So you’re planning to sell your home. Maybe it's time to move to a bigger house, a different city, or even a different state. Whatever your case may be, it is essential to have the proper knowledge about selling your home.
If you’re making the choice to sell your home, you are likely deciding between selling on your own or hiring a real estate agent. When selling your own home, more commonly known as For Sale By Owner (FSBO), you will be weighing the decision of saving money versus the anxiety of making a costly mistake. Fortunately, there is a new, commission free option, that might just be the perfect solution. It is using a remote, full service agent to professionally represent you with selling your house.
When it comes to selling your home, the dream scenario is to get multiple offers from buyers competing with each other to raise the price. In a hot seller’s market, it is not unusual to receive 10 or more offers for your home. Whether you have just listed your house for sale by owner or are preparing to offer it for sale, you should be prepared to process multiple offers, discern the difference between the offers, and to leverage those offers to get the highest price while navigating the terms of a 19 page purchase contract with over 100 paragraphs of legalese.
Due to the rise in natural disasters, California legislation has passed Prop 19 to help a variety of homeowner be able to sell, purchase and move homes without the taxes and liability that normally occur.
Recent reports and statistics showed that many Californians are packing up and moving out of state. Even Elon Musk, founder of Tesla, recently announced that he is moving from California to Texas. While many are speculating that the billionaire has chosen to leave California because of the exorbitant taxes, Musk is claiming is that his move is due to Covid-19 restrictions. But yes, high taxes and high cost of living has been the main drivers why people are leaving the sunny state behind.
Zillow is the leading digital platform for real estate across the US and the go-to website for individuals searching for a home to buy. It is also the largest marketplace for For Sale By Owner (FSBO) listings.
iBuyers are real estate companies that buy properties at a discount directly from home sellers and resell them for a profit to home buyers. They advertise catchy phrases like “Instant cash offer” or “get cash for your house today.” While this may sound attractive to someone who really needs to get out from under a mortgage or needs to move to start a new job, it’s a good idea to take a closer look and know what you’re getting into. So, we did some research for you.
2020 was a tough year for everybody. But aside from the pandemic, more people are saying goodbye to the California dream. Over the last two years, more people have left the state than those who have arrived in search of fine weather and prosperity. The COVID-19 stay-at-home order alone resulted in a net migration loss of 136,000 people from April to June of 2020.
There’s much more to selling a house than negotiating a sales price and close date. If selling a house were that simple, it wouldn’t require a 19-page legal document with over 100 paragraphs of legalese. The purchase contract is a binding legal agreement that specifies who will do what, who is going to pay for it, when will it be done, and what happens if it’s not done as agreed. Additionally, there are dozens of pages of other forms, advisories and mandatory legal disclosures that must be prepared, signed and shared in addition to the legal documents required by escrow and title.
When you put your home on the market, the one aspect that usually comes to mind is profit. Without a doubt, every seller's main goal is to sell their home for the best possible price. However, in an effort to get the best deal possible, many sellers fall prey to myths about home pricing that don’t reflect the current real estate market.
