Articles tagged with: California

How does Prop 19 impact California residents? Watch this video

We've heard people asking about Proposition 19 in California, and this new legislation is getting a lot of attention and press in our real estate community.

This video provides a quick "in a nutshell" look at Prop 19. The upshot of Prop 19 could be negative depending on where you are, or positive.

Most notably, Prop 19 allows any California resident over 55 to take their current tax base with them anywhere in California. The new property can be in any California county and listed for equal, or even greater value.

Prop 19 also changes rules so far as inheriting a home from parent to child. Essentially, if a child inherits a home that was their parents' primary home and the child makes the home his or her primary home, the child may keep the parents' tax base. If the child makes it an investment or rental property, the tax base will be reassessed.

While we're focusing on the bigger picture of Prop 19, there are loop holes and caveats to consider. Contact us if you have questions about your specific real estate situation or need help buying or selling real property.

Realtor Redux: 3 inspired buyers; $10k over-asking

Realtor Redux: 3 inspired buyers; $10k over-asking

We specialize in advising homeowners on strategic home improvements they can make to increase their net proceeds when they go to sell, so when a previous client reach out to us for help getting his home ready for market, we were ready for the task.

Our client acknowledged his property was in need of inspired improvement. We immediately got to work on the exterior, removing overgrown shrubbery and making wood repairs prior to a full exterior re-paint.

We took a paint brush to the interior walls and installed new carpets, select lighting, mirror and faucet replacements. To cap it off, we took on a deep cleaning of the home and windows.

We listed the freshly prepared home on a Thursday at noon time. COVID-19 restrictions mean we still cannot host public open houses are allowed, but in the next few days scheduled 25 private buyer showings.

We ended up with three inspired homebuyers who made offers. After careful review and consideration of multiple factors, our client selected a buyer escrow for $10,000 above our increased asking price (we raised the price $10,000 the day prior to going on the market).

In the end, the seller spent approximately $18,000 on improvements to prepare the home for the market. By our estimates, his investment easily resulted in 3x cash return on the sales price of the home.

The Redux method has been proven time and again to result in both a faster sale and a higher sales price. We are believers in putting in the effort up front to have a positive and more favorable outcome for the seller.

Realtor Redux: An Inspired Improvement in Tustin

Realtor Redux: An Inspired Improvement in Tustin

When a past client from nearly 10 years ago contacted us to assist with the sale of his home in Tustin, we were thrilled to be trusted and for his loyalty.

He acknowledged that the home could stand for a bit of inspired improvement, and Martina was just the person to coordinate our efforts and oversee those improvements.

Due to the seller’s out of state moving schedule, we started the redux on the exterior of the home beginning with major growth and shrub removal from the backyard.

This was an impactful change as the yard had become overgrown and neglected, the owner liked the way the prior growth provided privacy for him but we knew it needed to be cleaned up to best show the size of the yard, and to allow more light into the home.

The client was entirely open to our ideas and suggestions and the work proceeded. The entire exterior of the home was repainted as well, but prior to the paint termite and wood rot repairs were completed.

Once the client moved out of the home, we were able to finish the interior improvements within three weeks’ time, which included: interior paint, new carpet, select lighting, mirror and faucet replacements and a deep cleaning of the home and windows.

Once ready for customized staging, Martina completed that task beautifully and made the home both feel more welcoming and feel much more modern than its 1968 age would normally show.

We completed the Redux by hiring our professional photographer to take beautiful photo and to complete a Matterport virtual tour.

Will our inspired improvements be enough to inspire a buyer to make an offer? Check back with us for the outcome of this significant Redux.

Video: Interview with John Reed of Le Potager in Fullerton

We love our locally owned businesses in Fullerton and wanted to interview local business owners check in during this challenging time and learn about unique ways they are finding to continue operating and serving their customers.

In this episode, James sits down with John Reed, owner of the antiques and home decor boutique Le Potager on Brookdale Avenue in Fullerton.


Company License #01272441

Company License #01272441

DRE #01189723 (Martina Bobbett)
DRE #01272441 (James Bobbett)