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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 »

REAL ESTATE AUCTIONS

We are seeing auctions again in real estate, but they are mostly online, so it’s more like eBay.   Usually the opening bid is quite low compared to the market value. This is what usually attracts buyers to auctions as they... Read More »

PRIVATE TRANSFER FEES

If you are buying a home, you need to be on the watch for something called a “Private Transfer Fee.” This is a fee that can come due whenever a property is sold, and it could be a cost to the buyer or the seller. (I am NOT... Read More »

WATCH WHAT YOU SIGN

I realize there is a LOT of paperwork in buying or selling a home and that we are often under a time crunch to get an offer submitted BUT you should still read what you are signing!   Here is a horrible recent example that... Read More »

1031 BASICS

If you are thinking of selling an investment property and you’ve heard that you can delay paying income tax on the gains by buying another investment property, this article is for you. This is called a 1031 exchange. In years... Read More »

USE THE RIGHT TYPE OF AGENT

When you are experiencing an important medical situation, you will normally wind up with a specialist of some kind. The same goes for real estate.   A California real estate license allows us to transact business across a... Read More »

LOCAL AGENT?

Over the last few years, many of the Multiple Listing Services across California have started sharing data so agents can have access to areas far beyond where they live. I am NOT a big fan of this! When you are selecting an agent... Read More »

KEEP YOUR HOME SAFE

There have been many burglars willing to share how they target which home to break into. The #1 thing they usually look for is a dark house where it appears no one is home, but they know valuables are inside. There are simple... Read More »

APPRAISAL WOES

Over the last 30 days, I’ve had challenges on several transactions due to appraisals coming in low. I believe I’m being objective when I say they came in “low” because they were not in contract for tremendously higher... Read More »

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