Real Estate 101
The term used to describe the rental furniture presented in a listing.
Staging
This is the amount you can sell your primary residence and be exempt from capital gains taxes if you are married filing jointly.
$500K
MLS
Multiple Listing Services
A legal arrangement in which a third party temporarily holds money or property until a particular condition has been met.
Escrow
A tax-deferred program that allows you to defer capital gains taxes as long as you are purchasing another “like-kind” property.
1031 Exchange
DOM
Day On Market
The tax code of the United States for when a person receives an asset from a giver after the benefactor dies, the asset value becomes the market value at the time the benefactor dies.
Stepped-up Basis
The number of years you can depreciate a commercial property.
39 years
LTV
Loan-To-Vale
The proposition that was passed in 2020 to allow homeowners 55+ years or older to transfer their property tax base to any county in CA.
Prop 19
Name one city in the Bay Area that has city transfer tax.
San Jose, Mountain View, Palo Alto, San Francisco
DTI
Debt-To-Income
Jumbo loan amount for Santa Clara County in 2023
$1,089,300
A strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes.
Cost Segregation
PITI
Principle, Interest, Tax and Insurance