Shopping for a new home is exciting and overwhelming at the same time. Whether you’re in the market for new modern homes or one that was previously owned, it’s important to look past a curb appeal to avoid extra expenses and disappointments after you’ve unpacked.
Introducing our new Free Real Estate Dictionary full of definitions and examples of common real estate terms.
It’s apparently a great time to be in the real estate market if you’re a celebrity in California. Last week we reported that Ellen DeGeneres and Portia De Rossi sold their Malibu home for $13 million. This week we discover that Robin Williams has listed his 654-acre Villa Sorriso vineyard for sale, and that Matt Damon has just closed on a $15 million dollar resort-like home in the Pacific Palisades.
Banks pulled one of the greatest magic tricks of all time. They made millions of Bank Owned REOs disappear. We all know that all great magicians make things re-appear afterwards. It seems that the banks are about to make the REOs re-appear now.
As a Realtor, it’s not uncommon to hear a price objection from a Buyer when visiting homes. “It’s too expensive,” “out of my price range” and “more than I’m looking to spend” are some of the most common objections a Realtor can hear about a particular house when working with Buyers.
So what exactly does that mean? How is a Realtor supposed to respond? What would you say?
We’re all humans, and humans make mistakes. That’s just a fact of life. Unfortunately, when mistakes happen, they are often costly. Therefore, we owe it to ourselves to mitigate mistakes as best we can. We’ve written about all kinds of mistakes people make in real estate. Here is our list of the top 10 mistakes people make when dealing with real estate and real estate transactions.
When you buy a home, one of the most important things you should do is to check on statuses of permits for anything that looks to be an addition or a major modification to the home. For example, room additions, garage additions, bathroom additions, major remodels, adding a guest house or building a second story above the garage all must be permitted by the city.
I recently sold a two unit property in Long Beach for one of my bank clients. This was an REO. Unfortunately, when it was assigned to me, I had no clue what I was getting myself into…..
The State of California is currently working on passing a Homeowner Bill of Rights. Monday 7/2/2012 the State Senate and Assembly took a big step towards getting this passed as a bill. “The Assembly, by a vote of 53 to 25, and Senate, 24 to 13, approved the Foreclosure Reduction Act”. This Act aims to help homeowners who are still struggling with homeownership. One of the most impactful things the act does is to limit the bank/lender options of foreclosure while they are exploring options such as principal reductions or loan modifications.