Why You May Want to Cash in on Your Second Home

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of […]

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Why This is Not Like 2008 Again

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small […]

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3 Crucial Things To Prioritize When Selling Your House

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid costly mistakes and […]

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Housing prices surge across San Diego County, California as discussed by Jim Bottrell and KUSI’s Hunter Sowards

The median price of an existing, single-family detached home in San Diego County rose to $825,120 in April, an increase from $800,000 a month ago, mirroring a spike across California that brought the state’s median price above the $800,000 benchmark for the first time, a real estate group said. San Diego County’s median home price […]

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Your House Could Be the Oasis in an Inventory Desert

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of […]

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Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. […]

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Biden proposal would end the popular 1031 exchange

A tax loophole that began for 1920s America is at risk of being eliminated in President Joe Biden’s new $1.9 trillion economic plan, in which he plans to fund new social programs. The tax break for real estate owners has allowed them to defer paying capital gains on property sales, and instead use the profits […]

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‘It’s a buyers, and a seller’s market,’ says Jim Bottrell

Interest rates are at a low point right now, Jim Bottrell said, Owner at Jim Bottrell Real Estate Team. Both buyers and sellers benefit from this unique time in the market, he emphasized. Bottrell detailed the differences between renting and owning, creating generational wealth through real estate, and more. Watch the full KUSI segment here! […]

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Home owners pay less taxes than renters, says Jim Bottrell

Inventory of available homes is especially low right now, making home prices soar even more, explained Jim Bottrell, Owner at Jim Bottrell Real Estate Team, this past weekend on KUSI News. People who own homes still pay less taxes than people who rent, Bottrell confirmed, citing that most of the time when landlords change rent […]

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