We all intuitively know owning a home tends to increase one’s net worth. A recent Federal Reserve Survey of Consumer Finances quantified the wealth gap between homeowners and renters. If you currently rent , you may what to sit down. In 2013, the net worth of the typical U.S. homeowner was 36 times that of the […]
In residential real estate, the best number to track to understand the current market conditions is months of inventory. Months of inventory is the number of months until all of the homes currently listed for sale are sold per the current rate of sales. For example, if a particular area has 90 active listings on the market and 30 pending […]
Sitegeist is a mobile app that helps users access data about their surroundings in seconds. The app draws from publicly available information and presents it to you in a clean, graphically pleasing format. Find Localized Information in Seconds As a real estate agent, I am always looking for tools to help my clients during the […]
A Nielsen Scarborough USA+ study found that during the past year, new homeowners spent $18 billion on home improvement projects. There is a trend of home improvement projects for new homeowners and the graphic below shows the most popular.
Once a buyer and seller of California residential real estate agree to the terms of an offer, the escrow period begins. The first thing the buyer’s real estate agent should do after an offer is accepted is schedule a home inspection. The home inspection is an out-of-pocket expense for the buyer and part of his/her due diligence. […]
A National Association of REALTORS® survey named the “2013 Profile of Home Buyers and Sellers” provided some interesting insight to the characteristics of home buyers and the type of home they purchased. Savvy home sellers can read this data to do what they can to make their home more appealing to buyers. While the savvy home […]
When you want to submit an offer on a home for sale, your real estate agent will help you write the offer. In California, buyers use the 8-page California Residential Purchase Agreement to present offers to sellers. While finding a home is a large part of the real estate agent’s job, a good agent will speak the language […]
During the course of a real estate transaction in California, buyers and sellers will send and receive many documents. Before you sign any real estate documents, be sure you understand the difference between a disclosure and an agreement. Disclosure: The making known of a fact that had previously been hidden; a revelation. Source: nolo.com When a party […]