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SELLING TO TENANT

Let’s say you’ve been renting out a home for several years to a tenant. They approach you about buying the property and you are interested. There are some things to consider.   First, this should be handled like a regular... Read More »

HOW DOES NEW TAX BILL AFFECT REAL ESTATE?

The real estate industry has been worried for a while now that the mortgage interest and property tax deductions and/or the generous exclusion on capital gains from the sale of your principal residence would go away. There are... Read More »

HOME INSPECTOR MISSED SOMETHING

Most of time, a home buyer will obtain a home inspection during their contingency period before they purchase a home. If something major is discovered, what we call a “health and safety” item(s), the buyer will usually ask... Read More »

SELLER’S DUTY TO DISCLOSE

A long time ago, real estate was sold under the idea of “buyer beware.” This meant that the seller didn’t have to disclose anything, and the burden was on the buyer to find out what was wrong with the property. We’ve come... Read More »

TREE ROOTS AND REAL ESTATE

The roots of trees that grow from one yard into a neighbor’s yard have been a point of contention for many neighbors. The roots can damage fences, patios, foul sewer lines, etc. But can you just cut back any roots that wind... Read More »

PROPERTY TAX PRO-RATIONS

Our standard contract calls for property taxes to be pro-rated between Buyer and Seller as of the date of close of escrow. That part everyone understands, but HOW that is accomplished can be pretty confusing. The County Tax Collector... Read More »

CONTINGENT OFFER SOLUTION

Last week I wrote about the challenges associated with writing an offer contingent on selling your home when your home isn’t even on the market yet. I often hear people say that they don’t want to put their home on the market... Read More »

CONTINGENT OFFERS?

I know of many people that would like to move, but don’t really HAVE to. They don’t want to put their current home on the market until they find the “right one” to buy, but because there isn’t much for sale, they continue... Read More »

WHEN IS BUYER “APPROVED”?

I received an offer on one of my listings recently, and when I presented the offer to my client, they asked why there was a financial contingency in the contract if the buyer was already “approved” for their loan? I explained... Read More »

WHEN IS IT REALLY CLOSED?

We use words in real estate that can be confusing.  One of the biggest areas of confusion is around when the transaction is actually CLOSED. Each of the steps below can take hours or even days. There are cut-off times during... Read More »

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