Blog Posts in Category: Homes

12/16/2020

Buying a Home in 2021? Here Are 3 Things to Keep in Mind

Buying a Home in 2021? Here Are 3 Things to Keep in Mind

Owning a home is a huge undertaking but a potentially rewarding one. When you buy a place of your own, you get to build equity in an asset that can increase in value over time. You also gain the stability of not having a landlord who can decide to renew your lease or not. But if you think that 2021 is the year for you to buy a home, you should know what the housing and mortgage market could have in store. Here are a few things to keep in mind:
You might pay more than you think: According to the Mortgage Bankers Association, the average buyer took out a $375,000 mortgage to purchase a home as of late November. Home values across the country have skyrocketed in 2020, and once 2021 kicks off, they're apt to stay that way. If you're hoping to buy in 2021, prepare to pay a premium, especially early on in the year, when prices and inventory will likely be comparable to what they are now. We recommend you take some time this year to review your budget and then establish an outer limit for what you can pay.   more...

12/14/2020

Pending Sale with Darryl Glass: 5425 Shattuck Avenue, Oakland, CA 94609

Pending Sale with Darryl Glass: 5425 Shattuck Avenue, Oakland, CA 94609

This blog post will update with the most recent changes around this listing.
We are glad to announce that this attractive income property/fixer-upper in the Temescal neighborhood is now pending sale! 5425 Shattuck Avenue comes with tenants paying rent, period details throughout the home, and an incredibly spacious backyard with small cabin. This 4-bedrooms, 2-bathroom home could be a great handyman's fixer-upper or a flippers dream — Take a look at these images below:   more...

12/04/2020

Just Sold by Darryl Glass: 5329 Wentworth Avenue, Oakland, CA 94601

Just Sold by Darryl Glass: 5329 Wentworth Avenue, Oakland, CA 94601

This blog post will update with the most recent changes around this listing.
We are glad to announce that this newly-renovated home in Melrose at 5329 Wentworth Avenue has now sold! This fully remodeled and upgraded home features three bedrooms, two bathrooms, and a spacious backyard with mature fruit trees. This light-filled craftsman's style home also features an expansive private backyard, perfect for hosting those family gatherings or socially distanced BBQs.   more...

12/01/2020

Home-buying in the Winter will be different this year, here’s what you need to know …

Home-buying in the Winter will be different this year, here’s what you need to know …

Seasoned home buyers know that winter is usually the right time to begin househunting since many of their competitors wait until spring. But this winter, buyers may notice that despite the cooler temps and the holidays, they’ve got company — in fact, lots of it. COVID-19 kept buyers on lockdown for most of the spring season, so many are making up for the lost time by home shopping aggressively now.
Because of that, this winter is shaping up to be a seller’s market, with low real estate inventory, high prices, and bidding wars that could give new buyers seasoned competition. But buyers should not give up on purchasing this season. They’ll have to house hunt in new ways to win their homes. Here are a few strategies that will keep you ahead of the competition to get you in a new home by the new year.   more...

11/27/2020

Just Sold by Darryl Glass: 4760 Davenport Avenue, Oakland CA, 94619

Just Sold by Darryl Glass: 4760 Davenport Avenue, Oakland CA, 94619

We are excited to announce that this beautiful home at 4760 Davenport Avenue has now SOLD! This Redwood Heights ranch style home offers a spacious and sophisticated dual-level design, two-car garage, off-street parking, and multi-tiered level landscaped water-efficient grounds. The fireplace complements a host of amenities which including energy-efficient double pane windows, spacious galley-style kitchen, gleaming hardwood engineered floors, spacious countertops, freshly painted interior, and an abundance of garden space to enjoy and create long-lasting memories!
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11/24/2020

View An Interactive Map of How Much Your Neighbors Pay in Property Taxes

View An Interactive Map of How Much Your Neighbors Pay in Property Taxes

Walking down the leafy streets near Berkeley’s Oakville Avenue, and you’ll come across a three-bedroom, two-bathroom home whose value Zillow puts at $2.3 million. Its owners are paying $14,742 a year in property taxes. Go around the corner on the same block to The Plaza Drive, and you’ll see another two-bathroom, three-bedroom home with a similar Zillow value of $2.5 million. Its owners are paying about $5,464 in property taxes!
Welcome to the sometimes strange world of California homeownership, where the time when you purchased your home influences how much property tax you pay (2014 in the first case, 1995 in the latter). Now, thanks to a data visualizer Ian Webster, you can explore the vast tax gulfs among homes in Berkeley and beyond — and if you’re a relatively new buyer, you may get frustrated at how little many of your neighbors are paying.   more...

11/22/2020

Pending Sale with Darryl Glass: 882 Prospect Avenue, Oakland, CA 94610

Pending Sale with Darryl Glass: 882 Prospect Avenue, Oakland, CA 94610

This blog post will update with the most recent changes around this listing.
We are proud to announce that this elegant home in Cleveland Heights is officially pending sale after three days! This elegant home sits on a hill with a multi-level staircase leading from the street, overlooking the surrounding neighborhood! 882 Prospect Avenue and all of its outstanding curb appeal was listed once before with a few tenants. After finalizing a deal to relocate the tenant(s) safely, Darryl re-listed this home with beautiful decor by dressed to sell and received an excellent offer for his clients — take a look at these images below:   more...

11/21/2020

Smoking in multi-unit housing may become prohibited in San Francisco

Smoking in multi-unit housing may become prohibited in San Francisco

Photo by Andres Siimon on Unsplash Smoking in multi-unit housing and apartments may become prohibited in San Francisco soon. The City and County of San Francisco Board of Supervisors are considering an ordinance that would change the health code to “prohibit smoking inside all private dwelling units in multi-unit housing complexes containing three or more units.”
Introduced on November 3rd, this ordinance will face a vote before the full Board of Supervisors on December 1st. If the board votes for the change, San Francisco would be among 63 cities and counties in California to have smoke-free multi-unit housing. Crowning San Francisco as the largest city in the country to adopt a smoke-free policy. This new ordinance will also extend those rules to smoking or vaping in rented units. Almost half of San Francisco residents live in multi-unit housing and would be affected by this change.   more...

11/20/2020

Proposition 19 Passes, Here's What That Means For Property Owners

Proposition 19 Passes, Here's What That Means For Property Owners

Photo by Andrea Piacquadio from Pexels Proposition 19 has officially passed! California voters have approved a makeover to the state’s landmark 1978 law to limit property taxes with 51% support. The measure allows homeowners 55 and older, the disabled, and wildfire victims to carry low property tax rates with them when they move. Though, it strips property tax breaks from people who inherit property.
This new proposition is a substantial victory for the California Association of Realtors, who made changes to a similar initiative in 2018 that voters rejected by 20% points. The revamped proposal generated broad bipartisan support and only token organized opposition.   more...

11/16/2020

How will the 2020 election change mortgage rates?

How will the 2020 election change mortgage rates?

Photo by Tom Rumble on Unsplash
Key Takeaways The predictions today say that 2021 mortgage rates will be around 3%. Comparing mortgage rates to presidential election outcomes is hardly a direct proposition. If Biden issues a shutdown to curb the spread of COVID-19, rates could fall on fears of economic fallout. When you’re close to closing, keep your eyes on daily rates — and be ready to lock when they’re in your favor. What will happen to mortgage rates after the election? If you want to buy a house or refinance within the next few months, you should already be strategizing about how to lock the lowest interest rate. However, you may be wondering, how will the presidential election impact mortgage rates? Rates declined to a record low in 2020, but could a change in presidency cause mortgage rates to rapidly increase like it did in 2016? If you’re planning to buy or refinance soon, here’s what you should know:   more...

11/11/2020

Hayward City Council Votes NO on 2% Rent Caps!

Hayward City Council Votes NO on 2% Rent Caps!

The Hayward City Council demonstrated wisdom and long-term thinking last night in voting not to accept the Staff recommendation to limit future rent increases in Hayward to the Consumer Price Index - capped at 5%, with a floor of 2%.
The Hayward City Council held a meeting last night to vote on whether or not to accept a recommendation that limits rent increases to the Consumer Price Index (inflation) with a ceiling of 5% and a floor of 2%. Had the measure passed, rent increases in 2021 would have capped at 2%.   more...

11/04/2020

Just Sold by Darryl Glass: 1546 Hallbrook Drive, San Jose, CA 95118

Just Sold by Darryl Glass: 1546 Hallbrook Drive, San Jose, CA 95118

We are proud to announce that after ONE DAY on the market, this well-loved and cared for craftsman home is now SOLD! This home has been in the Tellez family since the mid-1960s in the Valley-View Reed neighborhood. The family sought after Darryl after his work with 1547 Hallbrook Drive, as he successfully found a million-dollar offer and went into contract within three days!
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11/03/2020

Just Listed by Darryl Glass: 2612 Crystal Avenue, Concord, CA 94520

Just Listed by Darryl Glass: 2612 Crystal Avenue, Concord, CA 94520

Now's your chance to own this charming updated three bed and two bath home. This home is a dream location for Commuters! Minutes away from freeways, both BART stations, and a short commute downtown to Todos Santos Plaza.
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10/27/2020

Bay Area Home Price Gains & Losses In Q3 2020

Bay Area Home Price Gains & Losses In Q3 2020

Photo by David Vives on Unsplash
Key Takeaways: The largest decrease in profit margins in the Bay Area was in San Francisco, C.A. is down from 71.3% to 64.5%. The most profit margins in the country with 14 of the top 15 typical home-sale returns on investment in the third quarter led by San Jose, C.A. at an 89% return. The top metro areas with a population of at least 1 million, where distressed sales made up the smallest portion of all sales in the third quarter were San Jose at 2.6%, and San Francisco, CA at 3%. A staggering 67.4% of listings in the combined statistical area of San Francisco-San Jose faced bidding wars. Overview: ATTOM Data Solutions, the curator of the nation’s premier property database, and the first property data provider of Data-as-a-Service (DaaS). Released a report that reveals that the typical third-quarter 2020 home sale in the United States generated a gain of $85,000, up from $75,000 in the second quarter of 2020, and $66,000 in the third quarter of last year. The typical $85,000 home-sale profit represented a 38.6% return on investment compared to the original purchase price, up from 37.5% in the second quarter of 2020 and up from 33.7% a year ago.   more...

07/23/2020

4 Great Ways to Build Equity in Your New Home

4 Great Ways to Build Equity in Your New Home

Congrats on investing in a new home! Now you may be wondering how do you increase its worth? One way to increase the value is by building equity. Equity is the market value of your home or property, minus your outstanding mortgage debt. Building equity is one of the most important financial benefits of ownership.
If you live in a market where home values are rising, your home may increase with the rising demand, and your equity will increase without doing anything. On the other hand, you can work on growing your home’s value by decreasing the amount you owe and increasing the value of your property.   more...

Due to the Shelter in Place order our office is closed to the general public. As an Essential Business we are still open.
To contact us please call 510.250.7918 or email us at team@adventpropertiesinc.com.
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