www.MaryAnn.REALTOR - A Pleasant Realtor for Pleasant Hill - Mary Ann Cadorna's Weekly Real Estate Update

Good Morning Pleasant Hill Residents,

Well, we are now two months into 2016, and the California Housing Outlook according to California Association of Realtors, we are going to see a 4.5% increase. With interest rates at an all time low, and that coupled with the first interest rate hike in 10 years, interest rates will be on the rise as well.

To me this correlates to some Home Selling factors. If you are a senior and getting ready to downsize and move into a smaller place, you have the equity or home values now that were not there eight (8) years ago. You can sell and buy into a new community or senior community and pay cash, move out of state, close to grand children any thing you have planned for this change in your life tied to your homes value. Equity is now your friend to meet that new beginning and now is the time to give your plans serious consideration.

If your home is paid off, you may also consider splitting the proceeds and get one rental property and a residence. This way you will have income and tax deductible benefits. (Please note, I am not giving you tax advise, consult with your Certified Public Accountant and/or Tax Consultant)

Also, if you decide to finance some of your new purchase, with interest rates that have never been this low in the last 60 years, it will help you in your downsize to move-up to new and keep your monthly payments lower.

However, if you bought in the last 8 years, and you aren’t underwater (if you are call me 415-928-9099) then you have equity to move up. To me, the tax laws that govern home ownership are really written to help home owners move-up in the world, if they choose to. For example, you now have equity to sell, pay fees and commissions and come out ahead with money to buy a larger, newer home. Caveat, is your next home (single family 1-4 units) that you buy needs to be purchased at the current sales price or higher of the home you just sold in order for there not to be tax consequences. Please note this is not meant or to be misconstrued as tax advice, it’s just the basic understanding, and for specifics and details on how you will be impacted by any real estate purchase or sale you must consult with your tax expert.

If you are ready to sell, I invite you to reach out to me Mary Ann Cadorna CalBRE01345274 since 2002 at https://www.MaryAnn.REALTOR, call 415-928-9099 or email me at MaryAnnCadorna@gmail.com

Now to get the Active Listings as of today Tuesday 02-16-2016:

20 Active Listings

5 Active

1 Active REO (Foreclosure)

12 New on Market

2 PCH Price Changes:

from $799.950. down (-$20,000.) to $779,950.

and $637,000. down (-$8,000.)to $629,000.

Price range begin at $300,000. up to $1,049,999.

2 Condos

3 Townhomes

15 Single Family Homes

Highest $1,049,999.00

Lowest $300,000.00

Average $637,647.00

Median $594,925.00

AVERAGE DAYS ON MARKET:

How many days the home stays on the market before an offer is

accepted and goes pending.

High 403

Low 1

Average 33

Median 4

Mary Ann Cadorna CalBRE01345274

A Pleasant Realtor for Pleasant Hill

https://www.MaryAnn.REALTOR (Search Properties)

https://www.MaryAnnCadorna.com (blog)

415-928-9099 Direct

866-939-1888 Fax

MaryAnnCadorna@gmail.com (email)