Sacramento Realtor has Oral Surgery and Request for Repairs.

Sacramento Realtor has Oral Surgery and request for repairs

Sacramento Realtor has Oral Surgery and request for repairs go hand in hand. Only in real estate can you not take a few days off to heal up and this was no exception. Two repair requests came in and a boatload of work. Even when we are under the weather our clients come first. One request was so ridiculous that escrow fell apart. The other one had many local ordinances that we wondered how would it close?  The buyer’s agent from Woodland had a list of repair people who did the work at half the cost. The buyer’s agent set all the work to be billed to escrow!  Sheri has been terrific. Luckily my resources helped pull this escrow together, she is terrific. read more

December 2020 Sacramento Housing Market Update

Meet New meeting Join a meeting 1 of 100 December 2020 Sacramento Housing Market Update

December 2020 Sacramento Housing Market Update is another amazing blog by our own Josh Amolsch. This is probably the most interesting blog we have posted in the last year. Enjoy, — JaCi.December 2020 Sacramento Housing Market Update

You should have heard my jaw hit the floor when I first saw the latest numbers from the December 2020 Sacramento housing market update. Maybe I should grow a beard to pad the jaw a little or start wearing a football helmet with a buckled-in chin strap because I sense that the fireworks will continue for the foreseeable future in the Sacramento-Roseville-Elk Grove area. Let’s be real; everyone sees that for the foreseeable future. Please pick up a magazine or click on Google and check it out. read more

December 2020 Sacramento Housing Market Update

What You Should Know About Down Payment Gifts

What you should know about down payment gifts

What you should know about down payment gifts with a mortgage is a fabulous blog written by our preferred lender, Dan Tharp.  Enjoy — JaCi Wallace. With an extreme lack of inventory facing so many of my buyers right now, they need all the help they can get. The biggest obstacle for many is the lack of money for a down payment. Thankfully, one solution is to get some help in the form of a gift from a family member, close friend, or a charitable organization.

As a mortgage professional, I have become very familiar with the IRS code on this topic. There is so much confusion regarding the tax implications of giving a cash gift to help a loved one buy a home. Before I delve deeper into this, a disclosure: I am not a licensed tax preparer and don’t ever want to be one – I have mad respect for tax professionals. This article is not to advise specific tax guidelines but instead give some useful, general information to help lead you in the right direction. Please seek a tax professional for more detail. read more

What You Should Know About Down Payment Gifts

Twas The Week Before Something

Twas the night before something

Twas the week before something is a fresh blog post written by our very own

exclusive buyer’s agent, Josh Amolsch.

Enjoy. — JaCi Wallace

Something is Stirring.

‘Twas the week before something, and all through the land

Shoppers were shopping, with mice in their hand

But registers clanged for those who were about

Yet wrinkly eyes were all they could tout

For under the garment that covered their tongue

Were smiles of hope, from both old and young read more

Twas The Week Before Something

November 2020 Sacramento Area Housing Market Update

Inv Nov.png November 2020 Sacramento area housing market update is a real eye-opener and a must-read written by our very own Josh Amolsch.  Enjoy — JaCi Wallace. The daily chatter I hear in the Sacramento area real estate trenches is that prices are too high. This conversation will likely be the same in a year, supplemented with regret of not buying a home when the opportunity was available. Prices are going to get higher, inventory will remain excruciatingly low and rates are not expected to go any lower than they are now.  If I were buying a home to replace the one I have now, I would focus on the 80% of things that matter to me most instead of focus on the 20% that don’t suit me. That latter is the mindset of scarcity. While inventory is low, there are opportunities all over the place. The buyers that are out there buying homes and driving prices up are persistent and nimble. It only has ever taken me 4 offers to get someone a home. Sometimes it is the very first offer. CDOM Nov.png December usually sees a growing number of Cumulative Days on the Market since buying activity usually slows around Christmas time. But check it out, the numbers are inverted versus last year. Homes are selling 48.5% faster in November 2020 versus November 2019 and for 3.1% more. Merry Christmas, sellers! Also, if you are 55 or over, severely disabled, or had a property damaged by wildfires or contamination.  You can carry-over that lower tax basis to a replacement property anywhere in California per Prop 19 that passed on Nov 3rd. This goes into effect next year but really is just an extension of prop 60/90 that has been law since 1986. Median Nov.png It’s tough out there. I totally get it. But just as a White Christmas in Sacramento would require a miracle, so too would a significant decrease in home prices be a dream. It’s sad to say, but for many, owning a home in Sacramento won’t be happening. The median price in Sacramento County increased by 15.3% from Nov 2019 to Nov 2020. The good news is that with products like renovation loans and down payment assistance, buyers can get into a home and update it. It is just a matter of effort. The longer a buyer waits, the more effort and less comfortable they will be in their newly purchased home. November 2020 Sacramento area housing market update is a clear explanation that you need the Exclusive Buyer’s Agents at Weintraub & Wallace Realtors with RE/MAX Gold. We have many years of experience and are in touch with the seller’s markets. You probably won’t find anyone more motivated and persistent in helping you find homes to purchase. Reach out to us anytime if you are hitting a wall, we have ropes to get over. We can be reached at 916-233-6759. =&0=& Weintraub & Wallace Team RE/MAX GOLD | Sacramento, CA. | p. 916.224.2756 #01926016
November 2020 Sacramento Area Housing Market Update
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