Steve Olmos, Selling Real Estate in Southern California Call or Text (909) 226-3551

Category: Real estate article

  • What Is A Real Estate Agent

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    Steve Olmos
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    What is a real estate agent?, A real estate agent is a person that has taken the real estate exam, passed it and now has a real estate license to sell real estate; homes, land, condos, townhouses, businesses etc. What’s the difference between a real estate agent and a Realtor. A real estate agent is…

  • Still Waiting To Buy Or Sell A House

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    Steve Olmos
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    Still waiting to buy or sell a house? The question should be why are you waiting? Yes, interest rates do move up and down and home price also move up and down. When demand is high, prices go up and when demand is low, prices will come down. Interest rates on the other hand seem…

  • Few Questions On ADU’s

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    Steve Olmos
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    Few questions on ADU’s, what are they and few other questions on ADU’s An ADU is a secondary dwelling unit with complete living facilities for one or more persons. An ADU can be a detached separated from the primary residential structure, a unit attached to the primary residential structure or a repurposed existing space, like…

  • Delaying Property Taxes for Seniors, Blind and have a Disability

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    Steve Olmos
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    Delaying property taxes for seniors, blind and with a disability for this year, 2024. Property taxes are an expense that’s hard to pay for many homeowners and with a number of seniors and those that are blind or a have disabilities, being on fix income some will find it nearly impossible to pay this year.…

  • Things Are Changing In California Real Estate

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    Steve Olmos
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    Things are changing in California real estate and as well as real estate as a whole. Because of a recent lawsuit, which NAR agreed to settle (National Association of Realtors) the listing agent or the agent that lists a property for sale for a seller of residential real estate will no longer be able to…

  • Will Owning a Home Be a Thing Of The Past

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    Steve Olmos
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    Will Owning a Home Be a Thing of The Past? It is hard to believe that a day homeownership comes to an end sometime in the future. Or losing a home you own, because of some new law was passed. Let’s look at the past to see a couple of examples of how the government…

  • In Real Estate Buyer Contracts Are Going To Be Required

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    Steve Olmos
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    Yes, in real estate, buyer’s contract is going to be required and home buyers beware. Later this year, real estate agents are going to have to put potential buyers under contact before they show properties. Buyer and real estate agents have always had the option to use a contract and some agents use them and…

  • Here Are A Few Ways To Buy A House

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    Steve Olmos
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    Here are a few ways to buy a house, from cash, seller financing and getting a mortgage. In this article, I will talk a little about the different types of loans you can use to buy a house. The first is the fix or conventional loan These loans are set at a fix interest rate…

  • What to look for in a Neighborhood

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    Steve Olmos
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    What to look for in a Neighborhood when buying a home. When you start looking to buy your first or second home, you should start by knowing what you can afford to buy, the next step is where to buy? Now that you know what you can afford and the area you what to buy…

  • Avoid Real Estate Lawsuits

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    Steve Olmos
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    Avoid Real Estate Lawsuits, when selling a house in California If you are selling a house in California, you need to be aware that you can get sued. For example, you sell your house and later the buyer claimed that you didn’t disclose an issue with the foundation of the house which you had no…

  • Proposed Assembly Bill 1840

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    Steve Olmos
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    What is the proposed Assembly Bill 1840? California has money to help first time buyers to own a home, it is called, The Dream For All Shared Appreciation Loan. The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All…

  • What is My House Worth

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    Steve Olmos
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    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…

  • California SB 684

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    Steve Olmos
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    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…

  • New Real Estate Laws Passed For 2024

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    Steve Olmos
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    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…

  • What Are Incentives When Selling A House

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    Steve Olmos
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    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…

  • Homeless Problem In California

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    Steve Olmos
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    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…

  • Thinking of Selling a House

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    Steve Olmos
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    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,…

  • Review of California Proposition 13

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    Steve Olmos
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    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…

  • Real Estate and Mortgage Rates Going Up or Down

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    Steve Olmos
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    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.…

  • 2024 Changes You Need To Know

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    Steve Olmos
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    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…