Home price trends can be confusing due to conflicting reports. Different average calculation methods, such as mean average, median price, and price per square foot, provide varying insights. Each approach has limitations, emphasizing the need
Of course, there are occasional situations where a home has been purchased at a great price. However, as many disappointed buyers will attest, at least as of the beginning of August, we are still in
The current real estate market has led to frustration and anxiety for many potential buyers. Having good credit scores, enough funds for down payment, and adequate loan pre-approval is often not enough for them to
Home buyers often rush to have their offer presented as soon as possible. Sometimes their agents encourage quick action in an effort to avoid getting involved in a bidding situation.
It is well known that purchasing a home in the Westside housing market is very challenging, especially if it is a first home. And in recent years it has gotten even harder for young families
One of every four escrows falls out due to buyer difficulties in obtaining a loan or because of the many challenging things that come up during transactions that can result in an escrow falling apart.
With so much information available online, real estate search sites have made it easy for most buyers to search on their own for their ideal home. In fact, many current buyers believe they don’t need
Previous subjects we have covered in this column include the value of working with a buyer’s agent, some of the risks of buyers being represented by the seller’s agent, and home searching on one’s own
The residential loan process has become tremendously challenging since 2008. Many escrows have been delayed or cancelled as a result of the numerous recent lender and appraisal restrictions that have impacted the loan process.
The simple answer is the economic law of supply and demand, coupled with the observation of various other significant though elusive factors that impact our housing market.
It is almost impossible to perfectly time either the purchase or sale of any asset, especially real estate. Often when price movements have reached extreme highs or lows, they are about to change direction.
Since my team has a relatively higher rate of successful escrow closings, 90% versus 75% local average, I have been asked what attributes have been found most helpful to this success.