All real estate agents love boasting that they've rarely had a property fall out of escrow. As everyone knows, it happens once in a while, sooner or later. Sometimes it is the fault of the owner or the Realtor. Other times it is just something that cannot be helped. Let's first examine the precautions that could be taken to keep a property ...Read more
It's natural for the foundation of your home to settle a bit, but when the soil on which your home stands starts to expand and contract too much, it may cause foundation problems.
According to HouseLogic, the most common cause of foundation problems is water. Changes in soil moisture typically cause the foundation to crack and split, so you ...Read more
I've had several calls recently from homeowners planning to sell in the next three to five years. The question I'm often asked is "What should we do to our home in preparation for selling? I usually say that I need to see their home and do some research before giving a knee-jerk reply, but most often the best answer is "It depends on what the ...Read more
Many years ago, legislation was created to favor contractual "buyer beware" acknowledgments as a mandatory seller's requirement for the sale and transfer of a home or income property. The document was created to reveal the sometimes obvious and sometimes not-so-obvious issues of a property.
A buyer is entitled to know everything a seller ...Read more
1. Your neighbor next door or across the street sold to a developer 18 months ago. You call your neighbor friends for a phone number, and in no time, you sign an agreement to sell without contacting an agent, other interested parties or other developers.
2. You become very attracted to the words "fast close," "as is," "all cash," "no ...Read more
Given our current market, buyers often act impulsively. That being said, there is a tremendous possibility of escrow fallout. Here are some of the ways you or your agent can avoid escrow fallout.
Suggestions for buyer's agent or buyer acting privately:
1. Be sure that the buyer understands the market and understands the responsibilities that...Read more
Thankfully, not every buyer has the same taste. There was an old expression that people would use when Baskin-Robbins ice cream stores were in every neighborhood: "That's why Baskin-Robbins has 31 flavors." But truth be told, there were always a few flavors that sold the best. The same holds true with what sells houses.
The turn-ons currently...Read more
If I'm making upgrades to a new home, is it reasonable to pay for the upgrades in advance?
Yes, it is totally reasonable for a developer to ask for payment in advance of the requested modifications, as the builder is changing the home to your specific needs and would likely need to remove many improvements if you were to fail to complete the ...Read more
People have many reasons for getting rid of their stuff, but most often, an estate sale is for exactly what the name suggests. It's to liquidate a home of its contents after someone passes away, or when someone has moved in with children or to an assisted living home that cannot accommodate their furnishings and possessions.
I've seen people ...Read more
How long do I need to own a property to qualify for the $250,000 or $500,000 capital gains exemption?
You must own a property and use it as your primary residence for at least two of the last five years prior to the date of sale. The owner-occupied exemption is $250,000 for a single person or $500,000 if married filing jointly. You may do ...Read more
The answer to what a builder will pay for a lot or a teardown is not as black and white as it may seem. There are many factors involved, including issues that add to construction time, typical construction costs and addition soft costs.
Let's say, for example, your property is in a municipality that takes six to eight months for city approval...Read more
We are all in pursuit of the perfect life. Some things never change. Everyone loves the feeling of abundance, freedom, space, Zen and positive energy. Anticipating the desires of people is what architects, designers, landscapers, stagers, builders and Realtors regularly focus on. Life can be complicated, and as the expression goes, stuff happens...Read more