Posted by Brian Danney on Tuesday, June 19, 2018 at 2:10 PMBy Brian Danney / June 19, 2018Comment
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.
Posted by Brian Danney on Friday, June 1, 2018 at 5:11 PMBy Brian Danney / June 1, 2018Comment
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...
Posted by Brian Danney on Thursday, May 17, 2018 at 1:31 PMBy Brian Danney / May 17, 2018Comment
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...
Posted by Brian Danney on Thursday, April 26, 2018 at 2:21 PMBy Brian Danney / April 26, 2018Comment
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.
Posted by Brian Danney on Thursday, April 12, 2018 at 12:47 PMBy Brian Danney / April 12, 2018Comment
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 ...
Posted by Brian Danney on Thursday, March 15, 2018 at 3:48 PMBy Brian Danney / March 15, 2018Comment
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...
Posted by Brian Danney on Friday, March 2, 2018 at 11:19 AMBy Brian Danney / March 2, 2018Comment
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...
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...
Posted by Brian Danney on Wednesday, December 6, 2017 at 3:35 PMBy Brian Danney / December 6, 2017Comment
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.