Entries by Michael Repka

So Your Home Didn’t Appraise, Now What?

by Michael Repka, Esq. When a buyer submits an offer on a home, they need to decide which, if any, contingencies they will include in the proposed contract. Naturally, the more contingencies, the better for the buyer, but an offer with fewer contingencies is more likely to be accepted by the seller—or accepted at a […]

Time to Revisit Your Trust

by Michael Repka, Esq. Historically, there have always been three important reasons why affluent California residents should establish a family trust. First, probate costs in California are extremely high and, if properly executed, a trust can eliminate the need to go through the time-consuming and expensive probate process. Second, trusts provide a way to distribute […]

2018: Year in Review

By Michael Repka, Esq. By virtually any measure, 2018 has been a turbulent year for Silicon Valley real estate despite the general local economy doing very well. Overall, businesses have been thriving but there have been some hiccups along the way. In the spring, a variety of local tech companies found themselves answering questions about […]

Palo Alto Preserves Historic Homes; Homeowners Benefit Too

by David Burckhard While more famous as the center of contemporary, high-tech achievements, Palo Alto is also rich in local history. Nothing better demonstrates that than the diverse and remarkable collection of its iconic homes. Locals and soon-to-be locals are fortunate that the presence of historically significant residences provide character and a sense of place, […]

Reverse 1031 Exchanges

By Michael Repka, Esq. (LL.M.—Taxation; NYU School of Law (’01)) The federal government and the state of California provide for the deferral of tax when a taxpayer exchanges investment or business real property for other real property that will be used as investment or business property. This is commonly referred to as a “1031 Exchange” […]

Dishonesty in Real Estate

by Michael Repka, Esq. Dishonesty in Real Estate — Fraudulent Marketing Techniques There are an awful lot of real estate agents out there and they all seem to be scrambling for the same potential clients. Given the low barriers of entry in the real estate industry, and the tremendously high commissions, some agents give in […]

Danger of Live Offer Presentations

By Michael Repka, Esq. In Silicon Valley, the typical approach to taking offers on a home is for the buyer’s agents to present their clients’ offer in-person to the listing agents and the sellers on offer date. The buyers are generally not present for this presentation. The listing agents often advice their sellers to remain […]