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Buyers master contingent-sale offers
Most repeat homebuyers don't like selling their current home until they know where they're going. However, most repeat homebuyers can't qualify to buy before selling. So, how do you structure a contingent-sale offer so you get what you want without being homeless?
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Insulation job hits peculiar snag
Q: We are currently having fiberglass insulation blown into our 1850s house. So far they have completed the attic and the second floor. They have drilled the holes in the first floor. Now they are telling us that they cannot find the rubber hose they need to complete the project and it is too cold for them to complete the project and we need to wait until spring. I would like to know if the cold weather is a factor and if you know what the rubber hose is called, which they claim they cannot find.
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Doing double take on condo privacy
DEAR BENNY: I own a condo that has a property management company with an active board and bylaws. Each individual unit has a cement patio with a privacy fence (approximately six feet high) around it. The bylaws regulate what you can have on your private patio. There are a few things that I do not understand in this situation.
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FHA program funds fixers
Investors have been taking advantage of low interest rates and discounted prices to buy run-down foreclosure properties, sometimes 10 or so at a time. They fix up the properties enough to be rented until the market turns, which could take years. When the time is right, the investor puts the finishing touches on the improvements and hopefully sells for a profit.
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Paying rent during a short sale
DEAR BENNY: I live in a duplex that has recently been listed as a short sale. Since it appears that my landlord has not been making the mortgage payments, what should I do with my rent payments? I have not been contacted by the landlord or the listing agent, so I'm not sure what I should do. Any suggestions? --Chris
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CALIFORNIA ASSOCIATION OF REALTORS®
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Dan R. Joves CRS, GRI, Realtor/Broker
REALTOR®
Golden Financial Investment Group, Inc.
17215 Studebaker Rd., Ste. 150
Cerittos,
CA
90703
562.860.8703
562.818.3626
Contact Me
Visit My Web Site
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No capital gains tax on home exchange?
DEAR BENNY: My husband and I built a townhouse in 1983 for $33,000. We lived there for a few years and then rented it out for 17 years, taking all the tax advantages such as depreciation, etc.
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2010: year of the turnaround?
A spurt in home sales in 2009, aided by low interest rates and the first-time homebuyer tax credit, has led some economists to forecast a turnaround in the housing market this year. Other forecasters feel this is too optimistic a projection.
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Southern California Home Buyer's Fair March 13 and March 14
With interest rates at historic lows and home prices at affordable levels now is an ideal time to buy a home. Chances are you have many questions, ranging from how to find and qualify for a mortgage loan to what steps are required to get from finding a home to closing escrow and moving in.
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Solution for icy gutters
With winter's storms comes the problem of ice buildup on the roof. No one relishes the thought of dragging out a ladder and trying to get all that ice out of the gutter. But if you allow it to build up in there, you are essentially forming the foundation that an ice dam will start building on, and once the ice dam takes hold it's a lot harder to get rid of.
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Best payback on remodel
Q: In your opinion, what home improvements (kitchen remodel, new front door, or wood floors) offer the best payback on investment when you are trying to sell?
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Southern California Home Buyer's Fair two weeks away
With interest rates at historic lows and home prices at affordable levels, now is an ideal time to buy a home. Chances are you have many questions, ranging from how to find and qualify for a mortgage loan to closing escrow and moving in. The Southern California Home Buyer's Fair, March 13 and March 14 at the L.A. Convention Center, is the place to go for answers.
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Home prices put to ZIP code test
The wealth created by the housing bubble has been wiped out, according to Lawrence Yun, chief economist for the NATIONAL ASSOCIATION OF REALTORS®, who spoke at the group's annual conference in November 2009. Does this mean that if you bought your home in 2005 in an area that experienced rapid appreciation from 2004-2007, you'll lose money if you sell today?
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