantages to buying income properties?

Tax questions are best answered by a CPA or a CFA (Certified Financial Advisor).. Setting that caveat aside, I can speak from more of a personal experience, as well from years of advising & transacting with Clients of a Real Estate Brokerage.. The biggest advantage to owning  rental income properties comes from the tax treatment if you own them for at least 2 years and it has been rented out (not your residence). You are allowed to roll any profits from the transaction into a tax-deferred account, from which, if you re-invest… Read More