The Down and Dirty truth about HOAs 

Not all HOAs are created equal- and here are some things you need to know BEFORE buying a property that has an HOA

One thing to pay attention to is the reserves, this shows how much money the HOA has put aside for repairs and future fixes. Also, this should show how much of your monthly HOA payment is allocated to reserves. This is going to be a sign of a healthy (or not so healthy) HOA

 READ the CC&Rs and BYLAWS!! These are going to show you what the HOA rules and regulations are, and what they may or may not allow. For example, if you have a large dog but the HOA only allows dogs with a 30lb weight limit, it may not be the right property for you

Lastly, pay attention to the Meeting Minutes, and any projected projects that may be coming up in the future 

Have more questions? Just reply to this email…We are always here to help! 

Do you know anyone who is looking to buy or sell this year?

There has never been a better opportunity for investors and we have a lofty goal to help over 100 families in 2023! If you have any family, friends or colleagues that might be in the market, we'd love an introduction so we can help them!

LET’S TALK APPRECIATION

Zillow and Pulsenomics released their Home Price Expectations Survey for the fourth quarter of last year. Survey participants included 117 of the top economists in the country and they were asked about their expectations for home price appreciation over the next five years.

Results showed that respondents’ average expected appreciation over the next five years is 23.3% cumulatively. To quantify this, if someone bought a $500,000 home and we saw 23% appreciation over the next five years, they would gain $115,000 in appreciation alone. This data shows there is great opportunity ahead in the housing market, despite the negativity you may hear in the media.

The audience for this survey–housing policymakers, risk managers, real estate and mortgage industry stakeholders, professional and academic economists—continues to grow. Here’s why:

The survey response data are unique and compiled from a large, diverse panel of subject matter experts.

• The survey response data set includes more than 100 authoritative, independent perspectives on the future path of U.S. home prices.

• Panelists share their year-by-year home price expectations over a five-year horizon.

• Experts supplement their home value forecasts with their opinions on topical issues pertinent to the U.S. housing and mortgage markets.

• The survey data are updated and published in a standard format every quarter, and freely accessible online.

• We’ve compiled more than a decade of historical expectations data and performance reports.

  
  

Particularly during these times of elevated market volatility, multi-year forecasts and objective viewpoints compiled from numerous experts deliver valuable independent perspectives that can help inform business plans and risk management policies.

Article Provided by Padi Goodspeed, Lender and SVP of Cross Country Mortgage

Science Safari at Alum Rock Park – San Jose, February 18

Let's LEGO! - Burlingame, February 21

The de Young Museum & Legion of Honor - San Francisco, February 3,10, 17,24

Après Village and Ice Rink - East Palo Alto, Now to Feb 25

Jammin' at The Crossing Jammin' at The Crossing - San Francisco, Feb 25

Willy Wonka by Children’s Theatre Association SF – 

San Francisco, Jan 29 – Feb 25

Fun for Families: Free Second Saturdays at Gamble Garden - Palo Alto, Recurring monthly on the 2nd Saturday

The 6th annual Black Joy Parade - Oakland, Feb 26

Marine Science Sunday – Sausalito, February 12, 26

Disney on Ice – Road Trip Adventure, Oakland, Feb 23-26

The Sound of Music – San Jose, February 17-26

Discover Art with NUMU – Los Gatos, February 28

STEM Saturdays - Burlingame, February 28

Penguins and Pajamas Sleepover – San Francisco Feb 28

Olivia is a miracle worker. She helped us buy our first home in a truly crazy market at a crazy time in a neighborhood that was beyond our wildest dreams, and she also helped us sell the house from afar during the pandemic when we needed to leave the bay area. Somehow Olivia manages to be professional, empathetic, authentic, and hard-nosed. She was a counselor, an educator, a negotiator, a navigator, and a straight-shooter. I really can't say enough - real estate aside, Olivia is in the top 1% of professionals I have worked with on anything, ever. Just pray that you can get her and her team to help you buy your dream home, or sell so that you can move to your next place confident in the way the transaction happened.

- A. C. 

We are a boutique residential real estate team helping clients achieve their real estate goals in the Bay Area. We are a group of women who specialize in different markets across the Bay Area, while following a custom process that allows us to help buyers and sellers achieve their real estate goals efficiently. Our team is top 1% of all realtors in San Mateo County and San Francisco with a total of $340M+ lifetime sales. We take pride in knowing that our clients become friends and refer us to their friends and family members because we work to make dreams become a reality. Once our clients speak to us for an initial call, they understand why we are different and why they want to work with us. We are your personal real estate concierge in one of the most dynamic real estate markets in the world.