NMA Realty

12/02/2022

Listed for $500k
Sold for $485k with $10k closing cost from seller.

5525 Cabrillo Way is a 3 bed, 2 bath, 1306 Sq Ft home in Rocklin, CA. View more information about this property on Homesnap.

10/07/2022

It was a great educational motivation class for 3 hours.

09/08/2022

SOLD - 1600 Grouse Run Cir Roseville CA 95747
4 Bed 3 Bath 2203 sq ft for $595k

1600 Grouse Run Circle is a 3 bed, 3 bath, 2203 Sq Ft home in Roseville, CA. View more information about this property on Homesnap.

08/24/2022

SOLD!!!

1761 Camino Verdera is a property in Lincoln, CA. View more information about this property on Homesnap.

07/10/2022

Characteristics to Look for When Choosing a Real Estate Agent

Buying or selling a home can be an extremely overwhelming process. You must know what to look for in your buying or selling agent to make sure they will be a good fit for you. Whether you're buying your first home, moving up the market or downsizing as retirement approaches, real estate agents can help navigate this important decision. Here are the characteristics an excellent real estate agent will have.

Knowledge
Before you sign the papers, find out what the agent knows. Are they willing to answer your questions? Will they be able to educate you on any tricky aspects of the real estate market in your area? The local knowledge of your agent can make all the difference. The agent should have contacts in the real estate market that they can refer you to, such as appraisers, mortgage lenders and insurance agents.

Professionalism
A good agent will treat you respectfully and keep your privacy in mind. They should not gossip about you or your business to others in the real estate industry. Are they honest and ethical? Do they know how to give you critical feedback without being overly pessimistic? Transparency helps build trust, which is necessary when working with a buying or selling agent.

Customer Service Skills
Plain and simple, good agents will treat you with respect, no matter how big or small your circumstances may be. The agents should be more than just a salesperson and should focus on building a relationship with you.

Competency
The agent needs to be able to sell real estate and have the expertise in negotiation and contracts. They should have education in the market and general areas of focus. Consider their previous homes for sale and their previous clients. If a previous client had an issue that dissuaded them from buying, don't accept that as a pattern to follow.

Communication
Relationships are built on communication. The right agent will keep you informed every step and ensure that everything is to your satisfaction. Communication is key to a successful transaction. You should agree on the modes of communication and the frequency of contact. You must know the individual behind the real estate agent; they are your advocate and will be representing you at all times.

Honesty and Integrity
You need to trust that the agent is being honest with you. You may expect them to tell you all the good news, but they must be honest with all aspects of the transaction. If they know something terrible is going to happen, they should tell you. Your relationship should not be built on secrets or deception; it should be based on trust and honesty.

There are many scenarios and facts to gather when choosing the right real estate agent for your needs. When you do your homework and research, you will find the best fit for you and your situation. Remember that this is an important decision; choose someone you can trust and with whom you build a strong relationship.

06/25/2022

PROP 19 PROPERTY TAX BREAK in California
Prop 19 allows eligible homeowners to transfer the tax base of their primary residence to a replacement primary residence anywhere in California….

WHO QUALIFIES?
Eligible homeowners who qualify for a Prop 19 tax base transfer include:
Homeowners ages 55 and over
Severely disabled homeowners
Victims of wildfires or natural disasters

BIG TAX SAVINGS FOR HOMEOWNERS MOVING WITH A PROP 19 TAX BASE TRANSFER

A 55-year-old couple purchased their home 30 years ago for $110,000. The taxable value of their home is now $200,000 (the $110,000 tax base value increased 2% each year for 30 years). Their annual property tax bill is $2,200 (1.1% multiplied by the taxable base). Under Prop 19, the couple can sell their home for $600,000 and transfer the property tax base of their original home to a replacement home anywhere in California, up to three times.

Example #1: Buying an Equal or Less Expensive Home:

If the couple sells their home for $600,000 and buys a replacement home for the same amount or less, the couple could transfer the lower tax base of their original home to the replacement home and save $4,400 on their annual property tax bill. By transferring the original home’s tax base ($200,000) to their replacement home, the couple would pay the same amount in property taxes ($2,200) after moving – instead of paying $6,600 on the replacement home’s purchase price of $600,000.

Example #2 Buying a More Expensive Home:

If the couple sells their home for $600,000 and buys a more expensive home for $700,000, they could transfer the property tax base of their original home to the replacement home and save $4,400 on their annual property tax bill. Instead of paying $7,700 in taxes on the $700,000 purchase price of the replacement home, the couple would pay $3,300 because the new tax bill would be calculated by adding the original home’s tax base ($200,000) to the difference between the purchase price of the replacement home ($700,000) and the sales price of the original home ($600,000).

Let me know if I can help you!!!

03/30/2022

Build your dream home in acerage in Lincoln CA

1761 Camino Verdera is currently listed at $470,000 on Homesnap. View 49 photos of this property in Lincoln, CA.

03/17/2022

FED CONFIRMS FIRST INTEREST RATE HIKE IN FOUR YEARS

Fed officials announced that they would raise their benchmark federal-funds rate by a quarter percentage point to a range between 0.25% and 0.5% from near zero. The hike, which will take effect on March 17, is the first increase in rates since 2018.

03/08/2022

STUDY BREAKS DOWN 2022 PROPERTY TAX RATES BY STATE
State by state breakdown:
Top 10 states with the highest real estate tax rates are:
1- New Jersey (2.49%)
2- Illinois (2.27%)
3- New Hampshire (2.18%)
4- Connecticut (2.14%)
5- Vermont (1.90%)
6- Wisconsin (1.85%)
7- Texas (1.80%)
8- Nebraska (1.73%)
9- New York (1.72%)
10- Rhode Island (1.63%)

States that levy a vehicle property tax are:

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
North Carolina
Rhode Island
South Carolina
Virginia
West Virginia
Wyoming

Of these states, the 10 with the highest vehicle tax are:

Virginia (4.04%)
Mississippi (3.46%)
Rhode Island (3.01%)
Missouri (2.60%)
Connecticut (2.59%)
South Carolina (2.50%)
Maine (2.40%)
Massachusetts (2.25%)
Kansas (1.93%)
New Hampshire (1.80%)
Key findings:

While New Jersey has the highest property tax rate ($5,419), Hawaii has the lowest ($606).
Virginia has the highest vehicle property tax ($1,023), Louisiana has the lowest ($25).
Blue States have 31.12% higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.
According to the National Tax Lien Association, more than $14 billion of these taxes go unpaid every year.

01/21/2022

Mortgage Rate Increases: How They’re Impacting Housing Demand!

Mortgage rates increased to 3.22%, the highest percentage since May 2020—likely sparking motivation for buyers and continuing to drive up the housing-market competition.
Some 47% of house hunters say they’d feel more urgency to buy a home if mortgage rates rose above 3.5%, according to a new report from Redfin. A lower share of 29% would look for homes in different areas or consider smaller houses, while 14% would slow their search in hopes of rates coming down again.
Meanwhile, 7% of respondents wouldn’t change their plans at all. Just 2% said they would cancel their plans to purchase a home if mortgage rates increased to 3.5%.
The Redfin-commissioned survey of 1,500 U.S. residents planning to buy or sell a home in the next 12 months, showed focuses on the majority of those respondents indicating they were planning to buy a home in the next year.
The interest rate on a 30-year fixed mortgage rose during the first week of 2022 from 3.11% the prior week, Freddie Mac said Thursday. That’s the highest level since May 2020, when the pandemic was just beginning. Redfin Chief Economist Daryl Fairweather expects rates to hit about 3.6% by the end of 2022.
“Mortgage rates increasing will make homebuying less affordable. Over time, that will put the brakes on demand and put an end to double-digit annual price growth,” Fairweather said. “In the short term, this increase will light a fire under homebuyers and make for an extremely competitive January.”
Rising rates are the main driver for homebuyers in Houston right now, according to local Redfin real estate agent Faith Floyd.
“Buyers are worried mortgage rates will go up and they’ll no longer be able to afford a home,” said Floyd. “They also feel a sense of urgency because they don’t want to have to compete with spring and summer buyers and end up overpaying five months down the road.”
Agents have also said the potential for higher mortgage rates is motivating sellers to act quickly.
“Sellers want to get their homes on the market ASAP,” Seattle Redfin Agent Shoshana Godwin said. “They’re concerned that if rates rise too much, it could impact their chances of getting good offers since buyers may be worried about overall costs increasing.”

01/12/2022

2022 Real Estate Law Book Now Available Online

Sacramento – The latest issue of the annual Department of Real Estate (DRE) Real Estate Law book is now available for viewing online on DRE’s website. At the beginning of the book you will find the "Statute and Regulation Changes," which lists changes in the book from the prior year. Unless otherwise noted, the new laws take effect January 1, 2022. For a summary of real estate law changes, please see DRE’s Industry Advisory, "Summary of New Real Estate Laws."

The 2022 Real Estate Law book is comprised of statutes and regulations that should be familiar to those working in real estate and includes the following sections: real estate and subdivided lands law; regulations of the real estate commissioner; the Administrative Procedures Act; and pertinent excerpts from other California codes, including additional sections of the Business and Professions and Government codes.

Please note that the 2022 Real Estate Law book does not contain all laws relevant to real estate. The 29 codes that comprise California law are available in their entirety at the official website for California legislative information.

Because of production delays related to Covid-19, print copies of the book for purchase are expected to be available in early Spring 2022. To order, please complete and submit, along with payment, the Department of Real Estate Publications Request (RE 350) form.

01/04/2022

REAL ESTATE Q&A: I CO-OWN A HOUSE WITH A FRIEND. IS IT BETTER TO LEAVE MY SHARE IN A WILL, OR SHOULD I DRAFT A DEED?

Q: I own my home 50/50 with a friend. Neither of us has any close relatives that we would want to leave our half of the house. I read your article about owning a property with other people. Would it be okay to add something to my will stating that my friend will get my share of the house when I die rather than drafting a new deed making us joint tenants with the right of survivorship?

A: Unless you are married or have minor children, you can devise your part of the home to your friend in your will. But having you and your friend deed the house to yourselves as joint tenants with right of survivorship is a much better option for many reasons. The first reason is cost. Preparing a will is more expensive than a deed. Add the cost of probating your will, and it becomes much more costly. A survivorship deed would automatically vest in the surviving friend upon the first death—no need to file for probate. The deed method also avoids any issues with creditors that remain when you pass since the property goes to your friend outside of probate.

Both the deed and wills can be changed at any time by you and your friend. However, because deeds are freely available in the public records, you will know if your friend changes her mind and decides not to leave her half to you. Wills are private, and you would not know if they were changed until after her death. Also, if either of your wills gets lost or destroyed, your intentions might not be carried out. This is not an issue with a deed because it is recorded in your county’s land records. In most legal matters, such as estate planning, there are many ways to accomplish your goals, but not all methods work as well or are as efficient as others.