As a certified real estate mediator, I have seen an increase in calls from dissatisfied buyers complaining that sellers did not disclose property defects. It is important if you are a seller to disclose all known defects on the property if you are trying to sell your home. In addition, it should be disclosed if […]
2014 Real Estate Market Overview
The Southern California Real Estate market in 2014 started out slowly, but surprisingly took a huge surge in the late spring and early summer. Buyers were fighting over properties and raising prices in multiple offer situations, going over price as much as 20-30% of asking. Unfortunately, many sellers expected this to continue and were greatly […]
Prevent Mortgage Fraud!
Instructional video from the California Association of Realtors on how you can prevent rising mortgage fraud:
Multiple Offers Abound!
There is a curious occurrence happening in the local real estate market – unusually high numbers of multiple offers on available properties. The question begs “why?” I asked my astute assistant that very question and he said the answer is that “due to continuing instability in global markets, investors are beginning to look for safe […]
Appraisal Issues
I recently had an appraisal on a North Monrovia Property not come in at value. This is a common problem in trying to close a real estate transaction. The appraisal came in $15,000 less than the agreed upon purchase price. The buyer and seller were willing to split the difference. In doing this, the agreed […]