Buying and selling a home at the same time is tough to do. However, we help make the process easier for our clients and here’s how.
Do you need to buy a home and sell one at the same time? Should you buy before you sell, or...
Today I want to have an honest conversation with you about our current market. According to our most recent figures, it is changing.
Today I want to have an honest and direct conversation with you about what is happening in the marketplace. Most agents...
There are many rules and laws about the sale of your home that we must follow. However, some are not actually rules at all.
Sometimes, an agent may ask you to follow or implement a rule that simply doesn’t exist. Do not get me wrong. Rules are important....
As an experienced agent, I can confidently say that the real estate business is solely based on relationships. Many of these critical relationships are with our preferred vendors. Those of us in the real estate industry have learned that if we treat our vendors well, then they will reciprocate the efforts by bending over backward for our clients. Relationships made with our vendors are established over the course of a decade and because each relationship is reliant upon performance if the vendor does not accomplish or exceed our expectations, then, unfortunately, they will no longer be recommended for our clients in the future.
Recently, I closed a transaction with a buyer...
Our market has undergone some dramatic changes as of late, so today I’d like to bring you an especially important update on these conditions.
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Today I wanted to bring you a quick market update because there have been substantial changes to the marketplace.
Typically my team likes to provide you other...
The market continues to heat up for both buyers and sellers with aggressive interest rates and the limited supply and high demand. A lot of buyers out there do not fully understand the types of different agency relationships that exist and their relative importance.
There are essentially three types of agency relationships. The first is "Buyer Agency" which means that there are agents that exclusively represent a buyer's interest during the search and purchase process. The second the relationship is "Seller Agency" which is where listing agents exclusively represent sellers with the sale of their home. Lastly, the third relationship is "Dual Agency." “Dual Agency” is a very misconstrued relationship...
Some homeowners don’t fully understand or appreciate the importance of having a homeowners association. For all they know it is just another monthly payment that they are required to pay. However, what they don’t realize is that HOA’s can add far more value to the neighborhood. Not only do they enforce community rules and guidelines, but they also offer perks. Overall, the association protects the homeowner’s real estate investment.
Standard HOA’s fees include security, common area maintenance and landscaping, water, trash and cable services, complex community amenities (i.e., gyms, pools, spas, and recreational rooms), etc. Most assume that these fees pay for the homeowner’s pro...
A big part of purchasing a home is doing your due diligence and properly investigating the substantial purchase you are making. Upon opening up escrow on your new home, you will begin to receive disclosure documents of the seller knowledge of the home (repairs, remodels, etc.) since they have owned it. In addition to the seller disclosures, you will also have the right to hire an inspector of your choosing to fully inspect the home for you. This is a very crucial part of the home buying process.
A few months back, I opened...
Over the course of the past few months, we have seen some new trends begin to develop regarding the terms buyers are presenting to sellers. In the current market, some buyers developed a defeatist attitude as homes have often been selling above asking price. This is based on the limited supply of homes and the increased demand for them. This has forced me to be more creative in order to help buyers engage sellers and get them in the home that they desire.
We have seen over a dozen situations in which the listing agent has countered the buyers offer with the terms ...
Today, I’ve got a challenge for you. I want you to fight against mediocrity and demand the best, instead.
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It’s time to come out and say it: You and I are in a fight against mediocrity.
Unfortunately, becoming a licensed agent requires very little effort. This results in an incredibly mediocre industry. Worse than...
Unlike other states countrywide, California has a property tax of only 1% annually of a home's purchase price. However, some Californians can be faced with an additional tax called Mello-Roos. Mello-Roos calls for all newly developed areas that need cooperative homeowner financing to tax the homeowners of the community for building the necessary infrastructure of these districts. The Mello-Roos funds go toward public facilities and service needs.
Local developers build these new communities with the expectation that they will be able to function independently. These public...
By strategically investing in real estate, you can build generational wealth. Here’s my advice about strategizing successfully.
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A lot of people have been asking us about investing in real estate.
The truth is that it can be tough. This...
Over the past year, a large majority of the buyers we worked with were typically drawn towards floor plans that had upgrades throughout the home. There are certain improvements that will speak to buyers and make a difference when selling your house. However, it is important to make improvements that you will enjoy while living in the house, yet at the same time make sense financially.
The most sought after upgrade for buyers this past year was a fresh coat of paint on the exterior and/or the interior of the home. Choosing a lighter color paint allows each room and the hallways feel much more open and inviting for buyers. There was a strong preference towards neutral and gray tone paints...
Sellers need to get a full market response if they want to get “the most the market can bear.” But there’s something you should know about that promise.
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Today I want to talk about one thing that sellers really need to be after: a full market response.
...
Should you buy or lease your solar energy system? The answer is quite simple.
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Today I’d like to talk a little about solar power. Specifically, I want to talk about the differences between buying and leasing a system like this. The two have very different implications, especially when it comes time to sell your property. It’s...
The new tax bill changes some things in the real estate market for buyers, sellers, and investors. There’s no need to panic about any of these changes, though.
...
In this competitive sellers’ market with little inventory available, home buyers are going head to head and muscling each other out by offering higher prices and attractive terms to the seller which ultimately may be to their own detriment. However, I recently encountered a situation giving my home buyer a distinct advantage.
One of our lenders had advised me about an advanced approval process that one of my buying clients proceeded with. The lender and I had the buyer go through the underwriting process with approval already in hand. The only outstanding item pertaining to the loan was the appraised value.
After a few weeks of looking for...
The difference between the market’s list-to-sale price ratio and your prospective agent’s list-to-sale price ratio will let you know if that agent will net you the most money from your home sale.
How do you pick the right agent to help you sell your home for the highest possible price?
No one ever teaches you how to interview a listing agent. What attributes actually make a difference and what’s just smoke and mirrors? Every agent claims they’re No. 1, but how can you know who to trust?
There is one number...
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