Wednesday, June 5, 2019 / by Nicole Solari
Multigenerational Homes Are On The Rise
As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family.
The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together.
Of those buyers, 26% indicated they will be taking care of an aging parent, and 14% said they want to spend time with an aging parent. These numbers do not come as a surprise. According to Pew Research Center, 64 million Americans (20% of the population) lived in a multigener ...
Friday, May 24, 2019 / by Nicole Solari
Everything You Need to Know About Moving to Napa
Whether it’s the natural beauty of the valleys, or you just want to be closer to Sandra Bullock, moving to Napa is really a great choice.
The City of Napa is simply one of the most stunning places in California, and right at the heat of the Napa Valley wine region. It’s a perfect destination for a permanent relocation or purchasing a vacation home, particularly if you want to embark on hiking trails or live close to lovely parks.
But moving anywhere in this county requires quite a bit of preparation, particularly if at the moment you’re miles away from Napa or even California. Luckily for you, we’re presenting everything you need to know about moving to Napa!
A quick Google search for Napa results in countless breathtaking photos, which are enough to make anyone want to move here. However, it is a big life decision, and you should know a few thin ...
Friday, April 12, 2019 / by Nicole Solari
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 ...
Tuesday, April 9, 2019 / by Nicole Solari
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 ...
Wednesday, April 3, 2019 / by Hayley Baker
Homebuyers Shouldn’t Worry About 2008 All Over Again
Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing market.
Two major takeaways from the survey:
42% believe a recession will occur this year or next (another 16% said 2021)
59% believe the housing market would fare the same or worse than it did in 2008
Why all the talk about a recession recently?
Over the last year, four separate surveys have been taken asking when we can expect the next recession to occur:
The Pulsenomics Survey of Market Analysts
The Wall Street Journal Survey of Economists
The Duke University Survey of American CFOs
The National Association of Business Economics
70% of all respondents to the four surveys believe that a recession will occur in 2019 or 2020 with an additional 18% saying 2021. ...