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INVENTORY UPDATE

The number of homes for sale (what we call “inventory”) is still very low across East Contra Costa County. The reports that I’m seeing from some of the third-party companies I subscribe to show that we have a little more... Read More »

A BULLISH SIGN?

I noticed a small article last week in one of the real estate trade publications that really caught my eye. It was talking about the projections for an increase in the number of HELOCs (Home Equity Line of Credit) over the next... Read More »

INSPECTION IS NOT A REPAIR LIST

Potential home buyers often incorrectly view an inspection report as a mandatory repair list for the seller. The fact is, sellers are not required to produce a flawless house. They have no such obligation by law or by contract.   Most... Read More »

MULTIPLE OFFER STRATEGIES

When a listing receives multiple offers, my buyer clients will ask me, “If we aren’t the highest, offer, they’ll counter us, right?” Unfortunately, that doesn’t always happen. There are no hard-and-fast rules in how... Read More »

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 »

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