Category: Seller Info

Millennials Are Buying in the "Burbs"

Millennials Are Buying in the “Burbs”

It was only a matter of time. Literally. As millennials grow older, get married, have children, they are seeking out bigger houses and better schools. That means the suburbs. They are also getting tired of paying higher urban rents and watching those rents rise. Just 17 percent of millennials bought homes in urban or central […]

Think Go-Green When You Remodel

Think Go-Green When You Remodel

As long as you’re remodeling, why not cut your utility bill and make your home a bit healthier? Saving energy wasn’t on the list of reasons we’re finally ripping out the kitchen in our mid-century home (green-veined, imitation marble laminate countertops figured much more prominently). But, a session at the recent 2012 Remodeling Show in […]

Home Prices Continue Increase

Home Prices Continue Increase

Home prices have been climbing throughout 2015. On Tuesday, January 26, 2016, S&P Dow Jones Indices published the November report and the gains continue.  The second chart shows how the 20 cities have done since the S&P/Case-Shiller National Home Price Index bottomed in January 2012. Following is the Case-Shiller data for Los Angeles from 1980 […]

What's up?  Home Prices

What’s up? Home Prices

The  S & P/Case-Shiller Home Price Indices have been published as of the end of the third quarter 2013.    Standard and Poor’s 500 Index collects information on the prices of homes in 20 cities across the country.  Below is the graph for Los Angeles.* Los Angeles Case-Shiller Graph as of September 2013. The highest index […]

Home Prices Continue to Rise

Home Prices Continue to Rise

Data released by S&P Case-Shiller indices indicate that in the Los Angeles area, prices are still on the rise. Increases for Los Angeles are 2.58% which is somewhat higher than the 20-city or 10-city national composite of 2.45% and 2.48%, respectively. S&P Case Shiller index ending June 30, 2013 Click on image to visit the […]

Making Home Affordable

Making Home Affordable Refinance

If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA’s (Making Home Affordable) Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP […]

HUD

10 Ways to Avoid Foreclosure

(From the HUD post /avoiding_foreclosure/foreclosuretips) Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them? Don’t ignore the letters from your lender Contact your lender immediately Contact a HUD-approved housing counseling agency Toll FREE (800) 569-4287 TTY (800) 877-8339 1. Don’t ignore […]

Full Disclosure

Seller’s Disclosure Responsibilities

Things have sure changed from the days of caveat emptor, which is ancient Roman for Let the Buyer beware! These days, at least in California, the seller has statutory duties to disclose conditions and facts about the home as never before. While you do not have a duty to thoroughly investigate, or to seek out, […]

Escrow Officer

Escrow

In California, buyers and sellers use an third-party escrow. It facilitates the complicated process for everyone involved. So after you have successfully negotiated a contract, We send instructions to escrow. The escrow is a disinterested third party which collects all the paperwork, money, instructions, Deeds, loan papers, etc. Escrow will not act without exact instructions […]

Negotiations

Negotiations

Negotiating has been described as a dance. Two parties each with its own issues and desires…Some of these are clear and obvious and others are hidden or obscure. The business of a negotiation is to satisfy the issues of both parties at the same time…thus the dance. The Basic steps are: Buyer writes his desires […]

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