Blog Posts in Category: Planning

12/17/2020

Expertise.com's 2020 Best Property Managers in San Francisco

Expertise.com's 2020 Best Property Managers in San Francisco

Widely respected business recommendation website, Expertise.com, scored 178 Property Management companies in San Francisco, and we rank #1 (technically).
Expertise makes it easy to find the best local experts in your area. Their proprietary research and selection process identifies the top service professionals in over 200 different industries in major cities across the United States. Expertise features only objectively quantified and qualified professionals hand-picked by their selection process, and research to understand what’s important when searching for experienced and professional companies.   more...

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...

12/08/2020

The NeighborhoodLIFT® Program Helps Eligible Homebuyers with Down Payments

The NeighborhoodLIFT® Program Helps Eligible Homebuyers with Down Payments

Photo by Vlada Karpovich from Pexels
  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...

11/24/2020

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...

11/20/2020

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...

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...

08/26/2020

How to Protect and Prepare Yourself for Wildfire Smoke

How to Protect and Prepare Yourself for Wildfire Smoke

Climate change continues to impact our community dramatically, with California’s annual fire season lasting longer and setting new records nearly every year. Wildfire smoke poses a number of public health concerns, especially for children, seniors, and individuals with underlying heart and lung illnesses.
Protect Yourself from Wildfire Smoke: As the wildfires continue to affect the air quality in Alameda County, the Alameda County Public Health Department (ACPHD) reminds residents of the following guidelines to help protect their health from wildfire smoke:   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...

07/14/2020

Renters were particularly optimistic about home buying, according to the latest Fannie Mae survey

Renters were particularly optimistic about home buying, according to the latest Fannie Mae survey

After diving to nearly the lowest level in its history in April, an index measuring consumer viewpoint in the housing market bounced back significantly in June. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago. Renters were particularly optimistic about home buying, and it shows.
Home price gains continue to accelerate, so low mortgage rates are giving buyers much-needed help. The share of consumers who think it’s a great time to buy a home increased from 52% to 61% month to month, according to the Fannie Mae survey, while fewer Americans believe it was the wrong time to buy. Renters drove much of that improvement.   more...

06/25/2020

The Best Time to List in the Current Market Could Be Now

The Best Time to List in the Current Market Could Be Now

The Spring and Summer seasons are usually the best time to sell a home for those seeking to earn the most profits. Due to COVID-19, it remains uncertain if conventional wisdom may apply since buyers and sellers alike have slowly returned to the market.
The number of newly listed homes for sale on Zillow was down 39% on May 3rd, 2020, compared to the same day last year, further signaling a delay in the usual surge of spring listings this year.   more...

06/08/2020

San Francisco's lowest rent prices in 3 years, down 9.2%

San Francisco's lowest rent prices in 3 years, down 9.2%

Rents for one-bedroom apartments in San Francisco have dropped by 9.2% since June 2019, according to Zumper. That is the highest drop since the rental site started recording such data in 2015, and brings median one-bedroom prices down to levels not seen since March 2017.
With the economy wavering and unemployment numbers skyrocketing, witnessing such a steep dip should not come as a surprise. But many long-time San Francisco residents find the nearly double-digit year-over-year decline "shocking." Prices are unlikely to plateau anytime soon, with median one-bedroom prices in San Francisco dropping about 3% just in May alone.   more...

06/05/2020

4 Tips for DIY Spring Pest Control

4 Tips for DIY Spring Pest Control

Like clockwork each spring, pests will find a way to sneak in through the tiniest of cracks and crevices in your home, and you'll try your best to fight them off. Fortunately, taking just a few proactive steps before summer arrives can limit the number of bugs and rodents that come inside. Here are four tips to make your home a bug-free zone this spring and summer:
1. Fix Leaks and remove any standing water: Residents should notify property management of any roof leaks or other exterior leakage as soon as possible. Bugs enjoy the water, and any water sources close to your home will attract pests. Standing water in lawn furniture, plant containers, and toys can become a breeding source for mosquitoes and harmful micro-organisms. While carpenter ants and termites can tunnel through moist wood much like rodents and other animals.   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.
Hide Message