Bron Realty Group - Michel Bron
- Jun 29, 2021
Market Update - Buyer Demand Slowing but Don't Expect a Crash Anytime Soon...
The state of Real Estate in LA.
Bron Realty Group - Michel Bron
- Jun 24, 2021
Things You Can Negotiate For Beyond Sales Price of a Home... even in Today's Market!
Yes, its a competitive buyer's market but that doesn't mean as a buyer you can't negotiate for basic items in your offer or counter-offer. Here is a list of the most common items that can be negotiated during a sale. As always, your Realtor can give you the best advice on which items to ask for and how to go about it. 1. Repairs In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. But that’s a risky idea—yo
Nerdwallet.com
- Jun 1, 2021
Should I Buy Down My Mortgage Rate Before I Close Escrow?
What are Mortgage points? Mortgage points are fees you pay a lender to reduce the interest rate on a mortgage. Paying for discount points is often called “buying down the rate” and is totally optional for the borrower. How much does one mortgage point reduce the rate? When you buy one discount point, you’ll pay a fee of 1% of the mortgage amount. As a result, the lender typically cuts the interest rate by 0.25%. But one point can reduce the rate more or less than that. There’
Bron Realty Group - Michel Bron
- Jun 1, 2021
Is it the End of 1031 Exchange Tax Benefits?
President Biden has proposed new legislation as part of his 1.8 trillion dollar American Families Plan, to abolish the deferment of capital gains tax on income investment (residential and commercial) gains over $500K. This is part of a broad effort to have raise taxes on the rich to pay for the expansion of services including free pre-school to economically challenged Americans. Currently, investors can sell their current investments and "defer" taxes on their capital gains (
