No doubt most appraisers are sufficiently skilled and experienced to be able to provide appraisals that are suitable for obtaining loan approval and are fully accordant with the professional appraisal standards.
You can expect that each agent you meet with will skillfully ask a lot of questions about the timing and location of the move you plan to make and provide basic counseling regarding the current marketplace and sale process.
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.
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.
The definition of a “fiduciary” comes from the word “trust”. It refers to anyone who holds something in trust – or a trustee. The word “trust” includes a reliance on the integrity of another person, or placing confidence in someone else.
Generally speaking, there are three critical areas of concern in the acquisition or sale of a property. They are shelter, safety and financial security.
Before deciding which agent to entrust your listing to, you might benefit from considering several factors. There is much, much more to selling a home at top dollar than putting up a sign, entering it into the multiple listing service, running a few internet ads, and having other agents preview the property.
Even under the best of circumstances the sale of a home is usually an emotional process. A close friendship with one’s agent has both advantages and potentially serious drawbacks that should be considered before discussing a listing possibility.
Several months ago I was hired to sell a home here, and the owner decided to set the price approximately 12 percent higher than where we suggested the market would respond most favorably to. After months of very active marketing, many ads and open houses, and an eventual price adjustment, we were finally able to negotiate a lease with an option to purchase. That is an example of a home, which was merely “on the market.”
2019 was another year of political upheaval around the globe, and many of the pricier areas of real estate have begun to be impacted by the charged emotional climate and overdue cyclical period of price adjustment. Based on a review of all multiple listing service sales (MLS) for 2018 and 2019, Pacific Palisades home values in general are lower now than at the start of last year by about 7%. The total number of homes sold is lower by 8%, even though the cost of money (interest rates) is slightly less than a year ago.
With the possibility of welcome rains, it is always a good time to think about home maintenance issues and potential actions that could save a lot of money down the road. Some are common sense and obvious, while others may be completely unanticipated.
I am frequently asked for suggestions that would help owners preparing to put their home on the market. The following are the top home seller mistakes that can be avoided and may make the difference between success and failure.
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