Best States to Retire in 2025
- Best States to Retire in 2025
- Can You Use Gifted Money As a Down Payment?
- REO of the Week
- Homes for sale near Apple
- Mountain View home of the week
- FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
- Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
🔴 Renters losing MORE than Rent! (Bay Area Median Home Prices)
🔴 Insurance Adjuster What You Should Know
Best states to retire in, in 2025. This is the list, and it is not something that I necessarily agree with. 55. com, reveals the best states to retire in 2025 and that's it. Yep. Crux of the article. So it was basically a PR push for them to go over to this site, the links to my blog, so you can jump on that.
Top Retirement States: Delaware, Colorado, and Florida
Best dates to retire and spend your retirement.
Delaware is the number one place to live when you're retired. Well, because there's no local state tax. I totally understand that getting away from, huge California state income taxes is always a good option. Colorado is God's country right now. Policy-wise, not really favor it but there's a lot to do, especially if you love the outdoors, there's hiking and camping, there are tenors, and I believe it's called where you go up to 10, 000 feet. Levels, and obviously there's skiing and water skiing, and it's always the Colorado Rockies. Yeah, the avalanche. Go avalanche. I actually saw them play in Colorado years ago. Pretty cool, Florida, the Sunshine State. If you don't mind high insurance. I heard somewhere that the hurricane insurance for a standard home is about 10, 000 a year, which isn't tenable for a lot as far as things to do for a retiree, this is a perfect place. It's fun. It's enjoyable. There's a lot, it's like a babe in toy land, right? There's always something going on. The weather's pretty amazing. Yeah. You get hurricanes, but we also get forest fires here.
Exploring North Carolina and Virginia
So, North Carolina is a beautiful place. Some places are hot and muggy and go up to the mountains. It's Appalachia and you can live a great life up there. It's pretty rustic, but it is beautiful It's amazing in Virginia. There's a lot to do. I've been there three times for trade shows, back in my youth. It's a fun place to go. It's much slower than North Carolina. The one thing I don't like is, the speed limit is 55 and they're pretty strict about it.
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Honorable Mentions and Insurance Tips
One thing I can remember about Virginia, honorable mentions, Idaho, New Hampshire, Minnesota, and Pennsylvania. I was just talking to somebody who moved from Pennsylvania. So there you go. Places to retire, at least consider retiring. If you want to read more about it, jump into my blog. My insurance claim won't pay for fire damage. This is a big thing, guys. If you have any kind of damage to your house and the insurance company is denying it, talk to this guy right here. The YouTube link is here, and then you can get to him through that. This guy will fight tooth and nail to make sure you get every penny. He knows how to negotiate terms with insurance companies. And yeah, he takes a big chunk out of it, but. It's better than getting nothing or getting a kick in the pants, right?
I'm actually sending this to one of my clients because we had a walkthrough yesterday and we talked about all the different things he could do. He was writing it down on a little pad of paper and this is going to allow him to go through every little nook and cranny to see what an inspector would look at.
Can you use gifted money as a down payment? Yeah, absolutely. There are certain stipulations and these are general guidelines because every lender is different. Every bank is different. Every bank has its interpretation of Fannie Mae Freddie Mac and FHA absolutely. If your parents can offer you a big chunk of money down payment, you have to let it mature and talk to your lender. If you don't have a good lender. Let me know. I have a good couple, three guys. I just sent my seller off to my guy because they're thinking about moving down too slowly Walk through the understanding of how this gift will work.
How does it work? How does it report? How does each lender use it for each specific loan? So think about that. Matter of fact, we were talking about it. He's a Marine veteran and, he's going to sell his house They want to buy down in slow. So what happens if they use the VA loan to buy that house as a primary resident, make this a second home, and rent it out and all that other stuff. So there are all sorts of different options that are out there.
This is Apple House of the Week. Hampton Ave. It's a nice rinconada. 2. 3 million dollars, three bedrooms, one and a half bath, 1100 square feet.
Holy cow. And if you look at it, it's pretty close to the Apple campus. You can literally walk to Apple. It's been on the market for 244 days. And they have not budged. Oh, they went down a hundred thousand dollars. Let's take a look inside this bad boy. For buyers, It's based on the condition location of your house, and price. So the three things that people look at, right? There's a lot of little tiny nuances to it.
This house, is not fixed up, right? It's got original. Bath don't even know what the kitchen looks like. Oh, yeah, there's a kitchen nice and old and it's an old backyard guys, it is 7,000 square feet this guy's trying to get a premium for it. It should be sold for about 1. 4 to 1. 7 I just sold a house on a plot of land with an old house on it for 1.83 We thought we would get one, four, maybe one, five. I negotiated and I didn't stop until we got to 1.83. Listing it high means you're trying to attract the market. You're trying to be a market maker and we have an old house like this.
It's really a 2 1 and they converted the garage into a third bedroom and another bath. It's not going to fly like that. You're not getting the value out of it. So whoever is selling this is wasting everybody's time. If it's on the market, for 244 days, you're wasting everybody's time.
Buyers are going to come in and say, I'm not paying that. I'm not going to even start negotiating, which means the agent didn't set the expectations of the seller in the first place. Now the seller thinks he's going to get 2. 3. Show me the numbers. Show me how it works. Show me how you're going to get 2.3 million. If it was completely tuned in and brand new and turn key. Yeah, maybe you're wasting everybody's time So shame on you. This is Velarde stStreetThis is mountain view a mountain view house of the week two bedroom two bath 1400 square feet built in 1938 It has a detached garage. It looks like, again, not my listing.
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The reason why I chose it is that it's within walking distance of Castro Street It's been on the market for 75 days. So this thing needs to come down see the original list. The price is the same list price again, trying to be a market maker. Is it a cute house? Sure. But when you have a house that's sitting on the market, yeah, we went through the holidays,
I just got my second offer for my house in Hollister and it's not exactly where we need to be. We're just a tad bit apart. As soon as everything comes in and we make sure that it's tight, then we'll bump it up a little bit. We'll see what happens.
Market Analysis and Bank-Owned Properties
This is the bank-owned property of the week, Hollister, Cobalt Drive. Let's take a look at the pictures on the market for 53 days. And the reason why I say it's familiar is because it's backing into the, into this dirt path. So you know that like when the wind storms pick up, everything gets filthy here. Eventually, they're going to build behind that house four bedroom, three bath, 2, 400 square feet built in 2017. Pretty new-looking. It is a pretty house inside. I think this is the same house that was listed last year And it didn't sell because there were tenants or the sellers refused to move now that it's vacant.
Ooh, look at that nice boarded-up something going on here I have no idea what that is. Maybe that was a kitchen in the backyard. I have no idea. But guys, this is a pretty house. And for that price, are you willing to drive an hour, hour and a half to work every day? Totally up to you. We just did Mountain View. And here is the 40-day on-market report. Wanted to let you know about what's going on here. We had 18 closes last week only in San Jose remember it's 30 days past Christmas when everybody's thinking about Christmas gifts not buying a house so it's a little bit down but holy moly that's crazy.
- Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
Same thing with Santa Clara, 48 closings last week. It is what it is. 40 days on the market, we have 90 houses that have been on the market for over 90 days. 45 houses have been on the market for 45 days and the bankownsn in the Bay area, 6youou just saw one in all of California, and we have 200. So nothing's really jumped up. So as a matter of fact, inventories have kind of come down since October. If you look over there, the endings are okay. Guys, we need to get more houses on the market. This needs to be about a thousand houses and this needs to be about 2000. We're 25 percent of where we need to be.
Conclusion and Final Thoughts
That's it for now. I'm Vito with Al Batano. Thanks for watching.
🔴 Insurance Adjuster what you should know https://www.youtube.com/watch?v=8IWgof1qvnc
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