Sellers

Found 10 blog entries about Sellers.

As we approach the closing on your home, it is time to prepare for sign-off. As a buyer, this is the time when you will sit down with a notary to sign your loan documents. As a seller, you will also be sitting down with a notary but to sign papers for the payoff of your home loan and all necessary transfer documents. Here are a few helpful tips to help you feel prepared for what to expect:

  1. Make sure to bring your Driver's License, State ID, or Passport with you to your signing appointment. 
  2. If you are buying the home, please bring a cashier's check with the remaining balance due into escrow for closing. You will find this amount on your estimated closing statement which will be provided to you prior to your signing appointment. You may also
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Everyone wants to buy when Real Estate is a bargain. But should you delay homeownership out of fear of not buying at the bottom? Not anymore!

The biggest reason people want to buy their home at the bottom of the market is fear they may lose their original investment (down payment).  If the value of the home they bought is lower when they decide to sell down the road, they may not get that original investment back.

In the past, you had no way to recover any amount of your investment (down payment) that was lost due to market values decreasing. The great news is that is no longer the case. I found a lender that actually has down payment protection insurance they can pair with your mortgage loan! This means you can feel comfortable knowing that even if

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For those of us coming up on retirement or currently retired and living on a fixed income, increased property taxes can be a huge burden and can affect your decision to relocate. Did you know that under prop 60 and prop 90 you are able to take your existing property tax basis with you? There are a few restrictions to this, but can be a game changer for those looking to downsize after living in the same home for many years. Our friends at Fidelity National Title have been kind enough to provide the following information regarding the program. 

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For some buyers, having someone that has died in a property can be a deal breaker. The Seller Property Questionnaire (SPQ) has a question where this information can be disclosed to any parties potentially interested in purchasing the home. As I always recommend, if in doubt disclose! Below are some of the guidelines which may be used to better understand how death is disclosed during the sale of a property.

Disclosing Death 
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No one goes into a transaction expecting hiccups. The California Residential Purchase Contract does have provisions (if signed) which can protect both the buyers and sellers in the event that some kind of disagreement or mishap does occur. Below, is a little bit of information provided by the California Association of Realtors which may help you better understand the arbitration process should it ever come up. 

Arbitration Information
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Beginning in 2017, new laws were passed regarding water conserving fixtures in homes. The California Association of Realtors has put out a great FAQ which answers many of the questions that buyers and sellers may have in regards to this new law. If in doubt, it is always best to disclose!

Water Conserving Fixtures FAQ
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One of an agent's most vital source for information on pricing is the comparable sales analysis or CMA which is used to help determine the value of a subject property. This report is used by listing agents as guidance for pricing a home and setting expectations for sellers, and by buyers agents to help determine offer price and estimated appraised value. Some of the factors which go into the comparable sales used are: distance from property, square footage, close of escrow date, neighborhood and condition of the property.

Since pricing strategies can vary from agent to agent, comparable sales are heavily relied upon to determine the true value of the property. It is important to note that although sellers will select the winning offer, it is the buyers who…
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The sellers of a property are required to maintain the condition of the home through close of escrow. In order to properly ensure that the condition has not changed between offer acceptance and closing, the Agent Visual Inspection Disclosure or AVID is used to document any visual flaws. This inspection is performed by each party's agent and is not meant to find issue within the home, but to document what flaws were present at the time of acceptance. The AVID may be used during the final walk through inspection as a guide for any noticeable damage at the home .
When will my agent complete their AVID?

Personally, I prefer to complete my AVID at a home inspection and with the buyer/seller of the home. For listings, the AVID is a part of the disclosure…
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In the California Residential Purchase Agreement, there is a section commonly referred to as Allocations of Costs. In this section, it is agreed upon which party is responsible for which fees. Each county has its own standard for who pays for what. Old Republic Title Company has provided the list below which shows who pays what fees in each county. 
Allocation of Costs
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