If you’re buying a home, property taxes have to be on your radar. Even once you’ve paid off your mortgage or never began with one, you’re on the hook for yearly property taxes and the rates vary greatly from state to state. But where do people pay the most? What do property taxes average in your city? Let’s get to it. What’s a Property Tax, Again? These are the fees real estate owners pay to the county (or other local …
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Since spring of 2020, we’ve seen five major market movers in San Francisco. Let’s get to it. Unusually High Household Movement Chalk it up to population density, housing and living costs, family and quality of life concerns, or new wealth, but whether the pandemic was the catalyst or not, the work-from-home movement exploded over the last year and a half and many people are betting it’s here to stay. The number of buyers for first homes, bigger homes, and luxury …
Wondering what you need to earn to buy a median-priced, single-family home in San Francisco or its neighboring counties? A new report from Compass looks at that figure, breaks down the median monthly expenditures, and touches on affordability issues in the Bay Area. An Annual Income of $300,000+ Residents in San Francisco need to earn an annual income of $350,000. In San Mateo county, it’s close to $400,000. Compare that to the California average of $150,800. The numbers are up …
In light of the ongoing wildfires ravaging California, I’m sharing an alert regarding property insurance policies. From the Alert On August 19, Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium beginning July 16, 2021, which prevents insurance companies from non-renewing or cancelling residential property insurance policies within the specified areas. This is in response to the governor’s emergency declaration on July 16. This action helps over 25,000 policyholders who have been affected by the devastating Lava Fire and the …
It’s no secret that Wi-Fi enabled cameras and mics are inexpensive and easy to set up. And while the home security aspect is the big seller, home sellers regularly and consistently use them to be a “fly on the wall” while their property is being sold. Almost every listing agent has been in the position of fielding comments from sellers about what prospective home buyers have said during showings. The Secret to a Successful Viewing The best approach is to …
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