Monday, July 30, 2018 / by Abio Properties, Blogger
Prop. 5: Boon for baby boomers and cure for the housing shortage?
Proposition 5, a measure developed by the California Association of Realtors, is headed to the ballot Nov. 6, and advocates say it could ease not only the property tax burden on seniors, but also relieve the state’s housing crunch.
Here’s what you need to know before you vote on Prop. 5, also known as the Property Tax Transfer Initiative:
What is Prop. 5?
Prop. 5 would expand Prop. 13 to allow homebuyers who are 55 or older or severely disabled to transfer their property tax base to a replacement residence in California for any price and as many times as they want. Prop. 5 also would apply to disaster victims like those affected by the recent wildfires.
How would it work?
Let’s say you bought a home in 1988 for $300,000, sold it in 2020 for $700,000, and bought another home for $500,000 that same year. You’d keep the tax rate you had on the 1988 home.
What does ...
Friday, April 27, 2018 / by Abio Properties, Blogger
We have kids. We get it. Spending a beautiful Sunday afternoon touring East Bay homes for sale isn’t magical fun for little ones. They get bored. They get squirrelly. And at some point, not even snack bars, juice boxes, or your iPhone will short circuit that impending meltdown.
So that’s when you promise to end a real estate day with a special brand of East Bay family fun.
As Abio Properties’ co-founder Linnette Edwards says, exploring these kid-friendly places isn’t just a bribe (yeah, we said it) so your children will let you see “just one more" Berkeley home for sale. It’s an opportunity to discover what Alameda and Contra Costa counties have for families.
So, go get spacey at the Lawrence Hall of Science. Scream for iScream in Berkeley. Stretch fidgety legs at Codornices Park. Blow them away with a warehouse filled with pinball machines at Playland-Not-At-The-Beach. Fuel up with a slice of Zachary’s deep dish. Heck ...
Monday, March 5, 2018 / by Abio Properties, Blogger
It’s easier now more than ever to see home listings online, watch 3D virtual home tours, and view drone videos of a property. But would you bid on a home without seeing it in person?
A new survey found that 44 percent of buyers polled in the San Francisco Bay Area metro region did just that in 2017.
The Redfin-sponsored survey interviewed people from 14 major metro areas and found that nationwide 35 percent said they bid on a home without first seeing it in person -- up from 33 percent in May 2017 and 19 percent in June 2016.
Who are these risk-takers?
Foreign buyers. Busy out-of-town professionals. Millennials who are comfortable shopping online. Anxious buyers determined to get their bids in ASAP or risk losing out because of the frenetic, competitive nature of the Bay Area market.
Because the current housing inventory is low, “people see a house go on the market and they think they have to hurry and bid on it,&rdquo ...
Thursday, November 2, 2017 / by Abio Properties, Blogger
Want to buy an East Bay home for sale? You’ll have to be lightening fast to win the home of your dreams in today’s competitive market, and we have 7 essential tips for ramping up your speed.
It’s a sellers’ market, where the number of property listings has plunged and the relative number of bidders has skyrocketed. Today’s sellers can confidently ask bidders for a lot -- including a quick close.
Nationally, the average home sits on the market for about 73 days, according to Realtor.com. But in the Bay Area, it’s more like 31 days or less. Abio agents are seeing some deals close within two weeks!
Your best strategy in such a fast-paced environment is to be ready. Here’s how:
1. Partner with a real estate agent, if you haven’t already
Interview potential agents and ask about how well they know your target neighborhood, their fees, and what services they offer beside negotiations and escrow. Request references from p ...
Wednesday, September 27, 2017 / by Abio Properties, Blogger
Bay Area affordable: This 4-bed, 3-bath Concord home on a 6,500-square-foot lot was listed for just $569,000.
For first-time home buyers and buyers who want to trade in starter homes for something bigger, entering the red hot Bay Area real estate market can feel like facing down a 250-lb linebacker at the Super Bowl – who wants your wallet, your savings, your debit card and PIN numbers.
But buying a home doesn’t have to be scary or suck you dry if you pay attention to the "hidden" pockets of affordable housing in the Bay Area, especially in Contra Costa County.
(By affordable housing, we mean relative affordability, considering that the median home price in many Bay Area cities tops $1 million!)
Check this out: The median price for a single-family home in August was as low as $390,000 in San Pablo and $561,000 in Brentwood. Brentwood’s median increased 16 percent year-over-year, but it’s still a bargain by Bay Area standards, as the Mercury News ...