There was another factor that weighed in on the story I told last week about throwing in commission to make a deal. The buyers were pregnant, and hoping to buy a home to which they could move in and get settled before having their babies. We closed escrow on April 30th, and yesterday they had […] The post Terramar Twins! first appeared on bubbleinfo.com ..read more

Richard’s new listing in Sorrento Valley is priced at $1,674,000, which is much lower than you see in nearby Carmel Valley. If it looks similar to vintage CV it’s because it was also built by Pardee: The post Sorrento Valley 5br first appeared on bubbleinfo.com ..read more

A new $3,000,000+ listing hit the MLS this week that was offering a 1/2% commission to the buyer’s agent. They also noted that to show the property, buyer-agents needed to submit proof of funds (bank statement) and pre-approval letter plus a 24-hour notice was required. Only one photo was included and no videos or matterport. […] The post Disincentive Program first appeared on bubbleinfo.com ..read more

My blog post on avoiding the capital-gains tax by minimizing your annual income was wrong – the IRS includes your gains as income too (thanks WC!). It leaves home improvements as the best way to reduce the taxable gain – hang onto your receipts: https://www.cnbc.com/2024/05/07/reduce-capital-gains-taxes-on-your-home-sale-.html While I’m on errors and omissions……a while back I said […] The post Reducing Capital-Gains Tax first appeared on bubbleinfo.com ..read more

Even with high prices and rates, home buyers insist on paying over the list price! It is good to see 200 sales again too – it’s been a while! NSDCC Monthly Sales and Pricing The post Over List, April first appeared on bubbleinfo.com ..read more

Donna deserves more credit than she gets around here and I’d like to try to make it right. Here is one of her biggest fans who is a fellow commission salesperson. Those of us who work on commission have a bond from the beginning – it’s a different lifestyle – and we appreciate the opportunity: The post Why Donna first appeared on bubbleinfo.com ..read more

This sales count is tremendous – and there will still be some late-reporters: The median sales price is back to being higher than the median list price, and it is 10% higher than it was last April – wow! The post NSDCC April Sales and Pricing, Preliminary first appeared on bubbleinfo.com ..read more

In the last seven days of April, there were 75 closings between La Jolla and Carlsbad – and there are 183 more that are still pending! Given the higher mortgage rates, this has to be peak performance, doesn’t it? The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings […] The post Inventory Watch first appeared on bubbleinfo.com ..read more

The phenomenal gains in home values have made the vast majority of local homeowners very wealthy…at least on paper. But when you sell your home, you’ll find that the IRS is a partner in your success. But the capital-gains tax depends on your income too. If your annual income can be flexible, then consider the […] The post How To Pay Zero Tax first appeared on bubbleinfo.com ..read more

I keep getting the question. ‘What are you going to do about these buyer-broker agreements?’ I told Donna yesterday that I’m probably not going to do them, at least not much. Oh, but you have to do them! Yeah, I know, but it probably means that I won’t work with buyers as much. This guy […] The post The Buyer-Broker Agreement & JtR first appeared on bubbleinfo.com ..read more