Chris Cervantes

A quick sale in real estate is when a property is sold quickly, often at a lower price than market value. It usually happens when the seller needs to sell fast due to financial hardship, relocation, or other urgent reasons. The goal is to close the deal quickly, often within a few weeks.

To see if you can afford a $500,000 house: 1. Down Payment: 20% ($100,000). 2. Loan Amount: $400,000. 3. Monthly Mortgage: About $1,900 for a 30-year loan at 4% interest, plus property taxes, insurance, and PMI. 4. Total Costs: Estimate $2,500"$3,000/month for mortgage, taxes, and insurance. 5. DTI: Ensure your total monthly debt (mortgage + other expenses) is below 36-43% of your gross income. Make sure the total monthly costs fit comfortably within your budget.

Mexican corporations are taxed on U.S. real estate income, including rental income and capital gains. Key points to know: Income Tax: U.S. taxes apply to rental income and profits from selling property. Withholding Tax: When selling, there's a 15% withholding tax on the sale under FIRPTA. State Taxes: They may also owe state and local taxes. A tax professional is essential to navigate these rules.

As a new realtor, you'll find that different agents have different approaches to open houses. Some host one every week, and others might do multiple a day, depending on their schedule and the market. I like to host at least one open house a month on the weekend to give the property good exposure without overwhelming myself. It's important to find a balance that works for you and your clients while also being mindful of the time and effort it takes to run a successful open house.

Hi Diane, great question aEUR" one that stumps a lot of people! Technically, a room doesn't always need a closet to be called a bedroom; it mostly depends on local building codes and what appraisers or buyers expect. In California, most folks do expect one, but it doesn't have to be huge or have fancy doors aEUR" even built-in shelves can do the trick! So, if it's got space for clothes and a door for privacy, you're pretty much in " bedroom territory.aEUR?

Buying a home can feel overwhelming, but it doesn't have to be. Follow these simple steps: Get pre-approved for a mortgage so you know your budget and show sellers you're serious. Decide on your lifestyle needs, must-haves, and preferred neighborhoods to find the right home, whether it's a single-family house in Solano County or elsewhere in the Bay Area. Submit an offer once you find your dream home, and get help determining a fair price and negotiating terms. Complete inspections and appraisals to uncover any hidden issues and confirm the home's value. Close the sale by signing documents, paying closing costs, and getting the keys aEUR" congratulations, you're officially a homeowner!

Hi Alison, Great question! A buyer's agent is required to disclose any relationships that could create a conflict of interest, so you can make informed decisions. Knowing the listing agent socially, or as an ex in-law, doesn't automatically void a contract. In your case, the husband on the team being the listing agent's ex-brother-in-law would typically just be considered a disclosed relationship. Whether it's enough to affect the contract depends on the details and local laws, so if you're concerned, a quick chat with a real estate attorney can give you peace of mind. The most important thing is that you feel fully informed and confident throughout the process aEUR" that's what good representation is all about!

Hi Ryann, You're thinking about this the right way. Just because you're pre-approved for $475,000 doesn't mean you have to spend that much. Pre-approval is the bank saying, " This is the max we'll lend you,aEUR? but your comfort and lifestyle matter even more. Focus on a monthly payment that feels manageable aEUR" one that still leaves room for savings, fun, and unexpected expenses. You can always look at homes a little below your pre-approval or adjust your down payment to lower the monthly cost. At the end of the day, buying a home should feel exciting, not stressful. Pick a price that lets you sleep at night and still enjoy life aEUR" that's the sweet spot!

Hi Cheryl, Yes, you can pause selling your home if you need a break, especially around the holidays. Three weeks on the market is still early, and taking a short pause doesn't mean buyers will think your house isn't desirable. It's totally normal to want to enjoy the season without keeping everything " showing readyaEUR? all the time. When you're ready to list again, you can refresh your marketing and relist aEUR" sometimes a short break can even make your home feel fresh to buyers. The key is to do what helps you feel comfortable and enjoy your holidays.

Hi George, Yes, your mom can help pay the mortgage even if the house is in your name. Just keep in mind that since the loan is in your name, you're legally responsible if anything happens. A simple written agreement can help keep things clear, and it's a good idea to check with your lender or an attorney to make sure everything is set up correctly. That way, the house is yours, she can help, and everyone's protected.

Hi Beth, Home buying is stressful enough without fighting the battle of " who forgot deodorant?aEUR? If your agent's hygiene is making you gag, it's okay to either gently ask him to freshen up or politely switch agents. Your comfort matters aEUR" no house is worth holding your breath for!

A Buyer's Broker Representation Agreement is a contract between you and a real estate agent or broker. It explains that the agent will represent your interests exclusively in your home search and purchase. The agreement usually covers how the agent will help you find homes, handle offers and negotiations, how the agent will be compensated (usually the seller pays the commission), and how long the agreement lasts. The main goal is to protect you and make sure your agent is fully committed to getting you the best deal. You typically don't pay anything upfront aEUR" signing just means you agree to work with the agent. It's always a good idea to read the agreement carefully and ask questions so you feel comfortable with the terms.

Hi Kristin, Here's a simple step-by-step way to get ready to buy a home in California: Get pre-approved " meet with a lender to see how much you can borrow. Gather your documents " have proof of income, savings, and a photo ID ready. Find a home " look for homes that fit your budget and needs. Make an offer " show the seller you're serious with your pre-approval and documents. Close the sale " complete inspections, finalize your loan, and get your keys! Being organized with your documents and pre-approval makes you a stronger buyer and helps the process go smoothly. If you're ready to start your home search or have questions, reach out to me or my team today aEUR" we'd love to help you find your dream home.

Hi Rhonda, It sounds like you've been patient, but 117 days on the market is definitely frustrating. Constantly changing the price can sometimes confuse buyers, and yes, a long time on the market can make people wonder why it hasn't sold. Relisting with a fresh approach can actually be a smart move aEUR" it makes your listing feel new again and can attract buyers who may have overlooked it before. Also, take a close look at the marketing strategy. Sometimes small tweaks aEUR" better photos, virtual tours, or new exposure online aEUR" can make a big difference. If you'd like, I can give you some ideas to refresh your listing and get it moving again. Reach out and let's see how we can get your house sold!

Hi Sara, Buying a home with less-than-perfect credit is still possible, though it can take a bit more planning. Here are some tips: Check your credit report " make sure there are no errors dragging your score down. Consider FHA or other government-backed loans " these allow lower credit scores and smaller down payments. Save for a larger down payment " putting more money down can make lenders more comfortable approving your loan. Work with a mortgage broker " they can help match you with lenders who specialize in buyers with lower credit scores. Keep your finances stable " avoid taking on new debt and pay bills on time to show financial responsibility. Even if your credit isn't perfect, being organized and prepared can help you become a strong buyer. If you want, I can help connect you with lenders in California who work with buyers in situations like yours. Reach out anytime, and let's make your homeownership goals happen!

Hi Becky, In most California home sales, the seller sets the total commission, and it usually gets split between the listing agent and the buyer's agent aEUR" kind of like splitting a pizza, usually equally, but sometimes with a few extra toppings for one side. As a buyer, you typically don't pay your agent directly, so there's no need to haggle over their slice. The best focus is on finding an agent who fights for you and helps you get the best deal aEUR" the pizza tastes better when you have the right partner at the table!

Good question, William aEUR" and honestly, you're not the only one wondering if open houses are just an excuse for your agent to eat cookies in someone else's kitchen. dY?a Here's the deal dY'? 1. Open houses can work aEUR" if they're done right. Yes, some people come just to check out your dA(C)cor, compare paint colors, or " get ideas.aEUR? (Translation: free air conditioning and snacks.) But serious buyers do wander in too aEUR" especially if they're out shopping that weekend and your home catches their eye. 2. The follow-up matters. A lot. If your agent isn't collecting names, emails, or at least pretending to take notes, that's a red flag dYs(C). How's anyone supposed to follow up with " that nice couple in the blue shirtaEUR?? Flyers and sign-in sheets aren't optional aEUR" they're how you turn curious visitors into real leads. 3. Even if no one buys that day, it's still free marketing. An open house boosts visibility aEUR" it puts your home all over Zillow, social media, and neighborhood chatter. (" Did you see that house down the street?!aEUR?) You never know which friend-of-a-friend might come back with an offer later. 4. ButaEUR| it's not magic. An open house won't sell your home by itself. It's just one part of a bigger plan aEUR" kind of like the appetizer before the main course. dY?? Bottom line: Open houses aren't a total waste of time, but if your agent's not engaging guests, following up, or at least pretending to hustle, then yeah aEUR" it might just be a weekend hobby.