Diamond Certified Resource Real Estate Guide
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Read MoreBERKELEY — When it comes to selling real estate, sellers often don’t understand that there’s a difference between list price and sale price. In many cases, a property’s final sale price will end up being quite different from its original list price, whether higher or lower. While a lot of factors play into this, a chief one is how the property is priced at the time of listing. Few sellers realize that a property’s list price is actually a strategic tool that can be used to arouse buyer interest. At the time of listing, a real estate agent will often price a property just below market value. The strategy here is to lure buyers with the low price and attract multiple offers in hopes of starting a bidding war. Read more
SAN FRANCISCO — IRC Section 1031 exchanges have been around since 1921, but up until 1980, you basically had to buy and sell on the same day, which made it a difficult feat to pull off. After 1984, the rules changed: exchangers now had a 45-day period following the close of escrow on a relinquished property to identify a replacement property. While this continues to be the case with 1031 exchanges today, finding the right property within 45 days can be quite challenging, especially with the complexity of today’s market. One way to address this is with a safe harbor reverse Section 1031 exchange, which is a transaction that’s facilitated via an Exchange Accommodation Titleholder (EAT). Read more
SOUTH SAN FRANCISCO — If you’ve inherited a property, you might be wondering whether it’s more beneficial to sell it or rent it. While either scenario has its advantages, there are some important details to consider before making your decision. One of the first things you should do is weigh the financial implications of each option. After all, while selling a property can bring a considerable profit, making it a rental can provide a good source of residual income. In most cases, renovation costs will be the same whether you choose to sell or rent. You should also keep in mind that there are specific tax-related consequences for either course of action. To make an informed decision, Read more
LOS ALTOS HILLS — When selling your home, you can increase its appeal to potential buyers by staging it. Staging is a common real estate sales technique for enhancing a property’s visual attractiveness. Essentially, you want your sale property to look like a model home. Consider the following staging tips: Depersonalize. A key goal of staging a home is to make it easy for buyers to envision themselves living there. For this reason, it’s a good idea to remove any items that might interfere with that—particularly personal items like family photos. By creating a more neutral space, depersonalizing will help facilitate this process. Declutter. Besides basic cleaning measures like dusting and mopping, Read more
