How does Property Tax schedule work when selling or buying a home in CA?

How does Property Tax schedule work whens selling or buying?

#propertytaxschedule #propertytaxcalculator #supplimentaltaxes

Selling or Buying a home in California seem daunting. Daniel at Orange Coast title brought to my attention that some sellers or buyers are shocked to see unexpected tax prorations on their settlement statement. We like to disspell the confusion around property taxes in California. Stay Tuned.

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Posted on January 12, 2019 at 12:24 AM
Young Jacob | Category: Information

How do we get Paid I Attonys VS Reators

How do we get paid? I Attornys vs Realtors

Attoneys charge by the hour.
Realtors, on the other hand, only get paid when our clients succesfully get what they want.
Realtors get rewarded on your successful result not on our efforts.

Agree or disagree? please leave comments below.
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How can you double your money in 8.5 year? Rule of 72 explained in 3 minutes.

Appreciation rate in Silicon Valley Real Estate revealed. Opportunity Knocks.

 

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Posted on January 10, 2019 at 12:32 AM
Young Jacob | Category: Information | Tagged ,

Rule of 72 Explained in 3 minutes

How can you take an advantage of real estate appreciation by using this rule?
Einstein says  “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
Question is which side of fence you are on; earning or paying?
WHAT IS THE RULE OF 72? The rule is  a simple method of estimating how long it will take compounding interest to double an investment.
For example,
If you invest $1 at 1% interest, I will take 72 years to double your money
If you invest $1 at 4% interest, it will take 18 years to double your money.
Since I am a realtor, I studied the appreciation rate in bay area since 1984. On average, the homes appreciated 8.55% per year past 34 years
Assuming you are buying 2 million dollar house in Palo Alto, based on rule of 72, how long will it take to double your money? $2million at 8.55% your money will double in 8.4 years. Remember, you are not investing the whole 2 million unless you are paying cash. You probably invest 20% of the purchase price and you get to live in your appreciating asset.
What does this mean?
If you are a buyer who are on the fence whether you shoud buy a home or not,Ask yourself two questions,
1. Do I like it enough to make an offer?
2. Can I afford the payment?
If both answers are yes, and you are negotiating the price, let’s say the gap between what seller wants and what you want to pay is $100K.
Don’t let 100K stop you from getting what you want and an opportunity to double your money in 8.4 years.
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Posted on January 9, 2019 at 9:01 PM
Young Jacob | Category: Information

Excusive Interview I North Korean Defector

Exclusive Interview I North Korean Defector
how can we help north korean refugees?
What can outside world do?
Kim Jung- Nam Death
Do You Know About the Crisis?‎
Donate to fund movies about North Koreans
Sending aid to North Korea often means inadvertently helping Kim Jong Un

Posted on January 4, 2019 at 7:36 AM
Young Jacob | Category: Information

Top 5 Winning Mindsets for Highly Effective Sellers

There is an abundance of practical advice you can find online. My approach is a bit different. I am looking at it from the mindset viewpoint. I would like to invite you to give me your feedback on my views. I love to learn from your perspective. Let’s get it started, shall we?

  1. First ask yourself, what do I want that I don’t have now? Understanding your clear whys for selling your home is the first step and a very important one for your success.
  2. Don’t worry about things you can’t control such as location or floor plan. Highlight the benefits of your home, and romanticize the experience. I will tell you a story. I had a seller who had failed to sell his home for 5 years with 4 different agents. His attention was so focused on the problems he thought he had such as a reverse floor plan, the driveway sloped downwards, an unusable backyard and an outdated kitchen. He wanted to upgrade his kitchen and spent much of his time interviewing contractors. In other words, he was looking for love in all the wrong places. While I was sitting in his kitchen table interviewing for the job, I noticed the kitchen and family room were facing the east. I screamed with joy. “that’s it” Let’s call the patio “sunrise patio”. We did the open houses between 6:30 a.m. to 8 a.m. We highlighted the sunrise view. Our target buyers would be people who were early risers and were inspired by an amazing sunrise every morning. This small change leads to his successful sale. We focused on the benefits & Romanticized the experience.
  3. Kyle Cease said “Nobody has ever broken your heart. They break your expectations. There are gaps between a seller’s perception of the market and a buyer’s reality. At the beginning of this year, homes were selling in 2 minutes with plenty of offers and in some cases $1 million over the asking price. Fast Facts: in some markets, the home sales are down, and Inventory is up. The price appreciation is slowing down. Instead of having the expectation of yesterday’s price, be open-minded and have the right perspective. The price appreciation in Santa Clara County is 47% increased compared to the last peak, and a jaw-dropping 250% from the last bottom of our market.
  4. Pricing is everything in this market. The price is nothing but a bundle of benefits. It is not about how much you can sell your house for, but it’s about what buyers can buy instead of yours. With increased inventories and more selections for the buyers to choose from, it is critical that the price is right from the beginning. Everybody wants what everybody wants. Therefore, it is important to bring as much attention to your house as possible.
  5. Hire the right agent.
  • First, imagine what a successful sale feels like, what results you would like to see, and what process you would like to go through, in your mind. Be clear on what you want in an agent. When selecting an agent, make the decision on things the agent can control like the marketing and negotiation, not the things they can’t control like the price the market will bring you.
  • An exceptional agent will dig deep and ask lots of questions based on what you want. They understand you are a team.

Let’s summarize the winning mindset for the sellers.

  1. Define your why
  2. Highlight the benefits of your home and bring romance to the process.
  3. Keep your prospective in check and have the right expectation.
  4. Pricing is everything, so get it right in the beginning.
  5. Hire the right agent to work with you as a partner.

I am going to leave you with this. In every occupation, the best people create the systems that make them successful. The right process will produce the best result. Good Luck!

Posted on December 17, 2018 at 4:56 AM
Young Jacob | Category: Information | Tagged