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  • Area Real Estate, Neighborhood News Blog

    Thursday, August 30, 2018   /   by Chazell Derrick

    How REALTORS® Help...

    1. REALTORS® can help you wade through the cumbersome and often complicated paperwork that goes hand in hand with any real estate transaction, making sure the proper forms are filled out correctly and on time. This includes the crucial purchase agreement, which serves as the contract between a buyer and seller and is used to formally identify a purchase price; list terms and conditions pertaining to the sale time frame; and other details, such as a written commitment by the seller to cover the costs of any necessary repairs.
    2. As members of their local, state, and national trade associations, REALTORS® can tap into the latest technologies serving the housing industry today. This includes websites and multiple listing services, as well as market reports detailing crucial data, such as pricing trends; time on the market; and historical sales activity in your neighborhood. In addition, REALTORS®' broad market knowledge often makes them experts when it com ...

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    Thursday, August 30, 2018   /   by Chazell Derrick

    July 2018 home sales and price report

    California’s housing market retreats for third straight month as affordability crunch dampens demand
    - Existing, single-family home sales totaled 406,920 in July on a seasonally adjusted annualized rate, down 0.9 percent from June and down 3.4 percent from July 2017.
    - July’s statewide median home price was $591,460, down 1.9 percent from June and up 7.6 percent from July 2017.
    - California condominium/townhome median price hit another record high in July at $486,330.
    LOS ANGELES (Aug. 16) – California’s housing market backpedaled in July on an annual basis for the third consecutive month as higher interest rates and rising home prices eroded housing affordability and dampened demand, the CALIFORNIA ASSOCIATION OF REALTORS®(C.A.R.) said today.  
    Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 406,920 units in July, according to information col ...

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    Thursday, March 1, 2018   /   by Chazell Derrick

    New Tax Laws & Home Ownership

    How New Tax Laws Affect Home Ownership

    Mortgage Interest Deduction: Interest is now only deductible up to $750,000 in loan indebtedness (versus $1,000,000 previously). This means if you have a $1,000,000 loan, only 3/4 of your interest is deductible. The cap only applies to new loans acquired after 12/15/2017.

    Second Home Interest Deduction: Many feared the tax changes would eliminate mortgage interest on 2nd homes. However, this deduction is still eligible as long as total indebtedness between the taxpayer's primary home and 2nd home is less than the $750,000 limit mentioned above.

    Rental Properties: The tax changes don't affect rental properties as far as mortgage interest deductibility and property tax deduction caps. Also, rental property owners may be able to achieve the new 20% deduction allowed for businesses. More information to follow in the coming months with future updates.

    Home Equity Loans & Lines of Credit: Despite misconceptions a ...

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    Thursday, August 3, 2017   /   by Chazell Derrick

    5 Things That Make A Good Neighborhood

    5 Things That Make A Good Neighborhood


    When you’re looking for a home, the right neighborhood is one of the most important factors to consider. Here are five things that make for a great neighborhood.


    Schools


    This one seems pretty obvious, but it bears repeating. Good schools are essential to a good neighborhood. Quality schools ensure that families will continue wanting to live in the neighborhood which increases the value of homes.





    Nearby Entertainment & Food


    You’re probably not going to spend every night at home, so you’ll want convenient options when going out, for both activities and restaurants. Check out Yelp or a local blog to get an idea of the level of entertainment and food options.





    Low Crime Rate


    Living in a safe neighborhood is one of the most important factors when choosing a home and is high on most buyers’ lists. There are a number of online resources that can give yo ...

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    Thursday, August 3, 2017   /   by Chazell Derrick

    5 Things To Do Before You Move

    5 Things To Do Before You Move


    Moving is tough for everyone. Organizing, packing, and leaving behind familiarity can be exhausting and overwhelming. Here’s a list of five things you should do before moving to help make your move a little bit smoother.


    Leave Clutter Behind


    Moving can be a great opportunity to clear out some of your clutter and get rid of stuff you really don’t need in the future. Bonus: you’ll also save money by moving less.





    Meet Your New Neighborhood


    Make sure to visit your new neighborhood and find out where important things are, such as the supermarket, restaurants, and medical services.





    Switch Your Utilities


    Setting up a utilities switch to your new location as soon as you move in is an important step that will help you adjust to moving in much quicker.





    Notify Your Car Insurer


    Even if you’re staying in the same city, your rates may differ when you move, and you shou ...

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