Show Me a Five Dollar Bill, And I'll Show You Why Your Listing Expired!
Published Thursday, April 20, 2006 by Real Estate Pro.Because of this, you give a bill-salesman a 90-day listing on your five dollar bill, but it doesn't sell, and the listing expires. You get an offer at $4.95 and want to accept it, but your bill salesman writes a counter-offer asking for a different title company, and the transaction falls apart. * You wanted eight dollars for the bill. You listed it for $7.50 and told your bill salesperson that if someone wants it they could "make you an offer".
Tagged: California
Show Me a Five Dollar Bill, And I'll Show You Why Your Listing Expired!
Some Problems are Worth Having
Published by Real Estate Pro.A PAT works like this; a seller sells the property to their PAT for a lifetime income contract (called a private annuity) and then immediately sells again to the buyer. Our clients are over the age of 70 and that caused life insurance to be more expensive than they could afford while they were planning for how to pass that ranch to their kids and pay the estate tax that would occur when they both pass.
Tagged: California
Some Problems are Worth Having
Chimneys and Real Estate Transactions
Published by Real Estate Pro.If you can see a clay type square or oval pipe protruding out the top of the chimney stack you have a masonry fireplace and chimney system. If you can see a metal pipe with a metal cap that fits the pipe perfectly, protruding out the top, chances are you have some kind of a prefab. If it is all brick and mortar but with the metal pipe protruding out of the top you probably have a hybrid system.
Tagged: California
Chimneys and Real Estate Transactions
The Canary is Choking
Published by Real Estate Pro.Sales finished the month at 2,844 homes sold versus 3,885 sold in March 2005, down 28%. This downward trend in sales began in earnest in the last quarter and seems to be accelerating.
"The first quarter sales were 6,743 sold versus 8,905 in the same period last year. The under $500,000 sales made up 45% of the sales volume versus 55% last year, this mix change pushed up the average price because of the sale of more expensive homes.
Tagged: California
The Canary is Choking
Buyer (And Seller) Beware
Published by Real Estate Pro.You hear stories about sellers slashing listing prices to attract buyers, but home prices nationally have risen more than 10% over the past year. That leads people to take more risks than they should. The idea here is that if people's monthly payments to own a house are much higher than what they would spend to rent the same place, tax considerations included, then they must be banking on prices going up so they can sell for a profit someday.
Tagged: California
Buyer (And Seller) Beware