I keep getting search result hits for the string “fsbo horror.” It’s an amalgamation because I haven’t done any postings on this specific subject. Both buyers and sellers have problems relating to For Sale By Owner issues. For sellers, the largest issue seems to be properly disclosing all relevant items to satisfy the liability issue. …
Continue reading “FSBO Horror and Failure to Disclose Property Defects”
Just got a search on “state of california fsbo questions to work directly with loan officers without a agent” This isn’t a problem. Whereas it is the same license, it is two entirely separate job functions. The fact that you are or are not working with an agent has absolutely nothing to do with whether …
Continue reading “For Sale By Owner – Working Directly With a Loan Officer”
One of the most important things for the buyer in any transaction is confidence that the seller has disclosed all known problems. One of the things most people don’t realize, or act like they don’t realize, is that it’s at least as important to the seller. The California Association of Realtors (CAR) has a program …
Continue reading “Disclosure Issues and Failure to Disclose”
What’s negotiable on a purchase? The short answer is everything. There may be standards and traditions in your area, the same as there are in mine. That doesn’t mean they are not subject to amendment by specific negotiation. Once you get outside legal requirements, anything is subject to negotiation. As long as both (or all) …
One of the most common questions in real estate is “What is this property really worth?” The easy answer is the same as the deepest, most profound one I can come up with, “Whatever you can get someone to pay for it.” It’s the answers in between that you’ve got to watch out for. The …
One of the concepts I keep seeing without a decent treatment is the concept of leveraging an investment. Real Estate has this like no other investment. You go talk to a bank about leveraging eighty to ninety or even one hundred percent of your investment in the stock market, or the same percentage of a …
Continue reading “Leverage – Making a Decent Investment Spectacular”
One of the things the place I work does to attract clients is advertise foreclosure lists to our clients. Several times a week, people call and ask for the lists, and we say, “Great! Just come on down, fill out a loan package and an agency agreement, and we’ll get them to you fresh every …
I am hoping to buy in the (city) area and am reviewing the possibilities. While I fear that the local market may be peaking, I intend to live in the home for at least ten years, so I am not trying to time the market. My questions have to do with the down payment. I …
Continue reading “Buy Now vs. Wait: Some Practical Hypotheticals”
This question: What real estate office can I trust to help buy below market house in (location) California in the year 2006? brought someone to the site and I have not previously written a real answer to the question. The short answer is “nobody.” This doesn’t have to do with trust. It has to do …
In many transactions these days, the buyer has absolutely no money, or an amount that is not sufficient to pay the costs that they would traditionally be expected to pay in order to close the transaction. Nonetheless, in today’s buyer driven market, often the seller still wants to do business with them. The usual way …
Continue reading “Seller Paid Closing Costs (or, When Your Prospective Buyer Has No Money)”
