Many homeowners are held back from purchasing a new home because they want or need to sell their current home. Many potential buyers have heard about home sale contingencies, but fewer have heard the phrase “Settlement Contingency”. By putting yourself in…
Settlement Contingency Protects You But Makes Your Purchase Offer More Acceptable
Many homeowners are held back from purchasing a new home because they want or need to sell their current home. Many potential buyers have heard about home sale contingencies, but fewer have heard the phrase “Settlement Contingency”. By putting yourself in…
GPM – Graduated Payment Mortgage
Many home buyers have heard about adjustable-rate mortgages (ARMs). They typically have the advantage of lower mortgage payments than fixed-rate mortgages. This enables the home buyer to get a larger mortgage and buy a more expensive home. An ARM comes with the risk…
Airbnb & Vacation Rental Real Estate
Short-term rental income, such as is typical from Airbnb & Vacation rental real estate, is typically higher per day than from conventional long-term home leases. For many investors, the opportunity short-term rental provides for using depreciation losses to reduce…
Why Make A Preemptive Offer To Buy?
Unfortunately many first time home buyers believe that if a house is offered for sale with a specified offer date, they have to make their offer on that date, or perhaps later if it isn’t sold. There are no laws that prevent home sellers from accepting a…
Zestimate – Zillow Lost $304,000,000
In 2018 Zillow announced “Zillow Offers” which gave home sellers an opportunity to sell their home directly to Zillow without listing their home for sale on an MLS. With the Covid-19 pandemic leading to restrictions on holding open houses it would seem…
Investment Trend – Hotels Converted To Apartments
As affordable housing becomes more scarce nationwide, developers are buying distressed hotels and turning them into apartments. Nationwide, 18% of hotels are behind on their mortgages as of Dec, 2020. “Apartments around here, you might pay $120,000 a door, and we can…
Multiple Counter Offer
In Silicon Valley, multiple offers to purchase a home are often received within a short time period. A seller cannot respond to multiple offers by sending a simple counteroffer to each potential buyer. The seller needs to make a “multiple counter offer”….
Juliana Lee Real Estate Team
Many real estate agents say they are part of a team or part of a group. Rarely would one person try to do everything required to regularly sell real estate. The recent Juliana Lee Real Estate Team Video provides a glimpse into why these real estate agents are a team.
Daly City Real Estate Trends
The plot of both average and median quarterly Daly City house prices will generally alert you to unusually high or low prices by the separation between the average and median prices changing.
Changes in the Daly City real estate market typically create significant changes in the sales price to list price. The list price is set by looking at recent sales prices. The comparison shows how well sales prices follow expectations.
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