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Sizing up purchase deposits
In most states, it's customary, or required by law, for the buyers to include a good faith deposit when they make an offer to purchase a home. The deposit should not be given directly to the seller, but held by a trustworthy third party that maintains a trust account specifically for home purchase deposits, such as an escrow company.
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Avoid home improvement gimmicks that hammer resale value
Q: We are considering listing our vacation home, and I have a question for you on whether it would be worth it to invest the money putting siding on it or selling it as is? The home is located on a golf course and has a magnificent view of the first hole and surrounding lakes and mountains.
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Appraisal rules tough on additions
Recently a homeowner in the hills above Oakland, Calif., applied for a refinance. An appraiser visited the property and measured both levels of the house. The appraiser called the homeowner a few days later to find out if the lower level had been added with a permit. The public record indicated the house had three bedrooms, two bathrooms, and 1,513-square feet.
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CALIFORNIA ASSOCIATION OF REALTORS®
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Connie Medeiros, 00682423
REALTOR®
DISTINCT ADVANTAGE REAL ESTATE
Home of the 4% Listing Fee
Novato,
CA
94949
415.513.7300
707.812.0343
Contact Me
Visit My Web Site
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Presale inspections for smoother sales
Homes are selling for less. Everyone's trying to cut back. Yet, many real estate agents think it's wise for sellers to provide presale inspections for buyers to review before they write offers. Is the cost, which could run from a few hundred to $1,000 or more, worth the expense?
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Not all buyers are worth a counteroffer
After mustering the emotional energy to make an offer on a listing, it can be devastating if you hear nothing back from the seller.
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