Our Story

In case any of you were wondering how the Weber Accetta Real Estate Group came to be, we had the privilege of having our story written by our former intern who is now part of our marketing team- Cathy Strini. Thank you Cathy!

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Lauren and Michelle’s matchup was initially fueled by their love for Real Estate and jewelry. Originally, they shared time marveling over old treasures, making jewelry and touring the newest South Bay listings. Overtime, this connection transformed into a business pairing, when the two teamed up to collaboratively market to a larger Real Estate audience. Through this collaboration, Lauren and Michelle quickly realized a shared passion for being involved in their communities, so they began to engage in their neighborhood, highlighting the hard-working individuals in what is now their neighborhood spotlight.

The strength of their working relationship was undeniable, so the two decided to pool their collective market knowledge and sprawling networks to create The Weber Accetta Real Estate Group.

This accelerated their individual Real Estate careers and together Lauren and Michelle have found it possible to serve their clients beyond what either could accomplish alone. You would be hard-pressed to find a more dynamic, in-sync team than the Weber Accetta Group. Their commitment to their clients is unparalleled, while the combination of their unique personalities guarantees results. Lauren’s calm and steady communication style perfectly complements and channels Michelle’s creativity and ideas. Different as they are, they run their business and team on a mutual foundation of honesty and integrity.  Collectively, The Weber Accetta Real Estate Group takes pride in guiding their clients through life’s meaningful transitions.

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Congratulations Jeremy and Val!

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It is always such an honor to congratulate our clients upon the purchase of their new home and an even bigger honor to get to know them through the whole process of working together. With each client we get the privilege of working with we also learn so much through the way they work to accomplish their Real Estate goals. Jeremy and Valerie were of course nothing short of impressive and inspiring.

From the moment we met them we could tell they were not only very smart but also good people and a loving family. At our next meeting we discussed what they were looking for, taught them our search methods, and set them off with some homework in hand. They went above and beyond with creating spreadsheets and really following through on our advise on how to begin their home buying journey. This allowed them to hone in on where they wanted to be in the South Bay, which was initially their biggest challenge, and made the next step that much easier.

It only took our first home tour to see first hand how well they worked together. Between caring for their two young kids, to taking videos to remember the different homes, it was really inspiring to see how they communicated, respected one another, and work so well together. We especially love how they talk to their children and interacted with them during all their home tours. Once we entered escrow it was even more evident how amazing of a team they are. Their family was always a number one priority, but they made the time to get business done and stay on top of everything as well as be fully involved and engaged in the process.

We are so grateful to have met Jeremy and Val and to have represented them in this important time. We don’t take lightly how lucky we are to meet such amazing people and we will carry on all the things that they have taught us in their work ethics and lifestyle. Thank you to Jeremy and Val for allowing us to get to know you and your family and trusting us to be your Real Estate agents!

What exactly is the 1031?

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What exactly is the 1031?

IRC Section 1031 (a)(1) states:

“No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment.”

Overwhelmed? Don’t be.

Basically, the 1031 allows an investor to sell a property and reinvest the proceeds in a new, like-kind property while deferring all capital gain taxes.

Still a little confused? Let me help (or try to – I’m no IRS expert).

It means that you can change or swap your investment without cashing it out — essentially continuing to grow your investment with deferred tax payments. Until you sell for cash, you avoid taxation..even if you profit from your investment exchange. (This benefits you because you could continue to reinvest in more profitable investments without being repeatedly taxed!)

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The best part?

Like-kind property” has a fairly loose definition: it refers to the nature of the investment rather than the physical form. SO, any type of investment property (duplex, family residence, etc) can be exchanged for another type of investment property. This ensures that investors are not locked into one form of investment property.. allowing flexibility!

The worst part?

While there is technically no limitation to how many times or how frequently you can apply a 1031, an investor who makes exchanges extremely rapidly or regularly  may be dubbed a “dealer” and his or her properties will be considered “stock in trade” – meaning they are not allowed to swap real estate using the 1031 until they can prove that it was purchased solely for investment purposes. The lines here are a bit arbitrary, so discretion and advice from a professional is advised.

Keep a close eye on your calendar!!

From the date of closing on the original property, the investor has 45 days to select potential replacement properties and a deadline of 180 days after closing to purchase the new property.

What does NOT qualify for 1031 exchange?

  • A primary residence
  • Any property held “primarily for sale” or any property bought with the sole intent to sell (ex: a fixer-upper or a flip)

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Remember: we are not IRS experts, so if you are interested in learning more…

  • Check out this site to delve a little deeper or to learn if your property qualifies: http://www.1031exchange.com/faq/
  • Get in touch with an exchange facilitator – as always, contact us for a referral 🙂

 

Fun fact: A 1031 exchange is also called a like-kind exchange or a Starker!

To Pool or Not to Pool?

Tis the glorious season that some people, like myself wait all year for… pool season! With a large water shortage and water bills skyrocketing after a certain usage point there is much debate as to if there is an added value to having a home with a pool. With about 10%-30% of homes in the South Bay being sold with pools, we thought it was time to look at the numbers!

What were are looking at here is the Median sales price per year of single family homes between 2,000- 2,999 SqFt over within each zip code with and with out pools.

90275 – Rancho Palos Verdes 

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Has Pool &: $1,339,000

No Pool: $1,240,000

90274- Palos Verdes Estates, Rolling Hills, Rolling Hills Estates

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Has Pool: $1,584,500

No Pool: $1,480,000

90277- South Redondo Beach

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Has Pool &: $1,505,000

No Pool: $1,400,000

90266- Manhattan Beach

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Has Pool: $2,050,000

No Pool: $2,075,000

90254 – Hermosa Beach

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Has Pool: $3,000,000

No Pool: $1,990,000

We we see looking at the data, a pool can increase property value from a couple hundred thousand to a million. Granted these numbers are not accounting for lot size, which having a larger lot (increases sales price) is necessary to have a pool in the first place. We attribute the large difference in prices in Hermosa Beach where lot size is between 2,000 – 6,000 SqFt to this factor.

Interesting fact we found while doing our research posted by the Bay Area News Group shows that a 20,000 gallon pool covering 500 Square-feet uses less water than a lawn, pool without a cover and drought tolerant landscaping.

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Having a home with a pool helps sell them faster in some cities. Homes with a pools sell faster than homes without a pool in South Redondo, Rancho Palos Verdes, and Hermosa Beach.

Thank You Cathy!

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Late December 2015 we got what we thought was quite possibly the best thing ever… an unsolicited email from someone named Cathy who wanted to be our intern!! (What?!?!) We probably read it over 18 times as we were so excited. It was hard not to notice the professionalism, enthusiasm, and gusto exuded from this person we had never met in one short email. We just had to meet her, and that we did! Cathy was just as imagined, but with a bigger than imaginable simile and zest for life.

Over the past 5 months Cathy has been exposed to all aspects of the Real Estate industry, from our marketing campaigns, lead generation, negotiations, brokers open houses to even writing some of the blog posts all of you read. The most rewarding thing for us is that she has really come to love the industry we love and will soon be licensed to sell Real Estate! We would have loved to make Cathy a permanent member of our growing team, but she accepted a job offer to start her Real Estate career in her dream city of Santa Barbra.

Looking at an internship in the traditional sense, one would think the intern would do all of the learning. In our case, we have learned life lessons from Cathy. Her zeal for life and adventure as an avid surfer, traveler, and sometimes camper has taught us that no matter what there is always room for adventure while achieving your dreams, you just have to be open to it and go for it. Cathy is a great example of going after your dreams, she wrote us an unsolicited email for an internship… that’s what going after your dreams looks like!

 

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As we bid goodbye to Cathy we are filled with so many mixed emotions. From extreme excitement and hearts full of happiness for her new life and what she is set to to do in this world, to sadness to saying goodbye to one of the most inspiring people we have had the privilege of meeting.  We knew from the moment we met Cathy that she is a smart, ambitious, and very personable woman, however we didn’t now how much she would teach us in the short amount of time we got to know her.  Her always eagerness to learn and ability to exceed any task that was given to her will undoubtedly carry her far not only in her Real Estate career but in any journey she sets out to accomplish.

Thank you Cathy for all that you’ve done for the Weber Accetta Real Estate Group. You will be greatly missed and incredibly hard, if not impossible, to replace. We wish you the best for your new chapter in your life in Santa Barbara! We love you and know you are going to do great things and we can not wait to see what’s in store for you!

*** If any of you are looking for a bad ass soon-to-be agent in the Santa Barbara area, Cathy is your girl!