Why Do Sellers Stay On Property After Closing the Deal? It is very difficult for sellers to completely plan the “exact” date of departure. Lenders, Escrow Officers, Buyers, Inspectors, Regulators, Transaction Coordinators, and others can do things entirely unannounced that can change dates. Also, sellers sometimes believe if their Purchase Escrow is delayed, their Sale Escrow […]
Why Is it So Difficult to Find Refinance Rates and Purchase Rates? In our MLO classes, I have mentioned many times that I can never find information on refinance rates and purchase rates for my rental houses. Every ad that I see talks about rates on my home, etc. etc. etc. There are many people out there […]
Take Heed of the Estoppel Certificate These are the words for today. These words are extremely important when buying or selling income property and for agents who are working on these sales. The California Bureau of Real Estate Glossary states: Estoppel is a legal theory under which a person is barred from asserting or denying […]
Steve Duringer of Duringer Law Group is My Favorite Eviction Guru. His firm is outstanding. Fortunately I have not had to use his services in a long time (and please let’s go longer), but if I need an Eviction completed, he is the one I would call. He authors a fine monthly newsletter. His latest […]
Academy Awards are Coming Up. Get Your Ballots Ready. A quick reminder of the nine movies nominated: Hell or Highwater, Hacksaw Ridge, Fences, Lion, Moonlight, Arrival, Manchester by the Sea, Hidden Figures, and La La Land. The movie that is expected to win at this stage of the season is “La La Land”. This is […]
Median prices are splashed all over websites, blogs, texts, and even by some hard copy newspapers. But what do they mean to me. Do I really care what the national median price is or what the median price is in Lake County or even in my own Orange County? What do they mean for the […]
What Happened to the Sanctions/Penalties Section? For many years, the DRE used to send licensees a Quarterly Bulletin concerning important aspects of Real Estate Licensing. For long-time veterans, you know that the first thing that we did when we received our copy in the mail was to check the Sanctions/Penalties, and to see if we […]
There is a new HBO documentary based on the life and ideals of Warren Buffett: “The Oracle of Omaha”, considered an all-time, number one investor in the US of A. My wife DJ and I think the movie is outstanding. Developed by Peter Kunhardt, he also did documentaries on Richard Nixon and Oprah. It was […]
New Ethics Requirements for NAR Members There is a new Ethics regulation implemented by the National Association of Realtors that has not been widely distributed. I heard about this latest change from our instructor, Judy Wagner, who heard about it from someone at her Association. Thank you to our Speaker of the Year. #1–Who […]
The Median Price at the End of December was $509K However, the median varies greatly for different counties. Highest in the State is Marin at $942K followed by San Mateo at $895K. The highest in Southern California is Orange County at $661K, while the lowest in So. Cal. is San Bernardino at $192K. So if […]
