Since when did getting a mortgage become synonymous with an FBI background check? Why do they need so much paperwork? Is my lender watching me right now?

According to Keeping Current Matters, there are two reasons why getting a mortgage requires more effort today:

• The bank has set new guidelines that requires the lender to prove, beyond all reasonable doubt, that buyers can afford to pay their mortgage.  A product of the housing crisis, this ensures that strict qualification standards are met to avoid another 2008 catastrophe.

• The banks don’t want to be in the real estate business. Since 2008, the banks have had the burden of taking on millions of foreclosures and short sales. The new guidelines are a safety net against a repeat…

What New Tax Bill Means for You

The 2017 Tax Reform bill is inching closer to reality. Since most Californians are on edge about the new laws, we thought it would be helpful to highlight the importance of the new potential tax laws with emphasis on Real Estate implications.

At Narodny Real Estate, we are not writing this as a Democrat or Republican, but as Real Estate professionals. Our opinion of this tax bill is, well, that it’s horrible for the housing market. Downright awful. Let us dip your toes into this new Trump tax dimension.

According to Inman, here are the takeaways:

• Reduction of mortgage interest deduction for new buyers

• Previously at $1,000,000, the new cap for mortgage interest rate deductions will be at…

Have you ever listened to a stand-up comedian draw parallels between the apocalypse and the day that Millenials take over the work force? Well...that day is almost here. Fear not my Gen X and Baby Boomer friends! Although Millenials are becoming more formidable in today’s marketplace, there’s no reason to run for the hills. They are actually shaping up to be just like you - in pursuit of homeownership as part of the American Dream.

The rental market is FINALLY experiencing a slowdown. According to a recent article by the Wall Street Journal, rental inventory has been rapidly increasing to meet the demand of an outrageously high priced and competitive lease market. According to WSJ, the adjusted rate of apartments under construction now stands at…

Mortgage interest rates have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to hesitate and lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows, making it still a very good time to purchase a home.

Although rates are rising, they are still below 5%. Take advantage while you still can to have extremely low monthly payments.

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past three years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers.

However, the report also revealed that 95% percent of buyers that used the internet when searching for a home purchased their home…

We live in a very social world. Or rather we live in a very social media world. For the modern entrepreneur, social media sites have become one of the most efficient ways to promote their business. 

So, in this article, let’s look at the top tips to help you set up your social media brand so that you can flourish online.

Market Research is vital for any starting business and without it your company will be doomed to fail. The Marketing Donut puts finding customers at number one on its list about creating a business page on Facebook. Nearly every business has a social media page even companies you would never imagine would need one. Social media sites like Facebook and Instagram are a great way to update your customers and directly contact them.

The…

This old world English Tudor home was designed by renowned Architect Arnold Sutterland Constable of England. Built in 1926, this handsome home is steeped in history, character and charm. Nearly every room of this hillside home has a panoramic view of the San Francisco skyline, from the Marina to Treasure Island and beyond. The living room opens to 18 ft tall vaulted ceilings with old hand hewn beams, a classic clinker-brick fireplace, cozy inglenook, and new living room extension with a spectacular view of San Francisco and the Bay.

 The formal dining room has a full city view as well, with French Doors that open to the new observatory deck for entertaining or al fresco dining. Hand milled Newell posts and gothic iron railing carry the design theme…