Suman Real Estate

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Suman & Associates

Suman Mirchandani, a well-regarded Realtor® with INTERO who is passionate and committed to helping sellers and buyers realize their real estate dreams in the Bay Area.

| Suman & Associates

10/30/2026

Many Bay Area parents bought their homes decades ago, so their property tax is based on a much lower value than the home is worth today. Inheriting that home doesn’t always pass the low tax to you.

Here’s an example with round numbers:

-Your parents’ home is taxed as if it’s worth $300,000, but it’s worth $2 million today.
-The tax break covers the old value plus about $1.04 million. That’s about $1.34 million.
-The rest, about $655,000, gets added back. Your new taxed value is about $955,000.
-At roughly 1% base property tax, that’s about $9,500 a year, compared to about $3,000 before.

Still a break. But a lot less than most families expect.

A few things to know:

You have to claim it. File for the homeowners’ exemption within one year of moving in, and file the county’s claim form within three years.
If more than one child inherits, talk early about who will live there.

Questions to ask your parents now:

-What is the home taxed at today, and what’s it worth?
-Who is meant to live there after them?
-Have we talked to a tax pro or estate attorney?

This is general information, not legal or tax advice. Rules and limits change, so check with a professional.

10/22/2026

Here's a trap most first time buyers miss: the property tax listed on a home may be based on what the seller paid years ago, not what you'll pay.

Why it matters: a longtime owner can have a low taxed value. Once you buy, your bill is based on your price, so it can jump a lot.

Try this quick math before you make an offer:
Take the price and multiply by 0.0125. Divide by 12. That's a rough monthly property tax.
At the typical Bay Area price of about $1.27 million, that's around $1,300 a month.

Two more things to check:

Ask if the home has Mello-Roos. It's an extra fixed yearly charge in some newer neighborhoods.
Ask your lender and agent about HOA dues and insurance too, since they add to the monthly cost.

The good news: once you own, your taxed value can only rise 2% a year, no matter how fast the market moves. That makes your costs easier to plan.

10/01/2026

Quick real estate lesson: AI tools can estimate what you can afford and pull up listings fast, but they are working from general data, not what is actually happening on the ground with a specific seller, in a specific neighborhood, right now.

He told me, kind of sheepishly, that he had already asked an AI chatbot what he could afford, what neighborhoods fit his budget, even what questions to ask me. Honestly, I loved that. It meant our first meeting was not me explaining the basics, it was me correcting the three things the chatbot got wrong about this specific market, and adding the twenty things it could not know at all, like which listings have a seller who needs a fast close. The tools are getting smarter. But nobody has built an AI yet that has sat across the table from a seller's specific family situation for twenty five years running.

Used AI to start your home search but still have questions it cannot answer? DM "AI" and let's fill in what the algorithm missed.

Real estate agent | AI home search | Homebuying technology | Silicon Valley realtor

09/29/2026

Quick real estate lesson: an ADU (accessory dwelling unit) is a legal second home on your property, think a backyard cottage or converted garage. New California laws have made these easier to build than most buyers realize, and lenders increasingly count potential ADU rental income toward what you can afford.

This family almost walked away from a house that was fine but nothing special. I pointed out the backyard had ADU potential, meaning parents could eventually move in with their own space, or it could become rental income to help cover the mortgage. That single detail changed their math on the whole house. Two years later, his mother lives there now, five steps from her grandkids.

Wondering if a property you are looking at has ADU potential? DM "ADU" and I will help you see what a lot of buyers miss.

Real estate agent | ADU California | Multigenerational living | Accessory dwelling unit

09/22/2026

They needed more space for two years. A new baby, working from opposite corners of a one bedroom condo. But their 2.75% mortgage rate felt impossible to give up. So we ran the real comparison. Not just the payment. The stress, the lost productivity, a marriage stretched thin in a tiny space, against a few hundred extra dollars a month. Sometimes the math on paper isn't the whole math.

Stuck on a great rate but outgrowing your space? DM "RATE" and let's run your real numbers.

09/14/2026

She sold her SF house in 2020 for the "smart move." Years later, she's calling me trying to buy back in and the market she left isn't the market she's coming back to. Leaving is easy. Coming back is the hard part nobody warns you about.

Real estate agent | Moving back to San Francisco | Boomerang buyer | Bay Area relocation

09/09/2026

They needed more space for two years but couldn't let go of their 2.75% rate. So we ran the real comparison not just the mortgage math, the stress math. Sometimes the numbers on paper aren't the whole numbers.

Real estate agent | Golden handcuffs mortgage rate | When to sell your house | Low interest rate lock-in

09/07/2026

Twelve days from closing, the insurance company said no — new wildfire model, nothing changed about the house itself. We got three brokers on the phone that same afternoon. Closed four days late. Not four months.

Real estate agent | Insurance denied before closing | Wildfire risk score | Home closing delayed

09/02/2026

Her mother didn't fully understand yet that they were selling her home of thirty years for assisted living. We went slow. We let her say goodbye to rooms in her own way. Some closings aren't measured in dollars, they're measured in dignity. 🏡💛

Real estate agent | Selling parent's home | Assisted living transition | Aging parents

07/15/2026

Make a caption about don't give up on a house because a few issues have showed up during inspe tion. Don't question everything because of it. small issues can always be fixedDon't let a home inspection scare you off. A few issues on the report doesn't mean the house is a lost cause — it means you know what you're working with. Most fixes are manageable. Don't let small stuff turn into a big "no."

Address

Fremont, CA
94539

Telephone

+15103781852

Website

http://sumanandassociates.com/

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