October 2017

Found 13 blog entries for October 2017.

1 Bed | 1 Bath | 846 SqFt

Congratulations to my buyer who scored big time on this beautiful, spacious 1 Bedroom condo. The building has a secure parking garage and expansive roof deck. It also has free Webpass internet with speed up to 100 Mbps. The location is ideal: 0.4 miles from BART and close to fun restaurants like Drake’s dealership and in walking distance to Parkway Theater and the Korean Market. But the best part is, that my buyer got this condo at asking price!

You thought in such a competitive market you will have to always overbid? Let me help you find a great home at a great price! Call or text me: 415.342.3954 and we can talk on the phone or meet in my office.

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Renting or Buying…Either Way, You're Paying Someone's Mortgage | MyKCM

There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich,”

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

Christina Boyle, Senior Vice President and head of the Single-Family

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Congratulations to my client who just closed escrow on this charming 1 bedroom, 1 bath home in Alameda's desirable West End! This quaint cottage features lovely 1912 period details – including hardwood floors throughout and wood wainscoted walls.

My first-time buyer client was able to snag this cozy home with my guidance on her very first offer!

Call me today to find out how I can do the same for you!

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How to Save on a Mortgage Payment Whether Buying or Selling | MyKCM

In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains:

“Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and for much of that time it hasn’t been close.”

It then goes onto ask the question:

“But does the equation change for renters who share their rent with a roommate?”

The report reveals:

“While the standard rent vs. buy analysis reveals buying is cheaper than renting in all of the nation’s 100 largest metros, this doesn’t hold true for those choosing between renting with a roommate and buying a starter home.”

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5 Reasons to Hire a Real Estate Professional When Buying or Selling! | MyKCM

Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional

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A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less.

The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%.

An article by Chase points to a new wave of millennial homebuyers:

“We teamed up with Google to help us better understand what customers are searching for and how the home buying landscape is evolving. We found that millennials and first-time homebuyers are making a big splash in the market, and affordability remains top of mind.”

Among millennials who purchased homes, David Norris, Loan Depot’s Head of Retail Lending, said:

“It’s clear from the survey results that Millennials have a lot of

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As further evidence that the Marina Bay real estate market is hot, my two most recent sales at Anchor Cove set new sales records for the community. 1812 Northshore Dr. and 1912 Northshore Dr. are both identical floor plans with 2053 SF and 3 bedrooms and 3.5 baths. I first listed 1812 Northshore Dr. at $675K in August. We received 3 offers and the property sold for $685K. In September I listed the neighboring property of 1912 Northshore Dr. for $690K. After two weekends of open houses my seller accepted an offer of $701K. For more details on each of these properties please visit:   www.1812Northshore.com www.1912Northshore.com   Needless to say that both of my sellers were ecstatic about the final sales prices of their homes. Prices…
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The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

Contact us for experienced representation when buying or selling a home in the East Bay.

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Congratulations to my first-time buyers who just closed escrow on this delightful 3 bedroom, 2 bath, 1,334 square foot home!

Located in San Leandro's sought-after Broadmoor district, this home features an open concept living room, dining room and kitchen. All leading out to a spacious back yard and workshop with endless gardening possibilities. Convenient and walkable to downtown, shopping, schools, and BART.

My clients relocated from San Francisco to enjoy the space and sunshine of the East Bay. I’m delighted to have helped make their dreams of home ownership come true!

Call me today to find out how I can do the same for you!

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Buying Remains Cheaper Than Renting in 39 States! | MyKCM

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39 states, it is actually ‘a little’ or ‘a lot’ cheaper to own (represented by the two shades of blue in the map below).

Buying Remains Cheaper Than Renting in 39 States! | MyKCM

One of the main reasons owning a home has remained significantly cheaper than renting is the fact that interest rates have

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