Request for Repair--Dueling Pest Inspectors (This article is part of a series on the Request for Repairs in real estate transactions. Below you will find one of the longer discussions in the series. The subject is somewhat complex, but it is worth your concentration. Successful transactions (and substantial funds) hinge on your understanding of the topic). We have noticed an upturn in pissing matches between Wood Destroying Pest inspectors. A new pest inspection “environment” has evolved from recent changes in the Residential...Continue Reading!
I am pasting this market update from "Property Radar," a newsletter I have subscribed to for years. California Median Home Prices and Sales Retreat in May Median Home Prices Fall 1.8 Percent to $396,750, Sales Down 3.5 Percent “With the exception of a few counties, price increases have slowed considerably. You cannot defy gravity. The environment of rising prices on lower sales volumes was destined not to last. Higher borrowing costs since the beginning of the year and decreased affordability was bound to impact...Continue Reading!
Enjoy relaxing on the back deck overlooking the Lake of the Pines Golf Course. Take a short walk to the NEW Clubhouse and Main Beach where everything is happening. You will feel like you are in your vacation hideaway at the lake with wooden ceilings, three decks and open loft. Extra parking available for your golf cart and toys. Excellent location! Exceptional value! $289,000 Continue Reading!
(This article is part of a series about Request for Repairs in residential real estate transactions.) Sometimes sellers get it into their heads that they are going to sell their home As-Is with no repairs. I'm sorry to tell you, but a successful As-Is sale rarely happens. Since you insist, let’s pretend that the seller (not you, for crying out loud, some other seller, the bullheaded one) is (more…)Continue Reading!
(This is part of an on-going series of articles on the topic of the Request for Repair in real estate transactions) Sellers should request a Net Sheet, aka Seller’s Estimated Settlement, from the listing agent before the property goes on the market. Net Sheets provide the seller with information to help make numerous decisions, one of which is how to respond to the Request for Repair. I prepare Net Sheets for my clients to include several different selling price scenarios, but...Continue Reading!
Sellers should get ready for the Request for Repairs before their house goes on the market. Here’s what sellers can to do to attenuate the stress of the Request--and enhance the probability of a successful transaction: Perform routine and deferred maintenance before the house goes on the market. Consider upgrades, but don’t go crazy or you may not get your money back. Consult with your reputable, competent, experienced realtor before (more…)Continue Reading!
This article is part of a series that discusses the Request for Repair process in residential real estate transactions. The opinions expressed are specific to California real estate procedures, but I think you will find most of the ideas can be generalized to other locations. At some point in the life of a residential real estate transaction, the buyer will (more…)Continue Reading!
The Real Estate AVID The California AVID is not an insect--though many real estate agents consider it worthy of extermination. The Agent Visual Inspection Disclosure is, for a fact, an odd and awkward creature. Can the findings from the AVID be used by the buyer in negotiating a Request for Repairs? Answer at the end of the article. (more…)Continue Reading!
This cozy duplex is for sale, cheap. It's somewhere in the desert, but I got lost so I don't remember exactly where it was. Rustic design, air conditioned through windows, rattlesnakes mostly re-located. Beautiful Granny Unit. Buyer to verify permit. Bonus feature! Low maintenance swimming pool included! Continue Reading!
Real Estate Dog Daily Checklist Wait for mom and dad to get up Say good morning Get first treat from mom Get morning pills from dad Eat breakfast Pee Wait for dad to get ready Go for ride in the truck Get special treat at Starbucks Go for long walk in a favorite place Pee Poo (2 times) Pee Help dad with real estate Get a bite of dad’s doughnut Nap in the truck Check on grandma Get TWO treats from grandma Go home Munch ice cubes Nap in the shade Get afternoon treat Pee Play with dad Get evening pills from dad Eat Dinner Get secret...Continue Reading!
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