If you plan to buy or sell a residential home in California, you will likely use the California Residential Purchase Agreement and Joint Escrow Instructions (RPA-CA) contract to specify the terms of the deal and how they will be executed.
Imagine purchasing the lot of your dreams, with beautiful views, in the location you’ve always wanted, and then finding out that you are not allowed to build on it because it’s not a legal lot!
Do you own a property which has appreciated considerably since you purchased it? Have you been hesitant to sell because you want to avoid paying capital gains tax? If you've answered yes to either of these questions you may benefit from using a Deferred Sales Trust (DST). If you are at risk of paying a substantial sum in capital gains tax when selling your home, and if you either don’t quality for or would like
Tech IPO’s: Higher Prices Over the Hill, Bubble-Speculation, and What it Means for The Santa Cruz Real Estate Market
As you may have read about in our newsletter last month, 2019 is slated to produce a long list of multi-billion-dollar IPOs from San Francisco Bay Area heavyweights like Lyft, Uber, Palantir, Pinterest, Airbnb, Slack, Postmates, and Instacart. According to Patrick Howell O'Neill, this will results in a massive and sudden injection of liquid cash into a region already infamous for having the nation’s priciest real estate. While the impact may not be as sudden
Tiny Homes are catching the attention of people all over the country (have you seen the HGTV show Tiny House, Big Living?). Here in Santa Cruz County, we’ve had quite a few clients ask if they can put a Tiny Home on a lot. The short answer is, “it depends”. Read the more comprehensive answer below. What is a “Tiny Home”? A tiny home is typically one that is under 400 square feet, though some
If you are buying or selling your home and have just written or received an offer, there is an important clause to be aware of: Dispute Resolution. Most offers to purchase and sell residential real estate in the state of California are written using the California Residential Purchase Agreement And Joint Escrow Instructions form (RPA-CA). When full executed by you and the other party this contract specifies the terms of your sale, including the purchase
Mobile homes provide an affordable housing option in expensive real estate markets like Santa Cruz and the San Francisco Bay Area. On the other hand, with the value of their land increasing, mobile home park owners have been under more pressure to close mobile home parks and sell their lots to developers. Mobile home lots closed across California. CLICK to launch full interactive graphic. (Data visualization by Katie Kramon/Peninsula Press) Given the shortage of affordable
Did you know that the San Lorenzo Valley Watershed has the highest density of septic systems of any comparable area in the State? This means, if you are buying or selling property in the San Lorenzo Valley (Ben Lomond, Felton, Brookdale or Boulder Creek), you’ll likely have to understand what it means to own and what can go wrong with a septic system. The following are typical questions that buyers and/or sellers will ask when dealing with septic systems:
Did you know that 77% of buyers’ agents reported that staging made it easier for their clients visualize the property as a future home? Additionally, buyers are 40% more likely to walk through a home that they saw online if it is staged. This is why many sellers opt to stage their homes before putting them on the market. For those that don’t know, staging is the practice of styling and furnishing a property to
Did you know that, if you are 62 or older, you may be able to use a reverse mortgage to purchase a home? In this article we cover how you can use the equity in your current residence to purchase property; different Reverse Mortgage options on the market today, and how this financial decision will impact your heirs. Using a Reverse Mortgages to Buy a Home You may have heard of using a Reverse Mortgages
How you price your home will determine if and how long it takes to sell. Pricing it well requires an in-depth understanding of our local real estate market conditions. On average, in 2018, homes that had a price decrease were on market for 69 days and sold for $554 / square foot. Compare that to all homes that sold without a price decrease: on average, they were on the market for 17 days and sold
In the wake of a passionate election season in which affordable housing was one of the major topics of debate, a large housing project was just approved in the City of Santa Cruz. The Pacific Front project is a 205-rental unit housing project which includes ground-floor commercial space and two floors of parking garage. Have you ever heard of Measure O? Under this measure, developers of housing projects must make a certain percentage of their
As 2018 comes to a close, we are starting to see the housing market slow down in California. According to the California Association of Realtors, the statewide sales-to-list price ratio (sales price / list price) has hit the lowest level in 20 months and was down from a year ago: 98.5 percent in September 2018 compared with 99.1 percent in September 2017. We are also beginning to see inventory rise as homes stay on the market longer. Can
We all do it. From time to time, we all procrastinate on our home maintenance and upkeep. What if this year was different? We propose that all those reading this article create an action plan, noting what maintenance and upgrades their home 1) needs most, 2) probably should have, and 3) would be nice to have. Once you’ve made your list and checked it twice, create an action plan for the year (because unfortunately Santa
Sacred Places Real Estate and Schneider Estates incorporate VASTU Wisdom: The house is a temple of living for human being. The space enclosed in a building is Prasada Purushan -- energized building -- Building is a living organism, built of musical units of measure. Our buildings are alive. They are sacred. Is having your home and life become more sacred something you want to learn more about? Connect with us for conscious real estate