Irvine Real Estate

Enjoy the good life in Irvine Ca

Enjoy the good life in Irvine Ca

Storage for every room

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Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Buyers Agent or Sellers Agent?

That is the question! If you are just starting your journey to purchase a home-Congratulations! This is a huge step. Do you know the difference between a buyers agent and a sellers agent?

Basically the sellers agent represents the interest of the seller and the buyers agent represents the interests of the buyer. Sounds pretty simple.

Sellers Agent- Agent of record on the listing-listed on the sign or in the ad/flyer. This agent has a contractual agreement with the home’s seller to represent their best interest-otherwise known as fiduciary duty. Their first loyalty lies with the seller.
Buyers Agent: Agent who contracts with home buyer to represent him as his exclusive agent and has the same fiduciary responsibility to the buyer as the sellers agent has to the seller. Their first loyalty lies with the buyer.

Dual Agency: This is where one agent agrees to represent both buyer and seller in a real estate transaction. They will agree to represent both parties within the transaction-Apparently giving their first loyalty to both simultaneously.
Assuming the agent is honest and conscientious -and of course we do assume this -he or she will have a difficult time providing the best advice to two conflicting parties and obtain the best possible outcome for both sides. It is very difficult to serve two masters at one time and do it well.

Be an informed consumer. Before you sign a real estate contract, make sure you are engaging the assistance of a real estate agent that has your best interests as their first priority.

Create Visual Space

Home buyers want the most house their money can buy. A large house with a choppy floor plan and small rooms can feel less spacious than a smaller home with an open floor plan. A clean, well-maintained, and spacious home is not only more marketable, but can often command a higher price.

Here are some things to do to visually create more space:

* Position mirrors in the right places to make a room appear larger. Make sure the mirrors reflect what you want to see more of, such as a favorite painting or a lovely window.
* Choose a light color scheme to help open up a room. White, cream, pearl gray, or soft yellow seem more inviting and open because they reflect light.
* Clear out the clutter. Keep decorative objects to a minimum. Porcelain figurines are distracting and can be easily broken. Pick up newspapers and magazines. Put away–or pack away–unnecessary items from countertops in the kitchen and baths. Clutter can make rooms seem smaller than they are.
* Minimize the amount of furniture you have in each room. This doesn’t mean smaller furniture! Just less of it. Sometimes just removing a few pieces will do help make the room appear larger.

Part of my expertise is in helping sellers get their home ready for the market. If you are considering selling and would like some tips on how you can stage your home to obtain top dollar, please call for a personal consultation. I look forward to hearing from you.

Remodeling on a Budget

Visit houselogic.com for more articles like this.

Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

Visit houselogic.com for more articles like this.

Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

Safety Tips For Home Sellers

With or without a real estate agent, when you are selling your home you are exposed to a parade of strangers traipsing through your house. The vast majority of them are perfectly safe, honest people — and possibly home buyers. But security measures are necessary for the rare possibility that just one could see your home as an opportunity for crime.

Protecting your home, its valuables and yourself from harm should be a vital component of your marketing plan.

  • Once you list your home for sale, never leave a message on your answering machine informing callers that you are not home. Leave a message that says you are unavailable to answer the phone right now.
  • Never set an appointment with anyone to see your home unless you have their name and number and have called back to verify that number.
  • For security’s sake, before you conduct an open house, remember to remove keys, credit cards, jewelry, crystal, furs and other valuables from the home or lock them away during showings. Also remove prescription drugs. Some seemingly honest people wouldn’t mind getting their hands on a bottle of prescribed drugs.
  • Consider hiring a security guard, especially if you have many valuables you can’t remove.
  • Request that all visitors sign in a guest book or roster. You are giving away a lot of information about your house and you have a right to know who is getting that information.  Certainly some visitors will use a false name but at least they will be aware of the organized procedures and might think twice about victimizing you.
  • Never discuss your personal schedule or habits with potential buyers. Statements like “We are so near the work center, I can leave my home at 8:45 and arrive by 9,” tell potential criminals when you aren’t home. Likewise, don’t discuss issues involving your home security including deadlock bolt locks, security systems, alarms etc. Don’t divulge information on your flyer or other marketing tools that might breech security.
  • After an open house, check all the windows, doors and other entrances to make sure they are locked.

Closing Costs

One of the areas that borrowers ask about most often, and find the most confusing,  is closing costs. Most people will not understand what the items are that make up the closing costs -much of which is estimated. Some people have had negative experiences where they found that the actual closing costs were a lot higher than they were led to believe.  Luckily, and hopefully,  our latest California real estate laws have made this a much easier to understand and more accurate process.

Closing costs are designated by four categories:

  • 1) non-recurring closing costs

    2) points

    3) recurring closing costs

    4) fees associated only with purchase transactions

For a  list of costs and which category they fall into, please visit Closing Costs Explained

We specialize in residential properties in Irvine California and the surrounding neighborhoods. We are here to help! Contact us by email or phone 949-275-6544 for assistance.

 

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Ca Homeowners Bill of Rights

There is much discussion about the new Homeowners Bill of Rights. Some think it will hurt rather than help the California housing market. Here is a short article by Bob Hunt

 

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