Real Estate News

Current Market Appraisal Challenges for Realtors

Over the last several years we have written about “deal breakers” that have often come up during the sale and/or purchase process. During the last two years, the transactions have mostly been challenged through the loan and appraisal process, even though loans are finally more available than they had been for more than a year.

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Real Estate News

The Buyers In Today’s Market

Investors have become a significant factor in the current market environment.  Investors generally have fewer contingencies and shorter time periods for processing the escrow. Therefore, they have traditionally closed escrows with fewer complications though having generally paid less for the property.

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Curb appeal 700 Ocampo
Real Estate News

Local Home Prices At High Levels

The fuel for this steady recovery has been continued artificially low interest rates which has made purchases more affordable for everyone, combined with a lag in the homes being made available for sale at a rate equal to the steady and strong demand.

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550 Spoleto, Palisades at kitchen design
Real Estate News

Seller’s Advantage Continues

As of May 1st, 2013, there is approximately a one-year inventory of homes available above the $5million level.  Conversely, it would only take 2.5 months to sell all of the homes below that level.  As long as the inventory level is below 5 months, it is generally considered to be a market that favors sellers.

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Real Estate News

Palisades Home Leases

There continues to be much interest in the local real estate leasing market.  Owners who choose not to sell their current property for various reasons have asked what is involved and how the process works if they decide to lease.

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