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Limitations to the Area Specialist

Home & Leisure / Ron Wynne /

Selecting a real estate advisory specialist is not as easy as it appears on the surface, but one thing's for sure: Be certain to evaluate the agent's track record, reviews, testimonials and personal recommendations. Do not be lured to consider a family member or personal friend based on a commission reduction or a feeling of obligation.

Next, ...Read more

Ron Wynn: Disclosure Obligation

Home & Leisure / Ron Wynne /

Litigation alleging "failure to disclose" has increased over the last several years. California disclosure laws can be very black and white, but there are also areas that are quite gray. I remind clients to disclose anything that might affect a buyer's decision to buy their property, or anything that might influence the buyer's offer amount.

As...Read more

A Million Dollars Just Won't Buy You a Single-Family Home on the Westside

Home & Leisure / Ron Wynne /

It's rather amazing to think that $1 million won't even get you into a single-family home on the Westside of Los Angeles, and other U.S. cities, these days. It is truly frustrating for a young person -- or anybody, for that matter -- who says they're just trying to buy their first home. Of course, condominiums are an alternative, but not ...Read more

The Team Approach Covers All the Bases

Home & Leisure / Ron Wynne /

People tend to list their property with an agent with a good reputation and track record, which makes total sense. Why would you trust an agent with no track record or reputation? Listing with a relative, friend or someone you remember from your college days gives you nothing other than a person who you know. It tells you nothing about their ...Read more

A Buyer Is Born

Home & Leisure / Ron Wynne /

How long will it take you to find a buyer? This is one of the most common questions asked by sellers these days. And yet it's one of the most difficult questions to answer. In order to appreciate why it's so difficult to answer, one needs to appreciate where buyers come from and how the buying decision is made. A listing of mine once sold within...Read more

Some Extra Planning Can Buy You Time

Home & Leisure / Ron Wynne /

There are happy and sad reasons that people sell their homes. These happy reasons can include moving closer to family, trading up or buying in a location you've always dreamed of. The sad reasons can include moving to assisted living, selling in probate or trust sale or divorce. Many negative reasons for selling are difficult to reverse and ...Read more

How to Choose a Successor Trustee

Home & Leisure / Ron Wynne /

Perhaps you have a simple estate consisting of your home, a single-family residence, a rental home, three bank accounts and a three-year-old car. That would not be too complicated to handle among your three children, assuming they all get along and you have designated in your trust that each will receive one-third after taxes, if any, are paid...Read more

How to Choose the Right Agent in Divorce Cases

Home & Leisure / Ron Wynne /

It's a known fact that divorce is one of the most stressful and unpleasant events that one may face in a lifetime. As if the emotional aspects are not enough, there could be children, pets, finances, division of assets and potential relocation, to mention a few, to deal with all at once.

As with any important business case, screening and ...Read more

10 Times When You May Need An Appraisal

Home & Leisure / Ron Wynne /

An appraisal of your home is usually made by a neutral, independent professional to determine a fair market price of your home based on sales of similar properties within the past three months, or sometimes past six months if there are fewer sales in a very close geographic area. The appraiser uses adjustments for three sold properties and ...Read more

The Emotional Side to an Inherited Home

Home & Leisure / Ron Wynne /

As a real estate professional with over 30 years of experience and as a top agent in the country, you would think I've got it down to a science. That might be possible if I were dealing with computers, robots or machines, but when dealing with people, memories, resentment, jealousy, anger, sadness, denial, control issues, power, regret and ...Read more

Are You a Refinance Junkie?

Home & Leisure / Ron Wynne /

Refinancing is the first thought in many people's minds as they notice fixed mortgage rates dropping, but one often forgets to factor in loan origination fees and closing costs. If you were to spend $18,000 on closing costs and amortize that expense over only 36 months, for example, you would be paying an extra $500 per month on top of your ...Read more

The Little Things You May Not Be Thinking of When Interviewing a Realtor

Home & Leisure / Ron Wynne /

When the market is hot and buyers are a dime a dozen, it may not be so important that sellers choose a master artist to put in front of the canvas when selling their home. But buyers need to feel confident about moving forward in a major real estate transaction, especially when they are investing their life savings and committing to a 30-year ...Read more

Does anyone really live here?

Home & Leisure / Ron Wynne /

It's become almost an expectation that when entering a home or condo on the market, you will see the dining room table set with candlesticks, place mats and wine glasses; and the kitchen set with stylish canisters, dried pasta displayed in glass flasks and a colorful fruit basket. I'm being a bit facetious because, in fact, those are not at all ...Read more

 

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