There's a common misperception that self-employed borrowers cannot qualify for mortgage financing in today's strict lending environment. While securing a loan for self-employed borrowers is a bit more complicated, advance preparation greatly improves the odds of a favorable outcome. Fannie Mae guidelines (followed by most lenders and loan programs) consider any individual with a business ownership interest of or exceeding 25% to be self-employed. There are four basic structures of self-employment (sole proprietorships, partnerships, corporations, and S corporations) and a lender's underwriter will have different requirements for their analysis of each one. Instead of looking at the specifics of each classification, let's outline…
Home Sales Prices Rebounding in the Bay Area - how is Marin County doing?
The SF Chronicle made breakfast more enjoyable than usual for thousands of homeowners around the bay today. Mumbling over coffee and scrambled eggs: Are there really droves of all cash buyers out there? Should we list our house now? For buyers the article spurred other questions; Is this THE time to buy? Have we missed rock bottom prices? Will rates spike now??
Let's take a closer look at Marin County. It is still too early to say that prices have increased significantly here. The median price has just crept up 2.3% as of August last year. But the number of homes sold has gone up with almost 30% during the…
I wanted to let our Marin Modern friends and clients know that I have a new Eichler listing which will be hitting the market next week.
Located at 2100 Elderberry Lane in San Rafael's Lucas Valley / Marinwood neighborhood, this is an updated Eichler home which will appeal to both Eichler enthusiasts as well as traditional home buyers. The property is located on a spacious corner lot and features:
- 3 Bedrooms / 2 Bathrooms,
- New modern kitchen and updated bathrooms,
- All new flooring,
- Huge yard with beautiful lush landscaping and ample room for relaxing and entertaining,
- 2 car garage parking.
Offered for sale at $775,000, 2100 Elderberry will be coming on market next week however you can call me directly at…
Don't Miss it! The West End Neighborhood celebrates National Neighborhood Day each year with a Block Party on the shortest street in the West End....Neame. All West Enders are invited to join in. Its fun for the young, old and those in-between. There will be live music with Bobby Bradford playing the banjolin along with fellow musicians on guitar and fiddle. The kids will stay busy with the Sponge Bob Jumpee House, a crafts table and Lego's corner compliments of West End neighbor Tim Bowen, owner of Play-Well TEKnologies. When it comes to food, we'll have hamburgers, hot dogs and best of all, It's It ice cream thanks to West End neighbor, Jay Bellin.
This year there will be Two Big Raffles. One Raffle is for 2 Pair of…
Price Reduction of $50,000 on this attractively staged 3 Bedroom, 2 Bath
Sausalito Multi-level View Home with Decks,Patios, Sauna, Wine Cellar,
1-Car Garage with additional space behind. Now and exceptional
Open this Sunday from 2-4 pm. Come by and experience the Sausalito Lifestyle! Then call your Agent and write an offer!
Beautiful views of San Francisco Bay, Alcatraz, Treasure Island, and the Bay Bridge can be found at my Fabulous listing located at 120 Crescent Avenue in Sausalito.
This multi-level 3 bedroom, 2 bath hillside home features hardwood floors, library, office/nursery, living room fireplace, sauna/shower, basement/laundry room, wine cellar, patios and decks. Kitchen amenities include granite countertops,…
Marin Modern Real Estate is pleased to announce that Rebecca Perl, Realtor, has joined our modern family!
A pillar in the Marin real estate community, Rebecca has successfully assisted clients with both the purchase and sale of residential real estate in virtually every town in Marin County.
We welcome Rebecca Perl to our Marin Modern Real Estate Team and would encourage you to contact her for experienced, knowledgeable representation when purchasing or selling a home in Marin.
Joe began his real estate career on the East Coast in 1986 and later moved to California, obtaining his California real estate license in 1997.
Prior to joining Marin Modern, Joe founded and built a successful real estate and mortgage services business in Sonoma County.
We welcome Joe Lucci to our Marin Modern Real Estate Team and would encourage you to contact him for experienced representation when buying or selling a home in either Sonoma or Marin County.
When holding a Sunday Open House in a neighborhood known for excellent schools it feels like there's a tsunami of Echo Boomers arriving from San Francisco. If I was to sum up the real estate market in Marin it would be a combination of changing demographics and the imbalance in supply and demand especially for homes under $800,000 which account for over 65% of the home sales in Marin. If this trend seems unique to Marin, it's not.
Charles Schwab's Chief Investment Strategist, Liz Ann Sonders said in the August "Investing Insights" newsletter that "she's not wearing blinders about slow job growth, underwater homeowners and foreclosures but the forces of demographics and supply/demand imbalances have begun to register their…
Yesterday several members of our modern real estate team took a fun break from our normal Bay Area real estate activities to pay a visit to the Sunset Magazine's 2012 Idea House in Healdsburg which was a modern prefab home designed by Architect Michelle Kaufmann and built by Blu Homes.
It was a fun event that was well attended by several members of our Marin Modern, East Bay Modern and San Francisco Modern Real Estate Team. We chartered a shuttle bus, toured the home together and had a fun team lunch in Healdsburg.
If you're interested in learning more about modern prefab possibilities in the Bay Area, I would strongly encourage you to contact me or a member of my team. We are the only real estate brokerage in the…
If you are up for some exercise, try a lengthy walk behind the San Francisco Yacht Club by going up one of the many the pedestrian lanes that run up and down Belevedere Island. Start on Beach Road and look for a steep set of…