IN A PERFECT WORLD- TOP 10 ITEMS TO GIVE YOUR REALTOR THIS X-MASS

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  • Write a testimonial on your agents blog.
  •  Introduce your favorite agent to all of your “WEALTHY” friends at a cocktail party set up for the agent.
  • I-Pod home portable speakers
  • Free gasoline for two months as your agent drives to appointments.
  • Charitable Donation to the Agents best cause.

Just Committed to a Lease to Purchase – Next Step To Exchange Properties ??

I have just signed a contract to lease/purchase a large commercial building that I can not exercise my purchase option until September 2008 with a minimum 60 day close of escrow. My question is what steps do I need to take in order to sell my current four other investment properties and use this money as the basis for a like exchange ?

Step 1- Interview and select a competent 1031 Exchange Company. Check for stability in the market place and a suitable insurance coverage for your sale funds on your relinquished properties to be safe while awaiting your exchange.

Step 2- Confirm all of the four sale transactions meet the proper exchange requirements with your accountant or advisor.

Step 3- Remember that the earliest the 1st property can sell is 180 days prior to the close of escrow on the newly acquired property. (in the example above the September 2008 option is exercised and C.O.E. 60 days is somewhere around November 1, 2008. So therefore counting backwards 180 days is somewhere around May 1, 2007 for the 1st of the sales to close escrow.

 

Remember and pay special attention to your close of escrow dates and not so much to your actual contract of sale dates. Interview a licensed Real Estate agent to help you with the decision process for guidance throughout this process including the possibility of selling your properties and structuring a lease back payment while in escrow awaiting the extended closing date.

TOP 10 WAYS NOT TO SELL YOUR HOUSE “FOR SURE”

Remember do not paint and leave all hooks in the wall.

Install your own “Front Yard” signs so they look different than other homes on market.

Allow your client to price their home based on the asking price of their neighbors home.

 Make sure the house is loaded with extra furniture’s and clutter to give that “Homey Look”

 Rush at the last moment and have the incorrect price listed on the “Open House” for Sunday.

THE NEIGHBORHOOD I LOVE

Imagine a neighborhood in the heart of Silicon Valley just minutes away from the busy city of San Jose….

The Victorian houses have been restored as if it were back at the turn of the century.

Walking down through the quaint streets you will experience a life style that attracts the young and elderly.

Continuing down the streets you see a community alive with hundreds of children running from house to house, with their trick or treat bags on a cool October night.

Traditions are a way of life in this Los Gatos neighborhood, whether it is the High School football game attracting families or the annual Children’s Parade with horse drawn carriage rides.

Quaint shops, and  excellent gourmet restaurants attract others to the downtown neighborhood every night of the week.

Please come and spend some time with me and you can see how unique Los Gatos can be…

Aka, The Mayor.