REALTY DIGEST
I f you READ o N fo R
th E NE xt 15 SEC o NDS, you
l I f E C h AN g IN g !
Scan the QR Code to read more details and an informative Q&A.
Do you feel “stuck” in your home because you believe capital gains tax consequences would be too great if you sell?
I’m going to reveal the techniques homeowners use to legally reduce, eliminate, or defer capital gains taxes when they sell their personal residences:
IRS Section 121: Allows you to exempt $250,000 (per spouse) in capital gains taxes when selling a principle primary residence provided you have lived there 2 out of the last 5 years.
Stepped Up Basis: Allows the surviving spouse to sell “capital gains tax free” within 12 months of date of death (of spouse). After 12 months, Stepped Up Basis can be combined with IRS Section 121 to get an additional $250,000 capital gains tax free provided home is still the principle primary residence.
Rent out home/1031 Exchange: If you have the financial means to buy or lease another home without the sale of your principle primary residence, you can rent your home out thereby converting it to investment property. After 2 years, you can do a 1031 tax deferred exchange into another investment property anywhere in the U.S. Perhaps you purchase a Vacation Rental or home(s) that your children lease from you. Your home equity has been converted into rental income which pays the expenses for the home you bought or leased.
If you are age 55+, Proposition 19 makes it possible to transfer the low property tax assessment for your personal residence to another home anywhere in the State of California.
Please verify all tax aspects of selling with your CPA, and perhaps you are not “stuck” at all. The move you would like to make is perhaps both possible & financially prudent.
My Listing Commission in the NEW ERA will be 3.5% or Less!
How’s the Huntington Beach Market?
We’ve entered a NEW ERA in real estate, where the Buyer’s Agent is paid based on
Coldwell Banker sign in your front yard.
Emotional Appeal: My Home Preparation Assistance will position your home to get top dollar. I do not charge extra for coordinating the professionals that will make your home look fantastic for prospective home buyers.
At the start of 2024, the Huntington Beach real estate market was Balanced (78 Days of Supply) but had been rapidly trending toward Buyer’s Market Conditions. It was the slowest market since Summer 2022 (immediately following the post CV-19 spike in mortgage rates). But, by February the market was improved rapidly as the Days of Supply dropped back to 48 (Strong Seller’s Market) due to Federal Reserve Easing and lower mortgage rates. The Days of Supply reading remained in the high 40s (Strong Seller’s Market) until July 18, 2024 when it jumped up to 69 (in the Balanced Market Range).
Packaging: The Image Filled Marketing Package I create for your property will be amazing: Hi-Res photos, drone shots, 2D Floorplan, video, and 3D Virtual “walk through” Tour.
On September 12, the trended further toward a Buyer’s Market reached 80 Days of Supply (highest reading in 3 years) despite mortgage rates falling to 6.11% on September 17th 2024**. Mortgage rates rose into the 6.5% range in recent weeks, the market has trended toward Seller’s Market Conditions (61 Days of Supply on October 10, 2024) because very few homes are coming onto the market relative to the number selling.
Multi-Channel Advertising: The imagery and property details will be aggressively distributed using multiple marketing channels directly to the consumer to attract qualified buyers. Your listing will be on all the top websites: Zillow, Homes.com, Trulia, Realtor.com, ColdwellBanker.com, Redfin, and the Realtor MLS. It will also be advertised on these additional channels: Social Media, eMails, brochures, retargeting, geo-fence targeting, texting, direct mail, signs, & more!
Now remains a great time to sell a home in Huntington Beach… In fact, these are excellent 4th Quarter conditions for sellers. *Days of Supply is defined as the number of days required to sell all the homes
In the NEW ERA, many consumers will find your home on their own, then come tour it without a Buyer’s Agent.
If a qualified buyer has not signed a Buyer Representation Agreement before visiting your home, I will represent that buyer as a Dual Agent… this service is included in the 3.5% commission.
Certainly a “Salesforce” of Buyer Agents will still try to sell your home. And, some Buyers will prefer to sign a Buyer Representation Agreement with an agent they know & trust.
My marketing recommendation to home sellers in the NEW ERA is to encourage cooperating Buyer Agents to show and submit offers. I believe most sellers will consider paying compensation to Buyer Agents per the terms of their Buyer Representation Agreement. It is sensible to consider offers with the Highest Net Proceeds & Best Terms regardless of the amount of compensation paid to the Buyer’s Agent.
Scot Campbell is an experienced, trustworthy, knowledgeable, reputable, and above all caring Realtor with 100% 5-Star Reviews.
In 2024, he already has 30 Transaction Sides Closed or In Escrow Totaling over $60 Million. Scot has Brokered over 3,500 Homes in the last 34 Years!
7262 Yellowtail Drive #101, Huntington Beach CLOSED: Represented Buyer - $747,500
16123 St. Croix, Huntington Harbour CLOSED: “Seagate Lagoon” - $1,415,000
4021 Ondine Circle, Huntington Harbour CLOSED: $1,685 PSF - $5,700,000
8842 Dorset Drive, Huntington Beach CLOSED: Represented Buyer/Seller - $1,420,000
17131 Autumn Circle, Huntington Beach CLOSED: Represented Seller - $1,530,000
6792 Silver Beach Circle, Huntington Beach CLOSED: Represented Seller - $2,744,000
16547 Tropez Lane, Huntington Harbour CLOSED: Represented Seller - $1,150,000
1200 PCH #105, Downtown Huntington Beach CLOSED: Represented Seller - $848,000
4048 Mistral Drive, Huntington Harbour CLOSED: Represented Seller - $2,380,000
4167 Warner Ave #101, Huntington Harbour CLOSED: Represented Seller - $1,110,000
ON THE MARKET: 17831 Whitford | Cal Classics | Huntington Beach | List Price $1,799,900
4 Bedrooms | 2.5 Baths | 2 Car Garage + Workshop & Shed | Solar System
2,445 SF of Living Area + Finished Attic + Downstairs BR | Private Front Patio | Spa
Beautifully home with large family room, casual dining, formal living & dining area. Remodeled throughout including kitchen & baths. Huge walk-in closet (130 SqFt finished attic) and Downstairs Bedroom (142 SqFt finished garage space) not included in the living area count above. Wonderful neighborhood park and quiet interior tract location.
Scot Campbell Awarded #1 Agent Ranking in Huntington Beach! Scot Campbell Awarded #1 Agent
2024 RealTrends Individual Agent Rankings by City:
Huntington Beach, Ca: #1
Award: America’s Best by Volume
Individual Agent: Scot Campbell
Company: Coldwell Banker - Campbell Realtors
2023 Volume: $40,821,450 ~ Based on 2023 sales data*
RealTrends Verified City Rankings - RealTrends is proud to announce the expansion into local city rankings in 2024!
This new program allows for top performing real estate agents and teams to join the industry’s most exclusive & verified list of real estate professionals. Verified City Rankings allows the national power of RealTrends to shine a congratulatory spotlight on the top realtors working in local markets across the United States.
Verified Performance - RealTrends Verified analyzes Brokerage, Team, & Agent performance data, spotlight ing the top 1.5% of real estate pros.
Track Record - RealTrends has been tracking and analyzing real estate performance data for 30 years.
Discovery - RealTrends helps benchmark Brokerages, Teams, & Agents against their competition and unlocks unique insights into their performance.
Not only does RealTrends recognize top performers in local markets, RealTrends Verified City Rankings makes it easier for home sellers to discover the agents that really dominate the market in their city.
Several real estate and business-focused news outlets have published RealTrends agent rankings in the past. These rankings, which highlight top-performing real estate agents and teams, are often featured by a mix of national and regional publications. Outlets that have historically covered or republished RealTrends agent rankings include: The Wall Street Journal, Newsweek, Inman, HousingWire, RISMedia, The Real Deal, and many others.
It is an honor to receive this award! I am very grateful to my past & current clients for their support.
Having thoughts of Selling? I can answer all your questions, and if relocating is your desire after considering your options, I will help you prepare your home for the market and sell it for top dollar.
Here is a link to my #1 City Ranking in RealTrends: www.tinyurl.com/RealTrendsRankings, or scan the QR Code.
