If you’re thinking about buying a multi-family property in Silicon Valley, which may be a great investment strategy, there’s a certain way to go about it. Here’s what you need to know. Buying a multi-family property is different from purchasing a single-family home. You’ll likely have to secure special financing (unless you’re buying with cash),
The past year has shown us record low interest rates, making many people consider their options for purchasing a home. So what does the process entail, how does it all work, and how long does it take? Here are the steps to buying a single-family home. If you’re thinking of buying a home but aren’t
When you’re selling a duplex, triplex or fourplex in Silicon Valley, it may make sense to have the property inspected for pests – and to get a roof inspection done – before you put it on the market. Here’s what you need to know. Should You Pay for a Termite Inspection Before You Sell a
When you’re selling a duplex, triplex or fourplex – or even a single-family home – in Silicon Valley, you need to know that the buyer’s lender will require an appraisal. The appraisal is the hinge that can make or break your real estate deal. What is an Appraisal? An appraisal is an opinion of value.
When you sell a duplex, triplex, fourplex or single-family home in California, your real estate agent will put together a contract that protects you and the buyer. The contract, once signed, will become a legally binding agreement between you and the investor who buys your property. So what goes into a purchase contract, and how
When you sell a duplex, triplex or fourplex in Silicon Valley, the state of California requires you to tell prospective buyers about faults in the property. You’re not required to list every crack in the sidewalk or every chip in the paint – but you are required to disclose any material defects in the property.
Your buyer will likely hire a home inspector before finalizing the purchase, but you should have a pre-listing home inspection of your own to ensure the sale proceeds smoothly and quickly. Although it is optional, a pre-sale home inspection can help you uncover any unknown issues lurking under the surface that might become issues at
If you’re a real estate investor – or if you’d like to become one – you may be able to take advantage of a 1031 exchange. But what is a 1031 exchange, what are the rules about using it, and can you use it for a vacation home? Here’s what you need to know. What
When you’re ready to buy a multifamily property in Silicon Valley, whether you’ll rent out each unit or occupy one while renting out the others, you’ll need to follow a specific set of steps to get to the closing table. The purchase process for multifamily properties, including duplexes, triplexes and fourplexes, is different from buying
An owner-occupied property simply means that the property owner lives in one of the units as a primary residence while renting out the rest. For many people, this is a smart investment strategy – essentially, the tenants pay the mortgage (in a roundabout way), and you can use the money to make improvements or other