Chic vs. Geek: An agent or a partner?

Selling a home is one of the biggest things you’ll ever do. You want to work with an agent who will do more than just get the sale. We use our unique perspective and experience to guide you through the process from start to finish – and beyond! Here’s how…

CHIC (PEARL)

Whether you need to increase your property value or expedite your sale, we’ll give you custom solutions that are just as unique as your home. Need to upgrade your home to sell at a higher price but don’t have the funds? Our Compass Concierge program can provide you with a no-interest loan, and I have an eye for how to curate a strategic first impression that drives buyer excitement. By expertly staging and strategically marketing your home, we can drive early offers, and make your sale as profitable as possible!

GEEK (KEVIN)

As you’d expect for realtors in the heart of Silicon Valley, we use live data to competitively price your home based on today's market. With access to real time market data, I can provide you with a targeted valuation strategy that drives results. Additionally, Compass proprietary technology allows us to compare your home price to similar listings so we can sell with confidence. Get in touch today to start the conversation and discover more about how we can elevate your selling experience.

Chic vs. Geek: The Benefits of Paying Taxes

Buying your first home can be a daunting commitment when you add up a monthly mortgage, property tax increases, and potential renovations. But there’s a silver lining to these expenses.

CHIC (PEARL)

It may seem like a long, uphill climb now, but I guarantee that nobody who bought their first home 10 years ago regrets the decision, no matter what they had to pay. That’s mainly due to the appreciation of the home’s value, but it’s also about the tax benefits. For one thing, you’re living in the home rent-free, and you’re not being taxed on income from renting the property. You can also deduct mortgage interest and property tax payments, as well as certain other expenses from your federal taxable income, as long as you take the time to itemize your deductions. Additionally, you can exclude capital gains you get from the eventual sale of the home – up to a limit, of course!

GEEK (KEVIN)

True, the benefits of homeownership outweigh any of the negatives, but it’s important to note that homeowner tax deductions and exclusions are worth more for folks in higher tax brackets than to those in lower brackets. For example, according to the Tax Policy Center, deducting $2,000 for paid property taxes saves someone in the top tax bracket about $740, but it only saves a taxpayer in the standard bracket $440. And despite representing only 26% percent of all taxpayers, folks with incomes of $100,000 or more get 90% percent of the tax benefits from the mortgage interest deduction. That’s because they’re likely paying more and itemizing their returns.

Chic vs. Geek: What’s keeping you home?

The pandemic has forced us to adjust to new ways of living – and working – in our homes. What’s one thing around the house that makes it easier?

CHIC (PEARL)

A lot can be said for the simple things like a solid WiFi connection and a good coffee maker, but give me my standing desk any day of the week and twice on Sunday. There’s nothing better for maintaining good posture and circulation while you’re busy staring at a computer screen for up to eight hours a day. These days, you don’t even need to buy the full desk. Most office supply companies sell toppers and attachments for the desk you already have in your home.

GEEK (KEVIN)

I’ll admit it. I’m addicted to soda and fizzy drinks of all flavors, colors, and styles. But I never truly embraced my addiction until the pandemic hit, and I realized we were spending tons of money on sodas and sparkling waters. So I bit the bullet and bought us a Soda Stream. And we will never go back. Not only can I have any kind of refreshing beverage anytime I want it, we’re also keeping thousands of aluminum cans and plastic bottles out of our landfills and oceans.

Chic vs. Geek: New Laws for 2022

A number of new regulations took effect in California as of January 1 that will impact the real estate industry.

CHIC (PEARL)

AB 1466 ensures that any discriminatory and/or racist language will be removed from all real estate covenants, as our industry continues to lead the way in building a more inclusive and respectful world.

Speaking of inclusion, SB 263 will require all real estate agents to complete implicit bias training as part of the license renewal process to help us recognize and take actions to address our unconscious prejudices. 

AB 44 allows real estate agents to use former legal surnames for their business. This is especially important for agents who get married after building their own brand.

GEEK (KEVIN)

You may have heard about SB 9, which streamlines the approval process for property owners to subdivide and create up to four housing units on a single family lot. What you’re not hearing is that the costs are fairly prohibitive for the average owner.

AB 948 requires every real estate contract to include a notice to buyers that the appraisal of their new home was unbiased and directs buyers to file complaints with the state Dept. of Real Estate (aka, DRE).

And AB 633 will prevent the abuse of partition actions in cases of related parties inheriting a property that one of them wants to sell.

Thanks to California Real Estate magazine for the assist with this breakdown. Read the original article here.

Geek's Number Talk: Climate Market Impacts

Last year, the Union of Concerned Scientists issued a report called Underwater: Rising Seas, Chronic Floods, and the Implications for U.S. Coastal Real Estate. Under their worst-case scenario, rising global temperatures and loss of polar ice sheets will result in 1.8 feet of average sea level rise by the year 2045. That puts around 300,000 homes in the United States at risk. At this point, it’s no longer about prevention. It’s about stemming the tide. Read the report here.