Nicole Solari | Solari Group Blog

Friday, April 12, 2019   /   by Nicole Solari

Federal and California Withholding- What You Need To Know

Federal and California Withholding- What You Need To Know
 
When a person sells real property in CA, the buyer of that property is generally obligated to deduct and withhold 10 percent of the sales price and transmit it to the Internal Revenue Service (IRS) under the Foreign Investment In Real Property Tax Act (FIRPTA) and 3 1/3 percent of the sales price to the Franchise Tax Board (FTB) under CA Revenue and Taxation Code section 18662 and 18668, unless an exemption applies.

Federal Withholding and Nonforeign Affidavit
There are 3 major exemptions to FIRPTA:

Seller furnishes buyer a “nonforeign status affidavit” containing the seller’s tax identification number or social security number (CAR form AS or equivalent);
The property sales price is no more than $300,000, and the buyer or a member of buyer’s family intends to use the property as a personal residence for at least 50% of the time during the first two years; or
IRS issues a withholding cer ...

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  real estate, home ownership, homebuyers, buying, selling, finances, first time home buyer, taxes, level up realty, real estate market

Tuesday, April 9, 2019   /   by Nicole Solari

Why Pet-Friendly Homes Are In High Demand

Why Pet-Friendly Homes Are In High Demand




One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers, rather than alienating the 68% of American households that have a pet!
If you are one of the many homeowners looking to list your home for sale, how do you stand out to the millions of pet parents searching for their dream home?
Whether a dog person, a cat person, or someone who prefers the company of another pet species, 99% of pet owners say that they consider their animal to be family. When finding a home, 95% of animal owners believe it is important that a housing community allows animals.
A study by the National Association of Realtors (NAR) revealed that there are many aspects of the home buying, selling and owning experience that have been greatly im ...

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  real estate, home ownership, homebuyers, buying, first time home buyer, solari team, solari group

Thursday, March 7, 2019   /   by Nicole Solari

WHY AN ECONOMIC SLOWDOWN WILL NOT CRUSH REAL ESTATE THIS TIME?

WHY AN ECONOMIC SLOWDOWN WILL NOT CRUSH REAL ESTATE THIS TIME







 



Last week, the National Association for Business Economics released its February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:



“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”



Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years:


The Pulsenomics Survey of Market Analysts
The Wall Street Journal Survey of Economists
The Duke University Survey of American CFOs


That raises the question: Will the real estate market be impacted like it was during the last recession?


A recession does not equal a housing crisis. According to the dictionary definition, a recession is:



“A period of temporary economic decline during which tra ...

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  real estate, home ownership, homes for sale, real estate agent, selling, investment properties, solari team, solari group, market trends, selling tips, the solari group

Wednesday, March 6, 2019   /   by Nicole Solari

2 Reports That Say Now Is a Great Time to Sell?

2 Reports That Say Now Is a Great Time to Sell







Heading into the spring buying market, there are strong trends starting to emerge.
The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way!
Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season!
1. National Association of Realtor’s Existing Home Sales Report
Sales of existing homes were down for the third consecutive month in January. Some of this can be explained by the natural seasonality that the real estate market experiences every year, and some can be explained even further by a lack of homes available for sale on the market.
Inventory
For the last eight months, the inventory of homes for sale ha ...

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  homes for sale, selling, upgrades, investing, investment properties, solari team, solari group, property taxes, market update, for sale, market trends, selling tips, home seller, level up realty

Monday, March 4, 2019   /   by Nicole Solari

Home Values Projected To Increase 6.3% In 2019

Home Values Projected To Increase 6.3% In 2019














Buying a home is an investment. And, like any investment, you want to make sure it’s going to deliver a healthy return.
According to recent projections, it looks like real estate is going to pay off in a major way in 2019.
According to recent data from Zillow, the US Median Home Value is projected to grow a healthy 6.3% in 2019. So, if you were to purchase a home for $250,000 at the beginning of 2019 (in other words, now), that same home is projected to be worth $265,750—an increase of $15,750.

The Takeaway
Real estate is projected to provide some healthy returns in 2019, so if you’ve been thinking about investing in a new home, now is a great time to make a move.

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  real estate, home ownership, homes for sale, buying, investing, investment properties, market update, furniture, housing market, dream home, real estate market

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:April 19, 2019
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