Author: Steve Olmos
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What is My House Worth
What is my house worth is one of the first questions that homeowner what to know, so how do real estate agents determine the worth of a home? Realtors and real estate agent evaluate a home’s value based on several factors, including its location, size, age, and condition. They often use a Comparative Market Analysis…
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California SB 684
California SB 684 is another bill that California passed this year. SB 684 which basically states that the local governmental body must approve unit up to 10 units of housing without discretionary review or a hearing, a parcel map or a tentative and final map for a housing development project. Here is a link to…
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New Real Estate Laws Passed For 2024
These new real estate laws passed for 2024 and in my opinion, are not going to make it better. Here are a few of these new laws that passed Accessory dwelling units, also known as ADU’s, Assembly Bill 1033 This bill will now allow ADU’s to be sold, which could in effect create multiple units…
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Understanding Real Estate Financing
Understanding real estate financing, what you need to know and what you should know, before you buy Most people are going to need a loan to buy a house, and getting that loan or mortgage is going to be one of the biggest steps a buyer will have to take to buy a house. So,…
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What Are Incentives When Selling A House
What are incentives when selling a house? In this week’s article, I will go over why offering seller incentives to help buyers looking to buy your house. Incentives can be anything from adding the refrigeration or washer and dryer to the sale, to helping the buyer with their down payment. Why offer Incentives When Selling…
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Homeless Problem In California
The homeless problem in California, is worse, not better. I have written about this subject several times over the years, and the problem has gotten worse, not better over those years. You pay the taxes that the state spends on running our state and government, and you vote for the people that run it. As…
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Thinking of Selling a House
Thinking of selling a house, and you think that you can sell it by having a lot of open houses. Do you know who is responsible if someone get hurt or break something, while they are visiting an open house? For one thing, you do not know who you are letting in the door. Yes,…
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Review of California Proposition 13
In this article, I am going to do a review of California Proposition 13, voted into California’s Constitution in 1978. Proposition 13 limits property taxes to 1% of the property’s assessed value, at the time of purchase, plus an inflation factor determined by California’s consumer price index (CPI). Add to that, local fees, like fees…
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Real Estate and Mortgage Rates Going Up or Down
Real Estate and Mortgage Rates Going Up or Down, what do you think? You can read article after article and still be not know what to think, it is real estate and, in my opinion, there are to two things that major factors that has and will affect whether prices will go up or down.…
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2024 Changes You Need To Know
2024 Changes You Need to Know Here in California. California Prop 60 and 90 was a provision that allowed a person who is over age 55 to sell his or her principal place of residence and transfer its base year value to a replacement dwelling of equal or lesser value that is purchase or newly…
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It Soon Will Be 2024
It soon will be 2024 and many will be setting their goals and making their plans for what they are going to do and how they are going to get there. The sad part is that many will fail to keep their goals and give up on their plans within months of the new year.…
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Christmas As We Know It Today
Christmas as we know it today Did you know that Christmas, as we know it today, is a mix of Christian religious traditions, secular celebrations, and ancient cultural practices that have been adapted over time? Christmas is also celebrated on December 25th in many other countries around the world. It is also a public holiday…
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Wow, I Did Not Know That
Wow, I Did Not know That. The house in the movie,”A Christmas Story” is an actual house that you can book an overnight stay and it is located at 3159 W 11th street, Cleveland, Ohio. Yes, Christmas is just about here, and before you know it will be a new year, and we will be…
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California Energy Law Will Cost Landlord and Tenant More Money
California Energy Law Will Cost Landlord and Tenant More Money California’s energy laws can cost more money in the form of higher utility bills and increased rent costs. California is said to be a leader in energy efficiency, which often means that landlords must make upgrades to their properties to meet updated standards. Those upgrades…
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Fed’s Hold Off on Raising the Interest Rates
Fed’s met and decided to hold off on raising the interest rates, so what does that mean to the real estate market? The news that the Federal Reserve is holding off on raising interest rates could have a positive impact on the real estate market by allowing buyers to adjust to the higher rates that…
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Today’s Real Estate Market In California
What do I think about today’s real estate market in California? As you know, I sell real estate in Southern California and as a reader of my newsletter, I have given my opinion on different parts of what happening in the real estate market. And at this time, it does not look good for buyers…
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Should You Buy Or Sell a House In California In The Winter
Should you buy or sell a house in California in the winter? It is getting close to the end of the year; winter and the holidays are nearly here. The interest rates are high and may even go higher, and home sales are following. If you are thinking of buyer or selling, what should you…
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Should You Buy a House or Wait
Should you buy a house or wait, and that’s not an easy question to answer? Should you buy a house now or wait? There are many factors to consider when you are looking to buy a house in any market. In general, if you can afford the monthly mortgage payment and have a good down…
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California Landlords Be Aware
California landlords be aware, anyone that is an owner of real property, that is leased or rented to another person or entity. Presently, if you rent or lease a property to a tenant, you can ask for upfront one month rent and one month security deposit if unfurnished and one month rent and 2 months…
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What Is Earnest Money
What is earnest money, and how does earnest money work? Earnest money is a deposit made by a buyer to demonstrate their good faith in a real estate purchase agreement. The earnest money is typically held in an escrow account managed by the seller’s or buyer’s real estate agent in California or an attorney in…