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jane@janegrayrealestate.com

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Luxury Spillover Effect

Sacramento, once considered a pit stop by Bay Area Residents on the way to Lake Tahoe, has started to enjoy a spillover of the luxury property market thanks to the Silicon Effect, professional sports, and the growing economic impact of the region.  The number of homes selling for above $1M has increased exponentially with a…

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Know your voting consequences

Taxes.  Everyone’s favorite subject. A new ballot initiative is coming to California voters November 6, 2018.  Initiative 17-0013(titled:  CHANGES REQUIREMENTS FOR CERTAIN PROPERTY OWNERS TO TRANSFER THEIR PROPERTY TAX BASE TO REPLACEMENT PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE.) has been approved to be voted on by the People of California.  This initiative is shaping up to…

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Score more!

Did you know that there are 56 scoring models in FICO?  And what’s a FICO anyway?  Working in this business I come across all sorts of credit:  the good, bad, and the spectacular so I thought I was fairly in-the-know about credit when it comes to mortgage applications, but I learned a few things and…

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July 4th Festivities 2018

 Mid-summer holiday and patriotic fun.  Lots of opportunities to celebrate in your Red, White, and Blue. Can you believe it?  Next week is July and with it, the 4th of July and all the fun and festivities for Independence Day that match our hot and dry Sacramento summers with many special outdoor activities.  Looks like the…

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Buying a house is not like buying a hamburger

Aside from the fact that your house isn’t edible, here’s an important distinction:  A hamburger is personal property and a house is real property. Personal vs Real Property You can purchase a hamburger and, if you don’t like it or it’s unsatisfactorily presented to you, you could potentially give it away, give it back and…

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You didn’t tell me!

“You didn’t tell me there was asbestos in the house!  I’m going to sue you!” Last week, I walked you through why shopping for a loan mid-way through an escrow could cost you some cash if you’re a Buyer.  This week, we’re going to help Sellers avoid getting sued.  You’ll want to understand the importance of…

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Have the Winds Changed?

Big news today is that the growth of the US economy shot to 4.1 percent in the 2nd quarter (ending in June) ahead of the imposed tariffs.  So where does housing fit in the bigger picture? Doesn’t sound like housing could suffer any setbacks now, right?  We’ve been enjoying steady and consistent price appreciation year over…

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I didn’t know you could do THAT?

Today I signed papers to close on a rental property.  A first in my retirement account!  Say what? You’ve heard the mantra that when you are invested, you should be diversified, right?  Well, most people who have retirement accounts start by investing through a plan offered by an employer and the primary investment is stocks, bonds,…

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Been Schooled? Get Gray-ducated…

Psst.  I’m going to let you in on a little secret.  Zillow is a technology company and not a real estate fiduciary.  Might this matter to you as a consumer?  You tell me.  Real Estate Agents are licensed by the state and are required to represent buyers’ and sellers’ best interest.  Zillow, on the other…

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What IS the Market Doing?

 It’s that time of year when the market slows a bit before it tries to crawl into hibernation.  There’s a kicker this year though.  It started slowing before now.  We’ve been seeing some price drops and longer days on market.  Buyers aren’t jumping on the bandwagon as fast.  Does that mean our merry days of…

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