“Our college-age children are still single, but we would like to help them get started with owning real estate. Other than cash for a deposit, and waiting for the right time, what are the main issues and factors we should consider?” — A local homeowner
Since I have had over 1,000 escrows, a new agent recently asked me what key lessons I could share to help her successfully counsel both buyers and sellers.
“Multiple offers” occur either when a seller receives more than one purchase offer at the same time or receives another offer before a counter offer is presented to the first buyer. This has occurred fairly often since 2012 and has created a frustrating environment for well-qualified buyers who repeatedly are out-bid in their attempts to buy a home.
As a home seller, you should know the answers to these 18 must-know questions… What is a real estate disclosure? What is a Transfer Disclosure Statement? And more…
Just a few years ago, less than 20 percent of home sales involved any Internet use. Now over 70 percent of California sales involve buyers searching the Internet for homes, loans, real estate agents, quality of community and schools, and for information about the purchase process.
Insurance in general is a contract whereby one party agrees to indemnify or reimburse another party for loss or damage that may occur under the terms and provisions of their contract. The contract is called an insurance policy.
The Residential Purchase Agreement (“Contract”) you are about to execute contains a “Liquidated Damages” provision.
It is important to note that there may be advantages and disadvantages for the parties to a Contract if they elect liquidated damages.
I have often been asked what the value of a real estate agent is, or why a sales commission of 5-6% is reasonable. I have also been asked what it takes to sell a home, and why more people do not try it themselves. One owner actually loved the idea of selling his home himself so much that he wanted to hire me as an advisor to help guide him through all of the details.
©2021 The Edlen Team / Coldwell Banker, 15101 Sunset Boulevard, Pacific Palisades, CA 90272 / CalRE 00902158
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