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Showing posts from January, 2022

NEWS RELEASE January 27, 2022 - Alameda County - #3 Agent of the Year Award

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MEDIA RELEASE January 27, 2022 Sunil Sethi Wins RateMyAgent's 2022 Alameda County - #3  Agent of the Year Award   SAN DIEGO, Calif., January 27, 2022 -- RateMyAgent an agent review and digital marketing platform for real estate professionals to generate, aggregate, and syndicate client reviews has announced Sunil Sethi as the winner of its 2022 Alameda County Award (Ranked #3 in the County). The Agent of the Year Awards program was launched in the U.S. in January 2021 with a one-of-its-kind virtual event. There is no formal nomination process or fees but qualification is based on active real estate professionals capturing verified reviews tied directly to the property transaction. This type of review provides greater transparency and authenticity for both the consumer and the industry in general. The awards represent excellent customer service and celebrate agents who have created remarkable client experiences. This is the first industry-wide, brokerage-agnostic...

2022 Real Estate Law Book Now Available Online

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Sacramento – The latest issue of the annual Department of Real Estate (DRE)  Real Estate Law  book is now available for viewing online on DRE's website . At the beginning of the book you will find the "Statute and Regulation Changes," which lists changes in the book from the prior year. Unless otherwise noted, the new laws take effect January 1, 2022. For a summary of real estate law changes, please see DRE's Industry Advisory,  "Summary of New Real Estate Laws." The 2022  Real Estate Law  book is comprised of statutes and regulations that should be familiar to those working in real estate and includes the following sections: real estate and subdivided lands law; regulations of the real estate commissioner; the Administrative Procedures Act; and pertinent excerpts from other California codes, including additional sections of the Business and Professions and Government codes. Please note that the  2022 Real Estate Law  book does not contain all laws relevant ...

2022 Home Prices Expected to Continue to Rise

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Last year the average increase in home prices per Zillow was 19%, this year they are predicting the average increase will be 11%. To give you an idea of what this means, take a look at these numbers.  2021 BOY 2021 EOY 2022 EOY $840,336 $1,000,000 $1,110,000 $924,370 $1,100,000 $1,221,000 $1,008,403 $1,200,000 $1,332,000 $1,092,437 $1,300,000 $1,443,000 $1,176,471 $1,400,000 $1,554,000 $1,260,504 $1,500,000 $1,665,000 $1,344,538 $1,600,000 $1,776,000 $1,428,571 $1,700,000 $1,887,000 $1,512,605 $1,800,000 $1,998,000 $1,596,639 $1,900,000 $2,109,000 $1,680,672 $2,000,000 $2,220,000 $1,764,706 $2,100,000 $2,331,000 $1,848,739 $2,200,000 $2,442,000 $1,932,773 $2,300,000 $2,553,000 $2,016,807 $2,400,000 $2,664,000 $2,100,840 $2,500,000 $2,775,000 If you had bought in the beginning of 2021 you would have paid around $840K, at the end of the year the home was going for $1M and by the end of 2022 it'll be selling for $1.111M.  This story has been consistent every year since the market reb...