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.
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Zillow is the leading digital platform for real estate across the US and the go-to website for individuals looking to buy, sell or rent homes. What many people don’t know is that Zillow is also one of the largest For Sale By Owner (FSBO) marketplaces which allows individuals to list their home on Zillow for free. Per their last data, they have about 36 million unique monthly visitors on their site which can serve as a great way to get exposure, although the Multiple List Service (MLS) is a great additional option as well.
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 having a selling price and a close date. If it was a simple thing, it wouldn’t require an 18-page legal document with almost 100 paragraphs of legalese. The contract outlines who will do what, who is going to pay for it, when will it be done, and what happens if it’s not done. Additionally, there are dozens of pages of forms, advisories and disclosures, along with all the legal documents from escrow and title.
Real estate agent commissions can get a little tricky. Typically, the seller pays the commissions because buyer and seller agent fees are included in the purchase price of the property.