Selling can be overwhelming, but getting your home market-ready doesn’t have to be. We’re here to help wherever life takes you.
5 Reasons You Should Use Compass Concierge
1. Maximize the value of your home: Easily increase the market value of your home and sell for a higher price.
2. Show your home in its best light: From painting to flooring, Concierge services can help your home look its best before hitting the market.
3. Sell your home faster: Concierge helps you attract more buyers, so that you can sell your home quickly.
4. No upfront costs or interest: Funds will be advanced to you for home improvement services. When your home sells, you’ll pay the costs of services rendered.
5. Compass Concierge is hassle free: From assessing which updates will increase your home’s value the most, to recommending the best vendors for the job, you’ll have my complete guidance and assurance at every step.
The matrix of fees based on credit score and down payment has been updated: With a top credit score, the fees are still notably less than if you have a low credit score, but the penalty now for a lower credit score will be smaller than it was before May 1. Someone with a 659 credit score borrowing 75% of the home’s value, will pay a fee equal to 1.5% of the loan balance (before you’d pay a 2.75% fee). With a high score of 740 or higher, you’d have paid a 0.25% fee on a loan for 75% of your home value before May 1. After May 1 you could pay as much as 0.375%, a notable increase yet still significantly (4X) lower than lower score buyers. (Yahoo Finance)
The U.S. office vacancy rate reached a milestone in the first quarter when it rose to 12.9%, exceeding the peak vacancy rate during the 2008 financial crisis. Despite low unemployment, that figure marked the highest vacancy rate since data firm CoStar began tracking it in 2000. Commercial mortgages account for around 38% of the median U.S. bank’s loan holdings and North American public pension funds on average hold around 9% of their assets in real estate. BUT….not all commercial real estate is office: don’t forget warehouses, hotels, apartments, data centers, etc. Office buildings account for just 16% of commercial real estate. (WSJ)
Sometimes the best way to motivate people to move is via tax breaks… with inflation up, many legal figures and benchmarks that were voted into law were done so many years ago – the capital gains exclusion was set in 1997, over a quarter decade ago! – and things have changed to say the least. Congressman Jimmy Panetta (Monterey, CA) and Mike Kelly (PA-16) introduced H.R. 1321 – More Homes on the Market Act – which would double the capital gains exemption on the sale of a personal residence to $500,000 for a single filer and $1,000,000 for joint filers. This bi-partisan bill has been referred to the Ways and Means Committee. Read more about this important bill. If you want more inventory to sell, this could help, so reach out to your Congressman to support this bill. (Thanks to COMPASS Walnut Creek CA’s David Schubb for this!)
360 Furman Street, Brooklyn, NY
4 Bed | 3.5 Bath | $8,750,000 | Paul Dawson
A totally unique home architecturally crafted for a premium waterfront experience. Showcasing a substantial three-level floor plan highlighted by high-end appointments, bespoke wow factors, and a light-filled indoor-outdoor area.
1152 Cemetery Lane, Aspen, CO
4 Bed | 4.5 Bath | $12,000,000 | Steven Shane
The last house on Cemetery Lane with views of Red Mountain, Independence Pass, and beyond. Classic contemporary finishes of white oak, Carrera marble, and stacked stone blended with custom lighting and furnishings. The open kitchen and spacious great room comprise the upper level with large patio space for comfortable outdoor living.
9200 Stallion Drive, Austin, TX
4 Bed | 6 Bath | $4,200,000 | Mark Clausen and France Clausen
Welcome to this meticulously designed and stunningly crafted custom-built home, nestled amidst the breathtaking natural beauty of the Texas Hill Country. With two stories of spectacular long-distance views, this unique residence offers a spacious and inviting living environment designed for entertaining and enjoying the company of family and friends.
923 Piedmont Ave Northeast, Atlanta, GA
9 Bed | 9 Bath | 2 Half Bath | $3,350,000 | Matthew Doyle & David Goodrowe
Stonehurst has sat atop its stately perch in Midtown’s historic Garden District since 1896, maintaining its place as one of the most architecturally significant and well-preserved homes in Atlanta. Encompassing Midtown’s largest residential plot, Stonehurst’s three detached buildings are seamlessly connected by impeccably manicured lawns and highly curated specimen gardens.
Interested in learning more about how I can help you navigate this real estate market in your area or in other markets across the country?
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Have a fantastic week!
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Chawla Real Estate Team | DRE# 00890002 | M: 510.406.4836 | joujou.chawla@
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