Fremont Real Estate Blog

Here's a summary from IPX: Tax Reform is behind us and we are happy to report that Section 1031 remains in the Tax Code. Now that investors and businesses have seen the details of the tax legislation, interest in structuring real estate transactions as 1031 tax deferred exchanges has seen great momentum. Here are some points to consider when contemplating a 1031 tax deferred exchange: 1031 Exchanges are used to defer taxes only on real estate. 1031 Exchanges for personal property were eliminated in the Tax Cuts and Job Act of 2017. 1031 Exchanges allow taxpayers to defer capital gain taxes and depreciation recapture taxes and the 3.8% Net Investment Income Tax. To completely defer payment of any capital gains taxes, taxpayers need to purchase Replacement property with a value equal to or greater than the property that is being sold. In some cases the taxpayer may purchase a property of lesser value and still defer a significant amount of tax. 1031 Exchanges follow strict time l...

Tomorrow ​ (2/27/18)​ will be your LAST, but also BEST opportunity to stop the East West Connector as currently planned.   The city council was trying to rush this decision through quietly.  But this is now receiving the attention it deserves.  Mercury News blasts funding diversion from Rail to Highway: https://www.mercurynews.com/ 2018/02/26/union-city-looks- to-divert-75-million-in- public-transit-funds-for-new- 320-million-road/ Bike East Bay declares Opposition to East West Connector Proposal: https://www.mercurynews.com/ wp-content/uploads/2018/02/ bike-east-bay-opposition-to- east-west-connector-proposal. pdf East Bay Times provides additional information on UC fiscal emergency: https://www.eastbaytimes.com/ 2018/02/22/union-city-council- to-weigh-fiscal-emergency- declaration/ The East West Connector has been on the books since the 60s and reflects the thinking of that era.  This $320M road is oversized.  This 90ft wide road will cross the Old Alameda Creek twice and will const...

Crunch Time for Tax Portability Initiative The deadline to submit signatures to qualify the Tax Portability Initiative for the November ballot is   Feb. 28 .   According to the California Association of   REALTORS ®  (C.A.R.), more signatures need to be collected in order for the Initiative to qualify and to send a message to the State legislature that Californians want tax portability now. C.A.R. recently updated the petition form used to collect signatures.  The new version has fewer pages and room for nine signatures. The updated petitions are available at the Bay East offices in Pleasanton and Alameda. Two Cities Studying Real Estate Transfer Tax Rate Increases Hayward and Union City are both studying increasing their respective real estate transfer tax rates. Officials from both cities claim that raising the transfer tax rate would help address significant budget shortfalls. Voters in Hayward and Union City would have to approve raising the rates.   .

Just got this message from KB.  If you are interested, call me.  -Sunil  -------- Good Afternoon,   I would like to thank you for taking the time to get pre-approved with our preferred lender and getting on the VIP list.  We just released home sites 79-82, 110 and 111 for sale today and would like to extend the opportunity to purchase to everyone on the VIP list first.  We require 3% deposit to reserve a home site and we will offer these homes to VIP buyers on a first-come first-served basis.  Pricing below is for base price and lot premium only.  Each one of these homes have reached a point in construction where cabinet and electrical options have already been selected, and those upgrades will be added to the purchase price.  We can provide you with details on the interior selections at the point of home site reservation.   Lot 79 (Plan 2) - $1,000,000 Lot 82 (Plan 2) - $1,000,000 Lot 110 (Plan 4) - $1,105,000 Lot 111 (Plan 4) - $1,090,000   Please note that pricing is subject to ...

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. Housing Inventory Snapshot January  30,  2018   Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend Number of Listings Alameda County, CA Single Family under $1M $679,393 3.69% $669,000 2.93% 30 -24 321 Single Family over $1M $2,134,464 -7.93% $1,549,888 3.33% 69 -31 146 Condo/Townhome under $600K $481,342 2.34% $498,000 -0.20% 27 -7 62 Condo/Townhome over $600K $865,510 6.05% $768,772 1.89% 27 -26 85 San Mateo County, CA Single Family under $1M $857,640 4.74% $858,000 4.01% 19 / 5 -20 / -30 43 Single Family over $1M $4,642,253 -18.13% $2,349,500 -17.56% 71 / 41 -50 / 24 173 Condo/Townhome under $600K $533,252 0.00% $525,000 0.00% 27 / ...

this was just passed to me by New Haven Unified. ​