Imagine you are interviewing an outstanding criminal defense attorney and the first question you have on your list of priorities is "What is your hourly rate?" Personally, that would perhaps be a consideration. But it would probably be pretty low on my list of priorities because long ago, I learned that you get what you pay for, and for ...Read more
I often have clients call me asking if it makes sense to put in a swimming pool or add on to their home in some other way. I ask, "Are you doing this for yourself or for resale?"; "How long are you planning on staying in the house?"; or "Why are you considering this remodel?" If they are doing this for themselves and plan to stay a long time, ...Read more
You might be one of the fortunate people who had a flawless experience adding a room, building a second story or remodeling your kitchen. Thank goodness for your flawless experience, but there are lots of people, including myself, who have made some blundering errors with contractors and builds or just didn't do their homework in advance.
When it comes to disclosures, it's hard to know how far to go. I recommend you disclose when in doubt. When explaining conditions, less is more. Do you remember someone telling you that if you are ever required to do a court deposition, answer the question asked, and then stop? Don't add extra words of explanation or you may be opening ...Read more
Don't think of it as someone trying to pull the wool over your eyes. Think of it more as you get what you pay for. Just like when you shop for a car, furniture, or a quality suit and pair of shoes, at first glance those items don't always look that different from the top-of-the-line versions. But after careful examination, there are big ...Read more
Before we discuss the remedies, let's discuss what emotional stress is all about. Stress is a reaction to uncertainty, fear and the unknown. Nobody enjoys feeling hurried or rushed, particularly when there is a sizable asset and there are financial consequences for making a poor decision. The best advice I can give for selling your home is to ...Read more
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