What To Do During The Listing Period

    1. When potential buyers visit your home, either be absent or make yourselves as inconspicuous as possible.

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What To Do Before Your Home Is Listed

Its important to have your home in good showing condition before buyers start going through it. Here are some steps to take: Continue reading “What To Do Before Your Home Is Listed” »

Hire A Realtor

Studies show that homesellers who use a REALTOR® to represent them generally get a better price than those who sell the home themselves. Continue reading “Hire A Realtor” »

Why Would I Want To Use An Agent If I Am Buying My Home Directly From The Builder?

If you go through the builder directly, they are going to look at you as a customer. When you use a Realtor, you become our client. Realtors have fiduciary duties to their clients. Builders have the duty of disclosure, but they don’t necessarily have the same fiduciary responsibility that Realtors do. Continue reading “Why Would I Want To Use An Agent If I Am Buying My Home Directly From The Builder?” »

What About Paying Property Taxes

Property taxes on owner-occupied residences are levied on Assessed Value. Assessed Value is 10% of Full Cash Value.  The Full Cash Value could be different (usually lower) than the price you paid for your home. Continue reading “What About Paying Property Taxes” »

Property Condition

Banks always want to sell a property in as is condition. Most will provide a Section 1 pest certification, but not unless you include it in your offer and negotiate the point. They will allow you to get all the inspections you want (at your expense), but they may not agree to do any repairs. Continue reading “Property Condition” »

How Banks Sell REOs

Each bank/lender works a little differently, but they all have similar goals. They want to get the best price possible and have no interest in dumping real estate cheaply. Generally, banks have an entire department set up to manage their REO inventory.

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REO Properties For Sale

The bank now owns the property and the Loan no longer exists. The bank will handle the eviction, if necessary, and may do some repairs. They will negotiate with the IRS for removal of tax liens and pay off any homeowners association dues. As a purchaser of an REO property, the buyer will receive a Title Insurance policy and the opportunity to investigate the property.

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REO vs. Foreclosure

An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. You see, most foreclosure auctions do not even result in bids. After all, if there was enough equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank. That is why the property ends up at a foreclosure or trustee sale.

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In What Ways Can I Hold Title To Property In California?

First of all, we recommend that you discuss the various title options with your lawyer or accountant before making any decisions that will affect the title to your new property. Here are some of the options that may be available to you: Continue reading “In What Ways Can I Hold Title To Property In California?” »