Level Up Realty | Solari Group Blog

Thursday, April 25, 2019   /   by Nicole Solari

Sandra Bullock's Beach House on Tybee Island in Georgia

SANDRA BULLOCK’S BEACH HOUSE ON TYBEE ISLAND IN GEORGIA







Sandra Bullock bought this beach house on Tybee Island in Georgia in 2001, but now she’s ready to let it go. She’s selling the oceanfront home fully furnished for $6.5 million.


The listing says, “If you’re looking for your very own private retreat, then look no further than this stunning low country estate. For the serious-minded, this compound, made up of 9 parcels, provides privacy unlike any other on this barrier island. Tucked away on almost 3 acres of fenced, beachfront real estate, you can escape it all in style.”


Take a look!




Sandra Bullock’s Beach House on Tybee Island




The front porch is wide and long and connects to a screened section on each side:

The listing says:

The spacious main house has 3,360 square feet of luxury living including a gourmet kitchen, expansive screened porches, a private home gym, a basketball court, a pool ...

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  real estate, homes for sale, the solari group, level up realty, real estate market, home seller, home buyer, dream home, home selling, celebrity homes

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

Wednesday, March 13, 2019   /   by Hayley Baker

7 Things To Avoid After Applying For A Mortgage!

7 Things To Avoid After Applying For A Mortgage!




Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your decision will impact your home loan.
Below is a list of 7 Things You Shouldn’t Do After Applying for a Mortgage! Some may seem obvious, but some may not!
1. Don’t change jobs or the way you are paid at your job! Your loan officer must be able to track the source and amount of your annual income. If possible, you’ll want to avoid changing from salary to commission or becoming self-employed during this time as well.
2. Don’t deposit cash into your bank accounts. Lenders need to source your money and cash is not really traceable. Before you deposit any amount of cash ...

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  real estate, home ownership, homebuyers, homes for sale, buying, finances, first time home buyer, solari team, solari group, solano county, napa valley, escrow, for sale, mortgage, selling tips, home buyer tips, home seller, level up realty, home buyer, home sales, first time home buyers

Wednesday, March 06, 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

Wednesday, February 20, 2019   /   by Nicole Solari

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True

According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it’s saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option.
But with rents rising across the country, that’s just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a whopping 98% of the largest metro markets in the US.











The Takeaway

The misconception that renting is more affordable than homeownership is not only costing renters of every generation money, it&r ...

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  real estate, home ownership, homes for sale, buying, finances, first time home buyer, investment properties, real estate team, solari team, solari group, for sale, the solari group, market trends, level up realty, home sales, rent

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:June 25, 2019