How Our Marketing Sells Idle Homes

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Today, I’m standing in front of 1465 Calla de Oro, Thousand Oaks, CA, and we just closed escrow on this home. The former owners tried to sell the house unsuccessfully for 35 days and then contacted us because of our marketing abilities. This is just one of the reasons why we were able to sell this home quickly and for top dollar, and now the sellers are on their way to their new home in Atlanta Georgia.To learn more, watch this short video!

How Has the Gas Leak Affected Porter Ranch Real Estate?

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Everyone has been asking me about the gas leak that has been affecting our community. Since December, we’ve gotten hundreds of inquiries into what to expect with our real estate market due to the gas leak.

Since December 15th, we have had 59 closed escrows in the zip code of 91326. Of these closed properties, the list to sale price ratio was 98.1%. That’s pretty good, considering the conditions that have arisen as of late.

Overall, the real estate market has actually improved since last year. At our last two open houses in Renaldi, we have had nearly 70 interested buyers at each showing. This might be due to low inventory, rising interest rates, or improved affordability.

Simply put, this gas leak has not put a dent in our local market. We’re still in a very desirable area with some of the best schools in the state and the country. Low interest rates are also driving a lot of buyers to our doorstep.

If you want to sell your home, visit www.your91326.com for a free home evaluation. We look forward to hearing from you!

What Should You Ask Your Tax Advisor About Capital Gains for Rentals?

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Today I have my tax expert with me to discuss some questions you might want to ask your local tax professional about capital gains in investment properties. Craig Thomas of the Thomas Tax Group is here to discuss some of these important questions. 

The first thing he always asks his clients is why they want to sell their rental properties. A typical answer is that they need the money. However, there are many other ways to find money, so he always recommends that they look at other options before selling.

He also hears from a lot of his clients that they are tired of their rental properties, and he always suggests a 1031 Exchange, which allows you to trade for another rental of similar or higher value. You can defer your capital gain until you get out of the rental business.

He also hears from people that they simply want to get out of the rental business. He reminds them that they will have to pay a capital gains tax to pay on their net gain from rentals. He usually suggests budgeting 30% of those net gains for taxes.

The 1031 Exchange is a great option for those that don’t want to pay a tax on capital gains. Craig suggests hiring a 1031 Exchange Accommodator to ensure that everything goes according to plan.

Hopefully this was valuable for you. If you have any questions, please don’t hesitate to ask me!

This Buyer Enjoyed a Seamless Transaction After Months of Searching

"This home buyer was extremely relieved when we started working together because she had been looking for a home for months without any luck. She found my team to be refreshing because we were very professional, but we're always able to make time to speak and accomplish any tasks that the buyer may require.

We worked so hard to get her into the home that she wondered if we ever slept! I promise we do sleep, but we also work very hard for our clients." - Scott