buyers: I Hate Having to Cross Qualify My Buyers – Do You?
- 04/06/15 07:51 PM
I Hate Having to Cross Qualify My Buyers – Do You?
We are seeing more and more listings where at the request of the Listing Agent, and sometimes it’s stated as “at the request of the seller,” the buyer must be cross qualified with a particular lender.
This has been fairly common with short sales and REOS over the last 6 or 7 years, but it now becoming more frequent in “normal” sales.
In some cases a particular agent ALWAYS requires it, and of a particular lender. Hmmm.
I understand concerns about pre-approvals of
buyers: Sometimes You Don’t Know You are Being Unrealistic Until You are Told
- 02/13/15 07:11 AM
Sometimes You Don’t Know You are Being Unrealistic Until You are Told You Are
With the low inventory and great interest rates, plus pent-up demand, activity for buyers in our area is vigorous. Homes that are well priced disappear quickly, but despite being a seller’s market, some homes languish on the market.
And there is always a reason – location, price, and condition are the primary ones
Buyers have wish lists for their home searches. Sometimes those lists are realistic, given prices and neighborhoods of interests, but often they are not.
It may be
buyers: Is ListingRoad.com the RIGHT Road For YOU to Take?
- 11/25/14 09:13 PM
Is ListingRoad.com the RIGHT Road For YOU to Take?
The following full page ad for Listing Road appeared in our local paper recently. I thought it was pretty brazen.
Really? Are that many agents truly going to pay thousands of dollars to a buyer or seller who accepts their bid for a buyer or seller posting and who may NOT sell or purchase through them, thus forfeiting the money?
The premise, based on selling over 8000 homes (hmm, over 12,000 sell per day, that stat is not all that impressive), is that top agents who put
buyers: Carlsbad Buyers Prepare for Your Closing with a Contingency Plan
- 09/07/14 01:05 PM
Carlsbad Buyers Prepare for Your Closing with a Contingency Plan
Contingency plans when buying a new Carlsbad home are often necessary, and important, during the transaction..
This is especially true with closing, since this is such a critical date with the transfer of title, and for many buyers an exciting move into your new home. Buyers normally want to get access as soon as possible, which is perfectly understandable.
While it doesn’t happen often, closing CAN get delayed.
The most common reason I have run into is the lender not getting the funds wired
buyers: This Home has Central Air Conditioning. Not!
- 08/30/14 12:18 PM
This Home has Central Air Conditioning. Not!
A common question from buyers in my area is whether a home has central AC or not.
Near the coast it is often not necessary, except for limited times during the year when the Santa Ana winds blow. But with coastal breeze and being near the ocean the temps are much milder, even in the summer, thank further.
Of course having AC and feeling it is necessary is very much a person choice, and often buyers want to have the option to use it or not.
I always tell buyers that it is
buyers: Staging Your Offer
- 08/17/14 09:33 AM
Staging Your Offer
Yes, it can be done. And probably should, in particular if there are multiple offers and you want your offer, like a home, to show its best.
Perhaps the subtitle should be "Dressed for Success!"
Let’s face it – you want your offer to look great! You’ve made an effort to get pre-approved, have looked at a number of homes, decided on one you really like, and you want it. Bad!
So of course you want your offer accepted, right?!
Granted, the bulk of the responsibility for making the offer look great rests
buyers: I Got Asked to Take Down a Post Yesterday
- 08/12/14 06:37 AM
I Got Asked to Take Down a Post Yesterday
This has only happened one other time, a little over 6 years ago, but yesterday I received an email asking me to remove a post.
The email was from a new home builder in the San Diego area.
They found a post I had written about a new home community in the Leucadia area of Encinitas that I posted a few months ago.
As a real estate blogger with a keen interest in my local housing market, keeping tabs on and sharing information about new homes has
buyers: The San Diego Climate Impact Plan – Applaud It or Criticize It?
- 08/11/14 09:06 PM
The San Diego Climate Impact Plan – Applaud It or Criticize It?
There is a new plan that has been submitted to the San Diego City Council for approval. It could have significant financial consequences for home owners when it comes time to sell, depending on what is approved and mandated.
On the one hand I want to applaud that the Climate Action Plan, spearheaded by City Council President Todd Lorio and presented to the City’s Mayor after its creation in February 2014, is an effort to impact the negative effects of global warming.
Whether everyone agrees
buyers: Do I Need Proof of Funds (POF) in My Relocation?
- 08/08/14 07:01 PM
Do I Need Proof of Funds (POF) in My Relocation?
When buying a new home in your relocation, you should expect to provide proof of funds (video), often abbreviated in the real estate world as POF. This is essential if you are paying cash, but a smart thing to do even when you are getting a loan.
Sellers want to know that you are qualified to purchase (e.g., have a current written pre-approval) and that you have the funds on top of the financing for the purchase (i.e., the deposit, a.k.a. earnest money deposit; the down payment, and the
buyers: Handling the Closing on Your Home in Your Relocation
- 08/08/14 08:41 AM
Handling the Closing on Your Home in Your Relocation
I often get asked by people who are moving to Carlsbad, or nearby, from out of the area – How do we handle closing? Do we have to be here?
You might also know it as settlement, if you are from another state, but closing here in Carlsbad, and throughout Southern California, is pretty easy to handle.
[see the video at the bottom of the page]
You don’t sit around a table, sign papers and exchange keys as they do in some states. It all happens behind
buyers: Carlsbad Sellers, Get Rid of Those Hazardous Waste Items Before Closing
- 08/03/14 08:19 PM
Carlsbad Sellers, Get Rid of Those Hazardous Waste Items Before Closing
It’s pretty common that buyers will request that all personal items belong to the sellers be removed before closing, as they are not part of the transaction.
Even if not explicitly stated in the contract, the assumption is that all non-fixtures are to be removed.
A common set of stuff that is probably in most homes, and not so easy to get rid of, are the hazardous waste items.
I find that in most cases buyers want these gone. And you often do
buyers: The Value of an HVAC Inspection - Time for That Furnace to be Replaced
- 08/01/14 09:33 PM
The Value of an HVAC Inspection - Time for That Furnace to be Replaced
A home inspection is essential, and sometimes additional inspections are important.
A recent home inspector recommended an HVAC evaluation because of concerns about the furnace in a Carlsbad condo.
The HVAC company did an inspection (quickly, I might add), and recommended that the furnace be replaced.
Seems the current furnace was a Premier, which was a model that was discontinued some years ago because of fire hazards (do a Google search for Premir furnaces and you'll see what I mean).
buyers: I Broke 3 Hearts Today
- 07/29/14 08:46 PM
I Broke 3 Hearts Today
It was another situation that none of us likes...the need to let buyers know they did NOT get the home they really wanted in a multiple bid situation, despite doing everything they could to make the best offer, including optimal terms and conditions.
Of course I prefer to deliver good news, but that is not always the case.
And we don't always have an explanation for why things did not turn out as we hoped, or expected. It's one thing when buyers are not making an optimal offer with strong terms and conditions,
buyers: Carlsbad Buyers, Why You Need to Check the Insurability of Your Home
- 07/26/14 01:17 PM
Carlsbad Buyers, Why You Need to Check the Insurability of Your Home
A key component in the due diligence phase of purchasing your home should be to check in the insurability of the property you are trying to buy. You also want to know about any past claims.
Whether or not your home can be insured, and for how much, is essential information.
You certainly don’t want to purchase a home that insurers won’t touch, due to multiple past claims, or possibly where insurance costs could be prohibitive due to certain factors such as fire
buyers: 16 Top Relocation Tips - Articles & Videos to Help You Move
- 07/20/14 05:15 PM
16 Relocation Tips Slideshow
Articles and Videos to Help You Move to Carlsbad
The following slideswho provides an overview of the key things you need to know when relocating to Carlsbad or surrounding communities. [NOTE - use the scroll bar on the right of the slideshow to advance through each slide]
The complete list of articles (links) can be found below the slide presentation.
Each article (with video link) provides more detailed information on one of the tips in the slideshow to help you make the best decisions whe moving. Of course I am happy to asnwer any
buyers: What Will My Home Be Worth – The Zillow Crystal Ball
- 06/29/14 09:22 AM
What Will My Home Be Worth – The Zillow Crystal Ball
We often get asked questions about future value of homes by sellers and buyers
I don’t know about you, but my crystal ball doesn’t function very well and I’m loath to respond to an inquiry like this with any sort of definitive answer. How about you?
But now we have a solution – blame it on Zillow.
Zillow has rolled out a new offering that will, purportedly, estimate the future value of millions of homes around the country, a new evolution of the popular “Zestimate.”
buyers: Carlsbad Homeowners - Appeal Property Tax Assessments Starting July 2
- 06/28/14 08:55 AM
Carlsbad Homeowners Can Appeal Their Property Tax Assessments Beginning July 2, 2014
Yes, it’s true. If you are a homeowner in Carlsbad (and San Diego County in general), you can file an appeal on your property tax assessment beginning July 2 until December 1, 2014.
Armed with your parcel number (from your tax bill) and your property address, simply complete the application, stating your opinion of the value of your home (be reasonable), check the boxes for the reasons you believe your current assessment is wrong, and file your application on time.
Applications can be filed in person
buyers: Carlsbad Sellers – Do YOU Know About the Carbon Monoxide Detector Law?
- 06/15/14 07:58 AM
Do YOU Know About the Carbon Monoxide Detector Law?
California passed legislation back in 2011 regarding the need for carbon monoxide detectors in most properties, owner occupied (new construction plus resale) as well as rentals. Some properties owners had until 2013 to comply.
Read more about the California Carbon Monoxide Detector Law Here
Even today there are many homeowners who are not aware of the requirements, and many who are not in compliance.
And it becomes an issue when you are selling your Carlsbad home. [Note – the requirements are for CA
buyers: Real Estate-Ese: Detached vs. Attached Homes in Carlsbad California
- 05/30/14 08:05 AM
Detached vs. Attached Homes in Carlsbad California
Real estate and MLS lingo can vary quite a bit around the country, and a relocation from one area to another means buyers confront terms they may never have heard before, or that may be perplexing.
Here in Carlsbad (and San Diego in general), our MLS uses the house-type terms “detached” and “attached” as major categories. And because they are used in our MLS I use these terms in my monthly market reports to share data reported in the MLS
Let’s dissect these terms just a bit
[what you see below
buyers: Real Estate-ese: What’s in YOUR Preliminary Title Report, Sellers?
- 05/25/14 07:22 AM
What’s in YOUR Preliminary Title Report, Carlsbad Sellers?
Do you know?
Perhaps you don’t care at the moment.
But as a Carlsbad home seller you should know what’s in your Preliminary Title Report.
First, what IS a Preliminary Title Report (or in more common lingo, the Prelim)?
The Prelim is essentially a written summary of the title search done by a title company as part of a real estate transaction.
The Prelim may be requested by the listing agent before the home is listed (that’s my recommendation), but certainly will be ordered as part of the escrow and due diligence