January 2024

With January and the Super Bowl behind us, the new selling cycle is in full effect. We’ve had well over a hundred people through each of our open houses as interest rates have dropped in the 6% range. Homebuyer assistance programs increased last year to 2,300 while new home sales are keeping the market afloat since builders are offering amazing incentives and discounts to keep buyers buying. Home owners in California can reduce their home’s assessed value of their owner occupied property by $7,000 thus reducing their property tax bill. Signing up for the exemption also allows owners to transfer their homes to one or more of their children via Prop 19 without it being reassessed for property tax purposes. This saves the recipient from paying potentially enormous tax increases. The recipient must apply for the homeowner exemption within one year of transfer. 

How’s the market? Some buyers are ready to buy right now while others are waiting for interest rates to drop. When that happens, we will be back in a multiple offer bidding war scenario. The Guy Blume Group knows how to position your property and negotiate the highest and best offer for your property no matter if it’s outdated or updated. Care to have a conversation? Call us today! My direct line is 510-846-4687.