Posts Tagged ‘real estate’

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.

Remodeling on a Budget

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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

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

 

Supply Versus Demand

Supply versus demand -What does that mean to you? 

Many areas in Orange County are experiencing the lowest inventory rates we have seen in over 5 years! This does not apply to every neighborhood but in general:

  • Active available listings are trending the lowest in over 5 years 
  • New Listings are trending the lowest we have seen in over 5 years
  • Pending Sales hit the HIGHEST point in over 5 years
  • Current available inventory is  around  2-3 months supply!

We could be facing a very hot summer real estate market this year! 

If you are looking for purchase this spring it is a good time to get started! Lending has been very tight but we are seeing signs of improvement. Loans are key so make this your first step.  Contact Mary or visit my web site to view available listings. I am here to help and look forward to hearing from you! Call direct or text 949-275-6544

Now is the Time to BUY!!

Fall and Winter  is the Time to BUY!!

As the holidays draw near (or to a close) and the cold sets in we tend to become more dormant, much like the real estate market in many regions of the country, making it a great time to get out and buy before conditions likely thaw out by spring. There is still time to get a great deal!

The real estate market typically softens this time of the year. Kids are settled into the school year, the holidays are here, and many put off  buying a home until spring, or at least until the new year.

But the savvy home buyer will take advantage of the current conditions, which, coupled with historically low  interest rates , make it an excellent time to buy.

Homes will typically sit on the market a little longer in the winter which often presents buyers with a good opportunity to negotiate their best deal.

If you have been thinking about buying next year, or plan on buying in the near future, you may want to reconsider your plans to time the market  It could end up saving you a considerable amount of money.

Not only will you risk the probability that prices will rise, but who knows what interest rates will be like next year. Today’s low rates are  incentive enough to think about buying now.  

The chill of winter is setting in (well maybe not so much here in California!) and as the holiday season draws to a close (Happy New Year!) ,  sellers have been realizing they must be more competitive in the marketplace to affect a sale, “Many listings are now beginning to show reductions in price, and sellers are becoming more aware of how they need to  set their homes apart from all the others on the market.”

So if you do start looking in the weeks ahead, be sure to keep an open mind. Always think about the future potential. You can always change the carpet that would clash with your furnishings, paint the walls, replace outdated appliances, or add the back yard patio area that is missing. Remember, if the sellers are anxious to sell or the house has been on the market a considerable length of time, you’ll likely have the advantage in the negotiation process.

Finally, if you do manage to buy and close escrow by the end of the year (too late if you aren’t in escrow already!) you’ll have the added benefit of being able to deduct your closing costs, mortgage interest, and property taxes on your 2012 tax return!

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